Accountants, Financial Advisors & Wealth Planners

Tax & Accounting

Find an accountant that gets the bigger picture, helping you solve your business problems and empowering you to reach your goals

Yes, we’re Accountants, lodge tax returns, produce P&Ls, lodge BAS/ FBT, check for compliance and all the other ‘tax’ stuff. Except for us, it’s not just all about the number crunching. It’s about looking at the bigger picture and helping you solve your business problems and empowering you to reach your goals.

ADA Group has seen how the economy has evolved over the past 30 years. Having experienced tax & accounting work with different types of business structures we can provide tailored advice and guidance to help your business grow and achieve success.

We also have a network of contacts that we can reach out to from a wide range of services from within and outside our firm to cater to you and pass on referrals.

Contact ADA Group today to discuss how we can work together: (03) 9877 9806 or email us at info@adagroup.com au.

Bookkeeping Management

Whether you’re looking to grow your business or cut down on spending, having a reliable bookkeeper will help you save money by saving time.

As business owners, you’d like to think you can learn any skill it takes to run your business better. But can just anyone learn to do their books? That’s like saying anyone can learn to be an artist. Is it true? Maybe. You may be a successful business owner with a multitude of skills, but if bookkeeping is one of your weakest links, you should probably hire a bookkeeper to help you out. Imagine what you’d do with an extra 10 or 20 hours a week to work on YOUR business? Your business growth would take a rapid upturn.

With the adoption of Xero and the cloud, ADA Group offers businesses a bookkeeping data processing service to alleviate the time-consuming bottlenecks that stop you from growing your business. We want to understand your big picture and commit to helping you reach those goals.

Why we recommend Xero

At ADA Group we believe that every business is different so that’s why we don’t try to fit square pegs into round holes. To achieve this goal we have chosen Xero as our core accounting product. It allows us to add on best of breed software products to customise an integrated business system for your business at a fraction of the cost of a custom-built program.

One of the key foundations for building a business and creating wealth is to ensure that the systems and processes are as efficient as possible. This leads to reduced time spent on unproductive functions and maximises the time available to focus on activities to grow your business and create wealth.

We recommend Xero to our clients for a number of reasons but predominantly because we have found it to be a perfect catalyst for clients to reduce their administration and free up time for more productive activities. Check out the video on reasons why we recommend Xero.

Contact ADA Group today to discuss how we can work together: (03) 9877 9806 or email us at info@adagroup.com au.

Business Consulting & Advisory Services

ADA Group offers tailored business consulting and advisory services in business strategy execution, finance, and operations. We use innovative methods to unlock your business’s hidden potential and steer you to success. We possess the technical skills and knowledge that you require, whether it be to make a diagnosis and provide smart business solutions or to resource key projects.

Partnering with ADA Group is the greatest advantage a business can have against its competitors. We provide scalability to your business model and bridge the gap between you and your largest competitors.

No matter the size of your business, we are highly skilled and experienced in developing pragmatic and scalable improvement opportunities, that are specifically designed to drive effectiveness and efficiency. Most of the time, small enterprises overlook the importance of engaging a consultant, especially in the early stages of their business evolution.

Our many years of experience and knowledge we can pass on during the critical points in a business life cycle can be essential in whether or not your business makes the leap from being a small enterprise or dynamic growing business.

At ADA Group, we help our clients understand the importance of establishing a strong business structure and tactical operational processes that will ensure the longevity and success of their business.

A clear vision upfront compounded with a powerful business plan (structure) is the most important pillar of having a successful business.

Our Business Consulting & Advisory Services can provide the following assistance to your business:

• Increase revenue & profits
• Business Plans
• Monitoring Milestone achievements
• Review supplier arrangements to reduce costs
• Clearly identify business goals
• Expand market reach & implement an effective marketing approach
• Enhance pricing strategy/model
• Facilitate the launch of new products or services
• Define growth strategies and set key milestones
• Solve challenges through the implementation of smart solutions
• Set KPIs to track and measure performance and the impact on bottom-line performance
• Optimise operational & financial processes to improve efficiency & effectiveness
• Enhance systems infrastructure

Contact ADA Group today to discuss how we can work together: (03) 9877 9806 or email us at info@adagroup.com au.

