What We've Done
A retired executive with over $100,000 consulting income per annum utilizes superannuation to pay only 4.5% income tax on their income.
Developed systems, and reporting facilities for a client so that they could manage their business without being in attendance at the premises.
Featured Projects
Case Study 1
A regional commercial property, bought some time ago, but after September 1985,
is sold with a substantial gain and a Capital Gains Tax liability of just over $67,000.
By utilizing the Small Business Concessions we are able to reduce the Capital Gains
tax payable to NIL.
Case Study 2
To assist in a crisis situation in a very busy law firm, following the sickness
and breakdown of a staff member, two TBM Accountants bring PC Law accounts, MYOB
payroll, bank reconciliations up to date, They also pay out numerous outstanding
settlements and help close many files as well as lodging all outstanding BAS statements.
They also consider and recommend future changes to office and financial reporting
procedures.
Case Study 3
Monthly management meetings with Con Karykis help a manufacturer increase turnover
by nearly 400% and Net Profit by over 1,900% and significantly reduce average debtor
and creditor days, giving them a very strong, fluid cashflow. This was all achieved
over an 8 year period.
Case Study 4
Good communication with customers, tight collection procedures coupled with constant
measuring and monitoring enables a professional services firm to operate with NIL
overdraft, low debtors, no trade creditors, collecting most billed fees immediately
on completion of assignments.
Did You Know?
Tax Incentive
Larger Business - To Claim the governments new investment allowance you must be an eligible business tax payer and purchase a new eligible asset over $10,000. The asset must be installed and ready for use by 30 June 2010 to be eligible for the full amount of the offset.
