how YOU do business
We believe in providing information that you can act upon. By providing customised services we will help your business evolve, grow and succeed. Select the icons below to get a better understanding of how we do this.
Tax & Compliance
Modern business demands and up to date accurate financial information is important to every business.
We can relieve you and your staff of an enormous burden by taking care of all your bookkeeping and accounting needs, including the preparation of your annual accounts and periodic management accounts for tax, business appraisal and planning purposes.
We will discuss your requirements with you and provide you with tailored information and constructive advice on a regular basis.
At Pola Co we understand that starting a business is a big first step for anyone! Official stats from ASIC show that approximately 60% of start-up business’s fail in the first twelve months!! To avoid being one of those causalities you are going to need guidance in thinking through the process from the outset. At Pola & Co we have over 30 years experience in helping start-up business’s become successful, the process we follow in order for the business to have every chance of being successful is as follows:
- Financial situation
- Suitability (remove the “rose tinted glasses!”)
- Education and Awareness of compliance issues
- Business Plan
- Structuring & Registration of business
Tax Management (Income, GST, FBT, CGT,Audits)
Taxation can be a major cost to your business. At Pola & Co we will work in partnership with you to manage your tax and help you achieve your key objectives. As our motto is: “Pay what you must, but not a penny more!!”
We provide a complete service of help and advice in all of the following areas:
- Preparation of activity statements and advice on payment of tax
- GST/FBT/CGT obligations
- Advice on and implementation of tax effective structures for asset protection and tax minimisation
- Management of any ATO Audits or disputes
At Pola & Co we believe that Self Managed Superfunds are a great way of enabling you to be in the “Drivers Seat” of your financial destiny. As business’s owners often like to take advantage of the additional benefits of having a Self Managed Super Fund.
Self-managed Superannuation is a means of saving for retirement. It allows you to control your investment strategy, reduce tax while obtaining benefits, and control administration costs.
Superannution law is a delicate area and personalised planning is required for each individual. At Pola & Co we are superannuation experts, and can assist in establishing a superannuation fund that will effectively allow you to reach your financial retirement goals.
Services we offer include:
- Establishment of Self Managed Superannuation Funds
- Completion of Information for the Insurance and Superannuation Commissions
- Superannuation Audits
- Advice concerning Compliance Matters
- Advice concerning Taxation Benefits
- Advice on Employer obligations
When starting a new business or expanding an existing enterprise, it is vital to consider all of your options for the legal structure of your business. Pola & Co can give advice on legal and financial details to determine the business structure, which will best serve you and your tax planning needs. It is vital to structure your entities correctly as the variety of taxes and surcharges can severely restrict your year end profitability and your business succession plan.
Pola & Co can assist with Business Structuring for any of the following:
- Sole Traders
- Trusts (Discretionary/Unit/Hybrid)
- Joint Ventures
- Superannuation Funds
Let us help you make the right choice of accounting software. A decent accounting system will help you keep track of your cash flow and let you complete GST returns easily.
Choosing the right system for your business can be difficult. After all, there are over sixty accounting packages available in Australia. Here at Pola & Co we invest considerable resources into ongoing staff training to ensure we can recommend the best accounting solution for your business. Whether that system is cloud based desktop based or even Pola & Co managing it for you, we can ensure that you will have the best solution available for your business needs.
The pressures of daily business can often mean strategic cashflow planning takes a back seat – but to have a successful business you must plan ahead.
We’ll help you establish a strategic cashflow plan that looks at where you want your business to be in the next 3-5 years and exactly how you and your team can achieve these aims and objectives.
Your strategic cashflow plan will be:
- Define the characteristics of your company in three to five years
- Identify your competitors and industry trends
- Define your objectives and financial goals
- Put in place an effective implementation plan to achieve your goals
Are you happy with your current Superannuation provider? Have you recently received Shares, or have you purchased Shares recently and not sure what to do next? At Pola & Co we have an independent adviser (aligned with Australia Unity) who will review these areas of your Financial needs, and will prepare a “needs analysis” on what will best suit your circumstances to achieve your personal financial goals. Through this relationship Pola & Co will ensure that by working together we will achieve the best Tax Outcome and Financial Outcome for you, as by working together “the left hand will know what the right hand is doing!!”
Mortgage Brokering / Equipment Finance
Is your current Mortgage rate competitive? Have you recently done a review of your current mortgage rate and compared it to other financial and non-financial banks? Do you currently have any loans (both investment, personal or business) that you feel the interest rate might be high…or do you even know if it is high? If these questions are confronting, then you should come in and speak to us at Pola & Co on how we can help. Through our relationship with an onsite Mortgage Broker (First 4 Finance), we will be able to give you advice on whether there is a better rate in the market that you can leverage and save money.