"Accounting with purpose"

Our Services

At Avonlea Advisory we aim to provide you with advice when your business needs it, not just when you ask for it. We help you manage every aspect of your business and because we establish a one-on-one relationship with each of our clients, our advice is tailor-made for your business. We've also developed our traditional auditing and accounting practices into innovative client-focused services. Our flexibility and adaptability ensure we help you get the best results.

Listed below are the services we offer. This list is by no means exhaustive, and our team of friendly staff are more than happy to talk about any services not listed here that you might require.

Business Services

  Accounting/Bookkeeping

Modern business requires up-to-date, accurate financial information. We can relieve you and your staff of the enormous burden of all your bookkeeping and accounting needs, including preparation of your annual accounts and periodic management accounts for tax, business appraisal, and planning purposes.

We specialise in:

  • Preparation of financial statements
  • Bookkeeping
  • Utilisation of accounting software - desktop, hosted or cloud based

We will discuss your requirements with you and provide information relevant to your particular situation, as well as constructive advice, on a regular basis.

  Benchmarking

Have you ever wondered how your business performs compared to your competitors? What is their average bottom line? Are you spending enough on advertising? Are you paying too much rent? Are your staff costs too high? Surviving in today's business climate requires you to spend more time working on your business than in it. We can provide you with accurate, timely, informative benchmarking reports that enable you to:

  • See how your business compares to your competitors
  • Understand more about how the rest of your industry works
  • Analyse the key performance indicators in your industry

Equipped with this information, we'll work with you to develop action strategies that improve your bottom line.

  Budgeting

A good budget is a necessity in a good business plan. It is one of the best business tools you can have, enabling you to set financial targets and measure your performance.

In addition to goal-setting value, budgets will often improve your chances of acquiring funding. Financiers often require budgets as a prerequisite for funding approval.

The techniques we utilise to form financial projections enable you to consider future scenarios and provide you with goals to strive for in your business. There are many types of budgets. We can help you design the right budget for your requirements.

Let us show you how a budget can provide feedback that helps you prepare for the future of your business!

  Business Start-up

If you have a good idea for a new business venture but don't have expertise in the legal or financial aspects of creating a new business, we can help you:

  • Decide on the most suitable structure for your business - Sole trader, partnership, or limited company
  • Prepare a business plan, cash flow projections, budgets, and trading forecasts
  • Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
  • Establish a good working relationship with your bank
  • Register for an Australian Business Number with the ATO
  • Complete registration procedures with the Australian Securities and Investments Commission
  • Deal with company secretarial issues
  • Set up a recording system for your internal use and for complying with statutory requirements

Let us help you turn your business idea into a reality!

  Cash Flow Forecasting

Are you holding too much inventory? Is this the right time to expand your business? Are you going to have enough cash to pay all your expenses every month? Surviving in today's business climate requires you to spend more time working on your business than in it.

We can provide you with accurate, timely, informative cash flow forecasting reports that enable you to:

  • Realise and understand when cash is available
  • Plan and prepare for expansion, stock control, and taxes
  • Analyse and anticipate key expenses

Equipped with this information, we'll work with you to develop action strategies that improve your bottom line.

  Financial management

Financial management involves developing comprehensive, effective strategies to strengthen your financial security and ensure your financial goals can be met. These strategies provide a separate source of income to your business or employment income.

Our qualified, experienced team can discuss your financial options with you and provide services that include:

  • High level reporting for family groups
  • Asset protection advice
  • Advice on management of investment portfolios
  • Management of large receipts such as inheritances or lottery winnings
  • Acting under Power of Attorney on financial matters
  • Management of Australian assets for non-residents
  • Management of financial matters while the client is travelling or incapacitated

Don't take unnecessary risks with your future! Allow the professionals at Avonlea Advisory to guide you towards achieving your financial goals.

  Management Consulting

Our aim is to ensure your business achieves the potential it is capable of. We have the know-how and experience to offer advice that helps you run your business more effectively.

We are practiced in acting as a sounding board for management, bringing years of experience in business growth to the relationship. We can identify key performance indicators in your business, through which you will see positive changes occurring with the help of our professional consultants.

We check that your business is as competitive, focused, and profitable as it can be, then offer flexible strategies, designed to address the issues affecting your business.

