Our Services

We work with businesses and individuals to ensure their taxes, finances and records are up to date and meet all Australian Taxation Office (ATO) and Australian Securities Investment Commission (ASIC) requirements.

As a practice, we endeavour to assist our clients in every aspect of their business by providing specialised tailor made advice and establishing one-on-one relationships.

The services we can provide you include:

Book Keeping & Accounting

An important aspect to any business is book keeping and accounting. Timely processing of information requires accuracy and serves as important tool for making future business decisions. This is also essential for reporting and lodgement purposes.

With Hills Advisory Services, you can focus on your business as we can assist you with the following services:

  • Preparation of monthly, quarterly and annual financial statements
  • Preparation of interim management reports
  • Cash flow analysis, budgeting and projections
  • Assistance with cloud computing using Xero, MYOB, QuickBooks and other accounting software
  • Reconciliation and preparation of quarterly superannuation requirements
  • Processing & payment of payroll, including Single Touch Payroll (STP)

Taxation

When conducting a business, there are different types of taxes that you need to consider.

We have the in-depth knowledge, skills and experience to advise you regarding taxation matters associated with your business. As your personal tax advisor, we can provide you with the following services.

  • Preparation and lodgement of Individual Income Tax Returns
  • Preparation and lodgement of Entity Income Tax Returns
  • Preparation and lodgement of Fringe Benefits Tax Returns
  • Preparation and lodgement of Business Activity Statements (BAS)
  • Preparation and lodgement of Instalment Activity Statements (IAS)
  • Preparation and lodgement of PAYG Payment Summaries/Annual withholding reconciliation
  • Preparation and lodgement of Taxable Payment Summaries
  • Tax management liaison with the ATO, including preparation of payment plans for any outstanding debt
  • Managing audits with the ATO for individuals and businesses
  • Advice, preparation and lodgement of payroll tax obligations
  • Advice regarding land tax, including calculating eligibility, thresholds and land tax liability

COVID 19 Stimulus Package Support

The current pandemic has hit everyone hard hince the Australian government has announced a range of relief packages for individuals and small to medium business. To access such grants, various documents and paperwork is required by the authorities.

At Hills Advisory Services, we track legislation on a real time basis and assist you with lodging claims and seeking relief from the various government announced measures. Our services include:

  • Assessing eligibility and filing job keeper claims
  • Assessing eligibility and filing job seeker claims
  • Preparation and lodgement of monthly job keeper declarations with the ATO
  • Assisting with cash flow boost claims
  • Providing up to date information and advise you regarding eligible deductions/ measures beneficial to you
  • Liaising with the ATO in connection with job seeker / job keeper claims
  • Preparing tax returns in light of the current COVID 19 legislation

Corporate Secretarial

Corporate secretarial services involve mandatorily satisfying both the Corporations Law and ASIC requirements.

With years of experience in regulatory filings and liaison with the authorities, we will ensure that you remain compliant with your corporate legal requirements and focus on running your business. Our services include the following:

  • Annual ASIC Review
  • Appointment/Resignation of directors and secretaries
  • Allotment and transfer of shares
  • All relevant associated ASIC lodgements and reporting requirements

Business Advisory

Advice and that too a correct one is essential in setting up a business for success. Interacting with a diverse range of clients with diverse needs, we have gained immense understanding of various client situations. Clubbed with our expertise, we can offer the following services.

  • Business start-up advise including deciding on the most suitable structure for your business - Sole trader, partnership or company
  • Advice on selling and buying of business, including capital gains tax calculations
  • Tax structuring advice for maximising tax efficiency
  • Customise strategies and finance facilities to expand your business
  • Review business performance and provide comments
  • Liaise with third party banks / brokers / investment bankers in connection with lending and investment requirements

Entity Formation

Setting up an entity is an important decision as this defines the risks and implications in doing business. We will collaborate with you to offer advice on the right structuring solutions to achieve your personal and business objectives. We facilitate the provision of legal drafting and documentation services including:

  • Formation of a company
  • Formation of a trust
  • Formation of partnership
  • Formation of Sole Trader ABN application
  • Self-Managed Super Funds (SMSF)

SMSF

Superannuation is complex area of law subject to significant updates and changes. We can provide you with the following services in relation to your SMSF.

  • Preparation of annual financial statements and member statements
  • Preparation and lodgement of annual income tax returns
  • Facilitation of annual audit engagement

Workers Compensation

We can assist you with your periodical workers compliance reporting and lodgement:

  • Workers compensation policy review including verification of industry classifications, wages declarations, premium calculations and policy structures
  • Preparation of annual wages declaration
  • Preparation of estimated wages declaration
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