FGD can help with all of your business advisory needs.
Expert advice across all areas from tax compliance and planning through to the more complex matters pertaining to income tax, Capital Gains Tax (especially as it relates to the Sale of Business Concessions), Fringe Benefits Tax and GST. We ensure you eliminate the possibility of non-compliant outcomes.
Complexities – Tax compliance and reporting regulations can often place undue pressures on business resources. The consequences of non-compliance can be excessively burdensome on small business. The taxation system is complex, and as such, businesses and individuals rely on both practical and sound advice in order to optimise their tax obligations.
​The issues surrounding tax compliance, whether it relates to income tax, fringe benefits tax or capital gains tax, are at best, multifaceted. There are a range of types and characteristics within the tax structure, which have implications that are often overlooked, such as the impact of Capital Gains on income tax, or the finer details around exemptions, dates and monetary limits that affect small business Capital Gains Tax exemptions. These complexities can lead to costly mistakes, which carry tax liabilities that can be avoided with good planning.
We offer a wide selection of both compliant and effective accounting and business management solutions to assist your business. An appropriate accounting software solution is essential to the financial success of any business. We assist businesses to select the most efficient software system to maximise profitability, simplify BAS statements, tax returns and effectively manage cash flow.
We have partnerships with Xero, MYOB, Spotlight, Benchmarking and Sharesight and continually invest in substantial training to ensure we remain up-to-date with the extensive range of software options available in the market and provide the most current advice to clients.
A detailed audit is undertaken to determine the project scope including a software review, data analysis, training for users and electronic banking advice and support.
Xero set up and conversion requirements vary from business to business. We work with you to ensure successful outcomes for your specific industry and structure. We provide you with expert advice as well as the reassurance of knowing that your transition to Xero will be managed smoothly by one of our Xero Certified Advisers.
Xero does not lock businesses into packages and we offer a range of different Xero packages to suit different budgets, ensuring you receive the appropriate level of support for your business.
Cash flow management and a clear path forward are critical to financial success. We are a market leader in providing business advice and have advised many successful businesses.
Every successful business must define a clear purpose, and set goals in line with realising that purpose, whilst establishing policies and procedures that continually lead to the achievement of those goals. Continuous review and analysis of performance drives change.
We ask the right questions and use clear frameworks to guide you through planning processes from business analysis to strategic planning, implementation and review.
Evolution of planning is essential and must be reviewed regularly in order to adapt to changing economic, social and digital conditions.
Efficient and effective day-to-day operations have a significant impact on business success, and improving both of these requires an integral understanding of the key success drivers within the business. Only once you understand these drivers can you design the most appropriate procedures to maximise success.
We work collaboratively to identify the key drivers that impact the success of your business, and then support you in continuously measuring them against your business targets and benchmarked data ensuring outcomes are actioned. Regular analysis and tracking of these drivers will assist in ensuring the efficient allocation of precious business resources and lead to improved business performance.
We provide administration for self-managed super funds, accounting and outsourced auditing using Class software.
We provide specialised support through the stressful process of divorce. Separation and divorce is a complex process which requires an extensive support network of friends, family and professionals, and trust is a critical component. Our role is to help you manage this challenging time, and to keep control of your finances so that you can get on with life after the settlement.
Understanding the taxation and financial options, outcomes and issues in divorce proceedings are vital for ensuring you apply the most effective approach to suit your circumstances.
We will work with you throughout the entire process; ensuring your financial statements are prepared, your finances are effectively managed in the interim, and that you fully understand your options and obligations. We also work collaboratively with your legal team or, if necessary, refer you to industry leaders who can assist.
Identify where is the business now and where the business aims to be.
Develop strategies to achieve the goals.
Provide visual, robust and simple to understand reporting and analysis at monthly or quarterly meetings to ensure accountability and results.
Accounting software with all the timesaving tools you need to grow your small business.
Xero is used to provide a complete suite of reports from monthly profit and loss and detailed balance sheet breakdowns that compare past years and budgets through to the annual year-end financial statements. These reports are also available for any period from one month or quarter though to 12 months.
The timelines and diversity of reports are tailored for each client depending on individual circumstances and enable real-time detailed analysis of performance versus budget and historic results. Working with real-time data allows for real-time provisions of profit improvement advice and actions implemented to improve performance immediately.
Spotlight reports are produced by importing data from Xero or MYOB. This data is displayed in a tabular and graphic format to assist the understanding of performance information results and trends.
Spotlight reports are used for all clients on a monthly or quarterly basis to focus on high-level analysis of actual and forecasted results, cash flow and financial position. Using this analysis, you are able to proactively implement strategies to improve performance to achieve or exceed your targets and update your forecasts to estimate the benefit of the improvement actions.
The premier benchmarking tool for Australian accountants.
We use Benchmarking reports to compare your business performance to your industry peers. The analysis of this comparison identifies areas where improvement is most easily achievable and provides a list of actions to consider that will improve performance.
The analysis also highlights your performance when it exceeds that of your industry peers to provide timely feedback of industry leadership and enhance business value. The analysis provided by the Benchmarking reports enables efficient decision making regarding the best use of time and resources to improve performance.
Sharesight reports maintain historical cost base and transactional information for listed share investments and compares it to current market values. Sharesight reports are used for all clients who maintain large portfolios of listed shares and produce reports of actual capital gains or losses for shares disposed of, unrealised capital gains or losses for shares still held, and performance reports of both income and value growth.
Sharesight reports enable instant calculation of your annual tax position at any time from your share transactions and the ability to provide advice in advance of the tax cost and consequences of any proposed share transaction.