Suite 3, Level 4, 1 Bowes Place Phillip ACT 2606 PO BOX 486, Woden ACT 2606
info@staxadvisory.com.au
02 6210 9802

Our Services

 

Accounting and Bookkeeping

Accounting & Bookkeeping Services
Elevate your financial management with our specialised accounting and bookkeeping services, designed to complement our tax advisory expertise:
Accounting: We offer the transparency you need to improve your accounting strategy and make well-informed decisions, from financial statements to comprehensive reports.

  • General Ledger Supervision
  • End-of-Year Financial Statements with Review Analysis
  • Tailored Financial Reports for Executive Decision-Making
  • Periodic Financial Updates and Reviews
  • Personal Financial Statements for Business Owners
  • Financial Projections and Strategic Forecasting
  • Complete Payroll Services and Regulatory Compliance
  • Accounting System Setup and Comprehensive Training
  • Account Reconciliation and Accuracy Verification
  • Fixed Asset Management and Reporting

Compliances: With our extensive compliance services, you can keep ahead of regulatory requirements. We handle everything from tax compliance to industry-specific regulations, ensuring your business meets all necessary standards and avoids potential pitfalls.

  • Superannuation Contributions Management
  • Workers Compensation Compliance
  • ASIC Regulatory Compliance
  • Insurance Policy Adherence
  • Share Transfer Processing
  • Company Statutory Register Maintenance
  • Public Officer and Company Secretary Appointments

Bookkeeping: STA’s meticulous bookkeeping services keep your financial transactions organised and transparent. We maintain thorough records, handle accounts payable and receivable, reconcile statements, and give you a solid basis for financial analysis and tax planning.

  • Day-to-Day Bookkeeping Assistance
  • On-Site and Cloud Accounting Training for Your Team
  • Expert assist for BankLink, MYOB Saasu, Xero, and QuickBooks.
  • Hands-on Training for Efficient Record-Keeping
  • Comprehensive Help with Accounting Software Applications

To maximise your tax results and manage your financial operations, integrate our tax advising services with our experience in accounting and bookkeeping. Contact us today to discover how we can support your tax and financial objectives.

Starting a New Business

Selecting the type of business entity, such as sole proprietorship, partnership, trust, or limited liability company, is a critical decision that can have long-term tax consequences, whether positive or negative. Questions related to important matters like company formation, accounting systems, tax law compliance, and payroll can be overwhelming for many individuals. That's why we have created a fully customisable, step-by-step start-up process designed to guide new business owners through the entire process, ensuring that you start your business off on the right foot.

Tax Returns and Tax Planning

Navigating the complexities of tax returns can be challenging, but with the skilled staff of Strive Tax Advisory by your side, the process becomes smooth and simple. We offer a full tax return solution tailored to your personal financial circumstances, ensuring fast and accurate filing. Our comprehensive approach aims to maximise your tax savings while fully complying with all requirements. Trust STA to handle your tax returns with the utmost precision and expertise, allowing you to focus on more important things.

Tax Planning

Tax planning can often seem complex and confusing. At Strive Tax Advisory, we break it down into straightforward strategies you can easily understand and apply. Here are the fundamental tax-cutting techniques:

Income Splitting: By distributing income among family members or different legal entities, you can get more of the income taxed in lower brackets.
Income Shifting: You may maximise how and when your income is taxed by shifting money from one year to the next and taking advantage of reduced tax rates.
Deduction Shifting: You can optimise your tax benefits by carefully timing your deductions. By alternating the years, you can ensure that deductions are taken when they are most advantageous.
Tax Deferral: Certain investments and pension plan contributions allow you to defer tax liability, postponing taxes to a future date when you might be in a lower tax bracket.
Tax-Exempt Investments: You may receive further tax relief by lowering your taxable income by investing in options offering additional tax relief.

Our goal is to make tax preparation simple and effective, allowing you to manage your finances and lower your tax payments effectively.

Tax Returns
Navigating today’s complex tax laws can be challenging. If your financial situation isn't straightforward, you will likely benefit from professional tax assistance. There are numerous deductions and credits available, so it's easy to overlook valuable opportunities if you handle your tax return on your own. Even the most advanced computer software cannot replace the expertise of a seasoned tax professional.

What We Offer:

Expert Preparation: With years of experience filing hundreds of tax returns a year, we are aware of the criteria to meet in order to guarantee an accurate return that maximises your benefits.
Support Throughout the Year: Our assistance isn't limited to tax season. As our client, you may ask our professionals any queries you may have directly throughout the year.
Tax Law Monitoring: We stay updated on modifications to the tax laws that may impact you and recommend tax-saving tips. We make sure you're always informed and taking advantage of tax-saving options with our proactive approach.
Advocacy and Representation: We handle all aspects of your tax returns and act as your advocate in all tax matters. If you're contacted by the ATO or any government agency, reach out to us first; we will handle the situation on your behalf.
Customised Payment Solutions: We help you efficiently manage your cash flow and set up ATO payments. We also assist in paying any interest or fines levied by the ATO.

Our Services Include:

  • Business Tax Returns
  • Individual Tax Returns
  • Rental Properties
  • Capital Gains
  • Company Tax Returns
  • Partnership Tax Returns
  • Trust Tax Returns
  • Self-Managed Super Fund Tax Returns
  • Business Activity Statement Preparation
  • Instalment Activity Statement Preparation
  • FBT, Payroll Tax, and Other Taxes
  • PAYG Variation Form for Negative Gearing
  • Deferral Scheme Application for Imports

At Strive Tax Advisory, we specialise in streamlining tax returns to ensure that you gain the utmost advantage from your tax situation. Please do not hesitate to get in touch with us today to explore how our proficiency can be of benefit to you.

