Our Services
During any point in the financial year, it's crucial to review your tax position and explore end-of-year tax planning options.
Our comprehensive tax planning process includes optimising the tax effectiveness of business or trust structures. We provide expert guidance on maximising tax benefits for asset purchases or leasing. Additionally, we continually monitor changes in tax legislation to ensure your tax strategy remains relevant and effective in the future.
Business Structures Setup & Consultancy
Assist client to setup the structure for their family and individual business:
- Sole Trader
- Partnership
- Company
- Trust (family and unit)
Business consultant for planning structure and strategies: combine elements of both finance and strategy, help determine business plans and intentions for the purpose of making investment decisions.
Planning is the fundamental strategy on which the business is directed. Appropriate goals and objectives are important to setup well before the business operations are implemented. This plan includes the organisation's structure, financial forecasts, feasibility, the scope of growth and its objectives.
Tax Planning
July 1 is too late to start thinking about last year's tax. Tax planning helps to forecast expected tax-related cash flows in the year to come so you don't face unpleasant financial surprises.
That is why at Daniel Nguyen & Associates, we provide tax accounting services for individuals and small to medium businesses to get your tax strategy in place as early as possible.
From 1 July 2021 – businesses that are not small businesses because their turnover is $10 million or more but less than $50 million may also be eligible to access these small business concessions.
Capital Gains Tax
Capital gains tax (CGT) is the tax you pay on profits from selling assets, such as property, sharings...
You report capital gains and capital losses in your income tax return and pay tax on your capital gains.
If you have a capital gain, it will increase the tax you need to pay. You may want to work out how much tax you will owe and set aside funds to cover it.
To be eligible for the 50% CGT discount on an asset, you must have owned it for 12 months or more.
Daniel Nguyen & Associates also can help you with Cryptocurrency CGT Calculation, whichever coin you are interested in: Bitcoin, Binance, Ethereum...
Individual Tax Payers
Specialising in all areas of Taxation. We can help you with the preparation and lodgement of your tax return. We have an extensive knowledge of the deductions associated with many different industries and we will consult with you thoroughly to ensure we maximise any applicable return.
During tax time, our office is open for Saturday appointments to ensure you can have your return prepared and lodged by the deadline. Our friendly tax agents can also review assessments from previous financial years.
SMSF Administrator & Auditor
Daniel Nguyen & Associates Accountants provide Trusts and Self-Managed Superannuation Fund (SMSF) setup, administration and advice to assist you to understand your obligations and responsibilities for your retirement savings, stay in control as well as in compliance with all legal and regulatory requirements.
SMSFs must be audited each year and the auditor must be independent from both the fund and the accountant or administrator who prepares the financial statements.
By appointing Daniel Nguyen & Associates specialist SMSF Auditor to handle either your SMSF Audit or SMSF Annual Return, you'll ensure your fund is not running against ATO regulations and not accumulating costly taxes or penalties.
Anyone who runs a self-managed superannuation fund (SMSF) must ensure that a registered SMSF auditor audits the fund annually. An SMSF auditor examines the validity and accuracy of an SMSF's financial records and makes sure that the fund is compliant with superannuation rules.
Bookkeeping
We use MYOB, XERO, IPA Books+ and Quickbooks for all our bookkeeping services. Our approach to working with our clients is personal and long term. We work more closely with you to create efficiencies in your business, so that you can enjoy the benefits of your success.
Our bookkeeping services include: BAS Lodgements, Bank Reconciliations, Accounts Payable, Accounts Receivable, Payroll, Inventory Management, Time Billing, Job Costing, Management Reporting, Interim Profits, FBT Calculation.
Lending & Finance
Home & Investment Loans:
Daniel Nguyen & Associates has a good relationship with a variety of well-known banks in Australia, as well as several excellent mortgage brokers.
Commercial & Business Loans:
Should you need business lending, we can support you in finding the best loan and financial structure for your plan.
Our Software
