BLUESKY ACCOUNTING

BlueSky Accounting is a unique alternative to your traditional accounting firm. We provide you with a more personal touch as we take the time to learn about your business, understand your needs and become an extension of you.

As Chartered Accountants, we have all the experience and accreditation needed to provide advice of the highest standard, without the big firm pricing.

We understand choosing your accountant, financial and/or business advisor is a very important decision. By choosing us, you will benefit from our trusted support network, be confident that we influence and create industry best practice and value our responsiveness to change and your needs.

OUR PROMISE TO YOU…

WE WILL MINIMISE TAXPROTECT YOUR ASSETSCREATE WEALTHIMPROVE YOUR BUSINESS

WHY CHOOSE US?• We take the time to learn about you and understand your needs

• Think of us as your business partner, not just your accountant

• Big Firm experience without the Big Firm pricing

• Benefit from our trusted support network

• Be confident that we influence and create industry best practice

• Value our responsiveness to change and your needs

CLIENTSWE BELIEVE PEOPLE DO BUSINESS WITH PEOPLE THEY TRUST

We know our clients are our most important asset, thus we pride ourselves on building personal and long lasting relationships with each one of them.

PRIVATE BUSINESS & FAMILY GROUPS

We have all the technical skills to assist private business and family groups to manage their taxation and compliance requirements. However, our point of difference is our commitment to understanding you and your business to help you achieve your goals.

As trusted business advisors, our vision is to become an extension of your business. We will guide you through the challenges many Australian businesses face and help you identify and capitalise on opportunities.

INDIVIDUALS

Whether you are a sole trader, investor, salary & wage earner or high net worth individual, we are able to assist you with your tax and compliance requirements. We recognise each individual’s financial circumstances are different, thus the reason we provide a tailored service. We will commit our time to better understand your current financial position and your future goals.

SELF-MANAGED SUPER FUNDS

Self-Managed Superannuation Funds (SMSF) are the fastest growing sector in the superannuation industry, hence it is no coincidence we are experts in this field. Having your own SMSF provides you with the opportunity to take control of your super fund monies and invest in assets (residential and commercial property, shares, term deposits and listed trusts etc..) otherwise not available in your industry or retail fund. And all in a tax protected environment.

We can assist in the process of establishing a SMSF and ensuring ongoing ATO compliance.

ASSOCIATIONS

We understand the intricacy and responsibility of running a not-for-profit association or charity. We can assist with tax and compliance requirements and tailor our services for associations to include - corporate governance, board representation, strategic planning, KPI setting, audits, budgets/forecasts and cloud accounting.

FRANCHISES

Whether you are a franchisor or franchisee, we are well placed to advise you on tax and business issues you may face.

For the franchisor, we will set up the mechanics of your franchise model, ensuring you have the ideal structure to both maintain asset protection (brand name and IP) and reduce your risk (investor, employee, creditor or otherwise).

For the franchisee, we understand running a franchise business is not like running a typical business. As there are various stakeholders involved, reporting obligations that may need to be met are unique, start up cash flow and financing requirements need to be considered and ongoing tax and compliance requirements to be managed.

SERVICESWE ARE A FULLY INTEGRATED PROFESSIONAL ACCOUNTING FIRM, OFFERING A ONE STOP SOLUTION FOR ALL YOUR ACCOUNTING, FINANCIAL AND BUSINESS ADVISORY NEEDS.

ADVISORY

The right advice at the right time is the key to being able to make the right decisions for your business. Our extensive tax skills and commercial experience enables us to work with our clients to ensure they achieve their short and long term goals. Not only do we manage your tax and compliance requirements, but promise to deliver specialist and valuable tax and commercial advice.

TAX

The tax landscape in Australia is a complex and ever changing environment. For every business owner or individual, taxation can often be a very costly and difficult area to navigate. We’re committed to proactively and legitimately minimising your tax exposure.

FINANCE

Whether it is for a new home, commercial/residential investment property, property development, business, motor vehicle or equipment, we can arrange a finance solution that works for you. We will review your current financial position before connecting you with our trusted network of financiers. We will work closely with you and the lender to ensure you are well prepared to secure the loan(s) you require, at a competitive rate and in a commercially sound and tax effective manner.

