Accountancy & Taxation

Comprehensive Tax & Accounting Solutions

We offer a full suite of taxation and accounting services designed to meet the needs of businesses and individuals. Whether you need ongoing compliance support, strategic tax planning, or specialist advice for complex structures, our experienced team provides tailored solutions.

Our core services include individual and business taxation, bookkeeping and financial reporting, BAS and IAS preparation, payroll management, and Self-Managed Super Fund (SMSF) compliance. We work with clients across diverse industries and structures, from sole traders to complex corporate groups and investment entities.

Individual Taxation Services

Our personal tax services ensure you claim every deduction you’re entitled to while remaining compliant with ATO requirements. We prepare tax returns for employees, business owners, investors, and retirees with:

• Personal Income Tax Returns – Comprehensive preparation covering salary and wages, investment income, rental properties, capital gains, and foreign income

• Rental Property Tax – Maximising deductions for investment properties including depreciation schedules, negative gearing strategies, and capital works deductions

• Capital Gains Tax (CGT) – Calculating CGT on asset sales, applying exemptions and concessions, and strategic timing advice to minimise tax

• Investment Income – Tax treatment of shares, dividends, managed funds, cryptocurrency, and foreign investments including franking credits

• Sole Trader Returns – Complete business and personal tax returns for sole traders including business deductions, GST, and tax planning

• Tax Planning – Proactive strategies to minimise tax including income splitting, timing of income and deductions, superannuation contributions, and structure advice

• ATO Compliance & Notices – Responding to ATO letters, amendments, audits, and disputes on your behalf

Business Taxation Services

We help businesses of all sizes navigate the complexities of business tax while identifying opportunities to minimise tax liability legally and effectively.

• Company Tax Returns – Complete preparation and lodgement for companies, including detailed profit and loss, balance sheet reconciliation, franking account management, and director obligations

• Trust Tax Returns – Family trusts, unit trusts, and discretionary trusts including distribution minutes, beneficiary tax planning, and trust deed compliance

• Partnership Returns – Partnership tax returns with profit allocation, partner distribution statements, and partnership agreement compliance

• Business Tax Planning – Strategic advice on timing of income and expenses, asset purchases, restructuring, and succession planning to minimise tax

• Small Business CGT Concessions – Accessing the 15-year exemption, 50% active asset reduction, retirement exemption, and rollover relief

• GST & BAS – Quarterly and monthly Business Activity Statement preparation, GST registration, cash vs accrual method advice, and input tax credit claims

• Fringe Benefits Tax (FBT) – FBT compliance, reporting, and minimisation strategies including car fringe benefits, meal entertainment, and employee benefits

• Payroll Tax – Registration, calculation, and lodgement for businesses exceeding payroll tax thresholds

• Tax Structuring – Advising on optimal business structures (sole trader vs company vs trust) for tax efficiency and asset protection

• R&D Tax Incentive – Identifying eligible activities and helping you claim the Research & Development Tax Incentive

Bookkeeping Services

Professional bookkeeping is the foundation of good business management. We provide accurate, timely bookkeeping so you always know where your business stands financially.

• Weekly or Monthly Bookkeeping – Regular updates to keep your accounts current and accurate at fixed monthly pricing

• Bank Reconciliation – Monthly reconciliation of all bank accounts, credit cards, and merchant facilities

• Accounts Payable – Processing supplier invoices, payment runs, and managing creditor relationships

• Accounts Receivable – Invoicing, debtor management, and aged receivables follow-up to improve cash flow

• Cloud Accounting Setup – Implementation and training for Xero, MYOB, or QuickBooks Online with bank feed integration

• Chart of Accounts Design – Customised account structures for clear reporting and better business insights

• Management Reporting – Monthly profit and loss, balance sheet, cash flow statements, and KPI dashboards

• Budgets & Forecasts – Budget preparation and variance analysis to track performance against targets

• Cleanup & Catch-up Work – Bringing historical books up to date when you’ve fallen behind

BAS & IAS Lodgement

We prepare and lodge your Business Activity Statements (BAS) and Instalment Activity Statements (IAS) accurately and on time, ensuring you meet ATO deadlines and avoid penalties.