Let us give your business a health check! Take the practical advice we can provide to ensure the ongoing success of your venture.

  Praemium Portfolio Management

Praemium Portfolio Management

Praemium offers our private clients access to a portfolio management service which improves accuracy of calculations for taxation purposes and minimises time spent on data entry.

Praemium maintains and reports on your portfolio by updating share transactions, processing corporate actions and recording any income you should receive from the portfolio. Delivering intra-day pricing and detailed market data, Praemium gives you even more powerful portfolio modelling, administration and management. We currently administer Praemium for a majority of our self managed superannuation funds.

Contact us today for more information about Praemium and how we can help in the management of your investment portfolio.

Existing clients, login to your Praemium Portfolio here:

  Risk Management

A multitude of risks exist in today's business environment. At Avonlea Advisory we pride ourselves in our proven ability to accurately assess risk and protect you from vulnerabilities inherent in your enterprise. An effective risk management strategy improves the performance of your business, enables you to complete goals, and protects the value of your business.

Our risk assessment includes:

  • Assembling relevant information about your business and market
  • Identifying the major risks facing your organisation
  • Developing a risk strategy
  • Implementing the risk management procedures
  Small to Medium Enterprises

Avonlea Advisory enjoy the challenges that working with small to medium enterprises can bring. We can help you evaluate complex issues, develop fresh approaches to problems and implement practical solutions.

Our services in this area include:

  • Business structure and taxation matters
  • Purchase of a business
  • Applications for finance
  • Sale of a business
  • Purchase or disposal of equity in a professional partnership
  • Cashflow
  • Break even analysis
  Software Solutions

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 Avonlea Advisory we invest considerable resources into ongoing staff training to ensure we can recommend the best accounting solution for your business.

We are also Xero Bronze Partners, Reckon Professional Partners, Myob Consultants, CCH iBizz Certified Partners and BankLink Professional Advisors.

  Strategic Planning

The pressures of daily business can often mean strategic planning takes a back seat, but to have a successful business it is vital to plan ahead. We'll help you develop a strategic plan that examines 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 plan will:

  • Define the characteristics of your company in three to five years
  • Identify your competitors
  • Define your objectives and financial goals
  • Include an effective implementation strategy to achieve your goals

Specialist Services

  Aquisitions & Mergers

There are several scenarios where you might wish to attain a business enterprise. Whatever the situation, Avonlea Advisory can remove the stress from the process and maximise the opportunity for you.

Whether you are considering buying a business or merging with another business, we have the experience and expertise you require. Are you getting a good deal? Is the business right for you? Can you afford it? Have all avenues for future growth been investigated? We ask the right questions, and find the required answers.

The services we provide cover every stage of the process - From identifying potential acquisitions and negotiating the commercial elements of the transaction to forecasting the future of the business. Our services include:

  • A review of your goals and objectives
  • Due diligence services
  • Preparation of financial forecasts
  • Advice on the potential pitfalls and rewards involved in a merger
  • Assistance with purchase negotiations
  • Advice on financing
  • Assistance with preparing a business plan

Drawing on the skills of professionals reduces your chances of purchasing an unsuitable business. Let Avonlea Advisory show you how our experience can save you stress and provide you with the great opportunity a business acquisition or merger can be!

  Charitable Trusts

Charitable trusts are set up to hold money or assets and carry out activities for the benefit of the community. Five main types of charitable trusts exist in Australia:

  • Australian private charitable trust
  • General charitable trust
  • Private Ancillary Fund (PAF)

Each type of charitable trust brings with it different requirements and benefits. At Avonlea Advisory we know the practicalities of the charitable trusts and so are able to assist you by:

  • Preparing the trust deed
  • Applying to the ATO for an ABN
  • Organising tax exemptions where applicable

Most importantly, our experience enables us to ensure your trust is used to effectively reach your charitable goals.

  Company Secretary

Company legislation requires businesses to perform several administration tasks that take up a lot of valuable company time. The last thing you need as a business owner is to be stressed out trying to ensure you comply with the Corporations Law. The possible threat of penalties for failing to keep up with the changing rules is too great a risk to take.

