Business Services

Business Planning & Advice

We can offer advice and assist in determining the most suitable structure for your business:

• Sole Trader
• Partnership
• Family Trust
• Company

We can arrange applications for a multitude of different registrations through various Government Agencies including:

• Australian Taxation Office
• Australian Securities and Investments Commission
• Australian Business Name Registry
• Revenue SA (or interstate alternative)
• Return to Work SA (or interstate alternative)

Financial Planning

Financial planning involves developing comprehensive, effective strategies to improve your financial security and ensure your financial goals can be met. These strategies can provide a separate source of income to your business or employment income.

Mott Finnis Wealth Management operates under licence to Edwards Marshall Advisory Pty Ltd. Having an association with Edwards Marshall will allow our authorised representative, Michael Parker, to provide financial investment advice and portfolio management covering many financial products.

The qualified, experienced team of Mott Finnis Wealth Management can discuss your financial options with you and provide a three-stage service in financial planning that includes:

• Initial financial advice
• Implementation of a financial plan
• Ongoing investment portfolio management

A variety of investment options are available, including term deposits, bonds, Australian and international listed shares and managed investment funds, to name but a few.

Payroll Services

Administering your payroll can be time-consuming and divert you from your core business activities. Additionally, payroll and employment legislation are becoming increasingly complex.

We can relieve you of this burden by providing a comprehensive, confidential payroll service that includes:

• Payroll Processing
• Super Stream and Super guarantee compliance
• Work cover and Payroll tax reconciliation
• PAYG Summary preparation and lodgement
• Single Touch Payroll
• STP Finalisation

Our team is familiar with all major client payroll software and are willing to offer assistance as required.

Budget and Management Reporting

Budget and Planning is essential to ensure the longevity of your business. Budget and management reporting is a key component of tracking cash flow, finance applications, forecasting and valuing your business.

We can provide:

• Tax Planning
• Budgeting covering monthly, quarterly or yearly periods
• Business Proposals
  

Corporate Compliance

We will work to ensure that your business is compliant with all corporate legislation,  relating to ASIC and other regulatory bodies. As a registered ASIC agent we can manage our clients companies online as well as providing a registered office facility. In doing so we are able to manage the following on your behalf:

• Lodgement of ASIC documents
• Administration of Annual ASIC reporting requirements



Bookkeeping

Modern business requires up-to-date, accurate financial information. We can assist in the setup and maintenance of your accounting file.

We can manage software subscriptions for:

• Xero
• MYOB
• Quickbooks

Our team is familiar with all major client software and are happy to be contacted for software and data entry assistance.

Succession Planning

To ensure the long-term success of your business it is critical to establish a well-designed succession or exit plan. Coordinating the transition of your business to your successors can seem to be overwhelming:

Decisions to be made include:

• is there a family member to take over the business?
• is your business in condition to sell it?
• how are your assets to be transferred?
• how will you fund your future lifestyle or retirement?
• are there barriers to exiting your business?

Further consideration needs to be given when a business is owned and operated with others, whether with family members or non-related parties.

Our team can assist in identifying strategies and developing action plans that will allow you to expand or leave your business minimising the financial stress and avoiding disputes between business members and families.

SMSF Administration

There are several trust laws and legislative requirements for setting up a self-managed superannuation fund (SMSF). Typically you need to:

• Obtain a trust deed
• Appoint trustees
• Sign a trustee declaration (NAT 71089)
• Elect to become a regulated fund
• Obtain a tax file number (TFN)
• Obtain an Australian business number (ABN)

If you are interested in establishing an SMSF, please contact us.

We also offer the following services once the fund has been established:

• Preparation of Financial statements and Income Tax returns
• Arrangement of audit
• Advice regarding tax benefits and strategies, withdrawal amounts, contributions and compliance