Business Accounting Services
Financial statements are utilised by a wide variety of users to evaluate an entity's financial position, performance and changes over a period to assist readers to make better informed decisions.
Together with the client, Axia Private Clients draws on the financial statements as a cornerstone to assist in driving performance improvement and as a bedrock for taxation, strategic and succession planning.
Key stakeholders that routinely rely on the financial statements include:
- Business owners or shareholders
- The Australian Securities and Investments Commission (ASIC)
- The Australian Taxation Office
- Financiers and lending institutions.
Contemporary technical and software resources equips Axia Private Clients to prepare, analyse and provide periodic and annual financial statements and relevant accompanying notes and disclosures for all entity types, including:
- Proprietary companies
- Sole traders
- Trusts (discretionary “family”, fixed unit and hybrid trusts)
- Partnerships
- Joint ventures
- Superannuation funds
- Testamentary trusts and deceased estates.
Axia Private Clients also attends to the ASIC corporate secretarial needs of companies within a client group, further unlocking your time to prioritise your business and family.
Should you wish to discuss any of our business services, please contact Axia Private Clients.
Taxation
Tax can be intimidating, especially if you operate a business. The taxation landscape is constantly changing with new and amended taxation legislation, rulings and guidance, growing compliance responsibilities and increased review and scrutiny. Your tax needs will also fluctuate as your business and personal circumstances alter over time.
Axia Private Clients together with industry tax specialists help you identify and manage tax risks, optimise opportunities and reduce exposure so that you are well placed to respond to regulatory updates and emerging trends.
Taxation planning is not just an annual undertaking but an ongoing process which also considers your business structure, ambitions and succession planning objectives. Options are highlighted, explored and a considered agreed action plan formulated and executed.
The following key areas are not only a focus when attending to the obligatory periodic tax compliance requirements, but also commonly included when undertaking taxation planning and developing accompanying strategies:
- Income tax
- Capital Gains Tax
- GST
- Fringe Benefits Tax
- Division 7A
- Superannuation
- State Government taxes
- Federal and State Government incentives and grants.
Please contact Axia Private Clients for a confidential consultation about your taxation circumstances and requirements.
Business Consulting
Axia Private Clients provides a customised service to confidentially review relevant commercial, business, taxation, entity structuring and estate planning matters to give added reassurance to businesses and family groups.
Our service frequently entails an assessment of current and prior period financial and taxation data in conjunction with a review of the existing business and investment structure. This process assists in arriving at revised plan which aligns business targets with the aspirations and estate planning objectives of key stakeholders.
Feel free to reach us at your convenience for a confidential discussion in relation to your business matter.
Structuring & Asset Protection
Axia Private Clients undertakes detailed and ongoing evaluations of existing business and investment structures to assist in achieving an optimal position when balancing the following factors:
- legislative environment
- business and investment risk
- taxation flexibility and access to relevant tax concessions and incentives
- asset protection for business principals, owners and relevant stakeholders
- succession planning
- business principal and family group objectives.
Where practicable, Axia Private Clients will suggest revisions and additions to the structure to better cater for the dynamic business, taxation and legislative environments so that arrangements more congruently align with the outcomes sought by business owners and family groups.
New and existing clients often commence a business venture or seek to participate in an investment opportunity for the first time. Here, Axia Private Clients will outline all relevant structuring options after considering the applicable legislative and taxation environments, business risk and asset protection objectives in conjunction with business succession and estate plans. Axia Private Clients will then promptly implement the agreed structure and arrange any required documentation.
Contact Axia Private Clients to arrange your structuring and asset protection review.
Estate & Business Succession Planning
Axia Private Clients assists family groups secure the financial future of the next generation with trusted business succession and estate planning services.
When Axia Private Clients undertakes business succession planning, thought is given to the objectives of the business owner whilst also contemplating the taxation, commercial and family ramifications and considerations of each relevant option.
In conjunction with specialist estate planning legal advisers, Axia Private Clients will discuss your wishes and review possible scenarios to design an effective catered estate plan for passing control of your assets, whether that be on death, incapacity or within your life time.
Both business and estate plans should be frequently reviewed to accommodate variations in the business, legislative and taxation environment, and to better meet any alterations in the wishes and objectives of business owners and family members.
Should you require further confidential guidance or are seeking additional comfort in respect of your estate and business succession planning, please contact us at your convenience.