At MRG Redshaw our mission is to assist you to maximise your returns and growth in your business, personal and superannuation affairs. We offer a wealth of experience in providing a comprehensive range of business and taxation services to small and medium sized enterprises. We cater also to professionals looking for one on one personalised service and advice to assist in achieving optimal after tax outcomes.
TAXATION CONSULTING & PLANNING
In a constantly changing environment, tax planning becomes a complex task. MRG Redshaw can provide comprehensive guidance when it comes to establishing and maintaining a tax effective business group structure.
With regular legislative changes to consider, MRG Redshaw can help you structure complex business and property transactions in a way that will give you the opportunity to take advantage of a broad range of tax concessions.
SELF MANAGED SUPERANNUATION FUNDS
We specialise in the establishment and ongoing compliance work for Self Managed Superannuation Funds (SMSFs).
Business owners and professionals may appreciate the value of the control and wide investment choices offered by managing your own SMSF. We currently offer services to a number of clients whose SMSFs have investments in private unit trusts that own their business premises. Many of our clients make use of Limited Resource Borrowing Arrangements (LRBA’s) to finance property investments in their SMSF and this is something we can offer experienced advice on.
In a complex legislative environment MRG Redshaw will ensure your SMSF never has an issue with compliance while taking advantage of the latest opportunities for tax savings.
Superannuation and in particular SMSFs, are a financial product requiring an Australian Financial Services Licence (AFSL) in order to give advice relating to superannuation and your personal circumstances. MRG Advisory Pty Ltd (AFSL No.488367) holds a limited AFSL and the Directors both have RG146 qualifications allowing them to advise on superannuation matters and recommend courses of action to achieve the best taxation outcomes while ensuring your best interests are taken into account.
MRG Redshaw are not Financial Planners and we are not licensed to provide class of product advice. However, we can provide access to a panel of independent financial planners who have extensive experience in dealing with the unique requirements of SMSFs and can provide advice with regard to specific investment choices for your SMSF.
If you are considering setting up an SMSF or are currently the trustee of an SMSF you may find the following useful.
TAXATION COMPLIANCE ISSUES
MRG Redshaw’s advanced computer systems and software allow our team to process your income tax and other small business compliance work efficiently and cost effectively.
Where possible, we encourage our clients to arrange the basic data processing so our services can help you build your business in a cost effective manner.
Our services include preparation of the following upon request:
- Financial Statements
- Income Tax Returns
- Business Activity Statements
- Fringe Benefits Tax Returns
- Payroll Tax Returns
PROPERTY PURCHASE ANALYSIS
Property investment can be complex with succession planning, income tax and asset protection issues to consider.
Clients often approach us for guidance in the decision making process and in response we have formulated a comprehensive in-house software package to analyse the impact of relevant variables such as:
- Loan costs
- Interest rate
- Rental income
- Property expenses
- Capital growth
- Inflation rate
- Tax consequences on sale
Our purchase analysis software will provide you with an easy to interpret report outlining the following:
- Budgeted annual cash flows
- Impact of expected future property values
- An estimate of tax liabilities on sale
- The income tax benefits of negative gearing
BUSINESS STRUCTURES & CORPORATE SECRETARIAL
It is vitally important that the correct legal structure is established for any new business venture or property investment. MRG Redshaw can analyse the details of any relevant issues and give you proactive advice when these opportunities arise.
To ensure compliance, we offer a Registered Office facility whereby we maintain your corporate secretarial files. We can liaise with the Australian Securities & Investments Commission (ASIC) on your behalf to ensure all reporting requirements are satisfied in a timely manner.
BOOK KEEPING ASSISTANCE
The MRG Redshaw accounting team are well trained to support and assist you in the practical issues that may arise with the use of your computerised accounting software.
The team are fluent in all versions of commonly used software packages including MYOB, Xero, Reckon (Quickbooks) and Saasu. We can assist you to resolve problems and make the year end data transfer from your system to ours as seamless as possible.
With access to a number of professional bookkeepers we can help you arrange the right person for your data processing needs.
Many of our clients have transitioned to using live cloud based files allowing us to access their accounting software at anytime to assist them with trouble shooting and advising on up to date profit figures.
If you are not yet using a live cloud based accounting software, we can advise on the best options and assist you with the transition.