Personal Accounting

Protecting and enhancing your wealth requires professional and comprehensive management of your personal tax position as well as any business and other entities you have.

A good personal tax strategy goes a long way to maximising the return you get from owning a private business, or earning a good salary, or being a high net worth individual. Even after a few years of work you may be starting to think about safeguarding your family’s future or simply seeking a new perspective and fresh advice.

Regardless of your stage in life we offer a comprehensive approach to planning that will help you take control of your future.

We can help you to:

• Look to ensure you obtain the maximum return from your employment.
• Plan effectively for your retirement and optimise the use of superannuation.
• Develop a succession plan for the transition of your business or personal structures to the next generation.
• Resolve queries or disputes with the Australian Taxation Office.
• Prepare an effective estate plan that ensures the right assets end up in the right hands at the right time.

We will work with you to understand your life objectives and then develop a plan that is will help get you there. Contact us for further discussion or information.

Business Accounting

Straight forward and stress-free accounting services are what businesses of all sizes need form their accountants and we believe we provide exactly that. By providing cutting edge accounting and taxation services, and using the right products for your record keeping, our team at Signorello Partners will work closely with you to ensur we understand your needs. Only in this way can we help you achieve your goals, help you manage your cash flow and help you meet your tax obligations.

While fiscal compliance is of the upmost importance, we also believe in offering professional management advice and support at all times. We are committed to offering the highest level of friendly and professional service and welcome the opportunity to work with you.

The areas we specialise in are as follows:

• Accounting & Tax Consultancy Services
• Personal & Business Tax Returns
• Annual Reporting
• Business and Tax Advisory
• Business ‘start up’ advice
• Prepare Business plans and financial budgets and review these regularly
• Measure your performance against industry benchmarks
• Trust & company structures
• ATO correspondence Management
• Taxation – GST & PAYE advice, BAS preparation
• Liaise with the ATO on your behalf
• Accounting software advice and assistance

Taxation Services

The implementation of effective tax strategies is an integral part of the financial planning process. Structuring the way in which you receive your salary, superannuation contributions, investments, risk and debt management can significantly minimise your tax implications and are an essential component of your wealth creation and retirement strategy.

At Signorello Partners, we want you to accomplish your financial objectives in the most tax-efficient manner as other aspects of your financial plan become easier to implement when your tax liability is minimised.

Our strategies are tested, proven and successful. We offer a broad range of taxation advisory services including:

• Income Tax
• Capital Gains Tax (CGT)
• Superannuation & Transition To Retirement
• Salary Packaging and Fringe Benefits Tax (FBT)
• Land Tax and Stamp Duty

There are numerous tax effective financial planning strategies that may be appropriate for your circumstances and enhance your tax, retirement and wealth objectives. Contact our team to discuss the possibilities.

Self-managed Superannuation Funds

Setting up a Self-Managed Superannuation Fund is a major financial decision. We understand that you’re busy and that the SMSF rules are complicated. We will provide you with an end to end solution giving you access to all the support and expertise you need to ensure your SMSF is well managed and compliant.

A SMSF can have many advantages but, equally, you need to consider the reasons why a SMSF may not suit your needs. We can help you decide if this is the right option for you.

Advantages of a SMSF:

Having control of your retirement savings can lead to a deeper understanding of how your overall wealth is tracking, and gives you more confidence in your investment and lifestyle decisions.

You can have access to a broader range of investments. You can invest in the usual options such as shares, term deposits, managed funds and property but you can also hold alternative assets such as artwork, jewellery, antiques, and wine. There are though, very strict rules on holding the latter assets in your self-managed super fund.

You retain control while still being able to take advice from your advisors.

Beneficial tax planning strategies.

Greater flexibility for accessing Centrelink benefits such as the age pension.

But a SMSF is not for everyone:

If you have set up a self-managed super fund (SMSF), you are in charge and you make the investment decisions for the fund. You must also be aware that you are responsible for complying with superannuation and tax laws, maintaining records, providing financial statements, completing tax returns and organising an annual independent audit.

You also need time and expertise to run your SMSF.

Compliance is very important.

There can be up to 4 Trustees and their thoughts and ideas have to be included.

The ATO offers advice on the responsibilities of having a SMSF.

Signorello Partners offers advice on all SMSF services, including:

• The setting up of a SMSF and all administration tasks such as preparation of your trust deed and the 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.
• Advice regarding Investment in Property
• Appointment of Trustees
• Audit of your SMSF

Bookkeeping Services

Signorello Partners can take over all, or some of your bookkeeping activities allowing you to concentrate on growing your business. We can:

• Design, establish and review accounting systems and software
• Perform checks, reconciliations and end of financial year reports
• Manage your accounts receivable and accounts payable
• Ensure your business is up to speed with legislative requirements and management reports
• Undertake payroll duties and compliance
• Prepare and lodge BAS statements
• GST & PAYE advice
• BAS Lodgement
• GST Reconciliation
• PAYG Withholding & Superannuation reports
• Completing expense reports
• Organising your documents and records
• Data / ledger entry
• Paying bills
• Completing expense reports
• Provide general business administrative support

Company Secretarial Services

Signorello Partners has the experience and understanding of the legal and regulatory framework that applies to business entities and we can help you understand the myriad compliance programs and regulated obligations that affect your business/company. We will make sure your business/company meets all its obligations to ASIC (Australian Securities & Investments Commission), the ATO (Australian Taxation Office) and the Revenue NSW. Compliance is of paramount importance but we also believe that management advice and support is a crucial aspect of corporate accounting.

We can assist with:

• The formation of trusts and new company registrations
• Preparation of annual company statements
• Attending to ASIC returns and regular filings on your behalf
• Any company changes or change of directors
• Business name registrations and maintenance
• Renewal of business name/s and other registrations
• Preparing meeting minutes and drafting resolutions
• Share allotments/transfers/buy-backs
• Unit Trusts and allotment/transfer of units and change of Trustee
• Family Trust set up and change of Trustees
• Provision of registered office services for service of notices