TAXATION SERVICESS

  • Annual Taxation Compliance

  • Taxation Planning, objections and rulings

  • Taxation Advice – GST, CGT, FBT, Employment Taxes, International Taxation

Meet A Master Tax Planner

Doing the most to pay the least

Tax and taxation compliance can be major costs for many businesses. By having a tax accountant who is up-to-date with the most recent tax regulations and issues, you can be assured that you are maximising your potential refunds and minimising your costs.

Our staff include a range of skills from highly trained efficient tax return processing staff to complete your returns on a timely, accurate and cost effective basis, to high level specialist Tax and Corporate lawyers as well as Chartered and CPA qualified accountants with specialist qualifications and skills in taxation and superannuation.

We provide Taxation services to individuals and to a range of small, medium and large businesses – whether they are structured as sole traders, partnerships, trusts, companies, consolidated entities or a combination of these.

Areas of Taxation services that we cover include:

  • Income Tax planning and return completion
  • Capital gains tax
  • PAYG withholding (tax withheld from wages)
  • PAYG instalments (regular tax instalments paid to the Australian Taxation Office by individuals and businesses which are in addition to tax withheld from salaries and wages)
  • GST (Goods and Services Tax), including the preparation of Business Activity Statements on monthly, quarterly and annual basis
  • Fringe Benefits Tax
  • Payroll tax accounting
  • Land tax
  • Stamp duty
  • Superannuation tax compliance and planning (SMSF)
  • Indirect taxes and rebates
  • International taxation planning and structuring

All individuals (including sole traders), companies, trusts, self managed super funds and partnerships must lodge a taxation return (or notification that a return is not necessary in the event the entity or individual has had no transactions).

For Individuals

For individuals tax returns have never been easier with our  Online Tax Portal. Simply log on to our online portal and answer a few simple questions, and we’ll take care of the rest. This is the easiest and most cost effective online service available in Australia.

VIDEN are registered tax agents, providing quick, low-cost tax return services to individuals.

We can advise you on the best way to maximise your returns – whatever your situation. Everyone is different, with different sources of income, investments and expenses, so we can provide advice on the most effective way to claim what you can and ensure that you are not paying more tax than you need to.

The type of return you lodge will be dependant on the structure you operate your business through and the structure you operate your business through will determine the amount of tax you pay and/or the flexibility you have to make choices for tax planning on an annual basis.

Business returns can include one or more of the following forms of tax returns:

  • Company returns
  • Trust returns
  • Sole trader individual returns
  • Partnership returns

Business may elect to be part of a consolidated group, or may lodge returns for each entity individually.

We are taxation experts. We can prepare all supporting financial documents and statements, to ensure that you are meeting your tax obligations. We will work with you to ensure that your financial records are up-to-date and that you take full advantage of all tax exemptions and opportunities available to you – no matter what your business structure and we will conduct this as cost effectively as possible to not just reduce your tax costs but also your tax compliance and administration costs as well.

Having the right tax advice can save you $$$

Simply, tax is a cost to individuals and businesses alike and as a registered tax accountant, VIDEN can advise you on how best to maximise your returns, or minimise your tax bill. We maintain a team of high level experts within the company as well as utilising specialist consultants if needed, to ensure you receive the highest level of advice and the greatest opportunity to reduce tax costs at all times.

BAS or Business Activity Statement reporting can be a time-consuming task for any business

It is essential that what you report is accurate and does not vary from end of financial year reporting as the ATO often match these two reports to ensure your records are accurate prior to determining who they should audit or review.

We can submit your BAS electronically for you whether it is prepared by your bookkeeper or by you personally or alternatively you can use our low-cost bookkeeping service who will assist you maintain accurate records, not just for management and business decisions but also for planning and reporting requirements.

All BAS lodged by us obtain a tax agents extension of time for lodgement and payment allowing you more time to prepare returns and most importantly, to make better use of GST and PAYG cash withheld to your own benefit – for example you may apply the money’s held against a loan that has a redraw facility, to reduce interest costs.

Our specialist tax staff can also assist with GST queries.

SPECIALISTS

Ben LutherSelf Managed Superannuation & Masters in Taxation (Planning and Structuring), Financial Accounting
Matt RichardsTax Planning and Structuring
Dean RallisonInternational & Australian Taxation
Michele PurvisFinancial Planning and Taxation

5 Simple Tax Tips for Small Businesses

July 25th, 2016|0 Comments

Whether you use a registered tax agent or manage your own tax affairs, here are some tips to help you get it right. Include all your income It is important to make sure that small [...]

