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ACCOUNTING &
BUSINESS STRATEGIES
From all your stock standard accounting services to the strategic business development offerings, Grace Team Accounting can help you
to create long term value.
GENERAL ACCOUNTING
We understand not everybody loves tax as much as we do. At Grace Team Accounting we offer all the stock standard accounting services for all your compliance and tax planning needs. We also offer additional accounting services such as GST, FBT and payroll to support your day to day operations.
FINANCIAL STATEMENTS, TAX RETURNS & TAX PLANNING
From the appropriate tax returns as required to helping you to plan for tax payments due. We make it easy for you to meet your taxation requirements by preparing your individual, company, trust and partnership tax returns, financial statements and annual reports.
HOW MUCH CAN I EXPECT TO PAY FOR MY ANNUAL ACCOUNTS?
Pricing can vary dependent on the structure type, size of operation, quality of record keeping, and the tax returns required. But as a starting point annual accounts are priced from $1800.00+GST
GST RETURN PREPARATION
PAYROLL
If payroll is a headache you would rather not manage we can take care of getting the PAYE information right and the filing arrangements for you. We can support a number of Payroll systems including Ace payroll, Xero payroll and more. For more information tak with one of our team and we will get you on the right track so you can get back to focussing on developing your team.
FBT RETURNS
Fringe benefit tax can be tricky especially if you're an employer that treats your team to special perks. We assist you to work out the FBT impact of providing that work car, or paying for an incidental such as health insurance and will file your return online and advise you of any payments due.
CASHFLOW REPORTING BI MONTHLY
ACC
SOFTWARE &
SYSTEMS
We offer you the expertise and support for a wide range of accounting software and payroll systems
so you can work smarter, not harder.
We are not limited to a one package fits everyone mentality and so can evaluate your business needs and provide the advice and support to get your systems running effectively.
BUSINESS PLANNING
Working on the business is critical to creating a clear direction and realising financial goals.
We will work with you to review past performance and create a clear direction for the future.
WHAT DO WE COVER IN A BUSINESS PLANNING SESSION?
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Discussing and setting both personal and business goals for the next 12 months -
Discussing and agreeing on an action plan with strategies to support achievement of goals -
Identifying Gross Revenue Targets and Key Performance Indicators -
Identifying opportunities and vulnerabilities in your business that need to be managed -
Establishing a 90 Day Action Plan to address immediate critical issues
WHAT ARE THE BENEFITS OF CREATING A BUSINESS PLAN?
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Review and set the direction of the business -
Eliminate procrastination -
Identify common goals amongst a number of directors (if applicable) -
Identify and prioritise your key goals -
Create strategies to achieve your goals -
Identify what you will need to achieve your goals -
Set timeframes for achieving your goals -
Develop a tool to communicate your business goals and vision with your team -
Divide your goals into short term and long term - quick wins vs. key projects -
Develop a template to review actual performance against targets -
Create a platform to develop Financial Forecasts -
Use your Business Plan as a basis for you to set team members’ individual goals / targets
WHAT TIME COMMITMENT WILL IT TAKE?
The initial session is a half day (4 hours).
HOW MUCH DOES IT COST?
A full business plan costs $2500.00+GST and the result of this is a working document that sets out clear directives, goals and targets.
BUSINESS COACHING
As the old adage goes it's important to work on the business rather than falling into the habit of working in the business.
Business coaching supports you in driving the business, reviewing performance and re-setting.
From each session you will create a realistic 90 Day Action Plan with timelines to keep you on track to achieve your annual Business Plan.
We work with a diverse range of clients who take advantage of our business development offerings.
Check out our FAQ on business coaching below or visit our blog to hear from some of our active clients.
BUSINESS COACHING FAQ's
WHAT DOES BUSINESS COACHING COVER?
WHAT ARE THE BENEFITS I CAN EXPECT FROM COACHING?
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Accountability and support from your coach to enable you to achieve your desired results -
Increase profitability and cashflow -
Determine a process to report your actual results against your budget -
Gain an understanding of the key drivers within your business and what impacts them -
Identify and solve your burning issues -
Gain access to an expert sounding board to thoroughly discuss your ideas -
Understand the impact of ideas prior to implementing them within the business -
Improve leadership -
Improve business performance by identifying ways to overcome challenging issues -
Keep your Business Plan as a ‘living document’ to ensure you are working towards your goals -
Align the directors in terms of prioritising what projects are important (if applicable) -
Access the collective wisdom of our accountants; our systems, products and services
HOW MUCH DOES QUARTERLY COACHING COST?
The annual commitment financially for this service is $3200.00+GST and paid each quarter.
HOW MUCH TIME DO I NEED TO ALLOW FOR EACH SESSION?
Each session is approximately 2 hours.
FUTURE PROOFING
BUSINESS PURCHASING &
SUCCESSION PLANNING
Looking ahead to the future from purchasing a business and getting to grips with the numbers or planning towards the exit end of the business cycle where the focus is preparing your business for sale and realising the value you have invested. We're here to help, we understand and have the expertise to support your needs.
PERSONAL WEALTH CREATION
We offer advice and support to future proof your financial freedom. Whether your focus is on personal wealth creation or protecting your wealth through a family or business trust to ensure it meets your ongoing needs and financial goals.
TRUST REVIEW
Ensuring your Family Trust is compliant and reflects your current objectives is key.
The robustness of Family Trusts is under ongoing scrutiny as a result of the Law Commission review on the law of Trusts. Our Trust Review service examines the set up of your trust, identifies any administration gaps, and ensures your Trust is compliant with legislation and that trustees are meeting their obligations.
We’ve developed a number of resources to help you to understand this sometimes complex topic.
It’s about maximising benefits you may be entitled to and protecting your assets from relationship property, family and creditor claims while preserving value for future generations.