SERVICES

Accounting

Business Structuring & Acquisitions

Establishment of business structures for example Company, Trust and Partnership.

Business Activity Statements

Preparation of quarterly/monthly/yearly business activity statements.

Management accounts

Preparation of monthly or quarterly management accounts reports.

Corporate Compliance

Ensure your business meet ASIC requirements and maintains the corporate files.

Financial statements

Comprehensive financial statements are essential for your business to determine its financial health. However, depending on your business, you may also have to lodge your financial reports with the Australian Securities and Investments Commission (ASIC). Even if you don’t have to lodge, you do need to adhere to the country’s regulations and legislation.

Taxation

Tax Planning & Advisory

Enables you to minimise tax, evaluate your current business position, maximise future profits, and plan for all your legal and financial taxation obligations.

Business Activity Statement (BAS)

BAS lodgement will report to ATO whether or not your business is liable to pay goods and services tax (GST) and will also assist you in paying your Pay As You Go (PAYG) instalments as well as any other taxes associated with your business. By using our services, you can spend less time worrying about completing and lodging your BAS and more time focusing on your business.

Income Tax

This is the federal tax that you are legally required to pay. It comprises assessable income excluding GST. Allowable deductions are taken off, and these could refer to any obligatory expenses.

Fringe Benefits Tax (FBT)

It’s great to make your employees feel welcome and appreciated. Perhaps you can do this by providing private health insurance, offering a company car or other types of benefit apart from cash. However, these fringe benefits are taxable and are calculated separately to income tax.

Audit & Assurance

Our team at OBP take the time to truly understand your business so we may provide a high-quality, risk-focused service. OBP will undertake all aspects of audit work of both large and small entities including but not limited to:

External Audits and Reviews

● Company – Private, Public and Unlisted
● Local Government
● Not for Profit Associations
● Charities
● Clubs
● Registered Organisations – Unions & Employer Associations
● Education

Trust Account Audits

● Solicitor Trust Accounts
● Real Estate Trust Accounts
● Motor Vehicle Dealer Trust Accounts
● Accountant Trust Accounts
● Settlement Agent Trust Accounts

Variable Outgoings Audits
Australian Financial Services Licence Audits
Self-Managed Superannuation Fund Audits
Financial Statement Preparation
Agreed Upon Procedures Engagements
Due Diligence

Financial Planning

Superannuation

Super is a very tax-effective way to save for retirement, yet the rules keep changing and it’s vital your strategy stays up-to-date. We can advise in all areas of superannuation – including industry and retail funds, Self-Managed Super Funds (SMSFs), Defined Benefit Funds, RSAs and so on. We can advise on the best contribution’s strategy for you, finding lost super, choosing the best fund or funds and consolidating your super, as well as super splitting, dealing with redundancy, transition to retirement, recontribution strategies and so on.

Self-Managed Superannuation Fund

A self-managed super fund is an excellent vehicle of reaching your retirement goals. The advantage of this type of fund is that as the member, you are also the trustee and can customise the fund to suit your requirements. We provide set-up, administration and auditing services for your SMSF.

Tax Effective Planning

OBP has extensive experience to ensure that you’re following the correct tax regulations in Western Australia, both personally and professionally and we will ensure that you are not paying more than you need to.

Asset Protection and Estate Planning

We can help you to set up holding structures such as trusts and companies to give you the essential protection if your business is involved in a legal dispute. Guarding your assets is also a critical component of estate planning. All of your planning and protection will be in vain if your family, loved ones, or stakeholders are not given their due when you pass on. OBP are experts at making sure that this won’t happen.

Risk Management

With our risk management services, we will be able to mitigate possible financial loss which could be as a result of a range of circumstances such as death, disability, or loss of income. Not only will we identify and evaluate the potential risk, but we will also manage it and implement a plan or solution.

Managed Investments

With the wide array of investment options that saturate the market, our goal is to completely customise your investment solution around your ideal lifestyle. From an active or passive fund to a single asset or a multi sector account, there is so much choice, each with their own pro’s and con’s. Our role is to sift through the jargon, explain your options in a language you understand and help implement the most appropriate solutions to assist you in achieving your long-term financial goals.

OBP Financial Planning Pty Ltd is a Corporate Authorised Representative (No. 1243670) of InterPrac Financial Planning Pty Ltd (AFSL 246638)

At OBP we are big enough to meet your needs but small enough to know your pet’s name.

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