Tax

Merit Partners can help you with your taxation and accounting compliance issues so that you can focus on growing your business.

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Tax Compliance

Our team of tax professionals take the confusion out of tax compliance. We get it right with no surprises and help you meet your tax deadlines.

Businesses operate in an increasingly tough regulatory environment with tax payments being an important obligation for any company.

From small businesses to large corporations, we are dedicated to providing the best service with prompt results for our clients, while always adhering to the highest standards of integrity. Merit Partners can attend to all your taxation and accounting compliance issues so that you can focus on growing your business.

We can help you:

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Manage the tax burden efficiently

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Legally minimise your tax bill

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Comply with complex tax legislation

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Navigate ATO disputes

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Meet deadlines

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Reduce the overall cost of compliance by streamlining your processes, without compromising your confidence

Self-Managed Super Funds

Utilising cloud based specialised self-managed superannuation software, Merit Partners offer affordable, real-time transactional processing essential to meet the new SMSF reporting requirements together with preparation of annual financial statements.

Trustees of SMSF are under increased pressure to ensure that the fund is compliant and does not enter into any prohibited transactions. Having access to our experienced team and real-time data can assist in preventing contraventions by establishing accepted remedial action to give trustees peace of mind.

Succession Planning

Succession planning is a critical but often overlooked component of running a business. As your trusted business advisor we take the time to understand your goals, business and family dynamics, to develop an appropriate customised succession plan that works for you.

It is important to prepare your business for the day that you will leave, whether your departure is due to retirement, business sale or illness.

Well-developed succession plans:

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Reflect your goals for the business

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Take into account business and family dynamics

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Assist in maximising business value

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Consider the appropriateness of current business structures

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Facilitate a smooth ownership transition

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Incorporate contingency plans to manage unforeseeable events such as illness

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Contain leadership development strategies to encourage and develop key personnel

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Consider income tax implications associated with exit strategies

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Provide direction and focus for the business and key personnel

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Are flexible and dynamic

Tailoring your succession plan is one of the most important steps you will take to ensure you and your family’s future. Why not contact Merit Partners to find out how to take the first step?

Tax Planning

Realise your true value. Let Merit Partners interpret tax technicalities and deliver results you can count on.

The goal of tax planning is to arrange your financial affairs so as to minimise your taxes. There really is no time like the present to take a step back and look at how you might reduce your taxes and improve your financial and business strategies. With our extensive experience and knowledge of tax legislation in Australia, we can optimise your tax position by providing sound and timely advice on:

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Taxation consultation and preparation of taxation returns

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Ongoing and year-end tax planning

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Trusts, companies or superannuation structures to meet your financial and business objectives

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Tax planning for your investments

Bookkeeping

At Merit Partners we understand that your time is valuable. We go the extra mile to provide creative approaches to conventional bookkeeping aimed at simplifying your processes. Our specialised team of bookkeeping staff are trained to effectively and accurately record and report on your day-to-day transactions using technology, resulting in reduced costs and improved outcomes. Our staff are fully trained in Xero, MYOB and QuickBooks, including integration of complementary applications to support these solutions.

Our core services include

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Data processing

Taking the pain out of payroll (including single touch payroll), PAYG and superannuation
Processing accounts payable and accounts receivable
Bank reconciliations
Fixed asset register

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Reporting

Business activity statements (BAS)
Instalment activity statements (IAS)
Taxable payment annual reporting (TPAR)
Management reports including profit and loss, balance sheet, debtors and creditor aged analysis
Payment summary reconciliation and preparation
Budget and variance analysis – keeping you up to date on your performance against budgets
Grant acquittals and other customised reports