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With over 40 years of experience, we understand when you need to minimise your tax and when you need to demonstrate profitability.
Process optimisation, compliance, minimisation strategies — our accountants will ensure your business is as tax-efficient as possible.
Running a successful business is a long-term journey, and we can help you every step of the way with a range of financial services.
We have been at the forefront of industry developments for over 40 years, and we're up to date with all the relevant legislative changes and accounting technologies.
We see it constantly: enterprises of all sizes and in all industries, with ambitious leaders, intelligent teams and unique products, getting hamstrung by poor tax planning. It’s a shame, but an understandable one; corporate taxes can be quite complex.
Our business taxation specialists will help you do far more than sort out your numbers and satisfy the ATO — we can optimise your accounting practices to turn the storm of tax time into a quick, calm breeze.
Whether you’re an established or small business, we’ll gladly work with you as your primary business tax accountant or as a supplement to your internal team. Let’s book in a consultation so we can discuss your needs and tailor a suitable arrangement.
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Completing and submitting your taxes is the bare minimum we can do. Our fundamental goal is to help you make your business as tax-efficient as possible. By that, we mean that we aim to minimise your tax liabilities so that you can reap as much profit as possible.
There are several ways we can assist you. If you’re a small business owner, we’ll teach you everything you need to know about your tax obligations and set up reliable and straightforward accounting procedures to ensure you meet them. If you run a mature and growing business with a resourced accounting department, we’ll provide additional corporate tax training and advice and help you restructure your business to protect your assets, minimise your taxes, and plan for future growth and development.
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With its implications of consequence and punishment, ‘compliance’ can be quite a scary word. Especially considering how easy it can be to make mistakes on business taxes.
Our team of industry-renowned tax compliance specialists will ensure that your taxes are completed to the letter, with neither a misplaced number nor a forgotten declaration.
“If it seems too good to be true, it probably is.” Good advice in any facet of life, and it should certainly apply to a term like ‘tax minimisation’. We assure you that there are several strategies to minimise your obligations and maximise your profits, and we’ll help you implement the most relevant and effective.
Following our initial consultation, we’ll create a bird’s-eye view of your operations so that we can assess how to restructure and optimise your business to protect your earnings. Once we agree on next steps, our tax minimisation accountants will set up regular monthly or quarterly sit-downs with you and your internal team to make the necessary changes.
The more complex your business, the more complex your accounting. Frankly, it can be a headache — we’re saying this, and we’ve devoted our careers to it. The medications for these migraines come in the form of countless accounting apps and platforms, each competing for your attention. Here’s our recommendation.
Xero is, in our experience, the most effective accounting platform for small- and medium-sized businesses.
Our Xero bookkeepers can help you set up new accounts or transition your existing data onto Xero’s cloud-based platform. The platform allows us to reliably automate responsibilities, ensuring that we have all the data we need when tax time comes around.
We’ve been using it for years and have earned Platinum partner status, giving us access to exclusive access to the most economical pricing plans and features.
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“If it seems too good to be true, it probably is.” Good advice in any facet of life, and it should certainly apply to a term like ‘tax minimisation’. We assure you that there are several strategies to minimise your obligations and maximise your profits, and we’ll help you implement the most relevant and effective.
Following our initial consultation, we’ll create a bird’s-eye view of your operations so that we can assess how to restructure and optimise your business to protect your earnings. Once we agree on next steps, our tax minimisation accountants will set up regular monthly or quarterly sit-downs with you and your internal team to make the necessary changes.
Liston Newton has been accredited by, and earned membership in, several leading accounting authorities.
Kieran Liston and the Liston Newton team have been assisting me with my accounting matters since 1976. For the past 47 years, Kieran and the Liston Newton team have provided reliable accounting assistance, which has allowed me to focus on my business in primary production.
Their exceptional service has consistently exceeded my expectations and made me feel that they truly care about my financial well-being.
Liston Newton has given me really helpful guidance over the years for both my business and my personal finances. When you have an accounting team that you trust to give the right advice, it gives you the confidence to focus on growing your business and doing the things you love.
Liston Newton helped us move our accounting over to Xero. Their Accountant managed the set up and training so we felt comfortable with the software. We now have all our processes streamlined which gives us improved visibility of our business performance. This has allowed us to open 2 more stores without a significant increase in administration effort.
There’s only so much we can discuss on one page, but we have plenty more to share.
At Liston Newton Advisory, we take pride in helping business owners get more out of their hard work. Our downloadable guides can give you an in-depth look at strategies and technologies that will help your business grow
If you read something you’d like to learn more about, book a free consultation and let’s have a chat.
Accounting can feel like such a dry discipline that it can be hard to imagine what a long-term relationship with an outside firm even means. Well, we’ve formed decades-long partnerships with several of our clients, so we’re confident we have plenty to offer.
Business accounting isn’t just bean counting. We act as strategists, implementors and financial counsellors. We’re in this business because we want to support other businesses in achieving their ambitions. That’s what satisfies us.
Look at our case studies. Pick any three at random. See what we can do and what our clients say about us. That’s what we want to build with you.
We have developed a unique approach to accounting. All our services are part of an overall strategy designed to move your business through the different stages of growth. We call our method Get Set, Get Moving, Get Free.
We walk before we can run. We’ll get your fundamentals in order to ensure your business accounts are stable and healthy.
We run before we can fly. We’ll start planning and implementing long-term strategies to take your business where you want it to go.
We take off. Now that your business is a powerhouse, it can fuel your other ambitions, from retirement to estate growth to wealth generation.
Since engaging Liston Newton’s services, Kate Nixon has seen a 12x increase in revenue and has effectively scaled her business in a tax-effective way.
Take a lookWe restructured Papermill Media and moved them to cloud accounting. Papermill was listed at number 43 in the Australian Financial Review's Fast 100 List in 2017.
Take a lookWe built Safe T Pro a financial model to give them a clearer insight into their business performance, enabling them to scale without putting too much pressure on cashflow.
Take a lookWe have six offices across the east, from which we can provide accounting services for metropolitan and regional businesses alike. Rest assured that our services are available to you no matter what state or territory you’re based in, and we’ll gladly make the trip over for a handshake, coffee and a consultation.
Individual tax rates are marginal and increase depending on the income you receive as a wage. The individual tax rates can be found on the ATO website.
The federal government just revised company tax rates in the 2017/2018 budget. Companies with less than $10 million in turnover will be considered small business entities and will be eligible for a 28.5 per cent tax rate in the 2017 income tax year and a reduced rate of 27.5 per cent in the 2018 income tax year and beyond. These rates are explained in more detail on the ATO website.
Capital Gains Tax is the tax an individual or respective entity pays on the gain made from disposing of an asset. Your Capital Gain is the difference between the proceeds you receive and the cost base of your asset. The gain can be subject to a 50% discount if the asset has been held for more than 12 months. If the asset has not been held for 12 months, there is no discount available.
Any business operator will need to consider registering for GST once they estimate that their annual turnover will exceed $75,000 within any income tax year.
Most businesses lodge a Business Activity Statement (BAS) quarterly. Depending on your annual turnover, you may be required to lodge either an annual, quarterly, or monthly BAS.
FBT stands for Fringe Benefits Tax. It is a tax that employers incur when they provide certain benefits to their employees. FBT is separate from income tax and GST and is calculated on the taxable value of the fringe benefits provided.
Or, if you prefer, over a conference call. Leave us a message and we’ll get back to you shortly.
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