ATO Targets Employees Making Suspicious Claims

June 28th, 2016|0 Comments

For the first time, the ATO will be checking people’s deductions in real time as they complete their online tax returns, and is warning taxpayers if they seem unusually high. People shouldn’t avoid claiming work-related [...]

What is Division 7A? A basic explanation.

June 14th, 2016|0 Comments

Operating a business in a company has many advantages, for instance, there’s asset protection and the benefit of the low 30% company tax rate. Business owners need to be aware that whilst their personal efforts [...]

ONLINE TAX PORTAL

  • 13 simple questions

  • quick and simple – complete in minutes not hours

  • take photos of source documentation then upload

  • starting from $66 inc GST

INSTANT ACCESS

Tax is more than just an annual event it is one of the largest costs endured by individuals and companies. By taking a proactive approach to your taxes, business structure and planning accordingly, our staff can provide you with strategic tax planning goals, thus minimising your taxation costs. We believe in structuring today to plan for tomorrow.

Meet a Master Tax Planner

ACCOUNTING SERVICESS

  • Preparation of Financial Statements for Reporting & Non-Reporting Entities

  • Preparation of Bank Purposes and Special Purpose Accounts

  • Bookkeeping and Accounting Outsourcing Services including Intersync

Meet A Master Accountant
The Accounting profession provides a service that extends beyond the completion of taxation returns. Accountants possess skills in a wide range of areas and professional fields and these skills can be applied collectively to assist businesses in their development, growth and survival. At the forefront of all accountants’ skills lies the understanding of the preparation and interpretation of financial accounts and reports.

We deliver a powerful team to ensure the most cost effective and accurate solution to meet your unique requirements. We then combine this knowledge and skill in our investigative teams that will review financial information and provide effective valuable reports back to business owners or other financial account users.

While most SME’s (Small to Medium Enterprises) will produce a simple profit and loss and balance sheet, there are specific guidelines to follow in preparing financial reports, whether they are needed for banks, tax or other purposes.

We provide a team of experts with wide range of skills that can assist all businesses to produce the accounts they need to meet their requirements on a timely and cost effective basis. By applying specialist skills we are able to produce accounts ranging from IFRS level to Special Purpose bank financials quickly and for much lower prices than most accounting firms.

Accurate and reliable management accounts are invaluable in helping you to make timely and meaningful management decisions about your business.

We provide reliable and innovative insights into your business performance by not only preparing these accounts for you or providing advice and guidance on how you can prepare them yourself, but also how to interpret and understand the accounts.

Our specialist team will assist you with developing the appropriate reports for you as well as learning how to interpret them and act on them.

For those times when you require specialist accounting and business advisory services, our team of qualified accountants can assist.

Such areas may include:

  • Forensic accounting
  • Not for Profit accounting or Deductible Gift Recipient application
  • Franchise advice

Each area will have their own specific requirements, accounting treatments and standards, which is why you can rely on us to provide the expertise to ensure that your business is compliant and financial opportunities are maximised.

SPECIALISTS

Eamon LynchCompany Audit, Forensic Accounting, Not for Profit, Grants and Incentives
Amit MishraBookkeeping
Emmeline ChanFinancial Accounting
Ben LutherSelf Managed Superannuation & Masters in Taxation (Planning and Structuring), Financial Accounting

What is Important in a Monthly Closing Process?

June 23rd, 2016|0 Comments

The goal of any organisation should be the ability to produce timely and accurate financial [...]

What is forensic accounting?

February 12th, 2016|0 Comments

General Forensic Accounting is “the specialty practice area of accountancy that describes engagements that result [...]

The delivery of accurate financial reporting for a business can be the difference between survival and failure for many businesses – it is paramount for obtaining loans, completing accurate tax returns, making decisions about future investments and business development as well as meeting reporting obligations to shareholders, members, banks and other bodies.

Meet a Reporting Guru

ADVISORY SERVICESS

  • Business Structuring and Asset Protection

  • Estate Planning

  • Business Recovery and Turn Around

  • Valuations
  • Business eCommerce and IT Services
  • Business Finance (including Balance sheet lending and factoring)
  • Mergers and Acquisitions
  • Grants and Incentives
Meet A Master Advisor
A businesses structure is essential to meet a range of requirements including:

  1. Meeting your taxation minimisation strategies legally and effectively now and in the future;
  2. Protecting business intellectual property;
  3. Ensuring the right structure is presented to clients/customers;
  4. Protecting individuals assets;
  5. Structuring to undertake business internationally;
  6. Utilising the correct structure for compliance purposes (eg Not for Profit organisations and charities).

