Accounting and Bookkeeping

There are some non-negotiable inclusions for our accounting and taxation service packages. We call them our ‘core services’. It is like ordering a
burger. Regardless of the type of burger, (beef, chicken, vegan, etc) there will be a bun of some kind and a patty.

The core services included in our
monthly accounting service packages
are:

• Annual Financial Statements
• Annual Income Tax Return
• ASIC Annual Review – for your operating company or trustee company
• Client Advisory Board
• Trustee Resolution for Annual
• Income Distribution – if your business operates a trust

We hear you when you say you do not want pickles or salad with your burger. So, we give you a choice of what extras you want for particular accounting services. You may want none, a little, or a lot.

We will ask you to decide the level of service you want for your regular compliance accounting needs:

• Adhoc Queries/Support per Month (how many minutes of support?)
• Activity Statement Prepared by
• Pretium Solutions
• 30 Minute Review Meeting
• Financial Year Budget
• Management Reports
• Fringe Benefits Review
• Annual Payroll Processing
• NSW Payroll Tax
• Superannuation Guarantee Processing
• PPSR (Personal Properties & Securities Register) Report
• Annual Workers Compensation Reporting

WHAT CAN YOU DO FOR MY BUSINESS TO HELP MAKE IT HUGELY SUCCESSFUL?

We love to hear you say that!

That is where our ‘success menu’ items come in. We love working with clients to help them grow thriving, profitable and successful businesses.

Our success menu includes the services we believe every business should have to give themselves the best opportunities.

We will ask you to decide which additions you want from the success menu services:

• Annual Business Plan
• Annual Taxation Planning
• Business Health Check
• Government Grants Review 3-Way Forecast (cash flow, profit &
  balance sheet)
• Strategic Planning Session

If you need us to provide a service that was not included in our agreement this is what we refer to as ‘out-of-scope’ work.

This is for any out-of-scope services encountered during this agreement and may include any additional or sundry accounting and taxation services requested by you or persons authorised by you to request our services for your business.

This will be charged at an agreed value or if necessary, an hourly rate. This type of work will be invoiced monthly for work undertaken in the previous calendar month.

We will discuss this with you prior to commencement and we will let you know beforehand that these will be invoiced to you.

Where appropriate, a separate proposal for the specific services will be prepared for your review and acceptance before proceeding.

Examples include accounting for new asset purchases using asset finance; calculation and documentation of dividends; assisting with an ATO or
ervice NSW audit.

We will calculate an annual package fee for your business. The annual amount will be divided into twelve equal monthly invoices. Or you can choose one-off engagements for each of our services offered.

Your accounting services package fee will be calculated based on:

• Core services amount – The base fee is determined according to the level of annualised revenue for your business for the most recently ended 30 June financial year. Or, if you are establishing a new business, a reasonable estimate of revenue is agreed upon.
• Regular accounting services – The pricing is also based upon the size of your business and the frequency of delivery of each service. For example, if we provide a 30-minute review meeting each month (12 meetings), this will be at a higherprice than if we provided one 30- minute review meeting on completion of annual financial statements.
• Success menu – The pricing is either based upon the size and needs of your business, or the degree of work chosen for the success service. If you select a Strategic Planning Session requiring a full day meeting and workshop, this will be at a higher price than if a 2-hour Strategy Planning Session is chosen.
• Out-of-scope – This will be charged at an agreed value or, if neccessary, an hourly rate. We will discuss this with you prior to commencement and we will let you know beforehand hat these will be invoiced to you.

Monthly accounting service package fees are invoiced on the 1st day of each month. This covers processing of the prior month’s transactions and work. The direct debit will then be processed by the 7th of the month. The exact date may depend upon your business’ bank.

Yes, they are. In July, the year-end reports and taxation will be drafted and where possible they will be sent for your signature, finalised and lodged with the ATO (Australian Taxation Office). Note: Completion of year-end reports and taxation may be delayed for reasons including delays in receiving requested documents and/or signatures.

No. These disbursals may be invoiced directly to your business and may vary according to the level of service required, increases to statutory fees, etc.

Yes, there may be additional invoices. If we are requested by you, or a person authorised by you, for work items not included in the agreed monthly services, or for a greater level of service than originally agreed, we will invoice you separately for this out-of-scope work.

These additional items will be invoiced on the 7th of the month for events that were actioned in the prior month.

For example, if Fred requested us to do some minor out-of-scope work for his business and this work is processed on 15th September, this will be invoiced to Fred’s business on 7th October.

Or, perhaps Fred’s bank requests a cash flow forecast for a bank loan application. At the time of agreeing upon the services to be included in Fred’s monthly package, Fred did not want any cash flow or profit forecasts included. Before preparing any cash flow or profit forecast for Fred, we will provide Fred with a separate proposal and terms of engagement for providing 3-way forecasts (cash, profit and balance sheet) which will specify what work we will perform and the price for this additional work. We will require Fred to agree to the terms and sign our engagement proposal before we commence work.

We review pricing for all services in June each year. All accounting service monthly package agreements will be reviewed and updated for the new pricing and updated fund details commencing with the invoice on 1st September each year.