Our people can assist our clients with their general accounting needs including;

• Bookkeeping services (which may include payment of suppliers, payroll management, and taxes)
• Preparation of management accounts
• Preparation of budgets and cash flow projections
• Preparation of statutory financial reports
• Preparation of financial information for banks, finance brokers and other third parties
• Assisting clients operate their own accounting software programs
• Real-time correction of accounting entries with client cloud-based accounting systems
• Advice on the application of Australian Accounting Standards

Our people have the necessary knowledge, experience and statutory registrations to assist with client’s audit and assurance requirements including;

• Audits of financial statements in accordance with the Corporations Act 2001
• Audits or reviews of accounts in accordance with the various State Incorporated Associations legislations
• Audits of self-managed superannuation funds
• Audits of Australian Financial Service License financial obligations
• Assurance engagements or reviews of non-statutory reports
• Examination of solicitor trust accounts
• Financial due diligence reports

Our people can assist our clients to achieve their financial and strategic goals by providing commercial advice including;

• Advice and assistance with the establishment of business structures
• Advice and assistance with the purchase or sale of businesses
• Preparation of business plans and financial projections
• Valuation of business assets, shares and intellectual property
• Cash flow management and budgets
• Managing growth and expansion
• Employee and management incentives
• Succession planning

Our people can assist our clients to ensure compliance with statutory requirements and the most appropriate corporate structure including;

• Assistance with statutory record keeping and lodgment of corporate documents
• Provision of ASIC registered agent and registered office services
• Assistance with incorporation of companies
• Advice and assistance on restructuring of corporate entities
• Corporate governance, regulatory and compliance advice
• Provision of Sophisticated Investor Certificates

Our people can tailor our services specifically to your family’s needs, considering its current situation and long-term goals, including the explicit needs of each family member.

We understand the dynamics of family business, and can assist in establishing structures and processes, no matter how simple or complex, to facilitate the growth and protection of family wealth.

Whether you want assistance to design your family office blueprint or develop its strategy, to conduct a health check on your existing structures or processes, or just access advice on one particular project or transaction, we work closely with your other trusted advisors (i.e., solicitors, financial advisors, etc) to ensure all are aligned to achieve your family’s needs and vision.

Our people can assist our clients in meeting their taxation compliance obligations including;

• Preparation of income tax returns for individuals, partnerships, companies, trusts and superannuation funds
• Preparation and lodgment of periodic activity statements
• Preparation and lodgment of fringe benefits tax returns
• Advice on projected tax liabilities, and monitoring lodgment and tax payment dates
• Assistance with Single Touch Payroll and other tax reporting obligations
• Negotiations with Australian Taxation Office and other tax authorities
• Assistance with payroll tax and land tax compliance obligations

Our people are focused on closing gaps and identifying opportunities to assist our clients to operate in a tax efficient manner including;

• Managing your affairs to maximise tax efficiency
• Mitigation of tax risks
• Assistance on establishing tax efficient business structures
• Advice on tax implications of business restructures and acquisitions
• Advice on capital gains tax, including exemptions and concessions on disposal of business assets
• Advice on international tax issues, including liaising with professional advisors in foreign jurisdictions
• Advice on tax implications of death or relationship breakdowns
• Advice on tax effective succession planning
• Advice on indirect taxes, including GST, FBT, payroll tax and land tax.

Our people can assist our clients with the accounting and tax advice in all area of superannuation including;

• Advice on contribution limits and withdrawal restrictions
• Advice on the taxation implications of superannuation, including contributions and superannuation income streams
• Advice on superannuation fund compliance obligations, including investment restrictions and trustee obligations
• Preparation of financial statements and income tax returns

Hughes Pettit Financial Services Pty Ltd holds a limited Australian Financial Services License (AFS License No: 484834) and can provide independent advice on superannuation including whether to establish a self-managed superannuation fund, and advice on contributions or pensions.

Our superannuation audit division, Hughes Pettit Assurance Services, are registered SMSF auditors and can undertake the audit of self managed superannuation funds for SMSF advisors, accountants and trustees.

Each of our registered SMSF auditors are also superannuation specialists recognised by Chartered Accountants Australian and New Zealand, and are well qualified to ensure your fund complies with the superannuation rules and regulations.

We take independence seriously, and therefore in accordance with Chartered Accountants ethical pronouncements, we do not audit any superannuation fund financial reports that the Firm has prepared. However, we engage a number of well-respected independent chartered accountancy firms to attend to the audit of those financial reports.