Leading In The New Normal
The way we work and the way we live our life have changed dramatically in the last few years. At Leader Accountancy, we have made our commitment to help our clients achieve their goals and built family wealth.
Integrity
We have a responsibility to act in the public interest. We comply with the fundamental principles of integrity, objectivity, professional competence, due care, confidentiality, and professional behaviour in all our dealings.
Excellence
We set a high standard for what we do. We are passionate about accuracy and service excellence. To achieve it, we need to keep learning, innovating, and delivering the best performance in all matters.
Mutual Respect
We nurture trusted and enduring relationships with clients, team members, and communities to achieve our common goals.
Compassion
Compassion is a deep awareness of, and sympathy for another’s wellbeing. Within the team, we put the family to first with each other’s supports. We are also actively involved with the community we are living in.
What we Do
Tax Planning
Do you think you are paying too much tax on your hard-earned income? Feel free to give us a call. We will go through your financial records to see if you are paying the right amount of tax.
The meeting will be at $600+GST. We are guaranteed to find enough savings for you, or the consultation will be free!
Property Development Tax Issues
Do you know you need an experienced accountant to check your purchase contract BEFORE you sign it? Taxes in property development are significantly different from other businesses. Any small mistake or oversight could cost investors hundreds of thousands of dollars in cash!
Protect Your Business and Family Investments
During this uncertain time, is your assets are at risk? Did your business outgrow your current business structure by paying too much tax or leave too many assets unprotected?
We are here to help!
Better Business Program
It is a program tailored toward small to medium businesses to grow and develop a robust internal management system. Our Better Business Program is delivered in a time frame that works for you. We offer ongoing support to ensure your action plans implemented, and goals realised.
Valuation and Due-diligence
Buying? Are you going to purchase a business and not sure if you are paying a fair price? Our experienced financial review and custom-designed due diligence program will help you make an informed decision.
Selling? Many business owners regard their business as their “Superannuation”. That is, they are expecting the proceeds of the sale of their business to fund their next business venture or retirement. Unfortunately, most business owners believe their business is worth more than what it is. At Leader Accountancy, we are passionate about advising private and family business owners on how to grow the value of their business to achieve financial independence and security.
System implementation and post-implementation support
Are you catching the wave of new technologies? DIY or hired someone who lacks of experience? We have gone through so many different systems with our clients in various industries. We understand what you want and what makes ATO happy.
Get the new system invested is the very first small step forward. It needs consistent maintains and checking to make sure it generates meaningful information for you.
Want to improve the functionality of the system? We have in-house computer engineers to build custom API, or Power BI reports.
Specialties
Agribusiness
The Agribusiness sector is highly diverse and consists of operators involved in agricultural services or products across the food supply chain. Operators include primary producers of agricultural commodities, processors, manufacturers and wholesalers. Weather patterns heavily influence farm yields and input prices across the supply chain and have caused revenue to fluctuate in each segment over the past five years. The COVID-19 pandemic is anticipated to have a significant effect on agricultural supply chains. While strong demand from Asian export markets, along with increasing disposable incomes and changing diets, has supported operators in the sector over the past five years, the COVID-19 outbreak negatively affected export demand and sector performance in 2019-20.
Leader Accountancy team deeply involved with client’s agricultural operations. It included project acquisition, commodity forward contracts management, growing plan and variance analysis, livestock valuation, cash flow planning, assist with trade finance, tax planning and asset protection.
New migrant
Moving in or out of Australia? Plan ahead!
Change of tax residency can have a significant impact on your income tax and capital gains tax. Issues such as the 183 day test, double tax agreements, family residency or source of income can add much more complexity to your position. The Leader Accountancy team is experienced to help overseas investors to invest in Australia and plan ahead.
Hospitality
According to IBISWorld, revenue in the Restaurants industry is expected to increase by 1.8% in 2021-22, supported by rising discretionary incomes. However, the industry is anticipated to remain vulnerable to COVID-19 lockdowns, and venue capacities and social distancing requirements will likely remain in place over much of the current year. Rising discretionary incomes and growing consumer demand for quality food options are projected to support industry revenue over the period. It is also become increasingly tougher to manage the workforce.
Online business
While the Online business is moving from a new-age economy toward a more matured traditional business, The COVID-19 pandemic has benefited industry players. We found a lot of business owners in this industry overloaded with a significate amount of transaction records pushed into their accounting system. Integration from an online sale platform to an accounting system was designed to save time, but poorly implemented design could cost you a fortune to fix. Due to the large volume and higher transaction level, accurate costing become even more critical. Cash flow and further fundings need to be planned early for fast-growing businesses.
Our accountants and internal IT team (yes, we have our own programmers) will be able to help clients to review the system implementation and clean up accounting records. Then we are here to support your growth!
Technical and Vocational Education
Australian independent education providers (RTO and VET) have gone through a very tough two years. Heavy audit actions and COVID travel restrictions have put a lot of operators in financial difficulty. The survived operations are facing a dramatically changing market and competitive landscape. The market also demanded strong investment in ongoing market research and update courses to better prepare students for the workforce.
The lack of a good student management system and integrated CRM in the market, made collecting real-time financial data become very challenging and extremely time-consuming. We have built Power BI and report warehouse for clients to mitigate this issue. It provides accurate financial with confidence.
Property development
In Australia, we have a rather confused GST and Capital Gain Tax system for all businesses. This becomes even more confusing when it comes to Land Development and Subdivision industry. It is very critical to have our team review your purchase contract before signing any purchase contract AND before your agent issue any selling contract. Any small mistake or information missed could cost you a big tax bill!