Accounting Service
Welcome to Bottrell Newcastle Accounting Services
Welcome to Newcastle Accounting Services, where we offer a full range of tailored accounting services to businesses and individuals. Our certified Chartered Accountants specialize in accounting and taxation for businesses, individuals, superfunds, and trust accounts. With years of experience, we provide accurate financial reporting and ensure compliance with tax regulations. At Newcastle Accounting Services, our priority is putting clients first, providing exceptional service and personalized attention. Contact us today to discuss how our accounting services can benefit your unique needs. Trust us to handle your accounting requirements with professionalism and integrity.
For personal tax, we offer a variety of services including:
- Basic Personal Tax Returns: We ensure our clients receive all entitled tax benefits by assisting with filing basic personal tax returns.
- Tax Returns for Individuals and Families: Our expertise lies in preparing tax returns for individuals and families, taking into account their specific financial circumstances.
- Investment Properties Tax Returns: We have extensive experience in preparing tax returns for investment properties, helping clients maximize their tax benefits.
- Investment Tax Returns: Our dedicated team provides expert tax advice and preparation services for investment tax returns, ensuring favorable tax outcomes.
- Cryptocurrency Tax Advice: With the rise of cryptocurrency, we offer specialized advice and support on cryptocurrency tax issues.
- Shares & Managed Funds Tax Advice: Our deep understanding of shares and managed funds allows us to provide tailored tax advice to meet your needs.
In addition to our standard tax services, we also offer specialized tax services to address unique requirements. These services include:
- Salary Packaging Advice: We provide expert advice on salary packaging, helping you optimize your tax outcomes.
- Negative Gearing Tax Advice: With extensive experience in negative gearing, we offer tailored advice to meet your specific needs.
- Capital Gains Tax (CGT) Advice: Our team provides expert guidance on CGT issues, helping you minimize your tax liabilities.
Trust Newcastle Accounting Services to handle your personal tax needs with professionalism and expertise. Contact us today to discuss how our specialized tax services can benefit you.
- Basic Personal Tax Returns: We ensure our clients receive all entitled tax benefits by assisting with filing basic personal tax returns.
- Tax Returns for Individuals and Families: Our expertise lies in preparing tax returns for individuals and families, taking into account their specific financial circumstances.
- Investment Properties Tax Returns: We have extensive experience in preparing tax returns for investment properties, helping clients maximize their tax benefits.
- Investment Tax Returns: Our dedicated team provides expert tax advice and preparation services for investment tax returns, ensuring favorable tax outcomes.
- Cryptocurrency Tax Advice: With the rise of cryptocurrency, we offer specialized advice and support on cryptocurrency tax issues.
- Shares & Managed Funds Tax Advice: Our deep understanding of shares and managed funds allows us to provide tailored tax advice to meet your needs.
In addition to our standard tax services, we also offer specialized tax services to address unique requirements. These services include:
- Salary Packaging Advice: We provide expert advice on salary packaging, helping you optimize your tax outcomes.
- Negative Gearing Tax Advice: With extensive experience in negative gearing, we offer tailored advice to meet your specific needs.
- Capital Gains Tax (CGT) Advice: Our team provides expert guidance on CGT issues, helping you minimize your tax liabilities.
Trust Newcastle Accounting Services to handle your personal tax needs with professionalism and expertise. Contact us today to discuss how our specialized tax services can benefit you.
Welcome to Newcastle Accounting Services, your trusted source for professional accounting, tax, and financial planning services. Our Newcastle office is equipped to meet the diverse needs of businesses and individuals.
Tax Compliance and Assistance:
Our team of tax experts is here to ensure your compliance with tax laws and regulations. We offer comprehensive tax services, including assistance with filing tax returns and handling any issues that may arise with the tax office.
