Structure
Consider whether the current business and asset ownership structure remains appropriate as the business develops.
SERVICE PROPOSAL
TAX · ACCOUNTING · ADVISORY
PREPARED FOR
Good Mates Removals.
A considered approach to your accounting, tax and advisory requirements — with four levels of support depending on how actively you would like PRATT Partners involved in the business.
CLIENT
GOOD MATES REMOVALS PTY LTD
PREPARED BY
PRATT PARTNERS
OFFICES
SYDNEY · GOLD COAST
OUR DISCUSSION
What we heard. What comes next.
Following our initial discussions, we have prepared a range of service options to give you flexibility around the level of accounting, tax and ongoing advisory support you require.
Risk
Identify material tax, contractor, superannuation and compliance matters that may warrant further attention.
Compliance
Establish a reliable ongoing process for annual accounts, income tax, BAS, TPAR, ASIC and related obligations.
Advice
Decide how proactive you would like PRATT Partners to be throughout the year as the business grows.
HELP ME CHOOSE
What sounds most like you?
Select the statement that best reflects what you want from your accountant.
SWIPE TO COMPARE
→
SERVICE OPTIONS
Choose the level of support.
Each option provides a different level of involvement. Swipe on mobile or use the arrows to compare.
01
START WITH CLARITY
Review, Resolve & Maintain
Start with a focused review of the current tax, structure and compliance position before moving into ongoing essential compliance.
INITIAL REVIEW
$1,500
+ GST once-off
+
ONGOING
$415
+ GST / month
INITIAL REVIEW
Tax, accounting and business structure review
Review of current company structure and asset ownership
High-level contractor, superannuation and compliance risk review
Identification of material tax and structural matters
Recommended implementation pathway where changes are appropriate
Follow-up meeting to discuss findings
ONGOING COMPLIANCEAnnual Financial Statements
Company Income Tax Return
Quarterly BAS & Ad Hoc Work Retainer
Taxable Payments Annual Report
ASIC Annual Company Statement / Review
Registered Office
Routine ATO correspondence associated with the agreed services
BEST FOR
Businesses wanting to identify and address their current risks before determining the appropriate level of ongoing advisory support.
SPECIALIST SUPPORT
Access to coordinated ATO, corporate secretarial and specialist referral support where appropriate.
02
ESSENTIAL
Compliance & Certainty
A streamlined ongoing service for businesses primarily seeking reliable accounting, tax and compliance support.
$415
+ GST / month
INCLUDES
Annual Financial Statements
Company Income Tax Return
Quarterly BAS & Ad Hoc Work Retainer
Taxable Payments Annual Report
ASIC Annual Company Statement / Review
Registered Office
Routine ATO correspondence associated with the agreed services
BEST FOR
Businesses that value dependable compliance and straightforward annual tax and accounting support.
SPECIALIST SUPPORT
Access to coordinated ATO, corporate secretarial and specialist referral support where appropriate.
RECOMMENDED
03
PROACTIVE
Growth Advisory
For a growing owner-managed business wanting compliance handled properly and more proactive tax support throughout the year.
$625
+ GST / month
EVERYTHING IN COMPLIANCE & CERTAINTY, PLUS
Annual Tax Planning Review
Year-end tax planning before 30 June
Review of company tax position and PAYG instalments
Review of retained profits and dividend opportunities
Review of shareholder and director loan accounts
Review of material asset purchases and depreciation
Reasonable access for routine tax discussions throughout the year
Proactive identification of material tax and compliance matters arising from the agreed services
BEST FOR
Growing businesses that want to anticipate tax matters rather than only address them at year end.
SPECIALIST SUPPORT
Access to coordinated ATO, corporate secretarial and specialist referral support where appropriate.
04
STRATEGIC
Strategic Business Advisory
A closer advisory relationship for businesses wanting senior involvement across tax, financial performance, business risk and significant decisions.
FROM
$1,500
+ GST / month
EVERYTHING IN GROWTH ADVISORY, PLUS
Quarterly management meetings
Review of financial performance and agreed key business metrics
Profit and margin analysis
Cash flow and working capital review
Discussion of major asset purchases and financing decisions from an accounting and tax perspective
Ongoing consideration of business structure and asset-protection objectives from an accounting and tax perspective
Contractor and employment-related tax and compliance discussions
Planning discussions for business growth, acquisitions and future exit
Senior advisory support for significant business decisions within the agreed scope
BEST FOR
Businesses seeking an adviser involved throughout the year rather than primarily at compliance time.
COORDINATED ADVISORY
Where appropriate, we can help coordinate input from your accountant, lawyer, insurance broker, financial adviser and other specialists so material decisions can be considered in the broader context.
SUPPORT AROUND YOUR BUSINESS
The right expertise, when you need it.
Our role extends beyond annual accounts. Where an issue requires expertise outside the agreed accounting and tax scope, we can help identify the appropriate next step and, with your authority, coordinate with relevant specialists.
