Accounting
Our expert accounting team includes Chartered Accountants (CAs) and Chartered Public Accountants (CPAs). At In The Picture, we’re fully qualified to take care of your accounting needs, and always happy to advise on any aspect of Australian and foreign tax, such as FBT and CGT, Income Averaging for Special Professionals, travel and Per Diem payments, grants, royalties and much more.
BAS Preparation
No doubt you’re already well aware of the repetitive reporting and compliance procedures surrounding your Business Activity Statements (BAS).
Australia’s Goods and Services Tax (GST) can be complex and confusing. That’s why we stay on our toes, keeping up with any changes to ensure we offer the most accurate, up-to-date advice.
If necessary, we can liaise with your company’s bookkeeper and internal accounting personnel to handle any GST questions or requests, such as BAS advice, ATO reporting, GST exempt transactions, BAS lodgements, and conflict resolution.
Bookkeeping
Our bookkeeping specialists are dedicated to maintaining your books in impeccable order. We can manage basic bookkeeping services such as payroll, BAS preparations and lodgement, and reviews for you. We can also provide friendly training sessions, and organise set up and rollover for Xero, Intuit, and MYOB.
Business
Advice
Our structured and professional advice will give you an edge in all aspects of your business. We’re here to help with everything from cash flow planning to business succession. Remember, with your everyday business under control, you have more time and energy to devote to your career. We can also help you build a personalised financial plan to help you continue doing what matters most to you in the future. Book now for your free half hour appointment.
Entity Formation &
Admin Services
In addition to assisting with your taxation needs, In The Picture can help you set up and structure your business to work in your best interests. We take care of matters like applying for and registering Partnerships, Companies, Trusts, Custody Trusts, and SMSFs.
We’ll also sort out ABN, TFN, GST, PAYGW, and Business Name registration and deregistration for you, and can manage Corporate Secretarial matters, such as ongoing ASIC management.
Income tax variations (221Ds) are also a specialty, and we’re happy to liaise on your behalf with the ATO on payment arrangements, penalty and GIC remission requests, as well as lodging extensions and cancelling registrations.
Finance &
Financial Planning
Our industry connections and close working relationships with brokers and financial planners enable us to connect you with the most appropriate advisers for your needs.
Income Averaging
The Australian Tax Office recognises that the income of certain taxpayers in creative industries can vary widely from year to year. To address this, Income Averaging, a highly specialised area of the tax code, is available to taxpayers classed as ‘special professionals.’ These include actors, writers, athletes, musicians, artists, and certain production associates.
We’re one of the few firms in Australia to specialise in Income Averaging. This concessionary tax enables eligible taxpayers to spread their taxable income over several years, which lowers their overall tax rate.
This video explains more about Income Averaging and how it may help you manage your tax. To find out whether you’re eligible, make an appointment today.
Property Service
Our property service can help you from the start, by finding the most suitable investment properties. We then provide ongoing advice that focuses on tax minimisation and wealth building, while maintaining a positive cash flow.
Superfunds
While properly set up Self Managed Super Funds (SMSFs) perform extremely well, it’s essential to understand the tight regulations that apply within the industry. The Australian Tax Office (ATO) imposes significant penalties for non-compliance.
Our expert team is across all these complexities and can facilitate thorough set up, administration, and ongoing advice to ensure you comply with all legal and regulatory requirements. In addition to administration, we can take care of all tax returns, reporting and financials required by the ATO. We also have a highly experienced internal SMSF audit team, offering professional services and competitive rates.
Taxation
We prepare tax returns for individuals, sole traders, partnerships, companies, trusts, and Self Managed Super Funds. For every type of entity, we’ll get your job done quickly and efficiently.
Financial Services Guide
Download our Financial Services Guide (FSG).
TASA Determination
Download our Tax Agent Services (Code of Professional Conduct) Determination 2024 S45.
