We help individuals and small businesses in and around Bacchus Marsh and Melbourne think big – and do big things. Mentoring you to achieve financial freedom, using the latest cloud technology.

About Devenny Payne

About GPL Private

We’re different to your average accountants, bookkeepers and financial planners because we focus on you and how we can help you achieve your goals.

We don’t just do accounting and bookkeeping, we also educate our clients – individuals and business owners alike, about the details that matter. This way, our clients run their businesses more intelligently and make smarter decisions to grow their businesses and their wealth and achieve their goals. We support, guide and enhance SMEs in their day-to-day operations, profitability and efficiency so they get where they want to go.

A big picture approach

What makes us different is that we take a holistic approach to the services we provide, we explain everything in simple terms to make your experience with us a smooth and positive one. It’s also important for us to get to know you so we can tailor our service to meet your expectations and needs.

We care about the here and now, as well as your financial future. That’s why we use cloud accounting software to deliver the kind of efficiencies that transform the financial running of your business – and help achieve a work/life balance that previously seemed a lifetime away. We care about our staff too – about their continued development through training so we collectively excel in our service delivery based on our broad spectrum approach.

Why choose Devenny Payne?

We educate

Use your knowledge to make smarter decisions for growth & wealth creation

We care

Create the opportunities for the very best outcomes in your business & life

We simplify

Untangle financial complexities so your way ahead is crystal clear

We help

Avoid the common traps, so your finances run smoothly

Our Partners

James Devenny (MIPA)

Partner / Director

As a founding partner, James is a big believer in providing all the help he can to his clients, whether it be buying a house, planning for retirement or starting a business.

His approach in business and in life is to challenge the status quo, overcome challenges and make a real difference in the lives of his family, friends and clients.

Krushang Vaidya (MIPA)

Partner / Director

Krushang started at Devenny Payne in 2010, becoming Partner in 2015. His passion is to ‘be there’ for small businesses for the life of their journey. Supporting key decisions and guiding his clients to achieve their business and life goals. In his spare time Krushang enjoys sport and spending time with family. Having a Bachelor of Science (Mathematics) he’s pretty handy with a calculator too!

Our Services

Monthly Accounting Plans

  • Starter
  • For businesses that just want the basics done right.

    • Xero software standard subscription
    • End of year financial accounts
    • End of year business tax returns
    • Quarterly BAS review and lodgement
    • Annual ASIC compliance
    • Workcover remuneration
    • Unlimited phone and email support for basic queries
    • * The price is exclusive of GST
  • From $299* per month
  • Enquire Now
  • Custom
  • A customised accounting package including ongoing advice & support.

    • Everything from ‘The Basics’ plus any of the following:
    • Xero software support
    • Audit insurance and ATO support
    • Annual tax planning and strategy sessions
    • Monthly, quarterly or 6-monthly review meetings
    • Monthly / quarterly business performance reviews
    • Monthly / quarterly management reports
    • Business performance KPI dashboard
  •   POA Price on Agreement
  • Enquire Now
Switching accountants is easier than you think – we’ll manage the transfer on your behalf.
Phone us now on (03) 5366 0700 to discuss how we can help.

Client Resources

Latest Accounting News

ATO reveals small business hit list to combat tax debt

ATO reveals small business hit list to combat tax debt

The Tax Office hopes shedding light on its enforcement priorities will improve taxpayer...

Read More

What are the FBT implications of Employee Christmas Parties and Gifts?

What are the FBT implications of Employee Christmas Parties and Gifts?

The Christmas break-up party and/or gifts to employees can be exempt from Fringe Benefits if a few rules are...

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Assess a business before you buy it

Assess a business before you buy it

Ensure the business you buy is a worthwhile...

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Christmas Parties and Taxi Fare/Rideshare – FBT implications.

Christmas Parties and Taxi Fare/Rideshare – FBT implications.

Some employers, who are commendably anxious to protect their employees and clients from the drink/driving...

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Practitioners cautioned on ATO’s top target areas for GST

Practitioners cautioned on ATO’s top target areas for GST

A tax specialist has outlined three of the major GST areas on the ATO’s radar based on recent...

Read More

ATO to target growing businesses in latest compliance blitz

ATO to target growing businesses in latest compliance blitz

The Tax Office will be contacting medium-sized and emerging businesses over the next month to review trusts...

Read More

Our SG compliance results are here

Our SG compliance results are here

Learn how we've responded to the non-payment of super guarantee (SG) in...

