This Professional Fee Schedule forms part of the Engagement Letter (APES305) as required by Institute of Chartered Accountants Australia NZ and CPA Australia. Where hourly rates are quoted time is billed in 10 minute increments and you will be charged for time spent NOT outcomes. Out of pocket expenses are charged on a cost basis. Fee estimates current as at July 2024 and are excluding GST, excluding state stamp duty (if applicable), excluding any payment surcharges and subject to change without notice. Invoices are due and payable upon issue.
Property Investors and Airbnb/Short-Term Rental Accommodation Providers
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Investment Property/STR Consultation (in-person, Zoom, Email or Phone) $360 per hour
A meeting with the Managing Partner of the firm who is a Chartered Accountant with over 25 years experience advising hundreds of clients in investment property accounting, short-term rentals, commercial property, property development and tax planning
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Individual Tax Return with Investment/Airbnb Rental Prepared by a CPA Property Specialist from $440
Includes the ITR, one investment property or short-term rental, and detailed investment property deduction checklist 1.5 hours
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Additional Investment Properties/Short-Term Rentals $200
For each additional investment/STR property
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Minimisation of Capital Gains Tax on Sale of Property $360 per hour
Calculation and minimisation of Capital Gains Tax (CGT) when you sell a property and need to include it in your ITR. Fee will ultimately depend on complexity.
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Residential CGT valuations from $99
If you’re an investor: No need for a registered valuer. You save money and get compliant documentation faster. Final valuation fee will depend on complexity.
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Retrospective CGT valuations (e.g., backdated to a specific year) from $199
Where you didn't get a valuation at the point of moving in or out of a property. Final valuation fee will depend on complexity.
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Tax Depreciation Report for Investment Property $595
Via our partners at Duo Tax (special price normally $700)
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Short-Term Rental Company or Investment Property Corporate Trustee $1500
ASIC private company incorporation for short-term rental operators including required corporate documents: Consent to act as officeholder, Consent to Occupy, Allotment Journal, Company Constitution, Register of Members, Share Certificates
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Setup Short-Term Rental Chart of Accounts in Xero $540
Setup the firms proprietary chart of account specially designed for short term rental operators utilising platforms such as Airbnb and Booking.com
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Investment Property Trust with Individual Trustee $1500
Includes the Trust Deed setup by a Lawyer on Rider Accountant's advice but NOT including any personal legal advice
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Accountant's Letter for Lender starting at $600
Accountant's letter required by lenders for clients of the firm only and subject to verification and other checks. Professional accounting bodies of which we are a member recommend against issuing these letters which has meant that we have to report every letter to our insurance underwriters and our premium is adjusted per letter. This service is more than a letter its a guarantee that the lender relies on. Normally when we structure our client affairs we ensure the trustee or holding company has no ABN or TFN as this triggers the requirement for this letter.Existing clients can expect to pay at least $600. We do NOT issue Accountants Letters unless you are an existing client.
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Mandate Fee for Investment Property $900
Mandate fee to be quoted per deal. Working with our firm's broker to secure you finance for your property investment journey
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Short-Tem Rental GST Position Paper $720
This position paper impacts short-term rental and commercial residential operators and has been developed by this firm in conjunction with the ATO to guide business operators how to account for GST.
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Amendment for Lost Negative Gearing $360 per year
If you have missed depreciation or other property claims in prior years we will need to amend the proper year return to claim the most money
Individuals
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Standard Basic Individual Tax Return $240
Covers most salary or wage earners with basic deductions. Any extra work required will be charged at the adhoc rate
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Individual Tax Return Capital Gains Tax Schedule $120 per schedule
Cover shares, crypto and other capital gains or losses
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Ad Hoc Tax Work, Phone Call, Emails and Amendments $240 per hour
Extra accounting, tax work, phone advice, emails or amendments to prior year returns will be charged at an hourly rate for work performed
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Individual Tax Return ATO Objection from $720
An amendment, out of time request, correction or dispute regarding a prior year issued ATO Notice of Assessment.
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ATO Private Ruling from $2880
A private ruling is binding advice that sets out how a tax law applies to you in relation to a specific scheme or circumstance.
Sole Traders
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Sole Trader Tax Return Prepared by a Chartered Accountant from $540
Covers very small sole trader businesses with an ABN and an ITR 2 hours
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Sole Trader BAS (Business Activity Statement) from $120
Standard price covers a basic BAS. Generally there will be 4 BAS each financial year
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Ad Hoc Tax Work for Sole Traders $240 per hour
Extra accounting, tax work, phone advice, emails or amendments to prior year returns will be charged at an hourly rate for work performed
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New Australian Business Number (ABN) $240
New sole trader business with ABN add GST registration and business name as extra charges if required
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Annual GST Return $240
GST return for the whole financial year, generally only applicable if your income for the year is less than $75,000
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Taxable Payments Annual Report (TPAR) $120
Part of the taxable payments reporting system (TPRS), many businesses lodge a TPAR to report payments made to certain contractors
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Tax Return Amendments from $240
Amendments are charged for each year for up to 2 years from the Notice of Assessment. After 2 years an objection is required and this will be quoted on a cases by case basis.