Did you know that the results of survey of 400 clients from two accounting firms in Brisbane identified that:

60% identified they need assistance with Estate Planning

50% of clients did not have a will

20% have adequate plans in place.

We help create a happy solution for the remaining 80% based on a plan of what you want.

We help you to understand what actually needs to happen and what will need to be done.

It’s a conversation that involves many specialists assisting with these functions including:

  • Business valuations
  • Personal valuations
  • Operating structure
  • Succession planning
  • Financial planning – Super / SMSF / Risk
  • Taxation
  • Finance
  • Accounting
  • Business support
  • Legal
  • Insurance
  • Government

We assist and manage the whole process.

Business Recovery – It’s not too late to turn it around

  • Do you dread going to work every day?
  • Do you stress about opening mail and picking up the phone?
  • Has another invoice arrived that you just can’t pay yet?

We can provide discreet and affordable business recovery services.

We will:

  • Review your finances and cut costs
  • Paying too much tax? We can provide effective tax advice and planning
  • Restructure your business to increase profit and turn your business around
  • Organise finance using our own finance broker and other expert staff
  • Provide regular contact – We’ll work with you and keep you informed throughout the process

We are a local, approachable business who understands what you’re going through.

Scientas est Potestas – Knowledge is power…

Knowing exactly what your business is worth TODAY means knowing what you can do NOW. An accurate and impartial business valuation is the first step in taking your business forward. With this information, you can drive your business forward by:

  • applying for finance with confidence
  • applying the right resources to the right areas of your business
  • structuring your business to maximise profit

We provide robust, transparent and proven business valuation services and believe that until you can see where you are, you can’t see where you’re going.

Searching for a business? Found a business enterprise you are thinking of acquiring? Contemplating merging with a competitor? Navigating your way through an acquisition becomes a simpler and more exciting process with our expert assistance and advice.

Based on our experience, let us ask the key questions and determine the right answers with you.  Are you getting a good deal? Is the business right for you? Can you afford it? Have all avenues for future growth been investigated?

Take the emotion out of the negotiation and work with us to develop the right solution for you.

We will perform due diligence and prepare financial forecasts in line with your goals and objectives. When the time comes we will assist with purchase negotiations and advise on the best avenue for finance to make your business ownership goal a reality.

Buying a business is a significant and complex decision where you can’t afford to make mistakes.  Having an experienced partner alongside will give you peace of mind and confidence in the process.

SPECIALISTS

Eamon LynchCompany Audit, Forensic Accounting, Not for Profit, Grants and Incentives
Ben WhitehouseBusiness Turnaround
Matt RichardsTax Planning and Structuring
Andrew LawProperty and Finance
Chris ScottBusiness Development and Structuring
Steve DobbynBusiness Valuations
Dean RallisonInternational & Australian Taxation
Shantanu BhandaryGrants and Incentives
Steve MitchellEstate Planning
Paul DowlingBusiness Turnaround and Finance
  • negative gearing

Understanding Labor’s Negative Gearing policy

April 19th, 2016|0 Comments

Negative Gearing It simply means borrowing money to buy an asset such as an investment [...]

  • estate planning

Estate Planning – 5 things you MUST consider

March 24th, 2016|0 Comments

Similar to the insurance life policies, paying for estate planning considerations is a strange premise [...]

Estate planning should be easy!

March 14th, 2016|2 Comments

People want to leave their Wealth ( Estate) to their family...this should be easy. The [...]

Did you know that the results of survey of 400 clients from two accounting firms in Brisbane identified that:
60% identified they need assistance with Estate Planning

50% of clients did not have a will

20% have adequate plans in place.

We help create a happy solution for the remaining 80% based on a plan of what you want.

Start the process

SELF-MANAGED SUPER FUND (SMSF) SERVICES

  • SMSF Administration and Compliance

  • SMSF Audit

  • SMSF Borrowing and Gearing

Meet A SMSF Super Hero

Take control of your retirement investments

We specialise in the establishment and compliance of Self Managed Superannuation Funds. We are an independent, specialist Self Managed Super Fund (SMSF) administrator for individual and corporate trustees.

