Services
Income tax for individuals - We offer a range of Personal Accounting services for individual employees. Our most popular Personal Accounting service is assisting with completing tax returns for individuals. We complete your tax returns accurately and efficiently and helping you to maximize your tax refund by claiming every tax deduction that you are entitled to claim. We understand that tax returns can be complex and there are allowable tax deductions and expense claims that can be made that you may not be aware of. We can help you minimize your payable tax and potentially increase your tax return and make sure your tax return is lodged on time.
Companies, Partnerships, Joint Ventures - As a business owner, it's important to get professional advice from accountants who are experts in the area of Australian business and company taxation. Some of the services we can offer your business include: Accounting and bookkeeping, Accounting software advice and assistance, Business & company tax returns and Taxation – GST & PAYG advice, BAS preparation, Business ‘start up’ advice, Prepare Business plans and financial budgets and review regularly, Measure your performance against industry benchmarks, Trust & company structures.
Trusts - It is quite common for a trust to be established to protect and manage a family’s assets such as property and business interests. Once assets are added to a trust they belong to the trust itself, not the trustee who can be a business or an individual and remain subject to the rules and instructions contained in the Trust Deed.
A Trust is a fiduciary relationship by one party for the benefit of another and is a right in property. The trustee is the one who holds title to the trust property, and the beneficiary is the person who receives the benefits of the Trust.
The Trust deed outlines how the trust operates, require the trustee to undertake formal yearly administrative tasks and if you operate your business as a trust, the trustee is legally responsible for its operations. A trustee of a trust can be a company, providing some asset protection.
All trusts require significant compliance and a Trust Deed. Due to this and ongoing regulatory changes it is recommended that professional help is employed.
SMSF - Being involved in the Self Managed Superannuation Funds (SMSFs) sector mean you are part of the largest and fastest growing segment of the superannuation industry.
However, managing one can be complex and time consuming. Regulations are constantly changing and as wealth accumulates there are issues other than simply investing that need to be considered, issues such as taxation issues.
We can assist you in the process of the Setup of the SMSF. Go to our Financial planning page for further details.
GST & PAYG (Business Activity Statements) -We provide business activity statement (BAS) preparation and lodgment service for all levels and industries ranging from sole traders, businesses, companies and corporate.
Our experienced staff work with you to help you understand how the GST applies to your business. Our BAS experts will explore all options for you and recommend the best option that suits your unique situation as you may or may not require to lodge a business activity statements. If you are a new business owner contact us now to see if you are required to lodge BAS statement.
SMSF Auditing – SMSF trustees must appoint an auditor to audit the SMSF prior to the annual return is due to be lodged and provide you with all relevant documentation to conduct and finalise the audit. An SMSF auditor is responsible for analysing a fund's financial statements and assessing its compliance with superannuation law. They must report any non-compliance issues to all fund trustees and the ATO.
Auditing - There are many reasons why a business or association may need to be audited. These include audits regulated by ASIC, government departments and licensing authorities.
You may wish for your business to be audited to ensure your financials are all correct, up to date and compliant with Australian accounting standards.
We provide Audits for:
Non Profit OrganizationsSporting ClubsSchools & P &C’sTrust Accounts
Advice & Planning – Advice on company tax, personal tax effectiveness or indirect taxation including specialised areas such as Fringe benefits, payroll tax, GST and CGT, our team will identify the best solutions for you.
Financial Accounting - can handle all of your accounting needs. We can produce financial accounts from your documents, either bank statements, spread sheets, cash books or computerized bookkeeping packages.
We can prepare:
profit and lossbalance sheetscash flow statements Business Structures - Do you need help deciding which structure is right for your business? Its important to start out right. Choosing your business structure is an important decision and we can advise you on the best structure for your requirements. There are four main business structures commonly used by small businesses in Australia and we can help with them all.
Sole trader: an individual operating as the sole person legally responsible for all aspects of the business.
Partnership: an association of people or entities running a business together, but not as a company. A partnership is relatively inexpensive to set up and operate.
Company: a legal entity separate from its shareholders.
Trust: an entity that holds property or income for the benefit of others. Trusts require a formal trust deed that outlines how the trust operates, require the trustee to undertake formal yearly administrative tasks and if you operate your business as a trust, the trustee is legally responsible for its operations. A trustee of a trust can be a company, providing some asset protection.
It is important to note that you can change your business structure throughout the life of your business.
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.
We offer this function either using our in-house staff, or we can refer you to a highly experienced bookkeeper. This can help get the job done efficiently by using cloud based products and software shortcuts, leaving you more time to concentrate on your business.