At Avonlea Advisory we can relieve this burden for you. Our services include:

  • General advice on company law
  • Company formations
  • Filing annual returns on your behalf
  • Preparing all documentation related to minutes and resolutions
  • Maintaining statutory books
  • Assistance with changes of directors, shareholders, addresses, and office details
  • Bonus issues
  • Share transfers
  • Registered office facility

Please contact us for further information on how we can help you get back to running your business.

  Estate Planning

As unpleasant as the task is, estate planning is one of the necessities of life. Knowing your hard-earned assets will be dealt with in the manner you choose provides peace of mind.

For business owners, a plan for succession of ownership is essential. We can guide you through the process of providing for business continuity.

The executor and trustee of a will are required to perform a number of duties. At Avonlea Advisory we are experienced in estate planning and can guarantee no deviation from the succession plan for your assets.

The areas in estate administration that we can assist with include:

  • Meeting to discuss objectives for your estate and general planning
  • Confirming assets - Valuations, inventories, and appraisals
  • Court approval for a grant of administration
  • Documentation involved in estate planning including assistance with financial aspects of wills
  • Accounting, taxation and management of deceased estates and testamentary trusts
  • Acting as executor and trustee
  • Protecting the assets
  • Paying taxes and debts
  • Estate distribution
  • Superannuation advice
  Farm Accounting

Farm accounting involves specific business, financial, and taxation issues, and a specialist understanding of the industry. At Avonlea Advisory we keep abreast of the developments in both the farming and accounting industries, ensuring we are uniquely placed to provide up-to-date, accurate advice.

Our services include:

  • Farm budgeting and cash flows
  • Farm sales and purchases
  • Ownership structures
  • Preparation of financial statements
  • Taxation
  • Seasonal planning
  • Succession planning
  Information Technology

We live in a computerised age where technology enables us to enhance a wide variety of business processes. Using software and hardware effectively can provide enormous benefit to your business.

Here at Avonlea Advisory we have embraced computerised systems, ensuring our experienced, trained professionals can:

  • Discuss the best system to further your business
  • Install and configure software to suit your purposes
  • Recommend processes to make your computer system more secure
  • Suggest accounting software applications suitable for your business
  • Train clients to be self-sufficient users of a range of software applications
  • Offer advice on electronic banking

Whether you are thinking about obtaining new computer hardware or looking at completely changing your business systems, our team is willing and able to assist you.

  International

We are experienced and trained in a variety of international taxation issues including, but not limited to:

  • Taxation for Australian residents with offshore assets and income
  • Taxation for non-residents of Australia with Australian source income

Avonlea Advisory are here to help you with your international accounting needs.

  Rental Property

At Avonlea Advisory we have the expertise required to assist you in a variety of areas relating to residential and commercial property.

The services we offer include:

  • Advice on purchasing a property
  • Reviews of lease agreements
  • Advice on funding
  • Guidance in tax minimisation
  • Advice on ownership structure
  • Periodic reviews to ensure returns are maximised

The importance of forecasts in making a residential investment cannot be emphasised enough. We can provide you with forecasts for:

  • Revenue returns
  • Financial position
  • Potential growth

Contact us today for more information on how we can assist you in the business of rental properties!

  Selling a Business

Selling a business can be a difficult, disheartening time and the tasks involved can seem particularly arduous. At Avonlea Advisory we take the unwanted burden from you.

The services we provide for preparing to sell a business include:

  • Obtaining comparative results
  • Establishing a realistic sale price
  • Taking the business to the market
  • Negotiating with potential purchasers
  • Drafting a contract

Our friendly, professional team will help you obtain a maximum return for your business.

  Succession Planning

To ensure the long-term success of your business, it is critical to establish a well-designed succession plan. Coordinating the transition of your business to your successors can be an arduous process. However, with our years of experience we can address the complex issues of business continuation, removing the stress from your shoulders.

Contact us for more information on forming a plan that facilitates a hassle-free continuation of your business!

  Trusts

A trust provides a valuable way to protect the assets you have accumulated for the benefit of others. Our extensive experience with trusts enables us to offer specialist advice on trust formation and ensures all statutory requirements are met. Obligations for trustees can often be onerous, and our assistance in trust administration can prove invaluable. We can assist with:

  • Preparing and executing the vital documentation required for trust formation
  • Attending to the special requirements involved in reporting for trusts
  • Completing the trust administration:
    • Minute-keeping service
    • Annual accounts
    • Taxation
    • Asset management
    • Investment monitoring
    • Income distribution

Contact us today to ensure your trust is formed and administered as effectively as possible, covering all legal requirements and guaranteed to fulfill its purpose!

