Thorough and personalised advice on all the allowable deductions and tax offsets specific to your industry. Special professional income averaging, tax planning, travel allowances, per diems, LAFHA, grants, art donations, arts business, overseas income, changes in tax residency... and more.
Our experience helps you choose the business structure to maximise your net returns, minimise tax and protect your assets. Registrations and advice for ABN, GST, PAYG, Super, Employees and Contractors. Performance measurement, Cash flow improvement, Tax Planning, and ASIC Compliance. Tax Returns for Sole Traders, Companies, Partnerships and Trusts.
We can recommend suitable software. We can help set up and maintain clients' accounts online in Xero or MYOB, on PC or Mac, with bank feeds. Ask us for regular BAS reminders and referral to trusted cloud accounting bookkeepers and trainers.
Did you know that many creative professionals can average their income over 5 years to access valuable tax rebates in higher income years? New clients often ask us to amend their previous returns because their last accountant wasn’t aware of income averaging. Australian individuals in certain creative fields, known as special professionals, often earn fluctuating levels of income from year to year. To avoid paying too much tax in a year when income is in a higher tax bracket than usual, some can take advantage of income averaging. Income averaging works by reducing the amount of tax owed in a high income year, by comparing it to a lower average income of previous years.
Foreign income and tax residency advice, to avoid double taxation. Doing business overseas. Tax advice for creatives and professionals entering Australia. Skilled immigrants and temp visa holders. Departing Australia – what you need to know before you go! Electra Frost holds a Masters degree in International Taxation and has over 15 years experience with numerous clients experiencing all kinds of foreign income and overseas residency tax scenarios. Many of our clients are based overseas, and we meet with them over video when they need our help. If you have an overseas accountant, we can work with them to ensure that your cross-jurisdictional tax matters are handled
We hold a Limited Australian Financial Services (AFS) License. This means we're authorised by ASIC to provide certain advice to our clients about classes of financial products and SMSF's. 'Independent Financial Advice' means that no commissions, volume based payments, gifts or other benefits are received by the adviser. Independent advice should be free from conflicts of interest. This is one of the key reasons independence matters to us as accountants acting in the best interests of our clients. We will be publishing our Financial Services Guide and providing more information soon.
If your business is operating at the forefront of technology, you need an accountant who is too. Our clients include software developers, web designers, production agencies, gaming, apps, social media, fintech and creative businesses in the digital realm.