We are a small, intimate Chartered Accounting firm, providing quality one-on-one business support.
“Chartered Accountants have long been recognized for their focus on highly technical and in-depth understanding of complex tax matters, ASIC and ACNC compliance, financial analysis and advice. Our highly skill team of Accountants provide comprehensive advice in all areas from your first individual income tax return to the sale of your companies.”
Our services include:
National Disability Insurance Scheme (NDIS) supports a better life for hundreds of thousands of Australians with a significant and permanent disability and their families and carers. The NDIS provides funding to eligible people based on their individual needs. This has created an entire new industry with many employment and business opportunities.
Pointons Chartered Accountant specialise in the ins and outs of the treatment of transactions within the industry as they are vastly different from other fields.
Natural Disaster/COVID Support
As we have unfortunately learnt, natural disasters can take the form of many different faces and touch all of us in some way shape or form. At Pointons, our Chartered Accountants have many years of experience in dealing with the aftermath of taxation, finances, and property post natural disaster. Over the years we have dealt with fire, cyclone, flood and recently COVID-19.
Our team excel in all aspects of supplying information, assistance, and applying for all government funded support applicable to each business structure available. We go above and beyond to ensure that all of our clients receive any possible assistance that may be available to them, even if you haven’t thought of it yourself, we are thinking of you.
By incorporating a company, you establish a separate legal entity that can be used to limit liability and functions as a catalyst for business growth. Our Chartered Accountants are well equipped to guide you through the step by step procedure for setting up your company including advice on types of shares issued and company structure.
Trust and Partnership establishment
Trusts and Partnerships are widely used for investment and business purposes. Our Chartered Accountants specialise in the assessment of your business needs to ascertain the appropriate business structure to suit your needs, not only now but moving into your future.
Self Managed Superannuation Fund establishment
Self Managed Super funds (SMSFs) are a way of saving for your retirement.
The difference between an SMSD and other types of funds is that the members of an SMSF are usually also the trustees. This means the members of the SMSF run it for their benefit and are responsible for complying with the superannuation and taxation laws.
The Pointons Chartered Accountant Team will guide you through the entire process of;
- Choose individual/corporate trustee
- Appoint your trustees
- Create Trust and Trust Deed
- Check the fund is an Australian super fund
- Register your fund and get an ABN
- Setting up Bank Account, Electronic service address
We can then take care of the day to day processing of transactions, end of year compliance audit and end of year income tax return lodgements.
While our Financial Planning Team are equipped with the knowledge and skills to advise on the best investment options.
The Australian Charities and Not-for-Profits Commission (ACNC) is responsible for the registration of Charities, and Not-for-Profit reporting. If you are considering starting a charity, registering your organisation as a charity, or operating a Not-for-Profit our experts can help you register your organisation and will provide you guidance and information regarding ACNC, its registration process and eligibility to register.
Investment Properties & Capital Gains Tax
When selling capital assets, such as real estate or shares, you will usually make a capital gain or a capital loss. The gain or loss will then need to be included in your income tax return. Although it’s referred to as capital gains tax (CGT), this is actually part of your income tax, not a separate tax. When you make a capital gain, it is added to your assessable income and may significantly increase the tax you need to pay and if you make a capital loss, you can’t claim it against your other income but you can use it to reduce a capital gain. All assets you’ve acquired since tax on capital gains started (on 20th September 1985) are subject to CGT unless specifically excluded. Most personal assets are exempt from CGT, including your home, car and personal use assets such as furniture.
If you’re an Australian resident, CGT applies to your assets anywhere in the world. Foreign residents make a capital gain or loss if a CGT event happens to an asset that is ‘Taxable Australian Property’. Our Chartered Accountants are highly skilled in calculating the cost base, advising on timing of the sale of your capital asset items and providing the best outcomes for taxation purposes.
Fly in fly out (FIFO) is a method of employing people in remote areas by flying them temporarily to the work site instead of relocating employees and their families permanently.
There is a wide range of tax deductions available to FIFO employees, and it can be difficult to sort out what you’re eligible for. To help cut through the confusion, we’ve compiled a list of tax deductions that all FIFO workers need to be aware of. We’ve spent over 20 years helping FIFO employees to maximise their return and this is just another way for us to make doing your tax easier.
Auditing of Self Managed Superannuation Funds, Clubs, Association, and Trust Accounts
Primary Producer Specialist
A primary producer is an individual, partnership, trust or company operating a primary production business if they undertake:
- Plant or animal cultivation
- Fishing or pearling
- Tree farming or felling
Primary Producer or Farm Accounting is a specialist area that requires an understanding of specific business, financial and taxation issues, including the use of Farm Management Deposit. Our Chartered Accounting Team have been working with Primary Producers and Farmers since the inception of the firm in 2000, with our David Pointons’ experience going back many years before. We pride ourselves in understanding the vast varieties of the Primary Production industry and the specific taxation requirements and concessions.
At Pointons, our professionals will guide you through the processes and application of various Centrelink applications and assessments including estimations for your Family Tax Benefit calculation, eligibility for allowances such as Youth Allowance, Aged Pension and more.
Wine Equalisation Tax
Wine equalisation tax (WET) is a tax on the last wholesale sale (that is, a sale to a reseller) of wine in Australia. If you make wine, import wine into Australia or sell it by wholesale, you’ll generally have to account for WET.
You need to register for WET if you:
- Are a wholesale, or producer of wine
- Are registered, or required to be registered for GST, and
- Have assessable dealings with wine.
Our Chartered Accountants will provide excellent services on:
- Registering for WET
- When and how much you have to pay
- Pricing of wine for WET purposes
- Calculate and claim your rebate
- Reporting and paying WET
Tax Preparation, Tax Minimisation, Advice & Planning
Pointons Chartered Accountants are well equipped to facilitate yearly tax planning to individuals and businesses with aim of minimizing your taxation liability. Effective tax planning needs to not only make financial sense and be consistent with overall business objectives, it must be also not run foul of either specific or general anti-avoidance provisions of the tax legislation.
To ensure success with your taxation planning we encourage the planning to start at the beginning, rather than end, of the financial year. Not only should it focus on tax strategies but also on legal structures. And finally it is vital that tax planning takes into consideration new and prospective tax legislation.