Accounting Tasks:
We provide a range of accounting services to support your business. Our team can assist with various tasks, such as preparing budgets, forecasting cash flow, and offering financial advice to help you make informed decisions. Some of our accounting services include:
- Annual Financial Reports
- Annual Tax Returns
- Interim Financial Statements
- Business Activity Statements (BAS)
- Fringe Benefits Tax
- Payroll Tax
- Taxable Payments Annual Reporting (TPAR)
Trust Newcastle Accounting Services to handle your accounting needs with professionalism and expertise. Contact us today to discuss how our services can benefit your business or individual financial goals.
Welcome to Newcastle Accounting Services, your trusted partner for comprehensive accounting solutions tailored specifically to small and medium-sized businesses. We understand the unique needs of businesses in the area and are dedicated to helping them thrive. Our range of services includes Business Tax services, designed to ensure compliance and minimize tax liabilities. As the go-to experts for Business Tax services in Newcastle, our experienced accountants will guide you through the complexities of business taxes.
Our Business Tax services encompass:
- Annual Business Tax Returns
- Ongoing Business Tax Compliance
- Business Tax Planning
- Business Formation and Structure
- Software Solutions
- Bookkeeping Training, Support, and Assistance
- Payroll Support and Advice
- Accounts Payable and Receivable Assistance
Payroll Assistance:
Managing payroll, superannuation, and bookkeeping can be time-consuming and burdensome. Our Bottrell Payroll Team is here to streamline the process for you. With expertise and experience, we handle all aspects of payroll, from timesheet management to preparing pay slips. Additionally, we can help you implement efficient business systems and software. If you already use cloud accounting systems like Xero, MYOB, or Quickbooks, we can seamlessly integrate with your existing setup. Outsourcing your payroll to our team provides peace of mind and frees up time for you to focus on other critical aspects of your business.
Business Start-up and Establishment:
Starting a new business is an exciting journey, but it can also be complex and challenging. At Bottrell Accountants & Tax Agents in Newcastle, we provide comprehensive support throughout the entire process to set your business on the path to success.
Our services include:
- Business Plan Development: We assist in creating a clear and well-defined business plan, identifying goals, target market, competition, and financial projections.
- Business Structure Selection: Our team guides you in choosing the right business structure, considering factors such as sole trader, partnership, company, or trust.
- Business Registration: We help navigate the registration process, ensuring your business is properly registered with an Australian Business Number (ABN), goods and services tax (GST), and payroll tax.
- Licensing and Permitting: We assist in identifying and obtaining any necessary licenses and permits specific to your business.
- Business Bank Account Setup: We provide guidance on opening a separate business bank account to maintain financial separation.
- Legal Compliance: Our team ensures your business complies with all applicable laws and requirements, including incorporating the business and registering a trading name.
Starting a business may seem daunting, but with our guidance and support, it becomes an exciting and rewarding experience. At Bottrell Accountants & Tax Agents in Newcastle, we are committed to providing comprehensive assistance to businesses in the area. Let us help you navigate the process of starting and establishing a successful business.
Our Business Tax services encompass:
- Annual Business Tax Returns
- Ongoing Business Tax Compliance
- Business Tax Planning
- Business Formation and Structure
- Software Solutions
- Bookkeeping Training, Support, and Assistance
- Payroll Support and Advice
- Accounts Payable and Receivable Assistance
Payroll Assistance:
Managing payroll, superannuation, and bookkeeping can be time-consuming and burdensome. Our Bottrell Payroll Team is here to streamline the process for you. With expertise and experience, we handle all aspects of payroll, from timesheet management to preparing pay slips. Additionally, we can help you implement efficient business systems and software. If you already use cloud accounting systems like Xero, MYOB, or Quickbooks, we can seamlessly integrate with your existing setup. Outsourcing your payroll to our team provides peace of mind and frees up time for you to focus on other critical aspects of your business.
Business Start-up and Establishment:
Starting a new business is an exciting journey, but it can also be complex and challenging. At Bottrell Accountants & Tax Agents in Newcastle, we provide comprehensive support throughout the entire process to set your business on the path to success.
Our services include:
- Business Plan Development: We assist in creating a clear and well-defined business plan, identifying goals, target market, competition, and financial projections.
