Taxation

We appreciate that tax matters can be complex and confusing at times. Our intent is to make the process of dealing with compliance matters as smooth and unobtrusive as possible. We are very good at identifying relevant taxation issues that do, and may, impact on you and distilling the required actions in a clear manner.

Our services include:

• Taxation advice including Income Tax, Capital Gains Tax, Goods and Services Tax, Small Business concessions, Inter-generational wealth transfer, residency matters and much more
• Income Tax Returns (Individuals, Trusts, Partnerships, Companies, Self Managed Superannuation Funds)
• GST, BAS and PAYG Instalment compliance
• Fringe Benefits Tax
• Payroll and Employee Superannuation compliance
• Payroll Tax compliance
• Restructure issues
• Advice to improve efficiency of compliance with taxation matters
• Management of taxation compliance

Accounting

Our accounting services span the most basic needs of the smallest business to the diverse requirements of larger clients.

We can provide bookkeeping services directly, though we have a preference to utilise one of Our Trusted Partners to ensure cost efficiency. Alternatively, our knowledge and experience of the major retail accounting systems (e.g. MYOB, Xero, Quickbooks/Reckon) can ensure that you are appropriately supported in getting the most out of these tools yourself.

More broadly, our Accounting Services include:

• Ensuring internal accounting systems are current and include bank transaction feeds
• Live data files to ensure efficient engagement with your in-house accounting system
• Preparation of formal annual financial reports
• Preparation of cost and management accounts
• Budgets and cash flow forecasts
• Business performance analysis and ratios

Enterprise Advisory

We have accumulated a broad range of experience across different industries, clients and structures that has built a capacity to see things differently. When engaging with businesses, we take a whole of enterprise approach and bring an abundance mindset that allows alternative possibilities to be explored.

Our focus is on improved outcomes that are meaningful and clear.

Superannuation

Superannuation is an ever-changing landscape that demands your attention. Our depth of experience in this area regarding superannuation compliance ensures that we can provide appropriate advice on taxation, administration and compliance issues pertaining to your superannuation. This is most evident regarding Self Managed Superannuation Funds where our specific services include:

• Set up of SMSF and all administration tasks such as preparation of your trust deeds, completion and lodgement of relevant ATO statements
• Superannuation consolidation
• Ensuring your SMSF is compliant with current superannuation laws and regulations
• Advice on life and disability Insurance options.
• If there is more than one member in your SMSF, we can offer advice on what will happen in the event of ill health, death, relationship breakdown, or waning interest.
• What if I can no longer make decisions about my SMSF? You should organise a contingency plan for the management of your fund before this happens.
• Investment property advice.
• Auditing of your SMSF via our third party Auditing & Assurance firm
• SMSF borrowing via our third party Legal firm.

It is important to be aware that we do not provide Financial Advice and would refer you to Our Trusted Partners in this regard.

Financial Consultancy

Getting the right information in the right format to understand your financial position and your cash-flow projections, whether as a business or individual, is essential to building wealth and supporting any funding applications you may make. Ensuring the appropriate legal and commercial structure is in place is also a critical consideration.

We undertake the necessary financial analysis and reporting to ensure your financial circumstances and plans are clear, well documented and understood by all appropriate persons, particularly lenders.

Corporate Secretarial

Our Corporate Secretarial Services helps clients by taking the stress out of corporate secretarial work. We provide advice and assistance to clients on corporate matters and perform these tasks on their behalf.

Our services include:

Companies

• Acting as the Registered Office of companies.
• Preparation and maintenance of Statutory Registers.
• Incorporations and deregistrations.
• Changes to the State of incorporation of companies.
• Annual and periodic statutory reporting requirements with the Australian Securities and Investments Commission
• Changes to corporate structures.
• Changes of company names.
• Changes to company officers, including appointments resignations, removals and changes to personal details.
• Changes to share capital including allotments, transfers, redemptions, consolidations, reductions, conversions and share buy-backs.
• Preparation of minutes of directors and shareholders meetings.

Trusts

• Establishing discretionary, hybrid and unit trusts.
• Preparation and maintenance of unit registers.
• Allotments and transfers of units.
• Changing trustees and trust deeds.

Business Names

• Registering business names.
• Cancellation of registrations.
• Renewal of registrations and changes to details.
• Transfers of registrations.

Bookkeeping Services

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Financial Planning

Darren Harrop is a Certified Financial Planner and is appropriately licenced as an Authorised Representative (ARN 237601) of Kingston Wealth Pty Ltd (CAR 431257). However, all financial planning services are referred to Wealthcorp Financial Advisers who partner with us to deliver the financial planning services you need.

Our arrangement with Wealthcorp sees us receive a proportion of the income for fees charged by them. All up-front fees are credited to your client account with Kingston Harrop to offset our fees and services, as we work with you to prepare applicable information to assist in the process and attend to other matters on your behalf.

Finance

You would be aware that finance can be sourced directly from banks and lending institutions. Where you have a good relationship with your bank, we will work with you and your banker to ensure you have the most appropriate financial solutions for your needs.

It is often wise to seek the assistance of a broker who is independent from the institutions themselves to ensure you get the right loan for the particular purpose at the best price. A broker will provide you with comparative information across different lending institutions so that you can understand the difference between products. We can refer you to our trusted brokers to assist in this regard and do so on the basis that any up-front commissions we receive are credited to your client account against our service fees.

Legal

We utilise the appropriate legal services of different firms who specialise in particular areas of law and have experience of dealing with the following matters with clients:

• Business restructures (Trusts, Companies, Superannuation and other)
• Buy / Sell agreements
• Key Person and Shareholder Agreements
• Other commercial contracts
• Property development
• Other property transactions including Lease agreements
• Stamp Duty matters
• Taxation specialties
• Divorce and financial settlements
• Family Arrangements
• Deceased Estates

Audit & Assurance

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