Climax Business Strategies is a specialised accounting firm providing strategic advice to directors, managers and shareholders of businesses in Australia. We provide advice to all sizes of businesses in all industries and locations around Australia.
Properly prepared financial statements provide a true and fair view of the financial performance and position of a business. The onus is on the directors or trustees to ensure that the financial statements are accurate and are not misleading. It’s important to use an experienced accountant that you can trust to prepare your financial statements because the consequences of getting them wrong can be devastating for you and your business. Climax Business Strategies specialises in working with our clients and their bookkeepers to prepare accurate financial statements that comply with all of the relevant legal and ethical requirements. We always educate our clients so they can make informed decisions where the law requires them to do so. Contact us today for a free confidential consultation to discuss your options.
Business Income Tax Returns
Preparing a business income tax return is a science, not an art and you should only trust an experienced registered tax agent that specialises in business affairs to prepare your tax returns. The onus is on the directors or trustees to get it right and lodged on time, not the tax agent in most cases, so it’s not somewhere you should cut corners. Despite what your bookkeeper might tell you, an accountant doesn’t just fill in the blanks on the tax return form. A good accountant will summarise your information and ensure it is reported correctly at the right labels in the tax return. A great accountant will analyse and investigate your information to suggest ways to minimise your taxes and take advantage of the numerous tax breaks available for all businesses, large and small. At Climax Business Strategies we work with our clients to minimise tax and meet all of the various lodgement deadlines in an efficient and effective manner. Contact us today for a free confidential consultation to discuss your options.
Individual Income Tax Returns
Climax Business Strategies specialises in working with our clients to make use of all of the available deductions, rebates and tax offsets available for individual taxpayers. We are experts working with business owners, investors, retirees and high-wealth individuals to meet all of the complex lodgement obligations and get the best tax outcomes. Go to our resources page for the transcript of our Managing Director, Trevor Monaghan being interviewed on radio about strategies to reduce taxes for individuals. Contact us today for a free confidential consultation to discuss your options.
Fringe Benefits Tax Returns and Salary Packaging
Fringe Benefits Tax (FBT) generally applies to benefits given to employees (including working owners) that are not in the form of wages or allowances. It is mandatory for every business that employees staff to review their FBT exposure each year. There are numerous complex exemptions and concessions from FBT that are worthwhile pursuing and often these coincide with implementing an effective salary packaging arrangement. Climax Business Strategies specialises in working with our clients to minimise their FBT liability and comply with the vast amount of lodgements and declarations required to comply with the law. Contact us today for a free confidential consultation to discuss your options.
We’re not going to say that Payroll Tax is the most insidious and least logical tax in existence, because that would just be stating the obvious. What we will say is that there are severe penalties in place in all states for getting it wrong or not lodging at all. Climax Business Strategies specialises in working with our clients to calculate their payroll tax liabilities and to take advantage of the exemptions and concessions available. Contact us today for a free confidential consultation to discuss your options.
Self-Managed Superannuation Fund Compliance
Superannuation can often be the most tax-effective vehicle to hold your investments and build your wealth. A self-managed superannuation fund is exactly as the name suggests and each year you need to have financial statements, a tax return and an audit conducted. You have your own fund and you control how and when it invests but your are responsible for playing by the rules. Like most things in life the benefits are huge if you get it right, but the consequences are equally as huge if you get it wrong. Don’t trust your self-managed superannuation fund annual compliance work to just anyone. Climax Business Strategies works with our clients and their financial planners to get the best wealth creation outcomes within the self-managed superannuation environment. Contact us today for a free confidential consultation to discuss your options.
ASIC Services for Companies
The Australian Securities and Investments Commission regulates all companies by administering the Corporations Act 2001. ASIC maintains a public register for every registered company in Australia which contains various details such as directors and shareholders names and addresses, number of shares issued, business address etc. Each company is responsible for reporting changes of their details within 28 days from that change. Every year each company must lso pay a fee to ASIC called a filing fee. Climax Business Strategies works with our clients to ensure that their obligations under the Corporation Act are being met accurately and on time. Contact us today for a free confidential consultation to discuss your options.
Bookkeeping & Payment Summaries
Climax Business Strategies works with our clients to ensure their records are accurate and are kept up to date. We assist with the selection, installation and training on various accounting software packages available, such as MYOB and Quickbooks, as well as other customised or industry-based packages used by our clients. We also have experienced bookkeepers which we can deploy for continuing contracts at very competitive rates. Contact us today for a free confidential consultation to discuss your options.