Read More

Top 20 Most Watched Christmas Movies ever - pre covid

Top 20 Most Watched Christmas Movies ever - pre covid

Check out the top 20 Most Watched Christmas Movies ever - pre...

Read More

Contact Us

Get in Touch

Devenny Payne welcomes your enquiry. To book an appointment or simply ask us a question, fill in your details and we'll be in touch soon!

Bacchus Marsh Office
  • 134 Main Street, Bacchus Marsh VIC 3340
  • PO Box 937, Bacchus Marsh, VIC 3340
Melbourne Office
  • Suite 224, St Kilda Road Towers, 1 Queens Road Melbourne, VIC 3004
Social Media

Accounting & Taxation

Your tax affairs are far more to us than compliance work or a tick-box exercise.

We take your personal, business and future goals into account by helping you manage the amount of tax you pay. In short, we look at the whole and structure your finances to help create tax savings and, in turn, wealth wherever possible.

Individual tax

As an individual, we help you protect your family assets and put tax plans in place to boost your investment income.

Business tax

As a business owner, we can help you pay the lowest tax and retain maximum earnings and audit-proof your tax deductions. We demystify the tax system for you and make sure you always know where you stand because we’ll help plan your tax obligations.

These services include:

  • Company Tax Returns
  • Trust Tax Returns
  • SMSF Tax Returns
  • Individual & Sole Trader Tax Returns
  • FBT (Fringe Benefits Tax) Returns
  • Payroll Tax
  • BAS (Business Activity Statements)
  • Estate Returns
  • SMSF Audits
  • Rental Property Depreciation Schedules and Report
  • CGT (Capital Gain Tax) Specialists
  • Preparation of Financials & Tax Returns
  • Management Accounting & Reports
  • PSAR and TPAR Reports
  • Payroll Processing
  • ATO Private Rulings
  • ATO Audit Support and Advice

Contact us today to discuss how we can work together: (03) 5366 0700 or email us at hello@devennypayne.com.au

Self Managed Super Funds

Our Self-Managed Superannuation set-up, administration and advice will help you understand your obligations and responsibilities, manage it, control it and keep it running as it should.

We’ll start by looking at the whole picture, taking into account your business strategy, tax planning and retirement needs. Our integrated, holistic approach focuses on getting to know you, your business and your goals to ensure you get what’s needed now to give you the best return for a healthy financial future.

Our SMSF team know all there is to know about cutting through – and keeping up with – the complex world of SMSFs. They’ll also tell you all you need to know to run your SMSF effectively to guarantee the best outcome.

This includes:

  • SMSF Audit
  • Planning and Advice
  • Purchase, Establishment and Setup
  • Tax Returns
  • Annual Financial Statements

Contact us today to discuss how we can work together: (03) 5366 0700 or email us at hello@devennypayne.com.au

Business Advisory

We’ll identify and take advantage of every potential opportunity to help you grow your business and achieve your goals, while getting your work/life balance on track.

We’ll explain the advice we give to ensure you understand the background and context, as well as the potential. All the advice we give is designed to support, guide and enhance your overall business activities and day-to-day operations, profitability and efficiency so you can achieve your personal goals.

We’ll always be respectful of the fact that you’re great at your business/trade or occupation. We’re here to give you operational, financial and strategic guidance so you can continue to be successful.

We’ll help you understand where your business – big or small – is now and where it could be in the future. We will then work with you to generate and implement a realistic growth plan. We love the challenge that comes with making a difference to the business and financial lives of our clients.

We’ll identify your business’s KPI’s and ensure your business is as competitive and profitable as it can be. We will then work with you to develop and implement the strategies needed to maximise business opportunities, minimise tax, and maximise profits.

Our overall aim is to help you achieve greater freedom, greater wealth and more life choices.

Devenny Payne offers the following business advisory services:

  • Business Structures and Set up Advice
  • Capital Gain Tax Advice
  • Small Business Rollover Tax Relief
  • Business Valuation
  • Cash Flows & Budgets
  • Business Internal Processing Workshop
  • IT & Software Advice
  • Research & Development Grants (R&D)
  • Tax Planning & Strategy
  • Management Accounting & Reporting
  • Salary Sacrifice Advice
  • Due Diligence and Business Buy/Sell Negotiation
  • Section 52 Preparation
  • Finance & Accounting System Process Advice
  • KPI Dashboard
  • ESIC Grants

Contact us today to discuss how we can work together: (03) 5366 0700 or email us at hello@devennypayne.com.au

Cloud Accounting

Discover a smarter and faster way of working using Xero cloud accounting software. We’ll show you how to transform the financial running of your business.

