Our Accounting & Tax Services
Tax compliance – lodging tax returns and preparing financial statements
We prepare financial statements for businesses. Financial statements comprise of all fundamental financial reports and required legal reports where relevant. Typical financial statements include: Trading statement, Profit & loss statement, Appropriation/Beneficiaries statement, Balance sheet, notes to the Financial Reports, Depreciation Schedules, Compilation Report, Owner's Declaration.
Tax minimisation – through business structuring and tax planning
We provide advice on how to legally minimise your tax through strategies including business structuring and the use of superannuation. We also provide advice on specific tax matters including: GST, fringe benefits tax, capital gains tax and property associated taxes.
Asset protection – through business structuring
We provide strategies to protect your personal assets (like the family home or your personal investment properties) from business related risk.
We give advice on the appropriate business structure to use (i.e. Sole Traders, Partnerships, Trusts, Companies, Self managed superannuation funds) when looking at starting a business, buying a business or investing in assets. We also review current business structures to ensure maximum tax effectiveness and asset protection and recommend improved structures where applicable.
SMSF – self managed super fund compliance
We are part of a team that advises on self managed superannuation funds (SMSF). Our recommendations are always made in conjunction with our financial planner and are designed to maximise benefits to our clients.
Estate Planning
Our philosophy is why bother minimising tax and protecting assets throughout your life if you loose all of the advantages in death. Our estate planning includes ensuring wills and enduring Powers of Attorneys are in place and assess the need for specific trusts.
Investment Structuring
Before considering the purchase of any major asset, whether it be business related or personal investment, it is essentially important that we consider the appropriate structure for such an investment. All too often business owners make an investment decision without considering the long term implications of important matters such as Capital Gains Tax (CGT). Shoreline will guide you in making the right investment decisions ensuring that you retain maximum benefit from your investment decisions.