Tax and Accounting

This is a note to say Thankyou for your advice and guidance with regard to the preparation and submission of my income tax return. With your assistance, an onerous task was made possible. Thank you for your helpful tone and encouragement in telephone conversations.

Thank you Adele!

DFK Gray Perry are fabulous! They are a team of multi-skilled people who listen and understand your business. They can speak to you in plain language, are supportive and really get to know you on a personal level. Michael is great in strategy, Sam too. They gave us the confidence to make big decisions for our business and our family.

Ellen Wundersitz
Managing Director, Spacecraft
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Taxation law is complex and constantly changing. With the benefit of our specialised experience and reputation we aim to provide clients with leading edge advice in all areas of taxation. We have over 60 years of experience in working with clients in South Australia and Australia wide.

In addition, our Accounting Services are designed to assist our small to medium sized business clients to manage their business by accurately measuring past performance, assisting in development of future goals and development of efficient systems and processes. We encourage our clients to embrace cloud computing solutions.

Taxation and Compliance

Income Tax Return Planning and Preparation

We can assist with the preparation of your annual tax obligation for individuals, partnerships, trusts, company’s and SMSF. Tax planning is a critical aspect of your business and we work closely with our clients prior to June 30th to achieve the best possible outcomes.

Goods & Services Tax (GST)

We can review your accounting systems to ensure full compliance with your GST responsibilities. We can also assist with your BAS reporting obligation and PAYG, as well as Fuel tax credits & WET.

Capital Gains Tax

CGT is a complex area and requires careful planning. We can advise on the purchase and disposal of property, buying and selling a business, or establishing a business structure. There have been many recent changes in legislation that can assist small businesses to restructure their tax affairs for asset protection and future growth.

Fringe Benefits Tax (FBT)

We can advise on salary packaging opportunities to reward your staff. We also help you comply with your FBT obligations, and review and assess your FBT system to identify potential savings.

International Tax

In addition to servicing domestic tax requirement of our clients, our membership of DFK International means we can assist in managing international tax obligation. With experts in more than 95 countries, we can cover multiple tax jurisdictions. Tax authorities around the world are increasingly expanding the tax net, so if you are doing business internationally you need to be ensure you comply with all jurisdictions you operate in.

Accounting

Preparation of both ‘General Purpose’ and ‘Special Purpose’ Financial Statements

We prepare full financial statements for general purpose reporting entities, as well as special purpose financial reports in accordance with the Corporations Act and Australian Accounting Standards. We also assist foreign owned subsidiary companies based in Australia to comply with their reporting obligations to their parent company.

Monthly or quarterly Management-style reporting with KPI and industry benchmarking

We assist owners in their decision making by preparing Management-style reports on a monthly or quarterly basis. These reports include detailed analysis of key performance indicators and graphic style presentations that assist owners better understand their financial performance. This can be presented in a face-to-face meeting, and helps identify potential problems and/or strengths in a non-threatening and educational environment.

Budgeting and Cash Flow Management

Cash flow is the single most important factor in a business survival and long-term growth. By planning ahead and through close review of monthly cash generation you can feel in control of business performance. We can assist in creating the tools and processes needed to achieve your cash flow goals.

Systems, procedures and quality control

You need to document internal procedures and controls to ensure everyone in your business is accountable. We can assist in developing these internal systems and controls to achieve high-quality output.

Credit Control

This works hand-in-hand with Cash Flow Budgeting, and ensures minimum working capital requirements and maximising conversion of sales onto cash.

Inventory Control

Stock turnover is a critical measurement of your efficiency, so you need effective control of inventory to avoid waste, fraud and improve output.

Corporate Secretarial Services

We can maintain your Corporate Register to meet your statutory obligations with ASIC, as well as attending to minutes and change of officers and members.

Taxation Team

Partner

CA, BEc, DipCM, CPMgr, FAIM, JP

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We are pleased to supply you with the latest edition of Client Alert, which contains information on a number of important taxation developments up to and including 23 September 2024. Tax consequences of sharing your hom