Services

The design of either statutory reporting, reporting for income tax or for management and planning, control and review purposes should be tailor made for each client. The latter are, often designed around KPI's (Key Performance Indicators).

Audit Services include statutory audits under corporations law, trust account audits and high spot reviews designed to provide the necessary statutory reporting but also as part of the process to provide management advice on systems and procedures.

As an extension of audit services, we also provide assistance to companies in restructuring, take overs and other corporate planning including systems reviews, due diligence and internal audit.

In this increasingly complex and changing world, businesses are increasingly realising the need to work with external advisers. We do this with our clients by understanding their business and working with them towards objectives of growth, efficiency and profit improvement.

The IT industry is arguably the most rapidly changing industry in the world. We work with our clients to assist in assessment of proposals, training in respect of accounting software and assistance with the establishment of computer based accounting systems. Our wide experience in computer systems means that we can work with our clients to ask the searching questions of the IT industry.

It is simply not good enough to concentrate on the detailed services without understanding the big picture. Our assessment of the success of a business for a year is not necessarily to maximise the amount of profit, but is the amount of wealth improvement available back to the proprietors. As such our objective is to work closely with the principals so as to identify their personal financial goals and to work with them in their achievement of those goals. This often involves reference to licensed financial planners, (placement of funds, share acquisition, portfolio analysis) risk analysts and life insurance brokers. This division is headed by Trevor Zimmermann and Ryan Muller both are partners of the Merrotts Group through Aylesbury Financial Group Pty Ltd (AFG).

Australia's new GST tax system commenced on 1 July 2000 and has provided a whole new set of business challenges. We work closely with out clients to ensure assistance as required is provided in terms of record keeping and compliance services such as Business Activity Statements, but also in terms of understanding the correct GST to charge and input tax credits to claim, by interpreting this legislation for individual and group businesses.

As we become a more litigious society the need for loss assessment and specialist advice and court representation is more necessary than in previous decades. Disputes between business partners, matrimonial property settlements and compensation claims is a demanding and challenging speciality.

Through a related company Aylesbury Property Limited, we assist clients to invest in commercial property syndicates so as to be able to provide relatively low risk and diversified property portfolio.

Services include identification and negotiation of purchase terms, arranging finance and offering investment through a prospectus.

Superannuation will continue to be a major specialist area in Australian business as governments continue by way of taxation incentives to encourage people to plan for retirement through superannuation and by reducing benefits available through the Social Security Safety Net for people who don't.

Taxation incentives are available through many avenues of superannuation, including tax deductible contributions, rollovers and retirement planning. Our role is to ensure maximum utilisation is made of these arrangements but always in a way which protects the clients retirement assets but also maximises utilisation as assets to provide greatest possible benefits on retirement.

Income tax remains the largest source of revenue for the government and as such it is critical clients pay no more than their fair share. Our experienced personnel place a significant value in ensuring this objective is met by working with our clients to understanding taxation objectives to ensure they are met within the framework of income tax law. Our people have specialist expertise in income tax, goods and services tax (GST), fringe benefits tax (FBT) and land tax and are dealing with the complex areas of Business Tax Reform.