We take the burden out of tax for you, ensuring you receive a Maximum Refund and pay Minimum Tax.

Our services include:

• Tax Return preparation for individuals including all types of complex returns.
• Tax Return preparation for investors, small business, primary producers, corporate and trust returns.
• Assistance with Tax Office problems including audit assistance and other enquiries.
• Assistance with issues such the tax consequences of negative gearing or any other tax questions you have.

According to the ATO, 1.5 million Australians received a trust distribution for the 2009/10 financial year. Family Trust is often considered to be the most popular investment vehicle for private wealth. Despite its popularity there are a lot of myths and misinformation around how Trust works, such as:

• Only the very rich use trusts?
• Trusts are arrangements made for heirs, not for people like me.
• When you put funds in trust, it’s like locking up your money and throwing away the key?   
• Can you save money with a family trust?
• Trusts are too complicated?
• Trust services are expensive?

At HW Accounting we can explain these complex concepts in plain English and help you explore the many ways that you can benefit from a Trust. 

HW Accounting offers a variety of services for Self Managed Superannuation Funds (SMSFs), including structure, setup, advice, rollovers, the administration, compliance and audit. These services will enable you to take control of your superannuation, while offering you peace of mind in the compliance of administration the fund within the ATO’s guidelines. The director of HW Accounting is an ASIC licensed SMSF Auditor.

We can also assist you purchasing property within your super fund to ensure the tax benefits associated with this investment structure can be maximised.

We’re here so you can consult with your tax advisor before making investment and tax decisions. Keep in mind that tax laws are complex and frequently change. Careful planning beforehand can assist you in reducing the taxes you pay – as well as help you achieve your financial goals. We sometimes see taxpayers planning their tax affairs either recklessly or aggressively. These arrangements often attract ATO’s scrutiny and result in serious consequences. Please refer to ATO Tax evasion and crime webpage. 

We adopt and apply best practice tax planning both for compliance and financial benefit, so it best meets our clients' needs.

Investing money in real estate takes a great deal of time and resources and requires the right set of tools. At HW Accounting we will provide you with firsthand knowledge and a wealth of experience in dealing with property investment, including:

• Property investment “What If” analysis (Unit / House / Single Title / Joint Name / Trust / Super Fund);
• Renting vs Buying financial modelling; 
• Rental property periodical review - cash flow analysis;
• Personal finance - budget planning;
• Asset protection options;

Using Xero, a specialised online accounting software and with the knowledge and skills of your dedicated accountant / bookkeeper at HW Accounting, we can save you time and help you better understand your business’s financial metrics. You can manage your cash flow more easily, knowing who owes you money, track your sales and handle your bills. The price is dependent on your average number of transactions over a month.

We offer a range of tax compliance services, including:

• Preparation and lodgement of annual income tax returns for your business entities;
• Preparation and lodgement of monthly or quarterly Business Activity Statements and Instalment Activity Statements;
• Tax compliance for foreign income and investments in foreign countries;
• Tax compliance for employee share schemes;
• Standard corporate ASIC compliance services;
• Assistance with Tax Office audits and other enquiries.

We can help streamline your business processes through scalable cloud technology and give great tax planning and structural advice. 

We are experienced in addressing the complex relationships among private business entities, owners, family and employees of the business enterprise or family office. We help private companies and their owners evaluate the potential tax consequences of various business and personal wealth decisions, keeping tax, business, and personal objectives in mind. We can help explore tax-savings opportunities, prepare for changes in the tax and economic climate, and help resolve disputes with tax authorities. Our business / tax consulting services include:

• Business structuring;
• KPI development;
• Business valuations;
• Exit strategies;
• Tax planning;
• Accounting software assessment;
• On call taxation and accounting advice and planning.

If you want to move permanently to Australia, we can help you make the transition as smooth as possible. We are experienced in dealing with various business visa applications. We will work closely with your migration agent to ensure your business migration process is a smooth one.

R&D Tax Incentive

The R&D Tax Incentive applies to research and development activities and expenditure in income years commencing on or after 1 July 2011 and provides a targeted tax offset designed to encourage more companies to engage in research and development in Australia. It offers Australian companies up to a 45% refundable tax offset for eligible research & development expenditure. At HW Accounting, we can assist you with:

• Determining your eligibility
• Preparing applications to AusIndustry
• Required R&D record keeping
• Completion of the R&D schedule in the tax return
• R&D audits 

Export Market Development Grant (EMDG)

Are you an exporter of Australian goods or services? If so, you may be eligible for an Export Market Development Grant.

We consider both R&D Tax and EMDG to be a highly specialised but valuable and generous incentive for our clients to look into. Don’t miss out on your claims. They can provide significant financial assistance where you have eligible expenditure, making it easier to continue to invest in both research and expanding your international markets.