A SMSF is your own personal Superannuation Fund that gives you greater control over how your Superannuation is invested, giving you the flexibility to decide where you invest your money. This could be an ideal option for DIY Investors who prefer to make their own investment choices for their retirement, rather than leaving the management of their superannuation in the hands of others.
The choice of investments can be wider with a self managed fund because of the opportunity to invest in direct property, as well as the more traditional superannuation investments such as shares and managed funds. SMSF is a highly complex and ever changing area.
We can assist you by managing and advising in regard to:
- Fund establishment;
- Estate planning;
- Taxation planning;
- Record keeping;
- Preparation of funds annual financial statements;
- Organising the mandatory fund audit; and
- Ongoing advice to the trustee.
In addition, our in house financial planning service can assist you with investment strategy and choice.
Peak Plan Management gives you more choice, control and time
to live the life you want with the support that you deserve.
This comes at no cost to you.
About us:
Peak Plan Management is an independent financial intermediary providing our services to participants of the National Disability Insurance Scheme (NDIS).
At Peak Plan Management we support you in managing your (NDIS) Funding. “Plan Management” is the financial management of your NDIS Funding.
Peak Plan Management are not aligned with any disability service providers which means we will always work in the best interests of our NDIS participants and their families.
How We Can Help You
Our Plan Management team handles the day-to-day administration and accounting that comes with an NDIS plan, including:
Everyone in business knows tax compliance and reporting regulations are onerous, time consuming and complex. At Peak Accounting Group we are here to help to ensure your records are accurate, up to date and processed with minimum disruption to your business.
From individual tax returns to complex business structures we can provide the right advice and help you comply with your obligations.
Tax law is complex, but it’s not just a matter of knowing or complying with the law, it’s about knowing how to apply it to our client’s individual needs.
We thoroughly review our client’s situation so that we can maximise the legal deductions available. By understanding our client’s business we can apply our knowledge to your situation.
We can provide assistance in the following areas:
- Income Tax Returns;
- BAS preparation and lodgment;
- Fringe Benefits Tax preparation and advice;
- Capital Gains Tax advice; and
- Book keeping advice.
Various studies indicate that 80% of small businesses fail in the first five years. Research indicates that those businesses, which are well prepared are those that perform best. Starting a business is a process. We can assist you with that process in the following ways:
Business Plan Preparation:
A well organised business plan gives you the ability to test your ideas on paper and provide structure to your business, what it does, its offerings and how you will achieve it. It also shows prospective financiers that you are serious about your business operations, have a plan on how to achieve your organisational goals and where you want to be in the next 5 years.
Business Structure Choice:
Choosing the business structure is not just about getting the best tax result. It is about what is right for you whilst providing flexibility for your future expansion plans. Getting the right business structure is crucial. We have experience with a wide range of structures starting from basic sole traders to complex trust and company structures.
Assess your Finance Requirements:
Sometimes the biggest obstacle to business growth is ensuring that you have the right finance in place to grow. A proactive approach to your business needs ensures that you have sufficient capital to grow in the future.
Business Registration:
Depending on your business you may need to be registered with several different bodies such as the Australian Taxation Office and ASIC.
Financial Controls:
We can formulate and implement financial controls that will comply with statutory requirements and assist in owner protection. It is easier to get your processes correct when the business is small, rather than waiting until later.
Assess ongoing viability:
As a general rule we like to discuss our client’s business results with them. We can also prepare management reporting packs that identify key drivers in the business and potential improvement areas. This helps you, the owner, keep control of your business.
Regardless of the level of maturity level of your business, from initial start-up through to established corporate enterprises, our business advisory team has the experience, insight and solutions that you need to achieve your business goals.
Review of Business Controls:
Sometimes simple measures can help your business control its resources, ensuring that the right person has access to the right resources to complete their jobs. In this case it is always about cost vs. benefit.
Review of Financial Performance:
The main objective in regard to financial reports must be that the reports are useful to the user. The first step is understanding the story the numbers are telling you and why.
Corporate Compliance:
Depending on the entity type you may need to prepare company or trust minutes of meetings, or you may need to prepare an annual company return. We can prepare all necessary documentation to ensure you comply with your requirements.
Business Strategic Planning:
Where is your business going? What are your goals and more importantly how are you going to get there?
Management Reporting:
What information do your managers need to complete their job appropriately? Is it timely accurate and relevant?
We believe that using the latest technologies creates efficiencies in our work flow. We have specialist software which can create a link between our computer system and yours providing fast support to any of your Accounting Systems. You don’t need to explain the problem, we can fix it online.
For those clients who are geographically remote, we can log on to your computer system, complete the work required and log off using our fully secured software.
This can also assist with management reporting as we can discuss your results with you and you do not even have to leave your workplace.
We have clients in several remote locations who have found this service invaluable and which has brought Peak within their office.
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