Areas of Practice

Accounting and Tax Compliance

 

Our main focus is to ensure that our clients’ compliance needs are taken care of and allow them to focus on their own professional and business needs.  We establish upfront what our clients’ requirements are and ensure that all their compliance needs have been met.  We then structure a 12 month service plan that meets those compliance requirements so that each client is aware of their significant dates for lodgement and deadlines.  In other words, we proactively manage our clients’ compliance world such that there are no surprises.

Our services include :

  • Initial review of taxation structure and compliance status including but not limited to income tax, GST, superannuation, FBT and state taxes;

  • Preparation of Financial Statements;

  • Preparation and lodgement of taxation returns;

  • Preparation and lodgement of BAS and IAS returns;

  • PAYG, Payroll Tax, Superannuation, Land Tax and FBT;

  • Workers Compensation;

  • Annual Taxation Planning; and

  • Corporate Governance.

Tax Consulting

 

A core offering of Woodhouse is specialist Tax Consulting for a range of clients from SMEs to large corporates, and other accounting practices. We are passionate about this offering as demonstrated through our attention to detail and commitment to ongoing training. We believe in keeping abreast of legislative changes as they occur so that our clients have the confidence that their tax affairs are being proactively managed. 

Our specialists provide advice across a broad spectrum of matters including:

  • Structuring advice;

  • Trust implementation and advice;

  • Capital Gains Tax advice;

  • Tax minimisation strategies;

  • Annual tax planning;

  • Tax deferral strategies;

  • Remuneration planning and salary packaging;

  • Corporate group consolidations;

  • FBT advice

  • PAYG Withholding advice;

  • GST advice

  • International tax advice;

  • Exit strategies advice;

  • Australian Taxation Office and Office of State Revenue audit assistance and negotiations;

  • Private Ruling applications;

  • Payroll Tax;

  • Stamp Duty;

  • Land Tax; and

  • Superannuation obligations.

Our specialists guide our clients through the mire that is the Australian taxation system with proactive, practical advice determined by the client’s needs and designed to ensure that the client clearly understands the path forward.

 

Corporate Governance

 

Woodhouse provides our clients with clear guidance relating to the operation of their company structures. Our services include:

  • Advice regarding board obligations and directors duties;

  • Minute and Resolution preparation;

  • Managing your ASIC compliance duties;

  • Attendance and input at Directors and Shareholder meetings;

  • Corporate register management;

  • Audit relief advice and applications;

  • Company formations; and

  • Deregistration and liquidations.

Corporate Advisory

 

Woodhouse provides Business Valuations, Due Diligence Reports, Accounting Procedure and Process Reviews, KPI and Benchmark Analysis, Merger and Acquisition advice and Strategic Business Plans based on increasing shareholder value.   

The entire engagement process including proposal, execution and delivery of the final report is executed in an efficient and timely manner with continuous updates to ensure the client can monitor progress and pre determined deadlines are met.

Management Accounting

We provide bookkeeping, month end management reporting, preparation of budgets and cash flows, preparation of break-even analysis, preparation of Board Reports, reporting against KPI’s and financial ratio analysis.

Our specialists have experience as non-executive directors for Boards.  We also have experience working with start-up businesses including Venture Capital businesses who require outsourced Management Accounting.  Venture Capital businesses provide large sums of money to technical orientated businesses. 

Our team initiates the relevant accounting systems and process and reports to the Board on the key financials and status of cash flow.  Once the technical business is up and running and requiring the services of a full time financial team we can select, train and handover the management reporting. 

Financial Planning

 

We are partnered with an experienced team of wealth management specialists who focus on the development and ongoing maintenance of an individual wealth management plan. Each client is assessed as to their risk profile and appropriate financial planning guidelines. Your accounting partner will oversee the delivery of the wealth services and ensure that the plan integrates seamlessly with the taxation and accounting aspects.

Audit

 

We are partnered with an experienced audit team who prepare statutory audits and superannuation fund audits. The audit process is not seen as an overhead or a necessary evil but rather as a great opportunity to review your business and our professionals strive to add value to the audit process. 

Our professionals will work closely with you to get to know your business. They use the latest computerised systems, based around a detailed analytical review of the accounts. This allows an objective view of your business so we can advise you of any potential problem areas.

Our professionals have extensive experience in providing audit services to a broad range of organisations.