- Business Structure Selection: Our team guides you in choosing the right business structure, considering factors such as sole trader, partnership, company, or trust.
- Business Registration: We help navigate the registration process, ensuring your business is properly registered with an Australian Business Number (ABN), goods and services tax (GST), and payroll tax.
- Licensing and Permitting: We assist in identifying and obtaining any necessary licenses and permits specific to your business.
- Business Bank Account Setup: We provide guidance on opening a separate business bank account to maintain financial separation.
- Legal Compliance: Our team ensures your business complies with all applicable laws and requirements, including incorporating the business and registering a trading name.
Starting a business may seem daunting, but with our guidance and support, it becomes an exciting and rewarding experience. At Bottrell Accountants & Tax Agents in Newcastle, we are committed to providing comprehensive assistance to businesses in the area. Let us help you navigate the process of starting and establishing a successful business.
Whether you're an experienced landlord or a first-time investor, our team of experts is here to help you optimize your rental property investments and ensure compliance with tax laws.
Our key services include:
- Rental Property Tax Returns
- Tax planning and compliance for rental properties
- Advice on negative gearing
- Guidance on positive geared properties
- Maximizing cash flow from rental properties
- Assistance with rental property ownership structures
- Rental PAYG Variations
- Advice on allowable rental tax deductions
- Capital Gains Tax (CGT) advice
- Rental property cash flow analysis
- SMSF advice for rental properties
With our expertise and experience, we are confident in our ability to help you achieve your financial goals and make the most out of your rental property investments.
PAYG VARIATION - SECTION 221YD
We understand the importance of cash flow for real estate investors and specialize in assisting our clients with obtaining PAYG withholding variations. These variations allow you to receive your tax benefits regularly, improving cash flow and making investment property ownership more affordable.
The benefits of a PAYG withholding variation include:
- Cash flow improvement: A downward PAYG withholding variation reduces the amount of PAYG tax withheld, accounting for additional tax deductions such as tax-deductible expenses and depreciation from your investment property. This ensures you have more cash in hand regularly rather than waiting for an annual tax return.
- Building a property portfolio: This variation can be particularly beneficial for those looking to expand their property portfolio, as it helps make additional investment properties more affordable.
- Depreciation claims: Furthermore, claiming depreciation can further enhance your cash flow.
It's important to note that a PAYG withholding variation, or Section 221YD, does not replace the need for a normal tax return. You will still need to consult an accountant at the end of the year to calculate the actual amount of tax owed.
Our Services:
At Newcastle Accounting Services, we provide expert assistance and guidance with the application and calculation of Section 221YD and other tax deductions. Our goal is to ensure you receive your tax benefits as soon as possible, allowing you to focus on growing your rental property portfolio with peace of mind. Contact us today to benefit from our specialized services tailored to your rental property needs.
Our key services include:
- Rental Property Tax Returns
- Tax planning and compliance for rental properties
- Advice on negative gearing
- Guidance on positive geared properties
- Maximizing cash flow from rental properties
- Assistance with rental property ownership structures
- Rental PAYG Variations
- Advice on allowable rental tax deductions
- Capital Gains Tax (CGT) advice
- Rental property cash flow analysis
- SMSF advice for rental properties
With our expertise and experience, we are confident in our ability to help you achieve your financial goals and make the most out of your rental property investments.
PAYG VARIATION - SECTION 221YD
We understand the importance of cash flow for real estate investors and specialize in assisting our clients with obtaining PAYG withholding variations. These variations allow you to receive your tax benefits regularly, improving cash flow and making investment property ownership more affordable.
The benefits of a PAYG withholding variation include:
- Cash flow improvement: A downward PAYG withholding variation reduces the amount of PAYG tax withheld, accounting for additional tax deductions such as tax-deductible expenses and depreciation from your investment property. This ensures you have more cash in hand regularly rather than waiting for an annual tax return.