• Monthly & Quarterly BAS – Complete preparation covering GST, PAYG withholding, PAYG instalments, and other taxes

• IAS Lodgement – PAYG instalment calculations and lodgement for income tax instalments

• GST Review – Ensuring all GST claims are supportable and compliant

• PAYG Withholding – Calculation and reporting of employee tax withheld

• Variation Requests – Applying to vary PAYG instalments when business circumstances change

Payroll Services

Payroll can be complex and time-consuming. We provide comprehensive payroll services tailored to your business needs, ensuring accuracy and compliance with superannuation and tax obligations.

Our payroll services include:

• Payroll Processing – Accurate calculation of wages, salaries, allowances, bonuses, and deductions

• Pay Slip Preparation – Compliant electronic or printed pay slips issued to employees

• PAYG Withholding – Calculation and reporting of employee tax to the ATO

• Superannuation Compliance – Monthly or quarterly super calculations at 11.5% (2024-25) and timely payment to funds

• Single Touch Payroll (STP) – Real-time reporting to the ATO with every pay run

• Award Interpretation – Ensuring compliance with modern awards, penalty rates, and entitlements

• Leave Management – Tracking annual leave, sick leave, long service leave, and leave loading

• Payment Summaries – End of financial year income statements for employees

• WorkCover – Workers compensation calculation, payment, and reconciliation

• Payroll Tax – Assessment, calculation, and lodgement where applicable

• Employee Onboarding – Setting up new employees with TFN declarations and super choice forms

• Termination Payments – Calculating final pays including unused leave entitlements and ETP treatment

Financial Reporting & Compliance

We prepare accurate financial statements that meet statutory requirements and provide meaningful insights into your business performance.

• Annual Financial Statements – Preparation of profit and loss, balance sheet, and cash flow statements

• Management Accounts – Monthly or quarterly management reports with commentary and analysis

• Director’s Report – Statutory directors’ reports and declarations for companies

• ASIC Compliance – Annual company statements and ensuring compliance with Corporations Act requirements

• Audit Support – Working with external auditors and providing required documentation

• Special Purpose Reports – Financial reports for banks, investors, or grant applications

Self-Managed Super Fund (SMSF) Services

We provide complete SMSF administration and compliance services to help you manage your retirement savings effectively.

• SMSF Setup – Establishing new SMSFs including trust deed, ABN/TFN registration, and bank accounts

• Annual Compliance – Financial statements, member statements, and annual tax returns

• SMSF Audit Coordination – Liaison with approved SMSF auditors and addressing audit findings

• Member Benefit Payments – Processing lump sums and pension payments in compliance with preservation rules

• Wind-up Services – Closing SMSFs and rolling over benefits to other funds when required

ATO Compliance & Audit Support

Dealing with the ATO can be stressful. We handle all communications on your behalf and represent your interests.

• ATO Notices & Letters – Responding to ATO correspondence including verification requests and data matching letters

• Tax Audits – Full representation during ATO audits and reviews

• Objections & Appeals – Lodging objections to ATO decisions and managing appeals

• Payment Plans – Negotiating payment arrangements for outstanding tax debts

• Penalty Remission – Applying for remission of penalties and interest charges

• Voluntary Disclosures – Managing voluntary disclosures to correct errors or omissions

Why Choose Wefunda for Tax & Accounting?

• 10+ Years Experience – Proven track record working with SMEs, investors, and professionals

• Proactive Tax Planning – We don’t just prepare returns, we help you minimise tax year-round

• Fixed Fee Pricing – Transparent pricing with no surprises

• Cloud Accounting Experts – Specialists in Xero, MYOB, and QuickBooks Online

• Responsive Service – Quick turnaround times and accessible when you need us

• Industry Knowledge – Experience across retail, professional services, property investment, trades, and more

• Strategic Advice – Beyond compliance, we help you make better business decisions

Get Started Today

Whether you need help with your personal tax return, business compliance, or strategic tax planning, we’re here to help. Contact us today to discuss your needs and find out how we can support your financial success.

Book a free initial consultation to discuss your taxation and accounting needs.