FINANCIAL & MANAGEMENT REPORTING

For any successful business, the preparation of a quality set of monthly, quarterly or annual financial statements that comply with accounting standards is essential. A timely financial reporting process will empower you with the ability to:

• Review past performance and provide you with theinformation necessary to make the right decisions for yourbusiness at the right time.

• Report credible financial information to stakeholdersinterested in the financial performance and position of yourbusiness, including, suppliers, banking institutions, financiersand potential investors.

INSURANCE

Insurance is an essential part of protecting your personal and/or business wealth. Taking out the right insurance policy is critical to ensure the protection of yourself, your loved ones, and/or your business assets, while minimising your risk.

We will review your current insurance position before connecting you with and working closely with our trusted network of insurance providers to ensure you have the right policies.

The review will explore the suitability of insurance products for your specific situation, including Income Protection, Life & Total and Permanent Disablement (TPD), Trauma/Critical Illness and General Business Insurance.

SELF-MANAGED SUPERANNUATION FUNDS

We are experts in Self-Managed Superannuation Funds (SMSF’s) and are able to assist you to invest using your SMSF:

• Establishment of a SMSF, formation of a strategic plan andan on-going taxation plan

• Specialist advice on technical regulations andremuneration strategies

• Borrowing opportunities and arranging finance to purchase/develop residential or commercial property

• Assist with finding a suitable investment property

• Introduce you to our trusted stockbrokers to secureappropriate share investments

• Prepare annual financial reports and lodge annual incometax return for the fund

• Financial audit service and fund secretarial administration

CLOUD ACCOUNTING - XERO

Cloud accounting software such as XERO has enabled us to provide a better bookkeeping service to our clients. XERO is a cloud accounting software that securely stores and maintains your business data on remote servers off site from your location. This data sits in ‘a cloud’ and enables you and us as your accountant to access it with an internet connection at anytime from anywhere in the world. The software can integrate with a whole ecosystem of add-ons. It’s scalable, cost-effective and easy to use.

BOOKKEEPING

Our cloud accounting bookkeeping service allows our clients to maintain one point of contact and empowers us to provide you with timely advice based on real time data. The service includes:

• Accounts payable/receivable data entry and management

• Payroll & Superannuation

• Bank and Credit Card Reconciliation

• Fixed Asset Register management

• Periodic Profit & Loss and Balance Sheet reporting

VIRTUAL CFOAll business owners should have access to the skills and experience of highly trained professionals and BlueSky Accounting is able to provide just that!

Melad Aoun (CA), Managing Director at BlueSky Accounting is able to fill the role of a Virtual Chief Financial Officer (CFO). You can rely on Melad and his team to establish the support and systems needed within your organisation, provide strategic plans and cash flows to ensure that there is adequate funding for business growth, provide regular management financial reports, company secretarial services, board reporting services and access to a trusted support network.

ASIC / CORPORATE SECRETARIAL

If you are a director or a secretary of a company in Australia, there is a legal obligation to ensure the company is compliant with the Corporations Act. We can manage your company’s corporate file and assist with the preparation of resolutions to support the decisions and direction of the company. This is an important part of sound corporate governance and should not be overlooked. If not done correctly, ASIC has the power to enforce a range of possible penalties.

AUDIT

Whether to meet legal requirements, or satisfy the needs of financiers, shareholders or other stakeholders, we are able to provide you with the services of an independent Registered Company Auditor. We will maintain a close working relationship with you and will ‘hold your hand’ throughout the audit process. The audit procedures are tailored to provide clients with quality feedback in addition to statutory financial reporting.

RESEARCH & DEVELOPMENT TAX INCENTIVE

The Research & Development (R&D) Tax Incentive is the largest single program in Australia to help business undertaking research and development. The Government wants to support R&D across as many different business and industry sectors as possible, including manufacturing, IT, biotech, pharmaceuticals, agriculture and engineering, amongst others.

The R&D Tax Inventive is a great program because it returns a benefit to you, based on your prior year R&D spend. For companies with turnover less than $20 million, the 45% R&D Tax Incentive is a refundable tax offset, which means that once a company’s tax liability is reduced to zero, companies may access a cash refund for any unused offset amount.

We recommend you discuss this program with us early, so that we can make sure you have the right structure and documentation in place.

www.blueskyaccounting.com.au