The rate is currently 9.25% of ordinary earnings, but the rate will go up to 9.5% from 1 July 2014 and will continue to rise till it reaches 12% in 2018.
Our core purpose is to ensure you achieve sustainable wealth with minimum stress. That’s it. We base all our work, relationships and plans around that purpose. And with over 20 years’ experience working as a CFO in large corporations, as well at management level in public practice, Mark is able to deliver.
We do tax return & financial statements for everyone and every entity. We tend to specialise in tax work for individuals, and also for small-to-medium businesses. Accordingly, we are priced to meet that market, and so our fees will not seem like they are aimed at large and highly profitable businesses. We’ll cater our prices and work to your needs.
That is a very hard question to answer without understanding your circumstances and activities in better detail. However as a “very rough” gauge, the average personal tax return will cost $150, and the average business return & financials will cost $1,200.
We prefer to establish with you a monthly payment plan so that your fees are not an annual lump sum, which isn’t ideal for cash flow management.
Bookkeeping is the foundation of accounting information, and needs to be done accurately. It also needs to be done regularly so you know your business numbers. That helps you make decisions properly. If you allow us to take care of your bookkeeping you will have reliable information, and also your tax preparation fees are reduced because we know the information is accurate.
Once businesses get large enough, they employ an internal accountant that acts as the business owner or general manager’s go-to person. That accountant will be called the financial controller or Chief Financial Officer in big companies. They are able to provide strategic advice and put in place analysis tools so that decisions in the business are based on very concrete facts. So from us, you can get those services on an “as-needed” basis. We can provide advices, analysis and reporting which can bring you piece of mind and incredible success.
The review includes a review of your current operations, structure, asset protection measures and your tax minimisation strategies. To complete that review, we normally need your most recent completed tax work, and current year-to-date profit & loss estimates. Based on that information and some other Q&A between us, we then let you know whether there are opportunities to improve your operations, asset protection & tax liabilities.
The general rule of thumb is that you have to pay super for an employee if they’re 18 years or over and you pay them $450 or more (before tax) in salary or wages in a month. It doesn’t matter whether the employee is full time, part time or casual.