Accounting Services

Straight forward and stress-free accounting services are what businesses of all sizes need form their accountants and we believe we provide exactly that. By providing cutting edge accounting and taxation services, and using the right products for your record keeping, our team at Burton partners will work closely with you to ensur we understand your needs. Only in this way can we help you achieve your goals, help you manage your cash flow and help you meet your tax obligations.

While fiscal compliance is of the upmost importance, we also believe in offering professional management advice and support at all times. We are committed to offering the highest level of friendly and professional service and welcome the opportunity to work with you.

The areas we specialise in are as follows:

• Accounting & Tax Consultancy Services
• Personal & Business Tax Returns
• Annual Reporting
• Business and Tax Advisory
• Business ‘start up’ advice
• Prepare Business plans and financial budgets and review these regularly
• Measure your performance against industry benchmarks
• Trust & company structures
• ATO correspondence Management
• Taxation – GST & PAYE advice, BAS preparation
• Liaise with the ATO on your behalf
• Self-Managed Super auditing
• Accounting software advice and assistance

At Burton Partners we will provide the time and expertise needed to help you complete all your accounting needs. Contact us today to discuss how we can work together: Phone: (03) 9703 2828 Fax:(03) 8795 7646 or info@burtonpartners.com.au

Business Start-Ups & Structures

There are four main business structures commonly used by small businesses in Australia and we can help with them all:

Sole trader: an individual operating as the sole person legally responsible for all aspects of the business.

Partnership: an association of people or entities running a business together, but not as a company. A partnership is relatively inexpensive to set up and operate.

Company: a legal entity that is separate from its shareholders.

Trust: an entity that holds property or income for the benefit of others. Trusts require a formal trust deed that outlines how the trust operates, requires the trustee to undertake formal yearly administrative tasks and if you operate your business as a trust, the trustee is legally responsible for its operations. A trustee of a trust can be a company, providing some asset protection.

It is important to note that you can change your business structure throughout the life of your business.

We can help with the following:

• Corporate Structures
• Updating your business plan
• Business value maximisation
• Systems review
• Sustainability
• Strategic planning
• Financial diagnostic analysis
• Cash flow and profitability
• Corporate compliance
• Formation of trusts and new company registrations
• Provision of registered office services for service of notices
• Attending to ASIC returns and regular filings on your behalf
• Business name registrations and maintenance
• Preparing minutes and drafting resolutions.

At Burton Partners we will provide the time and expertise needed to help you complete all your accounting needs. Contact us today to discuss how we can work together: Phone: (03) 9703 2828 Fax: (03) 8795 7646 or info@burtonpartners.com.au

Cashflow and Budgeting Advice

Budgeting is one of the most important business practices there is. If cash flow is miss managed then the results for any business can be serious. Burton Partners provide clear, expert advice designed to help you minimise risks associated with poor budgeting.

We look to take the stress out of the situation by creating realistic budgets focused on helping you tackle your financial challenges.

We work with you to create a manageable budget tailored to your situation. Then, we make sure that your cash flow is allocated correctly to help you meet your financial goals.

Our services include:

• Working with you to better understand your Profit & Loss Statements and your Balance Sheet. Only when this is done can you understand how best to manage your income and expenses.
• Helping you understand how to budget effectively.
• Helping you use budgets to better grow your business.
• Creating pathways to grow your business.
• Included is creditor, debtor and debt management.

We are also experienced in helping those with complex tax situations make sure their cash flow is helping reach desired outcomes.

At Burton Partners we will provide the time and expertise needed to help you complete all your accounting needs. Contact us today to discuss how we can work together: Phone: (03) 9703 2828 Fax: (03) 8795 7646 or info@burtonpartners.com.au

Cloud Accounting

Cloud accounting is essentially your accounting software stored and accessed from an online server which allows upgrading of software, tax tables for payroll, also data backups are managed remotely and automatically by the software provider. This is a great time saver for any small to medium business owner.

Our solutions will help your business take advantage of an eco-system where your accounting software is the centre of all your information. From manufacturing, inventory, to customer relationship management (CRM), rostering/timesheets to payroll, you will be in control of every aspect of your business represented by a thorough reporting system.

Please do not hesitate to contact us for an obligation free consultation session on business software solutions. Our well-trained staff will provide you with the best solution that suits your needs and budget. With customised solutions and hands-on and personal training, we are committed to deliver you a quality of service that will meet and exceed your expectations.

