Comprehensive Accounting, Tax & SMSF Services on the Sunshine Coast
At KBA Accountants, we aim to help our clients across Australia in three main ways, which we ensure are performed in a way our clients can understand. We talk in plain language with as little accounting jargon as possible.
Accounting & Auditing
Whether you’re a business owner or self-employed, knowing your financial position is crucial, so your paperwork needs to be organised and up to date. The accountants at KBA Accountants offer complete management and auditing of your financials, so you can focus on running your business.
Accounting
- Preparation of Financial Statements enabling you to examine your Business’ performance throughout the year.
- Ensure your business meets statutory reporting and legislation requirements.
- Accounting for Rental Properties, Motor Vehicle usage, Share Trading and business purchase or sale.
- Preparation of Financial Statements for Business Activity Statements.
- BSA Licensing Requirements.
Auditing
- We audit all managers of Trust Accounts, including Legal, Real Estate, Management Rights and Second-Hand Dealers.
- We audit all managers of Not-for-Profit groups, including Sporting Groups, Clubs and Non-Profit Community Groups.
Business Valuations, Acquisitions & Improvement
Business Purchases & Sales
- Set up the structure for you to purchase the business in.
- Perform an accurate and in-depth analysis of the business you want to purchase and provide full written reports.
- Prepare For Sale figures for businesses planning to sell.
- Assist you with the transition into your new business, set up of software and advise on correct bookkeeping practices.
- Registration for GST, Tax File Numbers, ABNs and PAYG for new Businesses.
- Provide advice on and analyse different financing options.
Management Rights
We specialise in this industry and have been actively working with the industry since 1998. Services we provide:
- Entity setups or reviews prior to going to contract.
- Provide advice on and analysis of different financing options.
- Pre-purchase Due Diligence in writing and accepted by all major banks.
- Assistance with the pre-purchase transition into the business.
- All other services stated above but specifically tailored to this industry.
Business Performance Improvement
- Determine Key Performance Indicators (KPIs).
- Set up systems to measure and monitor your KPIs.
- Prepare budgets for your KPIs.
- Prepare Cashflow Budgets and compare these to actual performance.
- Prepare Break-even analysis.
Structures
- Set up of Companies, Trusts, Partnerships and Self-Managed Superannuation Funds for a set fee.
- Structure your business to achieve the best tax scenario.
- Use structures to protect yourself and your assets.
- Management and guidance for new businesses.
Tax, GST Advice & BAS Preparation
Tax is an expense that does not produce more income, so it should therefore be reduced as much as possible. Our firm constantly strives to look at ways to help our clients legally reduce their income and Capital gains tax liabilities.
Taxation
- Prepare and lodge income tax returns for Individuals, Sole Traders, Investors, Partnerships, Companies, Trusts and Self Managed Superannuation Funds.
- Get the lowest amount of tax legally payable or receive higher refunds, taking advantage of current tax laws.
- Plan with you for future years to help lower your tax payable or plan in advance for payments.
- Prepare and lodge BASs & IASs.
- Capital Gains Tax for rental properties, shares and business preparation and planning.
Foreign Residents / Immigrants
- Obtain Tax File Numbers.
- Explain the consequences of our tax system on your dealings in Australia and assets and income from the rest of the world thoroughly.
- Use all of our other mentioned services to assist you.
Self-Managed Superannuation Funds
If you’re a business or sole trader, you most likely have a self-managed super fund. These can be complex to manage, but KBA Accountants is here to help. We can help you set up and maintain your SMSF for a successful, comfortable retirement.
Our SMSF services include the following:
- Provision of all Accountancy & Taxation needs for your SMSF.
- Administration of Self-Managed Super Funds.
- Set up of new funds.
- Auditing of funds performed in-house.
- Transition to Retirement Planning.
- Help you to understand the rules & regulations of Self-Managed Super.
- Rectifying breaches of legislation.
- Creating and maintaining Pension Funds