We offer a SMSF packaged administration services including:

  • SMSF Reporting
  • Annual Compliance
  • Regulatory Return
  • Technical assistance with superannuation and pension issues

We also have experts who are a member of the Self Managed Super Fund Professionals Association of Australia and has Specialist Adviser status.

We can complete:

  • Set-up of the Fund
  • Accumulation funds
  • Pension Funds
  • Actuarial Certification
  • Audit
  • Financial Account and Taxation Return Preparation and Lodgement
  • Special Assistance and Advice
  • Tax Planning
  • SMSF Regulatory advice to Trustees considering Borrowing through a SMSF

Although offering significant advantages such as control and flexibility, self managed superannuation funds are not for everyone. There are complex rules associated with superannuation and penalties for breaking these rules can be harsh – up to 50% of the assets of the fund and/or $10,000 per trustee per offence.

We are experienced in providing SMSF services and can assist you in SMSF compliance activities such as:

  • assisting you to understand the rules so that you or your clients are not exposed to unnecessary risk
  • preparing all necessary documentation such as financial accounts, regulatory returns
  • preparing minutes and other associated documentation
  • lodging all necessary documents with the ATO
  • ensuring the fund is audited by a registered auditor

What is it and how can we help?

General Forensic Accounting is “the specialty practice area of accountancy that describes engagements that result from actual or anticipated disputes or litigation”. We have a department dedicated to General Forensic Accounting.

SPECIALISTS

Ben LutherSelf Managed Superannuation & Masters in Taxation (Planning and Structuring), Financial Accounting

All SMSFs Need an Auditor

Did you know that as of July 2013:
SMSF trustees are now required to appoint an approved SMSF Auditor and personally responsible for the compliance of your self-managed super fund?
The SMSF Auditor must be registered with ASIC.
SMSFs audits are required each year at least 45 days before lodging the SMSF annual return even if no contributions or payments are made.
Providing independent audit services, we have qualified SMSF Auditors who have been ASIC approved with an SMSF Audit Number (SAN).

Meet a SMSF Auditor

FINANCE

  • Balance Sheet Lending

  • Business Finance

  • Factoring

Meet a Finance Guru

SPECIALISTS

Andrew LawProperty and Finance
Paul DowlingBusiness Turnaround and Finance
  • Asset Based Lending (ABL) Business Finance

The Asset Based Loan (ABL) as a Working Capital Solution

July 27th, 2016|0 Comments

One of the most important decisions a business owner will make is how to fund their business on a day to day basis. This is equally important from the start up stage right through the [...]

  • business loan

Asset Based Lending (Balance Sheet Loan) vs. Factoring/Debtor Finance

March 22nd, 2016|0 Comments

Asset based lending An Asset Based Loan (ABL) is a loan or line of credit that is secured using company assets as collateral. The collateral used for security often includes accounts receivable, inventory and equity [...]

LOCATIONS

HAVE ANY QUESTIONS?

Ask An Expert

LATEST FROM THE LEARNING CENTRE

The Asset Based Loan (ABL) as a Working Capital Solution

By | July 27th, 2016|Categories: Finance|Tags: |

One of the most important decisions a business owner will make is how to fund their business on a day to day basis. This is equally important from the start up stage right through the [...]

5 Simple Tax Tips for Small Businesses

By | July 25th, 2016|Categories: Taxation|Tags: |

Whether you use a registered tax agent or manage your own tax affairs, here are some tips to help you get it right. Include all your income It is important to make sure that small [...]

ATO Targets Employees Making Suspicious Claims

By | June 28th, 2016|Categories: Taxation|

For the first time, the ATO will be checking people’s deductions in real time as they complete their online tax returns, and is warning taxpayers if they seem unusually high. People shouldn’t avoid claiming work-related [...]

What is Important in a Monthly Closing Process?

By | June 23rd, 2016|Categories: Accounting, General|

The goal of any organisation should be the ability to produce timely and accurate financial statements within a reasonable period of time after the month has ended. The financial statements are critical to management in [...]

What is Division 7A? A basic explanation.

By | June 14th, 2016|Categories: Taxation|

Operating a business in a company has many advantages, for instance, there’s asset protection and the benefit of the low 30% company tax rate. Business owners need to be aware that whilst their personal efforts [...]

SMSF Audit & Trustee Requirements

By | June 6th, 2016|Categories: SMSF|Tags: |