Our BAS preparation & lodgements start at $125 with limited processing. The team can also help you process your BAS and fulfill your bookkeeping requirements. We are trained in all types of software, including industry-specific programs. Visit our section on flexible support to see some of the software we are also experienced in using.

Personalised BAS for your business

Business activity statements are personalised to each business or individual. Business activity statements need to report on your tax requirements as a business or sole trader. We may need to report on some or all of the following, in addition to your business activities:

• Goods and Services Tax (GST)
• Pay As You Go (PAYG) Installments and Witholding
• Fringe Benefits Tax (FBT)
• Fuel Tax Credits
• Wine Equalisation Tax
• Luxury Car Tax

HA Accounting ensures that your BAS is compliant, and also contains all the necessary information for reporting on your business activities. Other book keeping services offered by our team include:

• Reconciling your bank statements and transactions
• Payroll, as well as tax witholding
• Debtors and Creditors

HA Accounting has helped many clients start their new business by giving solid business advice. We are proud of our big portfolio of new businesses that we’ve helped to flourish.

Navigating the complex world of starting a business

Starting a business can be hard. The rules surrounding business activities can be daunting for first time business owners. At HA Accounting, we know how to start a business, and have helped many new businesses to get started.

Our team can help you to:

• Submit an ABN application
• Register your business name with ASIC
• Give advice on whether to register for GST
• Set up accounting software
• Organise your payroll
• Help set up your invoicing
• Organise a budget
• Develop a business strategy

Advice for growing your business

When you started your business, you probably invested a lot of time and energy into getting it off the ground. Without proper business advice from an adviser or accountant, that process alone can be tough. Those who have gotten through the business startup process may be wondering where to go next.

We can be with you at every step of the way to grow your business. Our team can help you through the process of:

• Starting an online store, or expanding online presence
• Opening another location
• Diversifying your business or product
• Pursuing new business opportunities
• Acquiring another business, or merging
• Expanding nationally

HA Accounting knows when to spot opportunities for growth of your business. Contact us and organise to have a chat with out experienced team if you’re looking to expand.

Our team specialise in dealing with Centrelink (DHS). From youth allowance, pension applications, to farmers’ household allowance assessments and reviews; our team have dealt with Centrelink and will not hesitate to use our direct contacts to help our clients in their moment of need.

Centrelink advice for people in all situations

We specialise in giving advice for the following:

• Youth Allowance
• Student, trainee, and apprentice benifits
• Grants
• Farmer’s Assistance
• Indigenous Australians
• Pensioners
• Families and Carers
• Job Seekers
• People with a Disability

Contact our team to find out more about the benefits that you are entitled to. You may be surprised to find that you’re entitled to a lot more than you’re currently getting.

HA Accounting has delivered advice in estate and succession planning for many clients. We cover many aspects; from farm succession planning, to retirement plans & testamentary trust setups. If you think you need to get yours or your family’s affairs looked at, we can offer a comprehensive financial health check as well.

Retirement planning

Retirement planning can save you thousands of dollars, so planning for your winding down should be a top priority. The team has plenty of strategies to make sure you meet your financial goals now, for your retirement, and for beyond retirement. We can help with:

• Superannuation
• Investments
• Capital gains tax minimisation
• Other tax minimisation strategies
• Business and farm handover

Business & Farm Handover

Business handover, or farm handover, can be one of the most complex parts of your estate planning.

We can help you to minimise capital gains tax and other burdens by using strategies such as gifting and foregone wages for farm land transfer without affecting your age pension.

Testamentary Trusts

Testamentary trusts benefits include asset protection and tax reduction for the beneficiaries from the inheritance income. When taking an inheritance in their personal name, the income is attributable to their personal income paid at their marginal tax rate.

There can be tax advantages in taking an inheritance through a testamentary trust in such cases listed below:

• A spouse with a high income in a high marginal tax rate
• A spouse with a lower income
• Minors (children and grandchildren under 18 years of age)
• Taking advantage of the tax free threshold
• Children or grandchildren in a low income bracket.

Deceased Estates

In the event of your loved one passing away, our team can assist with processing and winding up financial and tax affairs for you. We can assist with streamlining the process to make it as smooth as possible throughout this difficult time.

Financial planning is a great way to make sure you meet your financial goals both in the present and in the future. Your peace of mind is important to us in managing your finances.

Comprehensive financial advice

We can provide financial advice for the following:

• Superannuation lookup services
• Personal budgets and savings goals
• Accounting-based plans
• Financial health checks
• Compliance for self managed super funds
• Entity structure advice
• Tax minimisation and tax planning

Although we don’t operate under an authorised license for financial advice, we can provide you with factual advice and work with financial planners. We can refer any tasks above our qualifications to an authorised and financial planner that is part of our business network.

Are you wanting to lodge your tax return, but not sure where to start?

Our experienced team of accountants can assist with preparation as well as lodgement of your income tax return.

