Price is what you pay, is what you receive!​

We believe 1+1+1 > 3; that is accountants + financial advisers + your advocators > the values you can get when you deal with them individually. For example, a financial adviser can only advise on investment or strategies, but can’t lodge tax; an accountant is good at tax but has no idea (and not licensed) on dealing with wealth strategies; an advocator can bring you oppotunites, but do not know what’s next. With The Ideas, you are with capable hands and holistic minds. 

Personal Tax Services
Basics

A simple tax return with employment income only.

$220 fixed fee

We will complete your tax return with all possible deductions. You can also expect us to share you some tax ideas to improve your positions in the coming year.

+Investment

Got investment properties under your name?

$110 extra

We will complete your tax return with all possible deductions and negative gearing calculations. We will also pass on bank offers if you are over paying the bank.

Sole Traders

Running a buisness under your name?

$165 extra

We will complete your tax return with a business schedule. Please note, the price does not inlucde bookkeeping and BAS. We would expect to receive summaries from you.

Manage Expectations
What's not included?

The fixed price services do NOT include training on tax knowledge, calculation and compare the what-ifs, weighting on pros and cons. But it does not mean we cannot be engaged in these services with a separate fee quote. This is to ensure you have a pleasant journey with Tax Ideas.

This is our engagement process.

Financial Advisory
Fee Structures

Note: your superannuation fund can contribute a portion of our advice fee.

Holistic Advice Fee (once-off) for young professionals seekings to set financials right - $3,300.

Holistic Advice Fee (once-off) for established couples building wealth - $4,950

Holistic Advice Fee (once-off) for retirement planning - $4,950

Advice Fee (once-off) for insurance review and selection only - $660

Ongoing Advice Fee for single professionals - $275 / month (only if you need us)

Ongoing Advice Fee for couple- $440 / month (only if you need us)

Our Steps

This is our full financial planning process.

1. DEFINING THE SCOPE OF ENGAGEMENT
We will explain the process we will follow, find out your needs and make sure they can meet us.
2. IDENTIFYING YOUR GOALS
You work with us to identify your short and long term financial goals – this stage serves as a foundation for developing your plan.
3. ASSESSING YOUR FINANCIAL SITUATION
We will take a good look at your position – your assets, liabilities, insurance coverage and investment or tax strategies.

4. PREPARING YOUR FINANCIAL PLAN
We will recommends suitable strategies, products and services, and answers any questions you have.

5. IMPLEMENTING THE RECOMMENDATIONS
Once you’re ready to go ahead, your financial plan will be put into action. Where appropriate, we may work with specialist professionals, such as an accountant or solicitor.
6. REVIEWING THE PLAN
Your circumstances, lifestyle and financial goals are likely to change over time, so it’s important that your financial plan is regularly reviewed, to make sure you keep on track.

Planning Ideas

When would you need a financial planner?

• You feel “lost” in planning for your financial future, and you need a roadmap.
• You just don’t want to deal. When it comes to money, you’re not the DIY type and prefer a professional to take care of it.
• You like managing your life and money, but realize that your financial plan would benefit from an impartial and unemotional third-party opinion.
• You want to learn and discover powerful unknowns.

How can we make your life better?

• Putting your money in better use
• Avoiding paying unnecessary tax
• Getting insurance for peace of mind
• Planning the retirement to stay on track
• Passing your wealth to the beloved ones
• Leveraging the banks to boost your assets
• And more

Accounting & Tax
Basics

Just starting out? Want to keep things simple? Let us keep you compliant and the red tape hassle

Monthly $290 plus GST

Financial Statements

Income Tax Return

Quarterly Activity Statements

Annual payroll & PAYG Payment Summaries

Annual Tax Planning

1 x monthly Support Query via Email

Standard

Need a little more from us? Get expert business advice every quarter. All of your compliance needs taken care of.

