Service Centred Around You in Mitcham
At Bluestone Accounting, the goal of our business is to make sure you have everything you need to stay compliant and succeed in you business endeavours. In that regard our team focuses on your specific needs and provides you with results that make sure you feel included and your bottom line sees profits.
Small Business Specialist
We are the small business specialist for the reason that we provide back-up and support for businesses from tax returns to bookkeeping to business structures to asset protection. We evaluate your tax position every year and pride ourselves on delivering value for service. Furthermore, we spend time with you to help you understand how taxation affects your business and ultimately your bottom line. At Bluestone Accounting we assist our business clients in areas such as payroll, depreciation, acquisition of assets, BAS and GST requirements including lodgments and extensions, workcover & superannuation. We not only provide tax advice and lodgments we are also happy to provide general advice regarding these and other issues necessary to running your business.
Our aim is to work with you regarding the financial aspects of your business and use our expertise to help contribute to your success.
For more information please call us on (03) 9873 1000 or email us at tax@bluestoneaccounting.com.au
Our aim is to work with you regarding the financial aspects of your business and use our expertise to help contribute to your success.
For more information please call us on (03) 9873 1000 or email us at tax@bluestoneaccounting.com.au
Self-Managed Superannuation Funds
(SMSF)
The area of self-managed super funds is ever changing and seems to be a growing every year. It can be very beneficial for your retirement goals but can also be very costly if done incorrectly or if you invest in certain assets that the ATO do not allow or contribute above your age appropriate threshold meaning you end up paying extra tax in the form of excess superannuation contributions tax.
When considering a SMSF you need to really get the right advice to see if this is really for you. You may want to set a SMSF because you want better control over the investments for your retirement or it may be the flexibility that a SMSF can provide as compared to a managed superannuation fund. However in taking your retirement into your own hands are you ready for the responsibility of your SMSF investments to be funding your retirement? Do you know what the responsibilities of the trustees are? These are just some of the points we will go through with you.
As the trustee of your SMSF we can assist you in all your compliance obligations including financial statement preparations and lodgment of tax returns. Should you wish to set up a pension we can also assist in this area.
We provide a complete service for SMSF, which include:
We also audit SMSF and are registered with the Australian Securities and Investments Commission (ASIC). We provide this audit service to other accounting firms.
For more information please call us on (03) 9873 1000 or email us at tax@bluestoneaccounting.com.au
When considering a SMSF you need to really get the right advice to see if this is really for you. You may want to set a SMSF because you want better control over the investments for your retirement or it may be the flexibility that a SMSF can provide as compared to a managed superannuation fund. However in taking your retirement into your own hands are you ready for the responsibility of your SMSF investments to be funding your retirement? Do you know what the responsibilities of the trustees are? These are just some of the points we will go through with you.
As the trustee of your SMSF we can assist you in all your compliance obligations including financial statement preparations and lodgment of tax returns. Should you wish to set up a pension we can also assist in this area.
We provide a complete service for SMSF, which include:
- Initial set up of SMSF
- Preparing the tax return for the Self-Managed Superannuation Fund
- Preparing annual financial statements
- Audit of SMSF
We also audit SMSF and are registered with the Australian Securities and Investments Commission (ASIC). We provide this audit service to other accounting firms.
For more information please call us on (03) 9873 1000 or email us at tax@bluestoneaccounting.com.au
Investment Property & Negative Gearing
Buying an investment property is a big decision to make. Financially you need to consider whether you can afford to still make the repayments on your loan should your situation change suddenly. There is also the capital growth to consider as well as what suburbs you are thinking about investing in. Whether you are going to buy residential or commercial, what is the difference rate of return? All this before you even consider the tax implications. Here at Bluestone Accounting we can help you in making these decisions in terms of your current financial position.
Whether buying on your own, with your spouse, with a Self-Managed Super Fund or with a family member or friend you need to really know what it is costing you and what the tax benefits of negative gearing really mean in dollar terms to you.
There is also the eventual capital gain to consider should you sell the property. What would this cost you? These are just some of the questions we answer when clients consult us regarding a potential purchase. In general terms what you can claim are:
- General repairs and maintenance
- Insurance (Landlord & Building)
- Interest on Loan
- Cleaning
- Gardening
- Council Rates
- Body Corporate Fees
- Land Rates
- Water Rates
- Real Estate Agent Fees
- Depreciation on Fixtures & Fittings
- Certain items/repairs are capital in nature and need to be depreciated rather than claiming in full
This is not an exhaustive list of claimable items & is only for illustrative purposes. We are happy to go through this list and other expenses in detail with you.
For more information please call us on (03) 9873 1000 or email us at tax@bluestoneaccounting.com.au
