Accounting
ACCOUNTING & FINANCIAL REPORTING
Financial reporting is a primary tool for business owners and directors to control and build the business. The financial reports are the apex of the financial information system and so it’s important for them to be clear and concise. Each business has it's own complex set of circumstances to which we apply our experience to help develop a concise reporting instrument.
Identifying financial system bottlenecks and malfunctions enables the business to modify and develop new and efficient financial systems. We believe if a business keeps the score (timely financial reporting), it is in a position to keep improving the score year on year, building wealth for the owners.
Business Activity Statements (BAS)
Preparation and filing of BAS/IAS
Annual Taxable Payments report (Construction & Building industry)
Preparation of Payment Summaries (PAYG)
Bookkeeping and Payroll
Setting up accounting software
Staff training - using MYOB and Xero
Management reporting
Financial statements
Financial Information
Annual budgeting
Cash flow projections
Succession planning
Business acquisitions and mergers
Due diligence
Business valuations
Dealing with Regulators
New entity set up (company, trust & SMSF)
Advice on business structure and ownership
ASIC agent service (Company Secretarial)
Worker’s Compensation Review
Registered Charities reporting (ACNC, ACFID and Fair Trading)
International entity set up (USA and UK)
“SCA Partners are accountants with demonstrable success in advising businesses. Their business accounting services are ultimately focused on growing the personal wealth of the owners of the business. SCA Partners have advised us over the eight most successful years for our business.”
— JONATHAN WOOLLEY
DIRECTOR, CONNECTED INTELLIGENCE
Taxation Planning
TAXATION ADVICE & FILING OF RETURNS
A thorough, well thought out tax strategy is a basic building block for a successful business. Business owners have the right to minimise their tax obligations, but also need to ensure that the correct amount of tax is paid. We review your structure, and provide ideas from redesign through to assistance in managing the cash flow consequences of paying tax as a result of business success.
SCA provide a full suite of taxation advisory services and lodgements including:
BAS Filing:
Monthly, quarterly or yearly
ATO payment arrangements
Communication with the ATO
Income Tax Returns:
Sole traders and partnership
Companies and trustees
Trusts (family and unit)
Self managed super funds
Preparation and lodgement of FBT returns
Payroll and Land Tax calculations
ATO payment arrangements
Business Structures:
Review business structure
Review tax efficiency
Develop effective structures
Apply for GST, PAYG and ABN
Simplifying tax affairs
Tax consolidation
Transaction Advice:
Business sale or purchase
GST review by transaction type
Capital Gains Tax (CGT) advice
Fringe Benefits Tax (FBT) advice
Liaising with ATO in relation to client tax obligations
Division 7A loan agreements
Assistance with ATO audits (SGC, GST and PAYG)
Assistance with OSR audits (payroll tax and land tax)
Tax planning prior to year end
“SCA Partners has demonstrated an ability to think outside the box. We have relied on SCA Partners for over 15 years to help put together strategies for organisational structure, acquisition of new businesses, tax minimisation and succession planning.”
— IAN LIVINGSTONE
DIRECTOR, BAY TRUSSES & FRAMES
Assurance & Risk
Our assurance and risk professionals have extensive experience working with clients to provide transparent information to stakeholders. We help you build trust through assuring accurate and complete financial statements and data used by owners, financiers and other organisations to assess and measure governance risk.
Wealth building is also about risk minimisation, which includes taxation considerations, not just financial enterprise returns. SCA has developed powerful tools for business owners to increase and maximise their wealth building opportunities.
Assurance and Risk
Assess reliability of your business data reporting
Review effectiveness of internal controls
Ensure regulatory reporting and compliance
Determine role of management in building risk and control policies
Assess risk appetite, culture and management within the enterprise
Audit and Assurance
SMSF Audit
Charities Audit
“We have been able to build our business strategically and at the same time reduce our risks.”
— LEIGH HOWARD SMITH
DIRECTOR
Business
Advisory
AFSL No. 539391
Our Business Advisory service aims to provide clients with a comprehensive view of their business landscape, enabling them to make strategic decisions that drive growth and success.
This advice can take many forms, but in essence provide expert guidance and strategic advice helping our clients improve their business operations, make informed decisions, and achieve financial and operational goals.
Strategic Planning:
Assisting clients in developing long-term strategies for growth, including market expansion, mergers, and acquisitions. This involves analysing current business conditions, identifying opportunities and threats, and creating actionable plans.
Financial Analysis:
Offering insights into financial performance through detailed analysis of financial statements, cash flow, and profitability. Assisting our clients by creating detailed forecasts and budgets to plan for future financial performance and make strategic decisions.
This helps businesses understand their financial health and make informed decisions based on real data.
Risk Management: Identifying and assessing potential risks to the business, including financial, operational, and compliance risks. Advisors help develop strategies to mitigate these risks and safeguard the company’s assets.
Operational Efficiency: Reviewing and improving business processes to enhance efficiency and productivity. This might involve streamlining operations, optimising resource allocation, and implementing new technologies or systems.
Business Valuation: Providing accurate valuations of the business for purposes such as sale, acquisition, or investment. This involves assessing various factors including market conditions, financial performance, and industry trends.
Succession Planning: Assisting in the development of plans for transferring business ownership and leadership, ensuring a smooth transition and continuity of operations.
Financial Planning
AFSL No. 539391
Our trusted partner SCA Advisory Pty Ltd (AFSL 539391) offers a range of financial planning advice specifically tailored to your needs:
Self-Managed Super Funds
Tailored financial advice
SMSF specialist
Investment portfolio management
Reviewing wealth creation and investment vehicles
Financial Advice
Wealth creation
Investment strategies
Tailored financial advice
Transition to retirement
Personal risk minimisation
Personal and corporate superannuation
Life Insurance