What we love to do

BUSINESS ACCOUNTING

The team at Satellite Accounting are experienced business accountants who provide comprehensive accounting and taxation services for small, medium and large sized businesses. We believe effectively managing your tax affairs is an essential part of your business finance management therefore we not only provide tax solutions that meet your objectives but also ensure you get the best possible outcome.

INDIVIDUAL TAX

Its tax time. Papers are everywhere, you are running out of time or worse you are out of time! Let us take the stress out of tax time. We will work with you to save money by looking for additional deductions you may not be claiming, prepare paperwork and in-turn minimise worry.

SMSF

The complex regulations and reporting requirements for Self Managed Superannuation Funds dictate the need for experienced staff. With the heavy penalties imposed by the ATO for non-compliance funds, our clients can relax and trust their fund will meet all the reporting requirements. We not only have the skills and experience to support our SMSF clients but we engage the services of an external auditor to provide a balance perspective at all times.

| Business Accounting

Business Taxation

The focus of our Brisbane accounting team is to lead clients through the small business compliance maze as tax laws are never simple and constantly changing. The basic rule of thumb is the more complicated your business affairs, the more complicated your tax affairs and the greater benefits that will be gained from seeking professional advice. Taxation can also be a major cost to your business. At Satellite Accounting, we will work with you to minimise your tax and help you achieve your key objectives.

A major component of completing taxation for business is the preparation of Financial Statements. Our team of small business accountants work with you to ensure you that understand what the numbers mean to give you insight into the competition as well as to identify areas for improvement. As part of our annual taxation process we will complete your Tax Return as well as a review of your GST reporting for the year, should this be relevant. Our experienced and knowledgeable Brisbane accountants work closely with you when preparing your business tax returns to ensure your complete satisfaction. We will always check your information against your BAS lodgement and should there be a discrepancy, we will rectify this for you.

Business Establishment

Once you have had advice on the right structure, Satellite Accounting can assist you in setting up the business by arranging for the incorporation of a company and preparation of trust deeds.

Accounting Software Training

All our accounting team are well trained to support and assist you in the practical issues arising from the operation of your computer accounting systems. Initially, we can provide advice in setting up your accounting system to best manage your own financial records to achieve your business objectives.

At Satellite Accounting, we specialise in all versions of MYOB and can help you troubleshoot any issues you may have with implementation and management of the system. Xero has you the end user in mind and is the leading SME accounting system provider with over 500 recommended apps that it can integrate with.

Xero can be tailored to suit pretty much any SME. Our Accountants are Xero certified and ready to assist you. We believe that having the best technology to suit your business not only creates efficiency but will add value to your organisation.

Business Structuring

Protecting your assets is imperative to your financial wellbeing. Different structures are treated differently from a tax perspective for both income tax and capital gains tax. Our team of advisers carefully analyse all the issues around your business and give you proactive advice on the right structure for your business or investment.

It is also important to take into consideration business exit strategies as every business is theoretically for sale. We stress to all our clients to have an Exit Plan in place prior to even starting their business. Getting the right structuring advice at the beginning will save you time, money and tax obligations in the future.

Business Planning Operations And Management

A break-even analysis is an important business tool as it can identify what your turnover (sales) needs to be to cover your costs. It can also help you identify how much you need to charge per hour to cover your overheads and what a change in staff productivity will do to your bottom line. Our team can assist you with implementing and monitoring key performance indicators that will hold everyone (including you) accountable to the business. The pressures of daily business can also often mean strategic planning takes a back seat but to have a successful business, it is vital to plan ahead. We will help you develop a plan that examines where you want your business to be in the next 3-5 years and exactly how you and your team can achieve these aims and objectives. We can also direct you to our marketing team to assist you achieve those objectives.

Valuations

Unique financial situations continuously arise through changes in family relationships, business structures and the economic environment. Satellite Accounting works closely with our clients to understand their financial circumstances and plans for the future to ensure we can assist when they need specialist support. Whether you are thinking of buying a business, selling a business or considering moving on, it is vital to make the necessary preparations. A valuation provides an independent opinion and provides a basis to confirm the value of your business in these circumstances. A valuation may also help identify areas where value could be enhanced over time. What is being valued varies from business to business and the needs of the client so it is important to get independent advice.

Business Tax Planning

Good planning is hard work and unfortunately, planning is one of the less exciting aspects of operating a business. As a client of Satellite Accounting, you will be offered the opportunity every financial year to participate in tax planning. We can help you plan and manage your cash flow as well as identify where you can minimise your tax expense.

At Satellite Accounting we have a number of qualified financial planners that can help you develop a financial strategy that is tailored to your personal or business needs. Our financial advice will provide you with the knowledge and research to create the financial security and stability you desire.

To learn more about our financial planning services, call our team of Brisbane financial advisors now on (07) 3087 9888

Fringe Benefits Tax (FBT) Returns

A Fringe Benefit is a payment to an employee. However it is in a different form to salary and wages. For example, a fringe benefit may be provided when an employer:

  • Allows an employee to use a work car for private purposes
  • Gives an employee a cheap loan
  • Pays an employees gym membership
  • Provides entertainment by way of free tickets to concerts
  • Reimburses an expense incurred by an employee, such as school fees
  • Gives benefits under a salary sacrifice arrangement with an employee.

As part of our service to our clients Satellite Accounting works with business owners to identify any Fringe Benefits and ensure these are dealt with in the most tax effective manner for our clients.

ASIC Compliance

Satellite Accounting is a registered company agent and we attend to any changes to directors and shareholders as well as prepare annual company returns with ASIC. Company legislation requires businesses to perform several administration tasks which business owners find to be time consuming, unproductive task for the business. There is also the possible, very real threat of penalties for failing to keep up with the changing rules and legislations. This is why, at Satellite Accounting, we offer our services to assist you with the filing of annual returns on your behalf as well as preparing and lodging all documentation related to minutes and resolutions.

| Individual Tax

Individual Tax

As one of Brisbane’s leading accounting firms, Satellite Accounting provides tax return services, taxation advice and planning for individuals in Brisbane. We offer a full range of in-depth tax services to accurately determine your tax liability, identify all the deductions you are entitled to and work to get you the refund you deserve. Our experienced and knowledgeable tax accountants work closely with you when preparing your personal tax returns to ensure your complete satisfaction. Our proactive approach ensures we deliver consistent service and build solid relationships.If you’re looking for a tax accountant in Brisbane to help prepare your tax return or provide qualified tax advice, call us now on (07) 3087 9888.

Accounting Software Training

All our accounting team are well trained to support and assist you in the practical issues arising from the operation of your computer accounting systems. Initially, we can provide advice in setting up your accounting system to best manage your own financial records to achieve your business objectives.

At Satellite Accounting, we specialise in all versions of MYOB and can help you troubleshoot any issues you may have with implementation and management of the system. Xero has you the end user in mind and is the leading SME accounting system provider with over 500 recommended apps that it can integrate with.

Xero can be tailored to suit pretty much any SME. Our Accountants are Xero certified and ready to assist you. We believe that having the best technology to suit your business not only creates efficiency but will add value to your organisation.

| SMSF

SMSF

Superannuation is a great tax planning tool but the wrong advice can cost you money and additional tax. At Satellite Accounting, we can help you navigate through the complexities to ensure you make the best investment decisions for yourself. We can assist with the establishment of a fund for you and perform all the compliance work such as audits, income tax returns, financial statements and statutory reporting to members. We can also assist you in understanding your trustee responsibilities and duties. If you are nearing 55 years of age, we can discuss the tax benefits of commencing a pension and help you decide what best suits your circumstances.

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