Tax & Accounting

Morgan Richards & Co. offers a comprehensive range of taxation and accounting solutions for both businesses and the individual. Let us help you take control of your financial future. Our team are committed to offer the highest level of service and welcome the opportunity to work with you.

Concentrate on running your business and let us take care of all your business taxation requirements:

• Business & company tax returns
• Bookkeeping
• Taxation - GST & PAYE advice
• BAS preparation
• We can liaise with the ATO on your behalf
• Audit advice
• Regular meetings – we listen to your needs.

We also complete tax returns for individuals. They can be complex and there are allowable tax deductions and expense claims that can be made that you may not be aware of. We can help you minimise your payable tax and potentially increase your tax return and make sure your tax return is lodged on time. We also offer advice on:

• Investment properties, tax and negative gearing
• Tax & share investments
• HELP (higher education loans) debts
• Late tax returns – we can help.

Start getting the support you need and book a consultation with one of our team members today. Call us on (08) 9361 8449 or make an enquiry via email at contact@morganrichards.com.au and one of our staff will get back to you as soon as possible.

GST & BAS Preparation

Once a business reaches a turnover of $75,000 per annum, the business is required to register for GST and lodge Business Activity Statements with the Australian Taxation Office. Depending on the nature of the business and the turnover thresholds, the business will register to report using either the cash or accruals method.

GST is an important tax consideration in events such as sale of property, development projects, new business structures, mergers and acquisitions and international transitions.

We can help you to prepare comprehensive financial statements for a wide range of readers and an equally wide range of purposes. Whether your statements relate to your business or your personal financial standing, we can accommodate your needs. The GST-related services we offer include, but are not limited to:

• Advice on registering for GST
• Monthly/quarterly Business Activity Statements (BAS)
• Income Activity Statements
• Pay as you go (PAYG) instalments
• Annual Business Activity Statements
• ATO audit assistance

Start getting the support you need and book a consultation with one of our team members today. Call us on (08) 9361 8449 or make an enquiry via email at contact@morganrichards.com.au and one of our staff will get back to you as soon as possible.

Self-Managed Superannuation Fund

Self-Managed Superannuation Funds (SMSFs) offer an alternative strategy option for many individuals, families and small business owners to build tax effective wealth and protect assets over time. SMSFs are becoming popular for those who are ready to take control of their own super investments as they give you ultimate control and flexibility to manage your retirement benefits.

It must be noted though, that you will have increased responsibilities as a trustee of the fund. As a SMSF Trustee, you need to keep up to date with all required SMSF regulations and be aware of changes occurring in financial markets.

We can work with you to understand your personal financial situation and decide whether a SMSF structure is appropriate for you. We will also help you to invest your assets in the most effective way to maximise your retirement benefits, whilst complying with your fund’s investment strategy.

It is generally agreed that there are a number of benefits of an SMSF, but it is important that you also understand that an SMSF may not suit your situation. Outlined below are some of the reasons why a SMSF needs to be considered carefully before establishment:

Benefits:

• Control - trustees make the investment decisions;
• Asset allocation – trustees are in control of asset allocation decisions, as well as issues related to borrowing;
• Tax strategies – trustees have control of tax strategies and other planning options;
• Transparency – your SMSF provides you transparency concerning investments and visibility and control of taxation treatment as a result of investment decisions taken within the fund;
• Cost – expenses of running and administering a SMSF fund are not based on a percentage of the value of the fund, but more on the time needed to prepare reports and address relevant compliance matters;

Disadvantages:

Running and managing a SMSF may not be suitable to everyone. Many of the advantages are also a disadvantage:

• Costs may be relatively high where the asset balance in the fund is insufficient to generate economies of scale due to the fixed costs of running the fund.
• There can be too much flexibility for prudent investing and the fund’s assets must remain within its Investment Strategy.
• Remaining on top of trustee responsibilities is complex and will require an investment of your time.
• Poor personal knowledge of the investment landscape can have serious consequences.

Morgan & Richards Co. can assist with accounting requirements of the fund, providing support with the compliance burden on you as Trustee:

• Referrals to professionals who can assist with estate planning, portfolio creation and ongoing reporting services, investment strategies, pension advice.
• We can provide general tax advice regarding superannuation and self-managed superannuation funds.

Start getting the support you need and book a consultation with one of our team members today. Call us on (08) 9361 8449 or make an enquiry via email at contact@morganrichards.com.au and one of our staff will get back to you as soon as possible.

Business Accounting

Morgan & Richards Co. offers a comprehensive range of accounting and taxation solutions for businesses of any size. We are committed to offer the highest level of service and welcome the opportunity to work with you. Concentrate on running your business and let Suez Accounting take care of all your business accounting and taxation requirements. Some of the services we can offer your business include:

• Bookkeeping software advice and assistance
• Tax returns for Companies, Trusts & Partnerships
• GST & PAYG advice
• IAS & BAS preparation
• Liaise with the ATO on your behalf
• Business ‘start up’ advice
• Prepare business plans and financial budgets

Start getting the support you need and book a consultation with one of our team members today. Call us on (08) 9361 8449 or make an enquiry via email at contact@morganrichards.com.au and one of our staff will get back to you as soon as possible.

Business Consulting

Helping our clients grow, strengthen and develop their businesses is our main aim. Whether small, medium or large receiving expert help in areas such as strategy development, management accounting, cost analysis and budgeting is very important to attaining a business’s short and long term objectives.

We work to enable you and your business to maximise potential and profitability. We do this by providing the appropriate technical and commercial solutions to resolve issues that might impair the attainment of your goals.

We work with many private family clients. This gives us the expertise and experience to provide succession strategies that allows for the effective transfer of wealth to future generations.

We specialise in the following:

• Corporate Structures
• Strategy development and facilitation
• Strategic board and management reporting
• Budget preparation and review
• Updating your business plan
• Business value maximisation
• Systems review
• Sustainability
• Financial diagnostic analysis
• Cash flow and profitability
• Business succession planning and implementation
• Asset protection structuring

Start getting the support you need and book a consultation with one of our team members today. Call us on (08) 9361 8449 or make an enquiry via email at contact@morganrichards.com.au and one of our staff will get back to you as soon as possible.

Corporate Compliance

Registration by ASIC ensures you can have complete peace of mind. ASIC is Australia’s corporate, markets and financial services regulator, ensuring that Australia’s financial markets are fair and transparent, supported by confident and informed investors and consumers.

ASIC enforces regulatory control over its registered agents such as ourselves, and in the unlikely event of a dispute, you have the right to register any complaint to ASIC.

Corporate Compliance Services offered by Morgan & Richards Co. include, but not limited to:

• Corporations
• Discretionary Trust
• Fixed Trusts
• Hybrid Trusts
• Business Names
• Deeds of Variation
• Individual & Corporate Extracts
• Secretarial/Administrative Services
• Reinstatement of Deregistered Companies
• Update of Company Details
• Change in Structures

Start getting the support you need and book a consultation with one of our team members today. Call us on (08) 9361 8449 or make an enquiry via email at contact@morganrichards.com.au and one of our staff will get back to you as soon as possible.

Accounting Videos

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