Tax Services

  GST

The GST system is a complex and confusing one. Consequently Avonlea Advisory ensures our team remains up to date with any changes, enabling us to offer you accurate advice.

Every transaction now has an associated GST issue. We are experienced in these issues and can offer expert advice on the GST implications for your business. The GST-related services we offer include, but are not limited to:

  • Advice on registering for GST
  • Filing and adjusting GST returns
  • ATO audit assistance
  Taxation

At Avonlea Advisory we offer a full range of taxation services. Our taxation consulting division is nationally recognised and we offer advice based on proven knowledge and experience. Our proactive approach ensures we deliver consistent service and build solid relationships that stand the test of time.

Taxation can be a major cost to your business. We will work with you to minimise your tax and help you achieve your key objectives. We provide a complete service of assistance and advice in each of these areas:

  • Preparation of income tax returns
  • Preparing activity statements and advice on tax payments and GST
  • GST/FBT obligations
  • Advice on, and implementation of, tax effective trust structures for asset protection and tax minimisation - Australian and international
  • Managing any ATO audits or disputes
  • Advice on other Federal and State taxes

Financial Services

  Self-managed Superannuation Funds

There are several trust laws and legislative requirements for setting up a self-managed superannuation fund (SMSF). Typically you need to:

  • Obtain a trust deed
  • Appoint trustees
  • Sign a trustee declaration (NAT 71089)
  • Elect to become a regulated fund
  • Obtain a tax file number (TFN)
  • Obtain an Australian business number (ABN)

At Avonlea Advisory we provide the professional advice you need to set up your own fund and greatly simplify the process for you. 

Gareth Hunt Pty Ltd (ASIC No. 1248315) ACN 101 055 029 ABN 24 844 296 807 is a Corporate Authorised Representative of Merit Wealth Pty Ltd ABN 89 125 557 002, Australian Financial Services Licence Number 409361. A Level 15, 115 Pitt Street, SYDNEY NSW 2000.

Gareth Hunt (ASIC No. 1248314) is a Limited Authorised Representative of Merit Wealth Pty Ltd ABN 89 125 557 002, Australian Financial Services Licence Number 409361

Website: www.meritwealth.com.au | Link: Privacy Statement  | FSG | COMPLAINTS

Contact us today for more information on how we can assist you in obtaining your superannuation goals!

  Superannuation

As the Government encourages Australians to take responsibility for and reach their financial retirement goals, citizens are repeatedly required to deal with superannuation funds. Self-managed superannuation is a means of saving for retirement. It enables you to control your investment strategy, reduce tax while obtaining tax benefits, and control administration costs.

Superannuation law is a delicate area and personalised planning is required for each individual. The team at Avonlea Advisory are superannuation experts who can assist in establishing a superannuation fund that will effectively enable you to reach your financial retirement goals.

Services we offer include:

  • Establishing self-managed superannuation funds
  • Completing information for the Insurance and Superannuation Commissions
  • Advice on compliance matters
  • Advice on taxation benefits
  • Advice on employer obligations

Gareth Hunt Pty Ltd (ASIC No. 1248315) ACN 101 055 029 ABN 24 844 296 807 is a Corporate Authorised Representative of Merit Wealth Pty Ltd ABN 89 125 557 002, Australian Financial Services Licence Number 409361. A Level 15, 115 Pitt Street, SYDNEY NSW 2000.

Gareth Hunt (ASIC No. 1248314) is a Limited Authorised Representative of Merit Wealth Pty Ltd ABN 89 125 557 002, Australian Financial Services Licence Number 409361

Website: www.meritwealth.com.au | Link: Privacy Statement  | FSG | COMPLAINTS

Contact us today for more information on how we can assist you in obtaining your superannuation goals!

Contact Details

Office Location: Suite 3
21 Vale Street
North Melbourne, VIC 3051
Australia
Click here to view location map
Postal Address: PO Box 561
North Melbourne, VIC 3051
Australia
Phone: 03 8560 4377

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