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Uber Drivers Tax Return $360
Tax return that covers the individual tax return, Motor Vehicle Claim as well as the Small Business Schedule required by Uber drivers
Companies
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Company Tax Return Prepared by a CPA from $600
The base rate is for companies that have a bookkeeper and use an accounting system like Xero, otherwise add the Ledger Preparation service
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Company BAS with Xero from $120
This services covers only the review of each BAS in Xero and lodging with the ATO, it doesn't include preparation of the BAS
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Company BAS Preparation $240
For clients that don't use Xero and require preparation of the BAS using the Ledger
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Xero Training and Support $240 per hour
Xero Certified Advisor and Partner level support for Xero
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Payroll and FBT Returns from $240
Posting payroll and submitting annual FBT returns
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Annual Financial Statements Preparation From $1200
Full profit and loss, balance sheet and cashflow reporting
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Corporate Business Advisory $360 per hour
Engagements for business advisory work and forensic accounting are quoted on a project by project basis
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Annual Ledger Preparation $960
We will import your bank statements to our ledger ready to prepare BAS and Company Tax Return
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Division 7A Loan Agreement $360
ATO compliant loans from Company to Director
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Setup a New Company with ASIC $1500
Fee includes ASIC registration, company name search, Consent to act as officeholder, Consent to occupy, Allotment Journal, Company Constitution, Register of Members, Share Certificates
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ASIC Annual Company Return Management $240 per annum
Review ASIC correspondence to ensure solvency and send for payment
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Resident Company Director, Secretary and Office for ASIC $649 per annum
For foreign or non-resident directors who want to setup an Australian company but require local resident office holders
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Apply for Company TFN and ABN $240
Apply to the Australian Business Register and the ATO for a company tax file number (TFN) and Australian Business Number (ABN)
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Company Serviced Office Address for Privacy $40 per month
Useful for companies that want to setup a registered office address but don't want to use the directors' home address.
Note: If you pay by debit card or credit card , the card processing company will add a surcharge to the total transaction fee.
Trusts
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Setup a Discretionary (Family) Trust $1500
Setup discretionary original trust deed (plus certified copy) prepared by legal firm under our instruction including our out of pockets expenses and trustee resolution but NOT including your own legal advice, state based stamp duty or ATO Tax File Number
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Setup a Unit Trust $2000
Includes the Trust Deed and the associated accounting fees but not including your own legal advice
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Setup a Hybrid Trust $2400
Includes the Trust Deed and the associated accounting fees but not including your own legal advice
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Setup up a Corporate Trustee (simple Trustee only) $1500
ASIC private company incorporation including required corporate documents: Consent to act as officeholder, Consent to Occupy, Allotment Journal, Company Constitution, Register of Members, Share Certificates
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Trust Tax Return from $480
Simple Trust tax return - more complex returns will incur fees at the hourly rate
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Trust Resolutions $120
per Resolution and minimum one will be required each financial year
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Set of Trust Accounts from $720
Produced in Xero ledger based on bank transactions sent via CSV file downloaded from the bank
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UPE Investment Agreement $560
An ATO compliant agreement for reinvesting unpaid present entitlements back into the Trust
Partnerships
Self Managed Super Fund (SMSF)
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Register Corporate Trustee + Superannuation Trust $2000
Setup the superannuation trust and the corporate trustee including ABN and GST but NOT including consulting and tax advice. You should seek independent financial advice before setting up a SMSF
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SMSF Minutes & Resolutions Package $176
Ensure compliance with ASIC and ATO requirements for managing the fund
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SMSF Borrowing - Custody Trust $1600
For just the custody (or bare) trust required when borrowing money to buy an asset for a SMSF including the required resolutions and compliance letter
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SMSF Limited Recourse Borrowing Arrangement $960
Full borrowing documents that may be required by a lender or for private loan agreements or mortgages
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SMSF Pension Pack $400
Per pension when moving to pension phase
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SMSF Amendments From $600
Change of name, change trustee, amendments, corrections, replacement deed, vesting deed etc
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SMSF Binding Death Benefit Nomination $300
Per member
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SMSF Investment Strategy $208
Document your investment strategy to comply with the relevant laws
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SMSF Annual Accounts From $1200
Annual GPFR accounts generated using BGL SimpleFund 360 suitable for audit and including BGL fee
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SMSF Annual Audit From $600
Outsourced audit fees as required by Australian law. Final cost will depend on the quantity and complexity of transactions.
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Actuarial Certificate $352
May be required when transitioning to retirement
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SMSF Borrowing Bank From $500
Required when borrowing funds from the bank to buy investment property
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SMSF Borrowing Related Parties From $1250
Required when borrowing from related parties
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SMSF Change of Trustee $560
When you need to change the trustee e.g. for borrowing purposes
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Mandate Fee for SMSF Borrowing up to $2000
SMSF borrowing is complex and this mandate fee will cover the additional advice to be given on structuring the loan
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SMSF Annual BGL Software Administration Fee $175
Simple Fund 360 is Australia's leading SMSF administration software with powerful automation and AI-powered technologies for streamlining SMSF compliance.
Forensic Accounting
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Forensic Accounting Report on Business Losses From $3600
Minimum number of hours required to quantify business losses is 10 hours @ $360 per hour. Additional time may be required and will be quoted on a case by case basis.
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Family Law Forensic Accounting $360 per hour
Under instruction from an aggrieved party or from legal advisors, family law matters require delicate handling and often require substantial amounts of investigation.
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Business Valuation Disputes From $5040
Our firm will provide a valuation report on the value of a business in case of commercial disputes or family law matters.