Accounting & Taxation

Accounting

In addition to compliance related accounting such as profit and loss statements, balance sheets and income tax returns, Holmans also focuses on management accounting to help your business improve its profitability.

Our services include:

• Budgets and cashflow
• Breakeven advice
• Benchmarking
• Key performance indicators
• Business verifications for sale and purchase
• Record keeping assistance, including installation and set up of MYOB

Taxation

Our taxation services include:

• GST advice and Business Activity Statement preparation and lodgement
• Income Tax Return preparation and lodgement
• Special Purpose Financial Statement preparation
• Advice on legal structures (i.e. Companies, Trusts and Partnerships) whether it be for business or investment purposes. You will receive specialist advice to help you understand the full implications of your legal structure, as well as how to maximise its benefits. Holmans offer a “turn-key” approach to setting up your new structure. This means that your structure will be ready to go once we have completed the setup, whether that be to sign contracts, start trading with your new business or engaging employees. Once you have opened the bank account, you are ready to go.
• Tax planning - Many of our clients take advantage of the benefits of having their tax position reviewed throughout the financial year to help them identify ways of legitimately reducing their tax liability. The tax planning meetings also provide an opportunity for us to review your current legal structure to see if there may be advantages to be gained from restructuring
• Self Managed Superannuation Funds
• Property and Capital Gains Tax advice

Holmans offer many more services, including ongoing business advice, quarterly reviews and management meetings, cash-flow and budget preparation, and Financial Advice certificates for leases to name but a few.