Compliance Services

Taxation and Accounting

Taxation and Accounting is the core of what we do. Whether it be a personal return lodged for the very first time or for a family group of companies and trusts, at Con Galvin and Associates we aim to make the experience as quick and painless for you as possible. A brief overview of our compliance services is as follows:

  • Preparation and lodgement of all types of tax returns.Individual, Business, Partnership, Companies, Trusts and Self-Managed Super Funds
  • Preparation and lodgement of Business Activity Statements.
  • Review of Business Activity Statements prepared by clients.
  • Preparation of Annual Financial Statements.
  • Preparation of PAYG payment summaries for employees.

Company Secretary

Company Secretary work is often tedious but necessary to comply with the requirements of the Australian Securities and Investment Commission. Let the team at Con Galvin & Associates ease the burden of performing the company work for you. We can:

  • Establish a new company
  • Maintain corporate registers
  • Assist with change of directors, shareholders, addresses, etc.
  • Share transfers and associated minutes
  • Preparing annual company minutes and resolutions
  • Attend to annual company statement returns

Self-Managed Super Funds

Self-Managed Super Funds has become an important investment vehicle for Australians to provide for their retirement.

The team at Con Galvin & Associates can guide you through the many compliance requirements of maintaining a self-managed superannuation fund including arranging the annual audit for the ATO and, where necessary, an actuarial certificate for self –Managed Superannuation Funds in pension phase.

Rental Properties

Rental Properties have always been a popular investment with Australians but they can sometimes be a minefield when dealing with the ATO. At Con Galvin & Associates, we can help by:

  • Providing advice to minimize capital gains tax
  • Assisting with ensuring you maximize your tax refunds from negative gearing
  • Providing advice on ownership structure
  • Reviewing off-the-plan investments for viability.

Deceased Estates

Deceased Estates can be a simple affair to administer. However, our experience has been that as taxpayer’s affairs become more complex, so does their trust estate should they pass away.

Even though an estate will be administered by a firm of solicitors or the Public Trustee, it will be necessary to obtain the best advice to deal with the estate assets in the most tax effective way which is where Con Galvin & Associates can help.

ATO Tax Debt Negotiation

ATO Tax Debt Negotiation. It is no secret that the ATO is owed many billions of dollars in outstanding small business debt due mainly to the depressed Australian economy. This can cause much aggravation for small business owners which sometimes struggle to keep ATO debts under control.

At Con Galvin & Associates, we understand the uncertainty of dealing with these debts and have the experience to negotiate with the ATO payment plans which helps ensure the future viability of the business.

Capital Gains Tax

Capital Gains Tax has been part of the Australian tax regime now for more than 30 years. Arguably, CGT is the most complex area of taxation law. Whether you have sold shares, property, an interest in a business or your stamp collection, the ATO will be interested in sharing in the proceeds with you.

Of course, there are a lot of exemptions from GCT – it’s just knowing which sales are exempt. That is where CGA can help. They are there to guide you through the CGT maze and advise you on the best course of action to minimize any CGT.

GST

GST can be complex and difficult to understand, particularly with property transactions. Even deciding if a transaction attracts GST can confuse business owners.

Con Galvin and Associates have a wealth of experience in advising on GST matters and are more than happy to help you with your GST obligations.

Trust Account Audits

For businesses which are real estate agents or solicitors, we offer audit and assurance services for the annual audit of their trust accounts. As part of our engagement, we provide advice on improvements to their record-keeping in addition to reporting to the government or other regulatory bodies.