Taxation
Whether you are an individual taxpayer; the owner of a small business or a self-funded retiree, Mercury Financial Groups Accounting arm can provide prompt, reliable and professional accounting services tailored to your needs.
Mercury has a long standing reputation for maintaining a highly skilled and client focused team. Our team are up-to-date with all the latest taxation law changes and offer specialised accounting services. We are committed to getting the best result for all our clients, and our professional approach means you are getting the best possible service.
We have built a team that offers expertise in various areas and our range of services include:
Taxation and BAS
Mercury offer professional and expert advice for Income Tax Returns, Business Activity Statements (BAS) as well as other related compliance requirements. We aim to maximise your refund and assist dclients in meeting all their complianc obligations with the ATO. Our team is well rehearsed in the preparation and lodgement of the following types of tax returns:
- Individual
- Partnership
- Company
- Trust
- SMSF
- BAS -monthly, quarterly or annually
Business
Here at Mercury we are well aware of the burden and obligations that every business faces. We assist all business from Sole Traders to Corportes in meeting these obligations on an on-going basis. We also provide business consultancy services wher we can highlight areas of any liabilities as well as providing advice on growth and Cashflow. Our Team possesses a wide range of experience in many industries such as retail, manufacturing, construction, primary production and many more. We have professionals that can provide specialised advice to your specific industry.
New Business
As business consultants we can assist any business at any stage. For those new to business we can offer advice and guidance on:
- Purchasing a business including valuation and finance
- Starting a new business
- Structure choices
Existing Business
The existing business faces many on-going challenges. Our Team can assist with the following areas:
- Cashflow
- Tax Planning
- Structure decisions
- Growth and expansion
- Succession planning
We have also aligned ourselves with other professionals to offer a wider range of services to the Business client including, insurance, bookkeeping and finance advice. We work closely with our associated professionals and you as the client to ensure a seamless financial service is provided at Mercury Financial Groups Queanbeyan office.
Investment
Investment is a growing area for many clients as they seek to accumulate wealth over time or provide for their retirement. Our services cover areas such as:
- Tax implications of various investment choices – What does it mean to earn franked income? or What are the implications of making a Capital Gain or Loss?
- Structure choice for holding of investments – How is tax levied in a structure and what are the advantages and disadvantages of holding an investment in a structure as opposed to holding it in your personal name. Structure choice is often an area that is overlooked when considering to enter into an investment. Our Team can assist with providing all this information to you to assist in your investment decisions.
Self-Managed Super Fund (SMSF)
Setting up a Self Managed Superannuation Fund can be complex and getting it wrong can seriously impact your future retirement. Mercury can assist you with establishing a Self Managed Super Fund and ensure you are aware of your responsibilities and obligations as a Trustee of the Fund. We also offer services to support you in your compliance obligation including preparation and lodgement of the SMSF tax return as well as the range of compliance obligations under the SIS Act. We also have qualified SMSF Auditors that can provide audit services as are required for every SMSF.
Audits
Mercury can undertake financial audits of financial statements for the following entities:
- Self Managed Super Funds
- Not for profit organisations
We have specialist auditors including accredited SMSF Auditors.
Bookkeeping
Mercury is able to put you in touch with professional bookkeeping services. We can work closely with them to ensure that your financial data is correctly recorded providing you the flexibility to obtain income statements and balance sheet information at anytime throughout the year.