How We Help
“Solving important financial problems”
Our aim is to provide you or your business with advice when you need it – not just when you ask for it. We’ll help you manage every aspect of your business, and because we establish a one-to one relationship with each of our clients, our advice will be tailored for your business. We’ve developed our traditional accounting practices into innovative client-focused services. Our flexibility & adaptability will ensure we can help you get the best results.
Small Business Specialist
“We Works on these principles”
- Professional advisory and guidance for starting, running and growing any small business
- Realistic and affordable advice on the most suitable business structure that meets customer’s needs.
- Help protect customer money and secure their future by providing expert tax advice and financial consulting
Our Small Business Specialists make enhancements to meet changing customer demands, identify business constraints and accordingly develop appropriate resolutions by analysing root causes of business issues so that small businesses can successfully perform the task.
Faisal Shamsi (principal)
We offer these services
- Business Start Up – Structuring / Forming Companies, Sole Traders (ABN),Trust & Partnership Firm
- Taxation
- GST
- Payroll Services (Single Touch Payroll)
- Management Reporting
- Benchmarking
- Budgeting
- Cash Flow Forecasting
- Company Secretary
- Selling a Business
- Succession Plan
- Superannuation
- Trust
- Voluntary Company Liquidation
Business Start-Up
If you have a good idea for a new business venture but don’t have expertise in the legal or financial aspects of creating a new business, we can help you:
- Decide on the most suitable structure for your business — Sole trader, partnership, or limited company and Trust
- Prepare a business plan, cash flow projections, budgets, and trading forecasts
- Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
- Establish a good working relationship with your bank
- Register for a Tax File Number and Australian Business Number with the ATO
- Complete registration procedures with the Australian Securities and Investments Commission
- Deal with company secretarial issues
- Set up a recording system for your internal use and for complying with statutory requirements
Taxation
At PB Harrison & Co. Pty Ltd we offer a full range of taxation services.
Taxation can be a major cost to your business. We will work in partnership with you to minimise your tax and help you achieve your key objectives.
We provide a complete service of help and advice in all the following areas:
- Income Tax preparation of tax returns for induvial, partnership, companies and trust
- Preparation of activity statements and advice on payment of tax
- Preparation of objection to ATO
- Goods & Services Tax (GST)
- Fringe Benefits Tax (FBT)
- Land tax
- Payroll tax
- Capital Gains Tax
- Withholding tax obligations
- Advice on and implementation of tax effective structures
- Management of any ATO Audits or disputes
GST Management
The GST system is a complex and confusing one. Consequently, PB Harrison & Co. Pty Ltd ensures our team remain up to date with any changes, enabling us to offer you accurate advice.
Every transaction now has an associated GST issue. We are experienced in these issues and can offer expert advice on the GST implications for your business. The GST-related services we offer include, but are not limited to:
- Advice on registering for GST
- Filing and adjusting GST returns
- ATO audit assistance
Payroll Services
Administering your payroll can be time-consuming and divert you from the core activities of your business. Payroll & employment legislation is growing increasingly complex.
We can relieve you of this burden by providing a comprehensive and confidential payroll service, including:
- Customised payslips
- Single Touch payroll services
- Administration of PAYG, statutory personal leave, annual leave etc.
- ATO filing
- Summaries and analysis of staff costs
- Administration of incentive schemes, bonuses and termination payments
Even if you have only a few employees, you will make savings by engaging us to administer your payroll.
Management Reporting
Modern business requires up-to-date, accurate financial information. We can relieve you and your staff of the enormous burden of all your bookkeeping, and all other accounting needs, including preparation of your annual accounts Monthly reporting, Balance sheet and periodic management accounts for tax, business appraisal, and planning purposes. The importance of forecasts in making a residential investment cannot be emphasised enough.
We can provide you with services for:
- Company turnovers
- Financial position
- Potential growth
Benchmarking
Have you ever wondered how your business performs compared to your competitors? Are you spending enough on advertising? Are you paying too much rent? Are your staff costs too high? What is the average bottom line of your competitors?
