Accountant in Newcastle
Accounting, tax and advisory support across Newcastle and surrounding suburbs.
Accountant in Newcastle
Plenty of the businesses we act for sit north of us, which is how GR & Co Accounting & Advisory Pty Ltd came to work as an accountant Newcastle owners rely on without needing a city office. The work is run from Morisset, and almost all of it happens by phone, email and screen share. Grant sees all the work, kept in-house with no outsourcing rather than passed down a chain. Clients include individuals, sole traders, partnerships, companies, trusts and self managed super funds across the city and its suburbs. A Free Initial Meeting for small business is available to owners considering a change.
Call 02 4975 2075 to arrange a Free Initial Meeting for small business.
General Accounting in Newcastle
The mix of clients here skews towards trades, professional services and small companies with a handful of staff, and the accounting requirement is correspondingly more structured. Where a business runs through a company or trust, the general accounting has to hold up for more than tax: statements need to satisfy a lender, support a director's position, and reconcile with what every other entity in the group reports. We reconcile the underlying ledger before preparing anything, check how transactions have been coded rather than trusting the bank feed, and produce statements that tie back to source documents. Loan accounts between owners and their entities get particular attention, because those are the balances most often carried forward incorrectly year after year. Everything runs remotely unless you would rather come to Alliance Avenue, and the process is identical either way.
Tax in Newcastle
Two things generate most of the tax work in this part of the region: property and employment. On property, gains from investment units, subdivided land and former homes that were rented for a period each turn on the same detail, which is the cost base and the portion of ownership that qualifies for an exemption. We build that from the actual acquisition documents rather than a rough figure. On employment, businesses providing vehicles, parking or entertainment to staff frequently carry a fringe benefits liability they have never assessed, and that separate fringe benefits year catches people who are focused on the end of financial year. We also handle cryptocurrency, where a complete exchange history is the difference between a correct answer and a guess. In every case, you see the reasoning before the return is lodged.
SMSF Accounting in Newcastle
Fund work is document-driven, so where you are makes little difference to how it runs. Annually we prepare the financial statements and member statements, process the year's contributions, pensions, investment income and disposals, and put together the file the independent auditor works from. That auditor must be independent of the accounting under superannuation law, so we appoint one on the fund's behalf and deal with their queries directly rather than forwarding them to you. Through the year we keep an eye on the issues that create real problems for trustees: assets not properly held in the fund's name, in-house asset limits, an investment strategy that has not been revisited since establishment, and minimum pension payments falling due. If you are weighing up whether to run your own fund, the Free Initial Meeting for small business is the place to start.
BAS Accounting in Newcastle
For businesses with employees, activity statement periods carry more than GST. We reconcile sales and purchases, review GST coding line by line, then check PAYG withholding against the payroll processed and confirm single touch payroll reporting has gone through for each pay run. Superannuation guarantee timing gets checked at the same point, because late payment removes the deduction entirely and triggers a separate charge, which is a costly way to learn the rule. Once the period reconciles, you get the statement with a summary of what is payable and when, and it is only lodged after you approve it. Agent lodgment generally provides extra time. Keeping this rhythm every quarter also means the annual accounts are a review rather than a rebuild.
Business Advisory in Newcastle
Owners here bring us structural questions more often than elsewhere: whether the business has outgrown operating in a personal name, what moving to a company would cost to run, how drawings should come out of an existing company without creating a Division 7A problem, and what a bank will want to see before it lends. Those are numbers questions before they are anything else, so we model the alternatives on your actual figures and show the ongoing compliance cost alongside the tax effect. Where the figures show changing is not worth it, that is what we will tell you. What we provide is general information about your accounting, tax and business position. Questions about investments, insurance or credit need a licensed adviser, and we will point you there rather than stretching past our scope.
Common Questions in Newcastle
General Advice in Newcastle
This information is general in nature and does not take into account your personal financial situation, needs or objectives. Before acting on this information, you should consider whether it is appropriate for your circumstances and seek independent financial advice.