KZC Tax & Accounting Services 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 softwarePerform checks, reconciliations and end of financial year reportsManage your accounts receivable and accounts payableEnsure your business is up to speed with legislative requirements and management reportsUndertake payroll duties and compliancePrepare and lodge BAS statementsPAYG Withholding & Superannuation reportsDirect to bank account transactionsData / ledger entry
Companies, Partnerships, Joint Ventures - As a business owner, it's important to get professional advice from accountants who are experts in the area of Australian business and company taxation. Some of the services we can offer your business include: Accounting and bookkeeping, Accounting software advice and assistance, Business & company tax returns and Taxation – GST & PAYG advice, BAS preparation, Business ‘start up’ advice, Prepare Business plans and financial budgets and review regularly, Measure your performance against industry benchmarks, Trust & company structures.
Trusts - It is quite common for a trust to be established to protect and manage a family’s assets such as property and business interests. Once assets are added to a trust they belong to the trust itself, not the trustee who can be a business or an individual and remain subject to the rules and instructions contained in the Trust Deed.
A Trust is a fiduciary relationship by one party for the benefit of another and is a right in property. The trustee is the one who holds title to the trust property, and the beneficiary is the person who receives the benefits of the Trust.
The Trust deed outlines how the trust operates, require the trustee to undertake formal yearly administrative tasks and if you operate your business as a trust, the trustee is legally responsible for its operations. A trustee of a trust can be a company, providing some asset protection.
All trusts require significant compliance and a Trust Deed. Due to this and ongoing regulatory changes it is recommended that professional help is employed.
SMSF - Being involved in the Self Managed Superannuation Funds (SMSFs) sector mean you are part of the largest and fastest growing segment of the superannuation industry.
However, managing one can be complex and time consuming. Regulations are constantly changing and as wealth accumulates there are issues other than simply investing that need to be considered, issues such as taxation issues.
We can assist you in the process of the Setup of the SMSF. Go to our Financial planning page for further details.
GST & PAYG (Business Activity Statements) -We provide business activity statement (BAS) preparation and lodgment service for all levels and industries ranging from sole traders, businesses, companies and corporate.
Our experienced staff work with you to help you understand how the GST applies to your business. Our BAS experts will explore all options for you and recommend the best option that suits your unique situation as you may or may not require to lodge a business activity statements. If you are a new business owner contact us now to see if you are required to lodge BAS statement.
SMSF Auditing – SMSF trustees must appoint an auditor to audit the SMSF prior to the annual return is due to be lodged and provide you with all relevant documentation to conduct and finalise the audit. An SMSF auditor is responsible for analysing a fund's financial statements and assessing its compliance with superannuation law. They must report any non-compliance issues to all fund trustees and the ATO.
Auditing - There are many reasons why a business or association may need to be audited. These include audits regulated by ASIC, government departments and licensing authorities.
You may wish for your business to be audited to ensure your financials are all correct, up to date and compliant with Australian accounting standards.
We provide Audits for:
Non Profit OrganizationsSporting ClubsSchools & P &C’sTrust Accounts
Advice & Planning – Advice on company tax, personal tax effectiveness or indirect taxation including specialised areas such as Fringe benefits, payroll tax, GST and CGT, our team will identify the best solutions for you.
Financial Accounting - can handle all of your accounting needs. We can produce financial accounts from your documents, either bank statements, spread sheets, cash books or computerized bookkeeping packages.
We can prepare:
profit and lossbalance sheetscash flow statements Business Structures - Do you need help deciding which structure is right for your business? Its important to start out right. Choosing your business structure is an important decision and we can advise you on the best structure for your requirements. There are four main business structures commonly used by small businesses in Australia and we can help with them all.
Sole trader: an individual operating as the sole person legally responsible for all aspects of the business.
Partnership: an association of people or entities running a business together, but not as a company. A partnership is relatively inexpensive to set up and operate.
Company: a legal entity separate from its shareholders.
Trust: an entity that holds property or income for the benefit of others. Trusts require a formal trust deed that outlines how the trust operates, require the trustee to undertake formal yearly administrative tasks and if you operate your business as a trust, the trustee is legally responsible for its operations. A trustee of a trust can be a company, providing some asset protection.
It is important to note that you can change your business structure throughout the life of your business.
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.
We offer this function either using our in-house staff, or we can refer you to a highly experienced bookkeeper. This can help get the job done efficiently by using cloud based products and software shortcuts, leaving you more time to concentrate on your business.
KZC Tax & Accounting Services 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 softwarePerform checks, reconciliations and end of financial year reportsManage your accounts receivable and accounts payableEnsure your business is up to speed with legislative requirements and management reportsUndertake payroll duties and compliancePrepare and lodge BAS statementsPAYG Withholding & Superannuation reportsDirect to bank account transactionsData / ledger entry