Our Services

Accounting Services and Income Tax Returns

We believe accounting services should be straight forward and stress-free. By providing cutting edge accounting, taxation and financial solutions, our team at Rubin Partners will work with you to understand your needs and help you achieve your goals. Our approach will make it easier for you to manage your cash flow and meet your tax obligations.

Income Tax Returns can be complex and there are tax deductions and expense claims which are permissible, but of which you may not be aware. We can help you minimise the tax payable, and potentially increase your tax refund, while making sure your tax return is lodged on time.

We understand that Fiscal compliance is of the upmost importance, however, we at Rubin Partners also believe in offering additional input regarding management support for all levels of your business and personal situations.

Our expertise includes the following:

• Personal & Business Tax Returns
• Annual Reporting
• Business and Tax Advisory Services
• Management of ATO Correspondence
• Self-Managed Superannuation Funds
• Investment properties - tax and negative gearing
• HELP (higher education loans) debts
• Superannuation
• Estate Returns and Financial Statements
• Business Valuations
• Interim Management Accounts and Reporting
• Testamentary Trusts

Rubin Partners would welcome the opportunity to discuss how our accounting services can help ensure your tax obligations and compliance is properly and professionally completed. Call us on 03 8534 9500 or e-mail rubinp@rubinpartners.com.au

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Tax & Accounting Consultancy Services

Management Accounting includes the preparation of management reports and accounts that provide accurate and timely financial and statistical information. Information required by managers to make day-to-day and short-term decisions more efficiently and effectively to achieve desired outcomes such as increasing profit or delivering improved services.

Unlike financial accounting, which produces tax returns and annual reports, management accounting generates monthly or weekly reports for an organization's management and decision makers. These reports typically show items such as available cash, sales revenue, orders in hand, accounts payable and accounts receivable, and outstanding debts. An important aspect of Management accounting is determining what information management needs and communicating this effectively.

Rubin Partners can assist with all aspects of management reporting including:

• Strategic advice to managers about the financial implications of projects
• KPI reporting
• Explaining the financial consequences of business decisions
• Formulating business budgets and business plans and strategies
• Monitoring spending, financial control and Cashflow projection
• Conducting internal business audits
• Monthly/quarterly management reports
• Product costing reviews.

Rubin Partners would welcome the opportunity to discuss how our tax & accounting consultancy service can help ensure your plans are properly and professionally implemented. Call us on 03 8534 9500 or e-mail rubinp@rubinpartners.com.au

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Business Accounting

You concentrate on running your business and let Rubin Partners take care of all your business accounting and taxation requirements. The following list covers many of the areas where we help our clients but we also like to understand what your business is trying to achieve so that our input maximises your outcomes.

• Accounting and bookkeeping
• Accounting software advice and assistance
• Business & company tax returns
• Taxation – GST & PAYG advice, BAS preparation
• Liaise with the ATO on your behalf
• Help understand your WorkCover obligations
• Tax Audit advice & audit insurance
• Superannuation for you and your staff
• Business ‘start up’ advice
• Prepare Business plans and financial budgets and review these regularly
• Measure your performance against industry benchmarks
• Trust & company structures
• Business Insurance.

Rubin Partners would welcome the opportunity to discuss how our business accounting service can help ensure all financial aspects of your business are addressed in a proper and professional manner. Call us on 03 8534 9500 or e-mail rubinp@rubinpartners.com.au

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Self Managed Superannuation Funds (SMSF)

Setting up a Self-Managed Superannuation Fund is a major financial decision. We understand that you’re busy and that the SMSF rules are complicated. We will provide you with an end to end solution giving you access to all the support and expertise you need to ensure your SMSF is well managed and compliant.

A SMSF can have many advantages but, equally, you need to consider the reasons why a SMSF may not suit your needs. We can help you decide if this is the right option for you.

Advantages of a SMSF:

Having control of your retirement savings can lead to a deeper understanding of how your overall wealth is tracking, and gives you more confidence in your investment and lifestyle decisions.

You can have access to a broader range of investments. You can invest in the usual options such as shares, term deposits, managed funds and property but you can also hold alternative assets such as artwork, jewellery, antiques, and wine. There are though, very strict rules on holding the latter assets in your self-managed super fund.

