Personal Taxation & Accounting

We believe accounting services should be straight forward and stress-free. By providing cutting edge accounting, taxation and financial solutions, our team at Rubin Partners will work with you to understand your needs and help you achieve your goals. Our approach will make it easier for you to manage your cash flow and meet your tax obligations.

Income Tax Returns can be complex and there are tax deductions and expense claims which are permissible, but of which you may not be aware. We can help you minimise the tax payable, and potentially increase your tax refund, while making sure your tax return is lodged on time.

We understand that Fiscal compliance is of the upmost importance, however, we at Aubrey Paton & Associates also believe in offering additional input regarding management support for all levels of your business and personal situations.

Our expertise includes the following:

• Personal & Business Tax Returns
• Annual Reporting
• Business and Tax Advisory Services
• Management of ATO Correspondence
• Self-Managed Superannuation Funds
• Investment properties - tax and negative gearing
• HELP (higher education loans) debts
• Superannuation
• Estate Returns and Financial Statements
• Business Valuations
• Interim Management Accounts and Reporting
• Testamentary Trusts

Bookkeeping

One of the most important steps in the preparation of financial information is the data entry. It is the vital part of your accounting process, ensuring that your financial information is up to date and accurate.

Our highly experienced team of bookkeepers will get the job done efficiently by using cloud based products and software shortcuts, leaving you more time to concentrate on your business.

Aubrey Paton & Associates 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
• Direct to bank account transactions
• Organising your documents and records
• Data / ledger entry
• Paying bills
• Completing expense reports
• Direct to bank account transactions
• Provide general business administrative support

Business Taxation & Accounting

You concentrate on running your business and let Aubrey Paton & Associate Accountants take care of all your business accounting and taxation requirements. The following list covers many of the areas where we help our clients but we also like to understand what your business is trying to achieve so that our input maximises your outcomes.

• Accounting and bookkeeping
• Accounting software advice and assistance
• Business & company tax returns
• Taxation – GST & PAYG advice, BAS preparation
• Liaise with the ATO on your behalf
• Help understand your WorkCover obligations
• Tax Audit advice & audit insurance
• Superannuation for you and your staff
• Business ‘start up’ advice
• Prepare Business plans and financial budgets and review these regularly
• Measure your performance against industry benchmarks
• Trust & company structures
• Business Insurance.

Business Start Ups

Before commencing a new business, the following are some of the key items that need to be considered:

• Decide on the most suitable structure for your business – sole trader, partnership, trust or company
• Prepare a business plan, cashflow projections, budgets, and trading forecasts
• Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
• Establish a good working relationship with your bank
• Register for a Tax File Number and an Australian Business Number with the ATO
• Complete registration procedures with Australian Securities and Investments Commission
• Deal with company secretarial issues
• Set up a recording system for your internal use and for complying with statutory requirements

Each new business is different and needs to be considered in relation to your individual circumstances and our experience can ensure you are maximising your opportunities.

Superannuation Establishment

In the past 5 years Self Managed Superannuation Funds (SMSFs) have become the new must have tool for anyone looking to self fund their retirement and take advantage of tax minimisation strategies along the way. You are never too young or too old to open a SMSF, but it's not for everyone. However with the latest Federal Government rulings towards retirement ages everyone should be asking if a SMSF is suitable for them.

Unlike other superannuation funds, a SMSF is a great strategy for self funded retirement and tax planning. The fundamental difference between an SMSF and other types of funds is that the trustees of the fund are in full control of what the SMSF invests in (within the limits of the SIS Regulations).

Having super fund specialists provide the right advice you will be able to utilise the tax advantages of contributing, investing and receiving pensions from your SMSF. As the trustee of an SMSF there are several administration, reporting and record keeping obligations, including an end of year tax return and audit, it sounds complicated, but at Aubrey Paton & Associates we handle all the obligations for a SMSF from start to finish.

Succession Planning

One day you will leave the business you started or owned and operated for many years. Your heart and soul is in the business but what is the best way forward after you decide to sell, retire or leave due to health reasons. To make sure your business remains on the path your set for it a succession (or exit) plan is needed for when you leave.

To help ensure your business transitions smoothly to the new owner you need a properly drafted succession plan. Also, by starting this planning process early, you can also help maximise the value of your business.

Aubrey Paton & Associates succession planning process includes:

• Assistance, advise and expertise to ensure your business transition to the next generation or owners is as smooth and trouble free as possible.
• We encourage an early start to this planning as it can help maximise the value of your business and help it to meet your future needs.
• The drafting of a plan to ensure it complies with regulatory requirements.
• Making sure your succession plan is achievable and will set a realistic timetable for you to achieve your plan.

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