Survival in today’s business climate requires you to spend more time working on your business rather than in the business. We can provide you with accurate, timely and informative benchmarking reports – allowing you to:
- See how your business compares against your competitors
- Understand how the rest of your industry works
- Analyse the key performance indicators of your industry
Armed with this information, we’ll work with you to develop action strategies to improve your bottom line.
Budgeting
A good budget is a necessity in a good business plan. It is one of the best business tools we have, allowing us to set financial targets and measure our performance.
In addition to goal setting value, budgets will often improve your chances of acquiring funding. Financers often require budgets as a prerequisite for funding approval.
The techniques we utilize in the formation of financial projections will allow you to consider future scenarios and give you goals to strive for in your business. There are many types of budgets and we can help you design the right budget for your needs and requirements.
Let us show you how a budget is able to provide feedback to allow you to prepare for the future of your business.
Cash Flow Forecasting
Have you ever wondered if you are holding too much inventory? Is this the right time to expand your business? Are you going to have enough cash to pay all expenses every month?
Survival in today’s business climate requires you to spend more time working on your business rather than in the business.
We can provide you with accurate, timely and informative cashflow forecasting reports.
We can provide you with services for:
- Realize and understand when cash is available
- Plan and prepare for expansion, stock control, and taxes
- Analyse and anticipate key expenses
Armed with this information, we’ll work with you to develop action strategies to improve your bottom line.
Company Secretary
Company legislation requires businesses to perform many administration tasks which can take up a lot of valuable company time. The last thing you need as a business owner is to be stressed out trying to ensure you are complying with the Corporation Law. The possible threat of penalties for failing to keep up with the changing rules is too great a risk to take. Our team will relieve this burden for you.
We can provide you with services for:
- General advice on company law
- Company formations
- Preparation of all documentation related to minutes and resolutions
- Maintenance of statutory registers
- Assistance in changes of directors, shareholders, addresses, and office details
- Share transfers, issues and allotments
- Registered Office Facility
- Review of annual company statement
Please contact us further information on how we can help you to get back to the task of running your business.
Selling a Business
Selling a business can be a difficult, often disheartening time. In this state, the tasks involved in selling a business can seem particularly arduous. Here at Our office we are able to relieve that stress for you.
We can provide you with services for:
- Obtaining comparative results
- Establishing a realistic sale price
- Negotiating with potential purchasers
Our friendly and professional staff can assist in such a way that a maximum return for your business can be achieved.
Succession Planning
In ensuring the long-term success of your business, it is critical to establish a well-designed succession plan. Coordination of the transition of your business to your successors can be an arduous process. However, with our years of experience we can address the complex issues of business continuation, taking the stress off your shoulders.
Contact us for more information on forming a plan that allows for a hassle-free continuation of your business
Superannuation
As the Government encourages Australians to take responsibility for and reach their financial retirement goals, citizens are repeatedly required to deal with superannuation funds.
Self-managed superannuation is a means of saving for retirement. It enables you to control your investment strategy, reduce tax while obtaining tax benefits, and control administration costs.
Superannuation law is a delicate area and personalised planning is required for each individual. The team at PB Harrison & Co. Pty Ltd are superannuation experts who can assist in establishing a superannuation fund that will effectively enable you to reach your financial retirement goals.
We can provide you with services for:
- Establishing self-managed superannuation funds.(Our Area of EXPERTISE contact to know more)
- Full compliance services including taxation, accounting and auditing
- Advice on structuring of superannuation including bare trust
- Advice on any other superannuation matter
Trust Structuring
A trust provides a valuable way of protecting the assets you have accumulated for the benefit of others.
Different trust provide different benefits like minimising of tax, protection of asset and platform for investment. We have extensive experience and so can offer specialist advice on Trust formation and structuring ensuring that all statutory requirements are met. Obligations for trustees can often be onerous, and our assistance in Trust administration will also be invaluable.
Contact us today to ensure that your trust is formed and administered as effectively as possible, covering all requirements allowing it to fulfil its purpose.
Voluntary Company Liquidations
Our firm specialize in voluntary liquidations where the dormant companies are no longer required by clients.