- Building a property portfolio: This variation can be particularly beneficial for those looking to expand their property portfolio, as it helps make additional investment properties more affordable.
- Depreciation claims: Furthermore, claiming depreciation can further enhance your cash flow.
It's important to note that a PAYG withholding variation, or Section 221YD, does not replace the need for a normal tax return. You will still need to consult an accountant at the end of the year to calculate the actual amount of tax owed.
Our Services:
At Newcastle Accounting Services, we provide expert assistance and guidance with the application and calculation of Section 221YD and other tax deductions. Our goal is to ensure you receive your tax benefits as soon as possible, allowing you to focus on growing your rental property portfolio with peace of mind. Contact us today to benefit from our specialized services tailored to your rental property needs.
XERO CLOUD ACCOUNTING
As proud Xero Accounting Advisors, we offer comprehensive services related to Xero Cloud Accounting. Our experienced team of accountants and bookkeepers is dedicated to assisting you with all your Xero needs, from initial setup to ongoing support and training. Whether you're a small business owner or a large corporation, we have the expertise to provide you with a seamless Xero experience. On this page, we'll explore the benefits of Xero Accounting Software, its key features, and how we can help you maximize its potential.
What is Xero Cloud Accounting Software?
Xero is a cloud-based accounting software that empowers small businesses with an efficient and effective solution for financial management. Offering features such as invoicing, banking, payroll, and tax preparation, Xero is designed to save time and facilitate informed decision-making. Xero Cloud Accounting refers to utilizing Xero Accounting Software over the internet instead of traditional desktop software. This means that your financial data is securely stored on remote servers, accessible from anywhere with an internet connection. With Xero Cloud Accounting, you can manage your finances on the go and collaborate with your team in real-time.
At Newcastle Accounting Services, we recognize the potential power of Xero for your business. However, to fully harness its benefits, you need the right support and guidance. Our team of Xero Advisors is committed to providing comprehensive advice, support, and training tailored to your Xero journey. We can help you get started with Xero, address any inquiries you may have, and offer ongoing assistance as you utilize the software.
MYOB Cloud Accounting & Bookkeeping
In addition to our Xero expertise, we are proud to offer expert MYOB cloud accounting and bookkeeping services to businesses in Newcastle. Our team of MYOB advisors brings years of experience in providing accounting, bookkeeping, and tax services, positioning us as the go-to firm for all your MYOB needs.
What is MYOB Cloud Accounting & Bookkeeping Software?
MYOB cloud accounting is a cloud-based software solution that enables businesses to manage their finances, payroll, invoicing, and expenses online. It provides real-time access to financial information from anywhere, at any time, facilitating effective financial management and keeping businesses at the forefront of their industry. MYOB bookkeeping is a cloud-based bookkeeping solution that helps businesses efficiently manage their finances and automate routine tasks. With real-time access to financial information and streamlined processes, MYOB bookkeeping offers an efficient and cost-effective approach to financial management.
At Newcastle Accounting Services, our team of MYOB advisors is dedicated to helping businesses in Newcastle make the most of their MYOB cloud accounting and bookkeeping software. Whether you require advice, support, or training, we are here to assist you. Contact us today to learn more about our MYOB services and how we can help your business thrive in the digital age.
Welcome to Newcastle Accounting Services, where we understand the intricacies of Capital Gains Tax (CGT) and its impact on your financial portfolio. CGT is a tax levied on the profits generated from the sale of capital assets such as property, shares, cryptocurrency, managed funds, and collectibles.
ASSETS SUBJECT TO CGT INCLUDE:
Real estate (including your primary residence, subject to certain conditions)
Shares and securities
Cryptocurrencies like Bitcoin and Ethereum
Managed funds
Collectible items such as art, coins, and jewelry
Business assets like goodwill and intellectual property
Depreciable assets like equipment and machinery
Reporting a capital gain to the Australian Taxation Office (ATO) is crucial, and it must be done within the financial year in which the asset was sold. The reporting process occurs within the tax return of the asset owner, whether it's an individual, company, unit trust, discretionary trust, family trust, or self-managed super fund (SMSF). Each structure has distinct tax treatment and offsets, emphasizing the importance of seeking expert advice to minimize your tax liability.