Monthly $420 plus GST

Financial Statements

Income Tax Return

Quarterly Activity Statements

Quarterly Teleconference with a Business Advisor

Annual payroll & PAYG Payment Summaries

ASIC Agent with Registered Office

Annual Tax Planning

3 x Monthly Support Queries via Email or Phone Call

Premium

Your virtual CFO. Monthly management reporting + advice as well as all your compliance needs taken care of.

Monthly $750 plus GST

Financial Statements

Income Tax Return

Monthly Virtual CFO Meeting (in person/online)

Monthly & Quarterly Activity Statements

Annual Payroll & PAYG Payment Summaries

ASIC Agent with Registered Office

Annual Tax Planning

5 x monthly Support Queries via Email or Phone Call

Manage Expectations

What's not included?

The packages do not include bookkeeping, personal tax returns, financial advisory and tax training. But it does not mean we cannot be engaged in these services with a separate fee quote. This is to ensure you have a pleasant journey with Tax Ideas.

Custom Quote

Payroll Tax

Monthly Activity Statements (for Basics and Basics+)

Fringe Benefits Tax Returns

NSW Payroll Tax grants

Corporate secretarial documents

ATO payment arrangements

Bookkeeping
Small.

Up to 100 transactions + 6 payslips

Monthly $290 plus GST

Up to 100 bank transactions reconciled per month

Monthly payable management using Receipt Bank
Payroll for up to 6 payslips (additional employees at $10/payslip)

Monthly P&L and Balance Sheet

Medium

200 transactions + 12 payslips

Monthly $580 plus GST

Up to 200 bank transactions reconciled per month

Monthly payables management using Receipt Bank

Payroll for up to 12 payslips (additional employees at $10/payslip)

Monthly P&L and Balance Sheet

Large.

300 transactions + 24 payslips

Monthly $870 plus GST

Up to 300 bank transactions reconciled per month

Weekly payables management using Receipt Bank

Payroll for up to 24 payslips (additional employees at $10/payslip)

Monthly P&L and Balance Sheet

Manage Expectations

What's not included?

Time sheets and rosters are not included in the payroll service.
You are responsible to keep all the receipts for bookkeeping.
We are not responsible to setup default superannuation funds.

Investment Administration
Investment Trusts

Managing your shares, properties, capital growth investments, financial statements, tax return, minutes, distribution statements

Monthly $180 plus GST

Financial Accounts

Income Tax Returns

Financial Statements

Distribution Statements

Minutes

Additional investor tools and reporting options are available

SMSF

SMSFs that want fixed cost reporting, flexibility of more options, full SMSF reporting, tax returns + audit. We also have inhouse financial adviser who is available to assist you further.

Monthly $250 plus GST

Financial Accounts

Income Tax Returns

SMSF Reporting

Includes standard Class Super subscription

Additional investor tools and reporting options are available

External audit included

One 45 minute consultation with a financial adviser included

Family Trust

Family Trust that holds passive investments. Financial statements, tax returns, minutes and distribution statements

Monthly $90 plus GST

Financial Statements

Tax Returns

Minutes

Distribution Statements

Training And Support
After setup support

Unlimited post implementation support of your online suite of products and same business day response time guaranteed.

Monthly $400 plus GST

All initial queries must be submitted by our screen recorder on our help desk to ensure quick response.

Priority support via Skype, email and phone

Xero

Xero Add Ons

Accounting Knowledge

3 months are paid in advance

Xero / QBO support

Support for your internal accounts team using Xero & add-ons using via our help desk and next business day guarantee.

Monthly $250 plus GST

All initial queries must be submitted by our screen recorder on our help desk to ensure quick response.

Support via our helpdesk only

Xero

Xero Add Ons

Accounting Knowledge

Training

How to effectively use your Xero suite. 4 hours online with your accounts team that you can record and reuse. 2 x 2 hour sessions

Once off $900 plus GST

online concentrated support for your team post setup

1st session is a guided demonstration through your setup

2nd session is Q&A on your usage of your setup

Xero

Xero Add Ons

Accounting Knowledge

All setups include ATO and ABR registrations

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