At Burton Partners we provide high levels of expertise in cloud accounting software solutions. Solutions that are helping streamline the way many small businesses improve their efficiency and cost management. Contact us today to discuss how we can work together: Phone: (03) 9703 2828 Fax: (03) 8795 7646 or info@burtonpartners.com.au

Goods & Services Taxes (GST)

Every transaction has GST implications. We have experience with these issues and are able to offer expert advice on the implications of GST for your business.

The GST related services we offer include:

• Assistance with registering for GST
• Help with BAS lodgements
• Filing and adjusting GST returns
• ATO audit assistance
• Advice on GST related issues

Burton Partners know the issues and requirements of the GST system and can help ensure you manage this tax properly. Contact us today to discuss how we can work together: Phone: (03) 9703 2828 Fax: (03) 8795 7646 or info@burtonpartners.com.au

Rental Properties

Like any form of business, property ownership can be less than hoped for. However, rental income, gearing, purchase, borrowings, management, appropriate structures, and advice are how Burton Partners help clients who rent commercial and residential properties.

Our aim is to ensure such investments generate the appropriate returns.

We assist in a variety of ways:

• Advice on funding
• Advice with purchasing
• Cash flow analysis of property investment
• Guidance in tax related areas including negative gearing and capital gains tax
• Advice on ownership structures
• Preparation of initial land tax returns and land tax variation returns

Burton Partners know the issues and requirements involved with rental property ownership and can help ensure you manage them properly. Contact us today to discuss how we can work together: Phone: (03) 9703 2828 Fax: (03) 8795 7646 or info@burtonpartners.com.au

SMSF Auditing/Compliance

There are many reasons why a business or association may need to be audited. These include audits regulated by ASIC, government departments and licensing authorities.

While we complete most forms of auditing we specialise in SMSF Audits. The regulations and laws surrounding SMSFs is very comprehensive and strictly enforced. It is imperative then that SMSFs are audited annually and to the highest standards.

Burton Partners take this responsibility very seriously. We will provide the time and expertise needed to ensure your SMSF is audited properly and that it complies with Australian regulations and laws at all time.

Contact us today to discuss how we can work together: Phone: (03) 9703 2828 Fax: (03) 8795 7646 or info@burtonpartners.com.au

Succession Planning

Succession planning is the #2 business concern of Small and Medium Enterprises (SMEs). However, the following statistics* show just how little business owners have done in regard to succession planning. Burton Partners is committed to helping our business clients address this weakness.

• Research shows that as much as 49% of business owners have an urgent need for succession planning;
• 9 in 10 business owners don’t have a succession plan in place; and
• Only 9% of businesses are ready for sale and
• 70% of business owners have not set a retirement date.

We believe there are three main reasons for this lack of action:

• Most business owners don’t fully understand what succession planning is;
• Most don’t know where to go for advice and support; and
• Succession planning is one of those ‘important tasks’ that is too easily put ‘until a later date’.

Succession planning is more than just selling your business, reviewing your insurance and/or preparing a financial or retirement plan.

Our Succession Planning Service features:

• Understanding yours and your successor/s needs and aspirations;
• Providing an independent business valuation and then establishing value improvement targets;
• Preparing a formal family and business succession plan;
• Obtaining expert advice (if needed);
• Providing training to your successors and ongoing support to ensure your succession plan goals and objectives are implemented.

The objective of our Succession Planning Service is to give you piece of mind knowing you are in control of your future business and family succession.

At Burton Partners we will provide the time and expertise needed to help you complete all your accounting needs. Contact us today to discuss how we can work together: Phone: (03) 9703 2828 Fax: (03) 8795 7646 or info@burtonpartners.com.au

*2016/17 SME Research Report.

Trust Advice

A trust provides a valuable way of protecting the assets you have accumulated for the benefit of yourself and others. A trust can also be an effective structure for running your business.

We have extensive experience with trusts and are able to offer specialist advice on establishment and compliance, ensuring that all statutory requirements are met.

Burton Partners are also able to organise for the preparation and execution of documentation involved in Trust formation.

Our Trust administration service includes:

• Minute keeping service
• Annual accounts
• Taxation
• Maintenance of CGT register
• Income distribution

Burton Partners know the issues and requirements involved with managing Trusts and can help ensure these tasks are undertaken properly. Contact us today to discuss how we can work together: Phone: (03) 9703 2828 Fax: (03) 8795 7646 or info@burtonpartners.com.au

Useful Links

Accounting Videos

General Calculators

Tax Deductions