Financial & Taxation Services

• Financial Statements
• Accounting System Reviews
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• Tax Preparation and Compliance
• Tax Planning
• Indirect Taxes
• Management Advisory
• Business Plans
• Financial Planning
• Estate Planning
• Retirement and Superannuation

FINANCIAL STATEMENT SERVICES

Chartered Accountants prepare three kinds of financial statements; Non-Reporting, Reporting and Audited. Most SME owners will use a Non-Reporting financial statement. Reporting Statements provide substantially more information relating to assets, liabilities and certain transactions and Audited Statements require verification of the Balance Sheet, Profit & Loss Statement and many other schedules of the Corporations Law.

Usually outside creditors, banks and equity investors will dictate the type of financial statements required by SMEs.

ACCOUNTING SYSTEM REVIEW and IMPLEMENTATION

Per schedule

LINKS TO SOFTWARE COMPANIES

TAX PREPARATION AND COMPLIANCE

We offer tax preparation services for individuals and businesses. Individuals, Partnerships, Trusts, Deceased Estates, Companies and Superannuation Funds are all handled using the latest electronic lodgement arrangements with the Australian Taxation Office.

LINKS TO TAXATION SITES

TAX PLANNING

CHOOSING BUSINESS STRUCTURE

INDIRECT TAXES

LINKS TO INDIRECT TAX SITES

MANAGEMENT ADVISORY SERVICES

Per schedule

BUSINESS PLANS

FINANCIAL FORECASTS and PROJECTIONS

BUSINESS PLAN OUTLINE

FINANCIAL PLANNING

Per schedule

FINANCIAL PLANNING LINKS

ESTATE PLANNING

Wills are a critical issue for preserving family wealth and for ensuring that the results of a lifetime's work are not lost to unnecessary statutory intervention, especially taxes. Every person over the age of 18 should have a will. Wills are prepared by lawyers and Wettenhall & Co can introduce you to an appropriate firm. Costs are frequently minimal for a simple will.

Wettenhall & Co reviews wills as they are being prepared to ensure that commercial and other financial matters have been addressed, including but not limited to:

• Superannuation death benefits - may be tax free if correctly handled.
• Testamentary trusts - may provide very low tax income to children and grandchildren to pay school fees and other maintenance and support.
• Control of the client's trusts and companies after date of death.
• Choice of executors and trustees.
• Transfer of assets to charities and the Capital Gains Tax issues.

Wettenhall & Co works with your lawyer because we generally understand your existing structure of asset ownership and taxation planning.

RETIREMENT AND SUPERANNUATION PLANNING

Per schedule

SUPERANNUATION PLANNING LINKS
RETIREMENT PLANNING LINKS