We take a mentored approach with our Cloud Consulting services, as we do for all our services, and everything is tailored to your needs and ongoing support.

Our Cloud Consulting/training includes:

You’ll quickly discover how Xero’s real-time working gives you all the information you need, anytime, anywhere so you have a snapshot of where your business is at financially leaving you with the right knowledge to make the right business decisions.

Xero also gives your business the time needed to work on what it does best, client satisfaction. Xero has the added flexibility of allowing add-ons to help your efficiency and effectiveness, add-ons such as Receipt Bank, Fathom, Debtor Daddy and Capsule to tailor Xero to your business at an even greater level.

Our cloud accounting services range from:

  • Software Review & Advice
  • Software Implementation
  • STP Implementation
  • Bookkeeping and Training
  • Xero Set up and Training
  • Xero STP (Single Touch Payroll) Training
  • Xero Add-Ons Advice & Implementation
  • MYOB, QuickBooks & Reckon to Xero Conversion

Contact us today to discuss how we can work together: (03) 5366 0700 or email us at hello@devennypayne.com.au

Wealth Accumulation

Maximise yours and your family’s chances of a healthy and wealthy future – whether you’re an individual or business owner of a small or medium company.

We take a broad spectrum approach to our services but our focus is on helping you achieve your goals and create wealth to secure your financial future.

Taxation – We look at the whole and structure your finances to help create tax savings and, in turn, wealth wherever possible. Why pay extra tax, if you don’t need to?

SMSF – Our integrated approach focuses on getting to know you and your business to ensure you get what’s needed now to give you the best return for a healthy financial future.

Business Advisory – We work to make a difference to the business and financial aspects of your life to achieve greater opportunities in your personal life through greater freedom, greater wealth and more life choices.

Cloud Consulting – Cloud accounting software gives you your financial information at your fingertips putting you in the best position to make the right business decisions to grow your company. It also frees you up to focus your attention on the parts of the business you like best.

Business Establishment & Setup – Get your business set up right the first time. We’ll help you choose the right business structure that works hardest to create wealth for you.

We help our clients achieve a healthy and financially secure future by working closely with our financial planning partners.

Contact us today to discuss how we can work together: (03) 5366 0700 or email us at hello@devennypayne.com.au

Business Establishment

Give your new business the best start possible by getting it set up right the first time. We’ll help you choose the best business structure that works hardest to create wealth for you.

We start by looking at the big picture – your situation, you, your goals and ambitions to discover what drives you, then we’ll recommend the most appropriate business structure that will give you the best results.

Whether you’re new to business, upgrading or transitioning an existing business to a new structure, we’ll get your business registered, set up your business name, ABN, GST, PAYG and ASIC corporate key. Don’t feel overwhelmed by the process, we are here to help and support you.

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.

  • Company Set up
  • ASIC Compliance and Business Name Registration
  • Family Trust Set up
  • Unit Trust Set up
  • Corporate Trustee Set up
  • SMSF Set up
  • Special purpose SMSF Trustee Company Set Up
  • Corporate Tree Preparation
  • Structure Advice
  • Workcover Registration and Remunerations
  • ABN & TFN Application/Cancellation
  • PAYG and GST Registrations/Deregistration
  • STP (Single Touch Payroll) Set up
  • Auto Super Clearing Account Set up

Contact us today to discuss how we can work together: (03) 5366 0700 or email us at hello@devennypayne.com.au

Tax Planning

Imagine what you could do with tax saved?

Click on the links below for strategies you can use to minimise your business or individual tax

Business Partners

To further strengthen our broad spectrum approach to our services, we partner with well-respected professionals in their industries to provide the following:

Contact us today to discuss how we can work together: (03) 5366 0700 or email us at hello@devennypayne.com.au

Secure File Transfer

Secure File Transfer is a facility that allows the safe and secure exchange of confidential files or documents between you and us.

Email is very convenient in our business world, there is no doubting that. However email messages and attachments can be intercepted by third parties, putting your privacy and identity at risk if used to send confidential files or documents. Secure File Transfer eliminates this risk.

Login to Secure File Transfer, or contact us if you require a username and password.

General Calculators

Checklists & Useful Links

Checklists

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Tax Diary