Business Consulting

In today's cutthroat environment, success depends on having a sound plan and professional assistance. At Strive Tax Advisory, we offer thorough business consulting services that are intended to support you in overcoming obstacles, grabbing hold of opportunities, and accomplishing your goals. With a focus on improving performance and accomplishing strategic objectives, our consulting services provide knowledgeable guidance on important business challenges. Our approach is personalised to match your individual goals, and we give tailored solutions in areas including financial management, operational efficiency, and strategic planning.

Our experienced consultants work closely with you to pinpoint opportunities for development and progress, utilising innovative approaches and industry best practises to keep you one step ahead of the competition. Our commitment is to assist you in adjusting to changing market circumstances and promoting continued success. Strive Tax Advisory can help with strategic advice and practical insights whether you need to establish a proactive company plan, maximise financial performance, or reduce operations.

  • Accounting Strategy Assessment
  • Cost Capitalisation and Expense Review
  • Capital Gains and Losses Optimisation
  • Research and Development Expense Planning
  • Debt Management and Amortisation
  • Business Acquisition and Exit Planning
  • Asset Purchase and Disposal Guidance
  • Employee vs. Contractor Evaluation
  • Business Partnership Agreement Development
  • Financial Forecasting and Budgeting
  • Acquisition vs. Leasing Analysis
  • Long-Term Strategic Planning
  • Financing Application Support
  • Bank and Financial Partner Relations
  • Business Contract and Documentation Review

Self-Managed Super Fund

We specialise in delivering comprehensive SMSF audit, management, and compliance services that ensure your Self Managed Super Fund (SMSF) runs smoothly and stays in line with legal requirements. STA’s approach is intended to improve your SMSF strategic direction and performance.

SMSF Audit
Our SMSF audit services offer thorough, independent evaluations of your fund’s operations and financial statements. We use advanced technology and electronic auditing practises to deliver precise, timely results. This approach not only ensures accuracy but also helps identify potential issues or areas for improvement. Our commitment to high-quality audits and staying updated with regulatory changes ensures that your SMSF complies with all current laws and regulations. This rigorous process supports the integrity of your fund and contributes to achieving your broader financial objectives.

SMSF Management and Compliance
Our comprehensive SMSF management and compliance services are designed to ensure your fund’s optimal performance and adherence to regulations. Our SMSF services include:

  • Establishment of SMSFs
  • Full pension management
  • Automated accounting of corporate actions
  • Comprehensive investment reports
  • Accurate capital gains tax calculations
  • Annual member statements
  • Limited recourse borrowing management
  • Commissioning of annual independent audit reports
  • Actuarial certificates (where necessary)
  • Lodgment of income tax and regulatory returns
  • Preparation of annual financial statements
  • Expert SMSF technical advice

We provide detailed investment reports and manage full pension arrangements, ensuring that all corporate actions are accurately accounted for. Our team handles capital gains tax calculations and prepares annual member statements with precision. We also manage limited recourse borrowing and ensure that all regulatory returns and annual financial statements are accurately lodged. Additionally, our expert technical advice helps you navigate complex SMSF matters effectively.
By integrating these services, our company ensures your SMSF is well-managed, compliant, and positioned for long-term success. Trust us to provide exceptional support and strategic guidance for all your SMSF needs.

Outsourcing

We understand that managing the complexities of accounting and administrative activities may be quite stressful for your company. That is why we provide comprehensive outsourcing solutions to streamline your operations and increase your productivity.

You may delegate management, operations, and administrative obligations to us as we seamlessly integrate end-to-end accounting services. With this change, you can concentrate on what counts: accelerating development and fortifying your essential company operations.

As a business leader, we think you should use your time and efforts on strategic planning, improving sales, increasing profitability, and navigating competitive landscapes. Leave the administrative work to us so you may focus on accomplishing your company's objectives.

Accounts Receivable: Efficient management of customer contracts, credit approvals, invoicing, collections, and debtor management.
Accounts Payable: Optimisation of payment processes, improved vendor relations, accurate purchasing, and workflow control.
Payroll Management: Comprehensive handling of employee payments, leave tracking, contract management, compliance, and reporting.
Administrative Functions: Management of insurance policies, data backups, document organisation, and investment services.

CFO Services

Even though smaller and newer organisations might not have enough work to justify a full-time CFO, they can still gain substantial value from CFO expertise. In fact, the early stages of launching a firm often present the greatest need for strategic financial guidance.

Our CFO services:

Track Key Metrics: Consistently track and assess key business metrics and trends. This entails gathering and assessing data to assess performance and identify areas for improvement.
Implement Preventative Measures: Take proactive steps to resolve problems before they worsen. Create and implement comprehensive processes, predictions, and plans of action to mitigate risks and capitalise on opportunities.
Optimise Cash Flow: Establish strong cash flow management procedures to avoid shortages and minimise emergency loan requirements. Implement strategies to guarantee a consistent and dependable financial flow.
Profitability Analysis: Continuously assess profitability about targets. Ensure correct performance and adherence to legal and regulatory requirements are reflected in financial reports.
Strategic Guidance: Work closely with you, offering strategic insights and advice. Act as a trusted advisor to help navigate complex decisions and shape long-term business strategies.