At LBK Advisory, we provide effective value-added services enabling your business to achieve its goals. One of our key aims is to ensure that our clients’ compliance needs are taken care of allowing you to focus on the growth and success of your business. We service all entities including companies, sole proprietors, partnerships, trusts and self-managed superannuation funds.
We utilise cloud based accounting software, including the major providers such as XERO and MYOB. Our team includes Xero Certified Advisors which ensures that you receive the highest quality service and up to date guidance.
COMPLIANCE, PLANNING AND STRUCTURES
The ever-changing tax environment demands a business adviser dedicated to keeping clients one step ahead of the relevant tax issues. LBK Advisory has a dedicated team of tax professionals who are focused on delivering timely, quality tax services to assist our clients navigate the complex tax landscape and provide solutions to complete tax issues which support client’s commercial objectives.
We are able to act as our client’s agent with the Australian Taxation Office and can represent you on all tax matters. We specialise in negotiating overdue tax returns and debts with the ATO and provide our clients with a voice for those that have avoided these issues and manage this difficult time for them.
We can also assist clients in ensuring all their compliance and lodgement obligations are met and offer guidance with any reviews or audits undertaken by regulatory authorities.
For all the winemakers, distributors, creators and every other small business that keeps SA great – we believe in you and support you. We are committed to working closely with you as you transition through the different cycles of business life. Our team can assist our clients in a variety of circumstances by providing critically appropriate business advice at each stage including assistance with preparation of a business plan. Our approach is to tailor our services to where your business is at and where you would like to be.
SUCCESSION PLANNING AND DECEASED ESTATES
LBK Advisory offers relevant support for succession planning. Handing over a business to family members or to new owners successfully can mean the difference between being financially sound going forward or losing the value of many years of hard work. More than 70% of family owned businesses do not survive the transition from founder to second generation. Developing and implementing a well-designed plan is essential to long-term success of businesses from the early start-up to future iterations. With a business sale, we can prepare the necessary financial information required to market the business and advise on the tax implications of the different methods of sale.
Have you been asked to be the Executor of a deceased estate and are you wondering where to begin? We specialise in assisting Executors of Deceased Estates in preparing tax returns and offering tax advice and we will work together with you to ensure that your obligations as Executors are met. We can offer the following services:
Calculate income tax and capital gains tax liabilities
Apply for an estate tax file number
Prepare final income tax returns for the individual and the estate
Organise the valuation of assets and businesses
Calculate and assist in distributing the estates net surplus to beneficiaries
Where the Will sets up an ongoing Trust fund (or Testamentary Trust) we provide Executors with accounting and taxation advice.
We are able to act as your agent with the Australian Securities and Investments Commission and assist with the obligations of your company. Our corporate governance services include:
Registered Office facility;
Minute and Resolution preparation;
Deregistrations of corporate structures;
Corporate register management; and
Preparation and filing of ASIC documents