We provide good quality tax returns at an affordable price. We do this while implementing tax minimisation strategies to maximise your refund and deductions.

Your tax return, without leaving your home

Our focus is on providing a service that is as easy as possible for you. Our accounting team offers tax returns that can be done remotely, from your own home. We offer both face to face and over the phone appointments. We are also tech-savvy and can remotely assist you to help you get your tax return underway. Then we can handle the rest for you. You can be sure that your tax return is all sorted, and that you’re also getting the most out of your refund.

Tax minimisation strategies

We are experienced in many areas of tax minimisation and know when to spot a tax deduction that you have a right to claim. As a point of difference, our friendly team take the time to get to know you and your circumstances in order to maximise your tax refund by identifying deductions that you weren’t aware of. Our team can ensure that our tax returns also include tax deductions & claims for:

• Deductions
• Dividends
• Investments
• Rental properties (including negative gearing)
• Capital allowance deductions
• Tax offsets
• We can also handle complex capital gains tax issues.

Income tax returns (Individual & Business)

We can handle your personal income tax return or returns for your business. Just contact us to find out about how we can maximise your refund.

Why Xero?

In Australia Xero is the fastest-growing cloud-based accounting software. And the only software we highly recommend here at HA Accounting. Since its beginning in 2006. The software now services over 180 countries across the globe with over 1 million subscribers. So with those types of stats, you know they are doing something right. Here at HA Accounting 90% of all clients use Xero. They also benefit from us being a xero practice as a GOLD champion. As this is a cloud based software HA Accounting has clients across Cobram, Albury-Wodonga, Tocumwal & Melbourne. They will be the first to tell you that you really do see the benefits.

Here at HA Accounting we believe the below points are the top 5 reasons why Xero is your #1 online accounting platform.

1. One System – Many Applications

First of all the number one benefit of this software starts with having all your accounting needs in the one place. All the essentials are there including quoting, invoicing, payroll, GST, bank reconciliations, expense tracking, tax, reporting and much more. With a Xero certified practice and who use their tax software we save our clients hours and thousands of dollars in compliance.

2. Up-to-Date Features

With the latest up-to-date features and customisable add-ons, the software is ahead of the game with the latest in accounting best practice. It pairs easy to use tools with direct design to deliver an all-inclusive accounting platform. ServiceM8, receipt bank, Kounta just to name a few.

3. Flexible Customisation

Another reason why Xero is beautiful accounting software is the over 500 add-on applications allows small business owners the flexibility to customise the platform to their own specific needs. So whether you are a tradie, hairdresser, uber driver or psychologist, you can tailor the platform to suit your needs.

4. Real Time Data on Any Device at Any Time

One of the key selling points of Xero for our plumber and building accounting clients is it allows businesses better control over their financials with access to real time data on any device at any time. Business owners can get a snapshot of their current financial position quicker than your local barista can make your coffee.

5. Automation

This is really the big one to end on. The software allows business owners the chance to automate many of their time-consuming financial and administrative tasks. Automating your accounting tasks frees up more time to do what you love – and what earns the dollars!

Why you need HA Accounting to Xero in on your business?

HA Accounting is your best Xero Accountant

Xero is your leading choice when it comes to online accounting platforms. It’s easy to use the system, many handy add-ons, flexible customisation and automation mean your finances are being managed to the best of their ability. It’s important to get the most out of the software to use a Xero accountant.

The next component of your accounting journey is to enlist an accountant. Your accountant is more than someone who just works your numbers. They are there to guide you through every step of your business and help your business to grow.

There are many pieces of advice you can follow when choosing the right accountant. Our main piece of advice follows on from our recommendation of Xero as your preferred accounting platform. If you have chosen Xero as your online accounting system, you want your accountant to be the master of the software. They need to know Xero like the back of their hand like we do. This is where the difference lies.

Xero Accountants should be Certified

There are some accountancy firms that are ‘Xero certified’. This just means they have completed some additional training and earned their Xero certification. Don’t get us wrong they know the software, which is great. You want your accountant to be qualified and educated in the program. The only problem is those accountants who achieve their certification, yet then fail to utilise the system. Their certification could be to attract clients or to add extra kudos to the firm. But unless those accountants are utilising the system on a day-to-day basis, the certification is worth no more than the paper it is written on.

When searching for your accountant, ensure to confirm if they are a Xero tax accountant and not just Xero certified. This will ensure that they are best equipped to manage your finances and work with the software. This is important when it comes to preparing your tax return and quarterly BAS preparations. This might seem like a not so important topic. However, this can save you thousands in accounting fees. As we use Xero tax we see the benefits in the second year the automation means we can spend more time on what matters most and finish our clients’ financial statements and tax returns in half the time.

Doing your accounting homework prior to enlisting your accountant will save you not only time but money down the track.

Contact Zac in our Albury & Tocumwal offices to discuss the many benefits that Xero and HA Accounting can bring to you