You retain control while still being able to take advice from your advisors.

Beneficial tax planning strategies.

Greater flexibility for accessing Centrelink benefits such as the age pension.

But a SMSF is not for everyone:

If you have set up a self-managed super fund (SMSF), you are in charge and you make the investment decisions for the fund. You must also be aware that you are responsible for complying with superannuation and tax laws, maintaining records, providing financial statements, completing tax returns and organising an annual independent audit.

You also need time and expertise to run your SMSF.

Compliance is very important.

There can be up to 4 Trustees and their thoughts and ideas have to be included.

The ATO offers advice on the responsibilities of having a SMSF.

Rubin Partners offers advice on all SMSF services, including:

• The setting up of a SMSF and all administration tasks such as preparation of your trust deed and the completion and lodgement of relevant ATO statements.
• Superannuation consolidation.
• Ensuring your SMSF is compliant with current superannuation laws and regulations
• Advice on life and disability Insurance options.
• If there is more than one member in your SMSF, we can offer advice on what will happen in the event of ill health, death, relationship breakdown, or waning interest.
• Advice regarding Investment in Property
• Appointment of Trustees
• Audit of your SMSF

Rubin Partners would welcome the opportunity to discuss if a SMSF is suitable for your needs. Call us on 03 8534 9500 or e-mail rubinp@rubinpartners.com.au

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Business Advisory

Choosing your business structure is an important decision and Rubin Partners can consult with you and suggest the best structure for your business. There are four main business structures commonly used by small businesses in Australia. They are:

• Sole trader: an individual operating as the sole person legally responsible for all aspects of the business. Like other structures, as a sole trader you can employ people to help you run your business. The structure is inexpensive to set up because there are few legal and tax formalities.
• Partnership: an association of people or entities running a business together, but not as a company. A partnership is relatively inexpensive to set up and operate.
• Company: a legal entity separate from its shareholders. It is a complex business structure, with set-up and administrative costs that are usually higher than for other business structures.
• Trust: an entity that holds property or income for the benefit of others. Trusts require a formal trust deed that outlines how the trust operates, require the trustee to undertake formal yearly administrative tasks and if you operate your business as a trust, the trustee is legally responsible for its operations. A trustee of a trust can be a company, providing some asset protection.

Companies and Trusts are more complicated business structures but they have their advantages and Rubin Partners can discuss these with you. It is important to note that you can change your business structure throughout the life of your business.

We can also assist with:

• Business takeovers
• Valuation of business
• Due diligence reports
• Due diligence services
• Business risk profiles
• Specialist Tax advice
• Tax planning
• Board of Directors representation
• Specialist Tax advice

Rubin Partners would welcome the opportunity to discuss how our business advisory service can help ensure your business structures are the most suitable for your needs and plans. Call us on 03 8534 9500 or e-mail rubinp@rubinpartners.com.au

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Corporate Compliance

Rubin Partners has the experience and understanding of the legal and regulatory framework that applies to business entities and we can help you understand the myriad compliance programs and regulated obligations that affect your business/company. We will make sure your business/company meets all its obligations to ASIC (Australian Securities & Investments Commission), the ATO (Australian Taxation Office) and the SRO (State Revenue Office of Victoria). Compliance is of paramount importance but we also believe that management advice and support is a crucial aspect of corporate accounting.

We can assist with:

• The formation of trusts and new company registrations
• Preparation of annual company statements
• Attending to ASIC returns and regular filings on your behalf
• Any company changes or change of directors
• Business name registrations and maintenance
• Renewal of business name/s and other registrations
• Preparing meeting minutes and drafting resolutions
• Share allotments/transfers/buy-backs
• Unit Trusts and allotment/transfer of units and change of Trustee
• Family Trust set up and change of Trustees
• Provision of registered office services for service of notices
• Preparing minutes and drafting resolutions.

Rubin Partners would welcome the opportunity to discuss how our corporate compliance service can help ensure your business activities comply with required rules and regulations. Call us on 03 8534 9500 or e-mail rubinp@rubinpartners.com.au

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