Portfolio Management

Benefits

Our Investment Portfolio Service has a range of benefits including:

• Accurate and professional record-keeping
• Actively monitored portfolio and stock performance
• Proactive Capital Gains Tax Management
• Up to date information with the Investment Portfolio Service re-evaluated on a daily basis
• Quarterly reports are produced and recommendations provided based on the performance of your portfolio
• You have access to monitor your portfolio details online from any location at any time
• Takes the paperwork out of managing your investment portfolio
• The latest security techniques are employed to protect your data
• Competitive annual fee per portfolio

How Our Investment Portfolio Service Works

The ADA Group Investment Portfolio Service transcends traditional platforms with superior tax and investment reporting features and management functionality. The service allows advisers and clients to log-on and view portfolio details at any time for all types of portfolio structures including:

• Individual
• Joint/partnership
• Superannuation
• Company
• Trust

Under our Investment Portfolio Service we perform the following:

• Collect and record all dividends and income distributions
• Transactions are updated and corporate actions are systematically evaluated
• Produce quarterly reports and recommendations based on portfolio performance
• Annual reports are provided to you for the preparation of tax returns
• Offer advice on all related investments

Portfolio Reports

As part of our service, you will receive Quarterly Reports that will keep you updated on how your portfolio is performing. You can request these reports at any time. The reports you receive will include the following information:

• Portfolio Valuation
• Portfolio Performance
• Realised Capital Gains Tax
• Taxable Income
• Transactions

Online Access

You can view your portfolio information online at any time. Once you sign up to this service, we will issue you with a User ID and Password which will give you access to login from any computer through our website.

Our Fee

It is our belief that the value of the benefits easily exceeds the cost of the service. Our fee structure is based upon the time taken to prepare your reports and manage your portfolio.

Joining Our Service

With the range of benefits of The ADA Group Investment Portfolio Service, including regular reports and online access for clients, we believe you should consider our service for superior portfolio management. We will work with you to establish your specific investment requirements and once determined, we can then build a portfolio around your specific objectives.

Contact ADA Group today to discuss how we can work together: (03) 9877 9806 or email us at info@adagroup.com au.

Self Managed Super

The Self-Managed Super option; the sector now represents a combined asset value in excess of $550 billion.

The reasons for this are numerous, but we find the control is the number one driver:

• control over investment decisions
• control over asset allocation
• control over fees and control over assets.

Many of our clients choose to invest their superannuation in a self-managed super fund (SMSF). The benefits of self-managed super for those with substantial amounts to invest are manifold. Most importantly, it gives control of your investments to you.

Contact ADA Group today to discuss how we can work together: (03) 9877 9806 or email us at info@adagroup.com au.

Succession Planning

To implement a successful succession strategy, you must start planning ahead of time and not just leave it to the last minute.

Many business owners expect the sale of their business to fund their retirement, with over 30% reliant on it as the primary source. Many are concerned about their level of superannuation following the GFC and the volatile markets of recent years.

With so many business owners in weak financial positions looking to sell and a lack of cashed-up buyers in the market, it’s more important than ever to plan your business exit to extract the highest possible value.

Succession Planning is a holistic process to help you align your personal and financial goals with your business performance and value. We help you to identify the current position and value of your business, the price you need for your business sale to meet your personal objectives, and then develop a strategy to help you breach the gap. The process from planning to exit may need five to ten years. Our aim is to have your business adequately prepared, and at peak performance to ensure you get the best return. If you are passing the business on to family members, we help you to put processes in place to make sure the business doesn’t crumble the minute you hang up your keys.

ADA Group can tailor a personalised Business Succession, Exit Planning, Estate Planning & Aged Care Planning.

Contact ADA Group today to discuss how we can work together: (03) 9877 9806 or email us at info@adagroup.com au.

Financial Planning

ADA Group Investment Portfolio has partnered with myProsperity Service is an online portfolio management service designed to record your investment information and to accurately monitor your portfolio and stock performance. Regular reports are generated to inform you and your advisor on the current position of your investment portfolio. Clients who use our service benefit from “state of the art” professional portfolio management.

Personal wealth redefined

myProsperity empowers our clients to make the most of their finances. Powered by live data feeds, the client wealth portal offers everything from cashflow to budgeting, property, tax, and estate planning. You entire financial world in one place.

Budget on the go with the app

Set goals and budgets, then track transactions. Every spend is automatically categorised so you know exactly where your money is going.

Adjust categories to fit your lifestyle and check in regularly with monthly reports. Whatever your ambitions, we’ll help you get there.

Contact ADA Group today to discuss how we can work together: (03) 9877 9806 or email us at info@adagroup.com au.

Management Reporting

Reports can provide financial info that can be used to run your business, plan ahead and make changes when your business is not going as expected

New businesses, growing businesses and smart businesses all need to analyse their financial information closely and regularly to ensure they continue to grow and stay on track to success.

Accurate and reliable management reports are invaluable in helping you to make timely and meaningful management decisions about your business.

Analysing reports assists the understanding of business performance, financial position, trends and elements that affect sales and profitability. Management accounts can also be used to monitor staff performance and KPI’s as required.

Our specialist team can take the numbers and turn them into comprehensive graphs and help you interpret the meanings of these figures and act on them.

Contact ADA Group today to discuss how we can work together: (03) 9877 9806 or email us at info@adagroup.com au.

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General Calculators

Please enjoy the links to these free tools supplied by MoneySmart - a great resource for general financial information. Please get in touch if you would like to discuss any questions that you may have as a result of using these calculators.