When preparing and lodging your CGT return, it's essential to enlist the assistance of a knowledgeable tax agent. A tax agent possesses the expertise to ensure the accuracy of your return, maximize the deductions and offsets you're entitled to, and provide guidance on strategies to minimize your CGT liability. Moreover, they ensure your compliance with relevant tax laws and regulations.
At Newcastle Accounting Services, we take pride in serving the Newcastle community and its surroundings. Our experienced team of tax professionals specializes in providing expert advice on investment and capital gains tax matters. Whether you're an individual, a business entity, or managing a self-managed super fund, we can assist you in navigating the complexities of the tax system and minimizing your tax obligations. Our ultimate goal is to help you achieve your financial objectives and optimize your returns on investments. With our specialized knowledge and expertise, we provide the guidance and support you need to make well-informed decisions regarding your investments and tax planning. Contact us today to benefit from our comprehensive services.
ASSETS SUBJECT TO CGT INCLUDE:
Real estate (including your primary residence, subject to certain conditions)
Shares and securities
Cryptocurrencies like Bitcoin and Ethereum
Managed funds
Collectible items such as art, coins, and jewelry
Business assets like goodwill and intellectual property
Depreciable assets like equipment and machinery
Reporting a capital gain to the Australian Taxation Office (ATO) is crucial, and it must be done within the financial year in which the asset was sold. The reporting process occurs within the tax return of the asset owner, whether it's an individual, company, unit trust, discretionary trust, family trust, or self-managed super fund (SMSF). Each structure has distinct tax treatment and offsets, emphasizing the importance of seeking expert advice to minimize your tax liability.
When preparing and lodging your CGT return, it's essential to enlist the assistance of a knowledgeable tax agent. A tax agent possesses the expertise to ensure the accuracy of your return, maximize the deductions and offsets you're entitled to, and provide guidance on strategies to minimize your CGT liability. Moreover, they ensure your compliance with relevant tax laws and regulations.
At Newcastle Accounting Services, we take pride in serving the Newcastle community and its surroundings. Our experienced team of tax professionals specializes in providing expert advice on investment and capital gains tax matters. Whether you're an individual, a business entity, or managing a self-managed super fund, we can assist you in navigating the complexities of the tax system and minimizing your tax obligations. Our ultimate goal is to help you achieve your financial objectives and optimize your returns on investments. With our specialized knowledge and expertise, we provide the guidance and support you need to make well-informed decisions regarding your investments and tax planning. Contact us today to benefit from our comprehensive services.
Welcome to Newcastle Accounting Services, your trusted destination for expert tax advice and services related to investments. Our qualified Tax Accountants specialize in investment-related taxes, including Capital Gains Tax (CGT) and ongoing investment income tax.
OUR SERVICES INCLUDE:
- Capital Gains Tax (CGT) Advice & Tax Returns:
- Rental Properties
- Shares
- Cryptocurrency
- Managed Funds
- Income Tax
Dividend Advice:
- Trust Income Distribution Advice
- Domestic Tax Advice
- Foreign Income Tax
- Assistance with the tax implications of Negative Gearing
Legal Structures for Investment Ownership:
When it comes to investment ownership, there are various legal structures available in Australia, including:
- Sole trader
- Partnership
- Trust
- Company
- Self-managed Superannuation Fund
Each structure has its own advantages and disadvantages. It is crucial to seek professional advice to determine the best structure for your specific situation.
Why Obtain Advice on Investment Ownership:
- Determine the best structure for your specific situation
- Minimize tax liability
- Maximize investment returns
Ongoing Tax Advice:
- Income Tax
- Foreign Tax
- Capital Gains
At Newcastle Accounting Services, we understand the complexities of investment-related taxes. Our team of experts is dedicated to providing tailored advice and comprehensive services to help you optimize your tax position and maximize your investment returns. Contact us today to discuss your specific needs and let us assist you in achieving your financial goals.
