Accounting & Taxation

• Financial Reporting
• Profit, Cash & Balance Sheet Forecasting
• Income and Payroll Tax Compliance
• Taxation Planning & Advisory including Income tax, GST, Capital gains Tax and International Tax on current performance year to date as well as “new project” reviews
• Management of shareholders loans and various “Division 7A” implications
• Salary packaging to maximise after tax income.
• Budgeting and forecasting – regular performance analysis
• Self Managed Superannuation Fund Administration
• Advice in respect to the most appropriate legal structure to operate your business and its various assets
• Cloud accounting reviews & implementation (ie Xero or MYOB)
• Integration of Xero with numerous “Add-Ons” including:
  • WorkflowMax
  • Clinic to Cloud
  • Square
  • Shopify

Self Managed Superannuation Funds

As a Trustee of a Self Managed Superannuation Fund, your legal responsibilities are vast. Compliance issues pose a huge burden on Trustees and not managed correctly, could potentially risk the Fund’s assets to significant penalties.

We ensure the compliance headaches go away by supporting the fund by providing ongoing administration and reporting, including:

• Management of your superannuation fund’s compliance issues
• Preparation and lodgement of annual taxation return and financial statements
• Maintenance of the superannuation fund register, including minutes of the trustees
• Arranging independent annual audit of the Fund’s financial statements

We do not provide Financial Planning services (nor provide advice on asset selections for your Fund). We believe a Tax Advisor’s role here is to “stress test” advice provided by Planners from a taxation perspective giving you confidence that you have the very best advice from both the product seller and the tax advisor.

We have relationships with many service professionals and would be happy to introduce you to any of our financial planner panel members should you need advice of this nature.

Bookkeeping

Our services represent a cost effective way to ensure your bookkeeping is outsourced to real accountants who get it right first time – every time.

• We prepare all data entry from bank and your receipts
• We maintain your payroll so this sensitive matter can be managed confidentially outside of your business
• Should you wish, you prepare your own bookkeeping and we review the work prior to preparation of BAS
• We operate on all major platforms including Xero and MYOB
• We ensure a smooth transition from one software platform to another
• As certified Xero and MYOB providers, we provide training to give you confidence in managing your bookkeeping yourself
• Management reporting & Budgeting
• BAS lodged with ATO electronically by us.

Strategic Business Advisory

Strategic Business Advice is all about understanding your growth potential and in particular the key drivers of your business to enable future growth. In particular:

• What is your working capital costing you?
• Why do you keep making profits - yet your overdraft gets larger?
• Can your business afford to grow?
• How will you grow your business - organically or through acquisition?

From years of experience advising SME’s and professionals (as well as personal experience growing our own practice!!), we take the time to understand the activities in your business that can be changed now to grow and improve your business in the future.

• Balance Sheet Management
• New Business Start-ups
• Corporate Structuring
• Growth Strategies
• Strategic Planning & Implementation
• Succession Planning
• Corporate Advisory
• Advice to Boards of Directors
• Establishment of Advisory Boards
• Buying & Selling Businesses
• Capital Raising & Restructure
• Private Equity

Banking & Finance

Our banking experience is substantial. We help you sort through the maze of what is banking in Australia, and importantly, become your “private advisor” when negotiating with financial providers – both current and future bankers. You can rest assured, we are your independent advisors... not brokers tied to banks and the commissions they pay.

• Negotiations with banks for reviews of banking facilities
• Monitoring of financial / other covenants banks love to impose on clients
• Business & Commercial Finance
• Start-up Ventures
• Growth Businesses
• Finance Restructure & Consolidations
• Home Loans & Investment Property
• Commercial Property
• Equipment & Motor Vehicle Leasing
• Debtor Finance
• Risk Management
  • Credit & Financial
  • Interest Rate
  • Foreign Exchange
• Private Banking

Our Banking & Finance services assist clients through:

• Banking Relationships – managing ongoing relationships including negotiations that may be required from time to time.
• Structure - solutions are structured to the client's requirements, not the banks
• Independence - we are not aligned to any Bank, therefore our advice covers the products and services of all Australian financial institutions
• Hassle Free - we understand the products, pricing & lending policies of the banks

Company Secretarial

We make the compliance and directors’ responsibilities go away by:

• Acting as Registered Office for your company (ensures any statutory matters are managed through our offices – not yours)
• Maintenance of Company Registers & ASIC Requirements
• Ensuring you meet your obligations as a director
• Statutory filing of Returns
• Assistance with meetings of Directors and Shareholders
• Establishment of Corporate and Trust entities.

Other Professional Services / Networking Opportunities

In order to provide an all encompassing financial, legal and wealth creation offering to our clients, NCS has a network of relationships with some of the most highly skilled and acknowledged professionals in their field.

These networks are in areas where we are either not qualified to advise, or choose not to advise to ensure we maintain credibility and professionalism in providing services to our clients.

We constantly refer clients to our panel (at least 2 or 3 in each area most suited to our client) of leading professionals in their field involving:

• Legal
• Patent & Trade Marks
• Other Intellectual Property
• Audit
• Insolvency
• Financial Planning
• Property
• Insurance
• Human Resources
• IT

Additionally, at NCS we too are in the business of growing our practice, so we are well placed (by experience!) to refer clients to other businesses which we have dealt with and are happy to recommend in fields such as:

• Branding & Graphic Design
• Web Design
• Stationery Printing
• Telecommunication
• Builders, Electricians and other trades

Networking

We also encourage our clients to network amongst each other in order that they can deal with trusted product and service providers, as well as improve their ability to do business outside their usual networks.

To facilitate this, and provide some value add to our clients, we are pleased to showcase on our web site, any of our clients who are happy to have this sort of exposure for their business.

We wish to emphasise, referrals of clients of NCS to our professional partners are not subject to financial commissions or other "rewards" for the referred business. We use these networks because we know and trust the provider and are assured they will do the very best work for our client. In most cases, our professional relationship has been in place for many years.

Additionally, and most importantly to us, we can then act independently on behalf of our client knowing that any potential areas of conflict are being separately and professionally dealt with for the overall benefit of the client.

Succession Planning.

Succession planning is not only the concern of business owners looking to sell their business, it applies to businesses with key personnel crucial to the ongoing viability of that business.

Accordingly, each business needs a plan to cover off the risk of loss of key employees as well as the future sale of the business internally or to external markets.

We assist decision making around numerous issues, in particular:

• Family businesses preparing for the next generation
• What if the next generation is not interested?
• Planning and preparing to sell the business
• Planning to succeed business executives and other key staff

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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.