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Accounting, Taxation & Financial Services
Taxation Return Preparation and AdviceWe attend to the preparation and lodgement of income tax returns for individuals, partnerships, trusts, companies and self managed superannuation funds (SMSF). MTK Accountants actively assist our clients in meeting their various tax obligations including GST, FBT and payroll tax.
We often receive queries regarding:
Capital gains tax on the sale of investments
Negatively geared investment properties
Salary packaged motor vehicles
Contributing to super and the government co-contribution
Financial and Management AccountingMTK Accountants prepare financial statements on at least an annual basis for all our business clients. These incorporate a profit and loss statement and balance sheet report. These are prepared to meet the ATO reporting requirements and also to assist our clients to understand the financial performance and position of their business.
For a number of our business clients we prepare financial statements on a more frequent basis. These are used for more regular analysis of the performance of their business and also for tax planning purposes. With many of our business clients using MYOB to maintain their financial records, we often help them to improve the quality and accuracy of the standard reports available from MYOB. We also assist them to undertake analysis using Microsoft Excel and also to produce regular management reports.
Business Advice Strategic Planning and DevelopmentAt MTK Accountants, our certified practising accountants have clients all over Australia ranging in size from small sole traders to national companies. They also operate across almost every industry sector.
Through the combined experience of our team members we have access to many years of business experience and resources. This is supplemented through our professional affiliations.
We provide business advice via meetings with various clients on a daily basis and also attend to our clients email and telephone queries. We also provide our clients with more structured advice and planning assistance including:
- Preparing annual financial budget/forecasts using various software. Which allows a robust financial forecast to be prepared based on the assumptions entered. The forecasted result is presented in profit and loss, balance sheet and cashflow form. We receive very positive feedback on these forecasts from stakeholders including banks.
- Preparing business plans and finance proposals for new and existing businesses. Our approach in undertaking these assignments is consultative – we work with our clients to produce a plan or proposal which incorporates their knowledge of the business and industry, supplemented with our financial acumen.
- Preparing strategic plans with our client’s management team. This is normally a staged project where we facilitate a number of planning sessions to discuss where the business would like to be in 3-5 years, the current position of the business, and strategies/actions to achieve the business goals. With the assistance of the client this is then formulated into a strategic plan to guide future activities.
Financial and Risk Management AdviceWe are happy to meet with clients to discuss their financial affairs and risk management matters. We often provide advice on strategies to better manage or improve their financial position. This may be as simple as preparing a household budget or as complex as buying a commercial property through a self managed superannuation fund (SMSF).
Our team also answers client’s telephone and email queries as they arise in matters such as buying a new vehicle, buying or selling investments or employing a new staff member.
Where our clients require advice on specific financial products we refer them to one of our professional affiliates who holds the necessary financial services licence.
Similarly, where our clients require specific risk management advice we refer them to one of our professional affiliates who is able to offer them a full suite of insurance and risk management options and policies.
Business Appraisals and Due DiligencesWe are often asked by our clients to undertake reviews of the financial management practices or business processes of their businesses. We also assist clients in reviewing financial and business information relating to businesses they are interested in purchasing.
Once a client has made an offer to buy a business, MTK Accountants will be engaged to complete a due diligence. This is a detailed analysis of the business and the financial information provided by the vendor. We provide a detailed report summarising our findings and recommendations.
Self Managed Superannuation Fund Accounting and AuditMTK Accountants provides comprehensive self managed superannuation fund tax and accounting services ensuring that your SMSF is fully compliant with current tax and superannuation laws.
The services we provide include:
-Establishment, ongoing data entry and record keeping for your fund
-Preparation of financial statements in addition to the lodging of annual SMSF returns, contribution reports and member statements
-SISA and SISR independent compliance auditing through our affiliates
-Pension calculations including minimum pension amounts through our affiliates
-Ongoing regulation and compliance and documentation procedures
-Preparation and maintenance of your capital gains tax register
-Provisioning of annual minutes and investment reports for your fund
At MTK Accountants we understand that managing a SMSF can be a daunting task so rest easy knowing that your fund will be handled by a professional and reliable team of specialised SMSF accountants.