FAQ

You may simply:

• Enquire online here
• Call us on 4922 6128
• Visit us at our office, at 111 Musgrave Street Rockhampton QLD 4701

We’ll take care of the rest!

Contact us to discuss your needs and decide if we can be of assistance.

If you are happy to move to us you formally engage us, accepting our terms of engagement (which we will provide to you).

We typically recommend that you then contact your existing accountant to explain that you are leaving and that Business Wise will be in contact shortly to request some information in the normal manner.

As a member of CPA, this includes the provision of an ‘Ethical Letter’, and a request for transfer of the appropriate documentation and financial statements.

We will then notify the relevant organisations (which may include the ATO and ASIC) of the change, and liaise closely with you through the transition period.

We provide a range of tax specific services, including:

• Forward Period Income Tax Estimates
• ATO Benchmark Reporting and Advice
• Capital Gains Tax Planning, Estimates and Advice
• Payroll Tax Estimates and Advice including pertaining to ‘subcontractors’
• Fringe Benefits Tax Estimates and Advice

Yes, we do provide a comprehensive Income Tax Planning, Management and Advice Service that includes, as required, working in collaboration with our industry partners as required, to advise you on appropriate and prudent commercial structures.

In addition our tax accountants advise on prudent tax management approaches within and between your group of businesses or entities.

Our services can, as required, include:

• Provision of comprehensive advice
• Establishment / amendment of all entities for your specific-purpose in-house entities (no on-line company templates!),
• Preparation of accounts and tax returns, and lodgement of it in accordance with our advice.

Yes there may be, but this rarely occurs and we will advise you in confidence if this is the case. Bascially we are not able to take on a client if there are ethical reasons that prevent us from doing so – due to the terms and conditions of our membershiop of Professional Accounting bodies.

Yes, our staff have very strong skills in self-managed superannuation service provision.

Our superannuation accountants have up to date experience dealing with superannuation matters pertaining to:

• Real Estate including Residential rental / investment property(s), Commercial Property, Industrial Property, Vacant Land, including relating to business real property, geared property.
• Bare and Unit Trusts.
• Commercial Lease agreements, Commercial loan agreements, Related Party Loan Agreements.
• Use of personal insurance within the SMSF trust.
• Death of a trustee
• Establishment of retirement income streams, including for reversionary pensioners
• Provision of death benefit termination payments
• Superannuation for persons suffering a disability
• Communication and liaison with the ATO to assist trustees requiring assistance to meet regulator requirements.

We provide these services on behalf of a business purchaser and also, as required on behalf of business vendors in preparation for sale. We refer to them as Verification or Due Diligence Investigation Services.

The objective of a verification report is to assure the purchaser of the veracity and related issues pertaining to the business financial information pursuant to the business they are considering purchasing.

We also provide similar services to assist vendors to prepare their financial reporting and / or their business processes more generally for sale. We have worked on such services for businesses as small as $150,000 in value and as large as $135M in value.

We have solid experience in providing these services in regards to:

• Management Rights Businesses
• Real Estate Agents
• Restaurants / Cafe’s including Franchises
• Transport Businesses
• Newsagents
• Manufacturers
• Trade Services and Professional Services