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
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.
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!
Monthly Accounting Plans
- Starter
-
For businesses that just want the basics done right.
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- 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
- Custom
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A customised accounting package including ongoing advice & support.
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- 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
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.
Phone us now on (03) 5366 0700 to discuss how we can help.
Latest Accounting News
Record low invoice values ‘reveal inflation sting’
The latest CreditorWatch data shows small businesses are being hardest hit by rising prices and interest...
A 2023 Advent Calendar for our clients
Come back each day and click on the next date for more inspirational and Christmas...
Average refund plummets by $580, total payout down $5.4bn
UPDATED: The end of LMITO and revised WFH rules have taken billions out of refunds, ATO figures...
FBT – Christmas Parties and Taxi Fare/Rideshare
Some employers, who are commendably anxious to protect their employees and clients from the drink/driving...
Annual wage growth surges to 14-year high of 4%
UPDATED: Hardworking Australians deserve higher wages, the Treasurer...
Is My Organisation Exempt From the Spam Act?
Today, data is an important product for all types of...
Employee Christmas Parties and Gifts – Any FBT?
The Christmas break-up party and/or gifts to employees can be exempt from Fringe Benefits if a few rules are...
Australian Taxation Office (ATO) motor vehicle data matching program extended
The ATO has extended its motor vehicles data matching program for 2022–2023 to 2024–2025 financial...
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!
- hello@devennypayne.com.au
- (03) 5366 0700
- (03) 5367 4777
- Office Hours: 9AM to 5PM Monday to Friday
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:
- A review of your current situation
- Recommendations for improvement
- Personalised, one-to-one or group training sessions
- A hands-on approach
- Best practice focus
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
