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.
Individuals
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Standard Basic Individual Tax Return Prepared by a Chartered Accountant $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 $300
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 $600
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 $480
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 $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) $300
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 $300
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 $300
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 $499
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 $180
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 $320
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 $1000-$3000
Full profit and loss, balance sheet and cashflow reporting
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Business Advisory $240 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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New Company Setup with TFN and ABN $1500
New Pty Limited company with all corporate documents, issued shares, director, public officer and ABN.
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Division 7A Loan Agreement $360
ATO compliant loans from Company to Director
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Setup a New Company $1500
Fee includes ASIC registration, constitution, share certificate, resolutions as required, TFN application, ABN application (if required), company name search
Note: If you pay by debit card or credit card , the card processing company will add a surcharge to the total transaction fee.
Property Investors
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Individual Tax Return with Investment Rental Prepared by a CPA Property Specialist from $360
Includes the ITR, one investment property, and detailed investment property deduction checklist 1.5 hours
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Additional Investment Properties $200
For each additional investment property
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Capital Gains Tax on Sale of Property from $480
Calculation 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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Tax Depreciation Report for Investment Property $595
Via our partners at Duo Tax (special price normally $700)
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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
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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. Existing clients can expect to pay $600 but if you are not an existing client and we are required to investigate your financial affairs for an external financial institution, the fee will be 2 or 3 times this amount.
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Finance for Investment Property POA
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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Investment Property Trust with Corporate Trustee $3500
Includes the Trust Deed and a Pty Ltd Corporate Trustee suitable for property investment including the NSW Land Tax clause
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Investment Property Trust with Individual Trustee $2000
Includes the Trust Deed setup by a Lawyer on Rider Accountant's advice but NOT including any personal legal advice
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Investment Property Consultation (in-person, Zoom, Email or Phone) $300 per hour
Have a meeting (virtual or otherwise) with the Managing Partner of the firm who is a Chartered Accountant with over 25 years experience advising hundreds of clients in property and who has a large property portfolio himself
Trusts
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Setup a Discretionary (Family) Trust $2000
Includes the Trust Deed and the associated accounting fees but not including your own legal advice
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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
Includes the ASIC Pty Ltd company plus the accounting fees including TFN and ABN
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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 Limited Recourse Borrowing Arrangement $950
Either custodian trust (bare trust), loan agreement or mortgage
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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