OUR SERVICES INCLUDE:
- Capital Gains Tax (CGT) Advice & Tax Returns:
- Rental Properties
- Shares
- Cryptocurrency
- Managed Funds
- Income Tax
Dividend Advice:
- Trust Income Distribution Advice
- Domestic Tax Advice
- Foreign Income Tax
- Assistance with the tax implications of Negative Gearing
Legal Structures for Investment Ownership:
When it comes to investment ownership, there are various legal structures available in Australia, including:
- Sole trader
- Partnership
- Trust
- Company
- Self-managed Superannuation Fund
Each structure has its own advantages and disadvantages. It is crucial to seek professional advice to determine the best structure for your specific situation.
Why Obtain Advice on Investment Ownership:
- Determine the best structure for your specific situation
- Minimize tax liability
- Maximize investment returns
Ongoing Tax Advice:
- Income Tax
- Foreign Tax
- Capital Gains
At Newcastle Accounting Services, we understand the complexities of investment-related taxes. Our team of experts is dedicated to providing tailored advice and comprehensive services to help you optimize your tax position and maximize your investment returns. Contact us today to discuss your specific needs and let us assist you in achieving your financial goals.
As experts in SMSFs, we offer a comprehensive range of services, including accounting, tax, administration, bookkeeping, and audit. As a full-service accounting firm, we also proudly provide financial planning services to our clients.
Self-Managed Super Fund (SMSF):
A self-managed super fund (SMSF) is a private superannuation fund where the members are also the trustees. This structure allows individuals to have control over the investment strategy and administration of their fund.
The Importance of ATO & ASIC Compliance:
Compliance with the Australian Taxation Office (ATO) and the Australian Securities and Investments Commission (ASIC) is crucial for SMSFs. It ensures that the fund operates within the laws and regulations set by these agencies, avoiding penalties and preserving the fund's assets for the members' retirement.
Separation of SMSF & Individual Members:
It is essential to keep the SMSF separate from the individual members and their personal assets. This separation protects the assets within the fund, ensuring they are preserved for the purpose of providing retirement benefits to the members.
Our Comprehensive SMSF Services:
- SMSF Accounting
- SMSF Tax
- SMSF Administration
- SMSF Bookkeeping
- SMSF Audit
At Newcastle Accounting Services, we are committed to delivering high-quality and comprehensive services to our clients. Our expertise in self-managed super funds (SMSF) sets us apart from the competition. With our in-depth knowledge and experience, we can provide the guidance and support you need to effectively manage your SMSF. Contact us today to discuss your SMSF requirements and let us assist you in achieving your retirement goals.
Self-Managed Super Fund (SMSF):
A self-managed super fund (SMSF) is a private superannuation fund where the members are also the trustees. This structure allows individuals to have control over the investment strategy and administration of their fund.
The Importance of ATO & ASIC Compliance:
Compliance with the Australian Taxation Office (ATO) and the Australian Securities and Investments Commission (ASIC) is crucial for SMSFs. It ensures that the fund operates within the laws and regulations set by these agencies, avoiding penalties and preserving the fund's assets for the members' retirement.
Separation of SMSF & Individual Members:
It is essential to keep the SMSF separate from the individual members and their personal assets. This separation protects the assets within the fund, ensuring they are preserved for the purpose of providing retirement benefits to the members.
Our Comprehensive SMSF Services:
- SMSF Accounting
- SMSF Tax
- SMSF Administration
- SMSF Bookkeeping
- SMSF Audit
At Newcastle Accounting Services, we are committed to delivering high-quality and comprehensive services to our clients. Our expertise in self-managed super funds (SMSF) sets us apart from the competition. With our in-depth knowledge and experience, we can provide the guidance and support you need to effectively manage your SMSF. Contact us today to discuss your SMSF requirements and let us assist you in achieving your retirement goals.