ATO Support
Access to our dedicated ATO liaison support for routine ATO matters falling within the agreed engagement.
Reviews, audits, objections, disputes, payment arrangements and other substantial ATO matters may require separate scope and fees.Corporate Secretarial
Access to our corporate secretarial team for company administration and entity establishment requirements.
Incorporations, restructures, documentation and other implementation work may be separately scoped.Legal Advice
Where legal advice is required, we can refer you to appropriately qualified legal advisers for contracts, commercial documentation and other legal matters.
Legal services are not provided by PRATT Partners and remain subject to the lawyer's separate engagement and fees.Insurance Review
We can refer you to an appropriately licensed insurance broker to consider your existing business insurance arrangements and insurance needs.
Insurance advice and placement are provided separately by the relevant licensed provider.Financial Planning
Where personal financial advice is required, we can introduce you to an appropriately licensed financial adviser.
PRATT Partners does not provide financial product advice under this engagement. Any such advice is separately provided by the relevant licensed adviser.SMSF & Superannuation
Access to specialist SMSF and superannuation support where fund-specific or specialist advice is required.
Advice requiring an Australian financial services licence, or other specialist implementation, will be referred or separately scoped as appropriate.
YOUR INFORMATION
We will not provide your confidential information to an external adviser merely because a referral is available. Where disclosure is required, we will obtain your authority before providing relevant client information, except where disclosure is otherwise required or permitted by law.
OPTIONAL
Accountancy Insurance.
We can also arrange access to our Accountancy Insurance offering, designed to assist with professional costs associated with responding to eligible ATO and other regulatory reviews, audits and enquiries.
INDICATIVE PREMIUM
$299
+ GST / annum
INDICATIVE PROFESSIONAL FEE COVER
Up to $20,000, subject to the insurer's policy terms, conditions, exclusions, eligibility requirements and applicable limits.
OUR SUGGESTED STARTING POINT
Start with the right level.
Growth Advisory
$625 + GST / monthBased on our initial discussions, Growth Advisory provides a balanced starting point where you would like the annual compliance handled while also having more proactive tax support throughout the year.
If your immediate priority is first to understand the existing structure and material risk areas, the Review, Resolve & Maintain option provides an alternative starting point before determining whether broader advisory support is warranted.
This recommendation is based on the information available from our initial discussions and may need to be revisited if your circumstances or requirements differ from those presently understood.
IMPORTANT INFORMATION
Clear scope. Clear expectations.
Fees and monthly billing
Monthly amounts shown are the annual professional fee expressed as a monthly billing amount and are exclusive of GST unless stated otherwise.
The annual fees will be reviewed periodically and may be adjusted in accordance with the terms of engagement, including any agreed annual CPI adjustment.
Unless otherwise agreed, invoices are payable within 14 days.
Disbursements and third-party costs
A 5% disbursement charge applies to our professional fees, together with the cost of applicable subscriptions and third-party expenses paid or incurred on your behalf, including Xero subscriptions where applicable.
Additional work outside the package
Services outside the selected package are not included merely because they relate to the business.
Material restructuring, legal documentation, substantial ATO reviews or disputes, historical remediation, complex transactions, specialist advice and other work outside the agreed scope will be separately scoped and agreed before substantive additional work is undertaken.
Ad hoc work outside the agreed scope may otherwise be charged at our applicable professional rates where permitted by the terms of engagement.
What "advisory" includes
Advisory services are limited to the accounting, tax and business advisory matters described in the selected package and our formal engagement documentation.
They do not constitute legal advice, financial product advice, credit advice or insurance advice. Where those services are required, we can assist with an appropriate referral.
Reliance on information
Our work is prepared from information and explanations provided by you and information otherwise available to us. You remain responsible for providing complete, accurate and timely information relevant to the services.
Unless expressly agreed otherwise, the services described in this proposal do not constitute an audit or review and no assurance is expressed.
Specialist referrals
Where specialist advice is required, we may recommend or introduce an external professional. Any external adviser acts under their own engagement and remains responsible for their advice and services.
We will obtain appropriate authority before disclosing confidential client information to an external adviser, except where disclosure is otherwise required or permitted by law.
If PRATT Partners receives, pays or is otherwise entitled to a referral fee, commission or other material benefit in connection with a referral, any disclosure required under applicable professional and ethical requirements will be made to you in writing.
Formal terms of engagement
This proposal summarises the proposed commercial scope and fees. The engagement is also subject to PRATT Partners' applicable Terms of Engagement and any entity-specific engagement documentation provided to you.
Those terms address matters including the responsibilities of each party, confidentiality, privacy, professional obligations, reliance, conflicts of interest, records, billing, termination, dispute resolution and other conditions applying to the engagement.
YOUR SELECTION
Ready to move forward?
Select your preferred service option above. We will summarise your selection here before you confirm.
SELECTED SERVICE
Confirmation records your selected proposal option.
PRATT Partners will confirm commencement and any further
engagement requirements with you.
