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Why should I choose Positive Outlook Accounting?
Positive Outlook Accounting is a full service taxation, accounting and financial advisory firm. Based in Mornington, we service clients from a wide range of industries and we cater for individuals, small to medium businesses and self-managed superannuation funds.
We also offer full financial planning and retirement advice coupled with SMSF strategies. Leanne Tunbridge, the principal of the practice has more than 30 years' experience in public accounting. All our professional staff is either CPA or ACA certified.
Why is having a good accountant important?
The importance of having a good accountant extends beyond the preparation of tax returns and financial statements. At Positive Outlook Accounting we understand that an accountant must be able to analyse, interpret and translate financial data into actionable business intelligence and strategy. Our accountants are all CPA or CA certified and offer further services including tax planning, business consulting, SMSF and retirement planning and personal financial advice.
I operate my business outside Victoria. Can I still use Positive Outlook Accounting?
Most certainly. Positive Outlook Accounting has many clients that operate outside Victoria including Queensland, NSW and South Australia. The advent of advanced communication technologies online means that interstate and even international clients in Europe are now very much a part of our business.
How much will it cost me to have a professional accountant undertake all of my accounting work for both my business, my Self-Managed Superannuation Fund and our individual Income Tax Returns?
When a new client joins us, this question is usually at the top of the list. As you can well appreciate, professional fees vary from client to client pending upon what needs to be undertaken. All of our accountants are degree qualified and are either a CPA or ACA [chartered] accountants. We invest heavily in training to ensure that everyone at Positive Outlook Accounting is at the leading edge of both accounting standards, Taxation legislation, Superannuation legislation and compliance.
We also fully appreciate that we exist in a highly competitive market but even so, we will not under any circumstance undercut our fees by not undertaking proper review processes and the like. To answer the question, we have prepared what we call a menu of services which will provide you with an approximation as to what costs what.
We believe that our fees are highly competitive particularly given the following facts:-
- All professional staff are tertiary and degree qualified.
- Extensive in house training and participation in external seminars and training courses.
- Employing the latest in both hardware and software solutions – even investing in software to access to "cloud technologies".
- Full circle of professional services necessary for all businesses and individuals
- The calibre of our strategic partner relationships.
In certain circumstances, we have a deep relationship with financiers who will pay your account. You then have the opportunity of repaying these financers at a highly competitive interest rate. This is particularly relevant given the up and down of receiving income. This facility enables you to smooth out your expenditures and match them on income.
Does Positive Outlook Accounting have a menu of services and if so, what are they?
The Menu of Services:
Our Menu of Services is defined as follows:
- Superannuation Funds
- Fringe Benefits Tax
- Registration of Business Names
- Formation of Business Structure [i.e. Partnership formation, company incorporation to name a few]
- Application for TFN, ABN, and GST Registration
- Business Activity Statements [GST Returns]
- Company Secretarial Services [ASIC Requirements]
- Preparation of Financial Statements
- Assistance with budgeting and cash flow forecasts
Self-Managed Superannuation Funds
- Set up and Registration of your SMSF
- Preparation of Financial Statements
- Conducting the annual audit – which is subcontracted to an independent body
General Advice and Consultations
- Advice on Additional Superannuation Contributions
- Advice on Business Planning and Structures
- Advice on various Financing Options
- Advice on Salary Packaging and Salary Sacrificing
- Advice on General Tax Planning
Within the above fee guidelines, we further offer a three tier level of services, summarised as being:
Tier One: The Compliance Package
Professional advice/assistance to help your business comply with the myriad of Government forms and regulations. This tier encompasses bookkeeping, personal and business tax returns, financial statements and business activity statements.
Tier Two The Plus Package
Gain control and direction in your business and personal financial affairs. This tier encompasses the preparation of essential management tools to help you make the informed and therefore, the correct business decisions. We actively assist you in interpreting your periodic reports that monitor key performance indicators. Further, we continually undertake both a business and personal health check.
Tier Three The Business Plus Package
Grow your business for financial independence and peace of mind. We perform a detailed personal financial analysis and planning consultation, and an activity based costing and/or management assessment of your customer base and business processes, We will guide you through a 12 to 24 month business development program purely designed to increase your company's profits and business value and build less reliance on the owner's daily input. Under this tier, we bring all our considerable resources to assist you in your planning processes.
Tier Four One Off Advice and Projects
Take advantage of our specialised services to help you solve common issues that your business may face. Special projects include accounting system upgrades, business start-ups and/or valuation services, succession planning, estate planning, superannuation, or any other strategic project whereby you require a professional skill set.
Our Fee Structure: A General Guide
We can generally offer clients a fixed fee for most engagements. To do so requires a understanding of your circumstances and requirements. The time taken can depend on many factors including the complexity or technical issues, quality of your records and the strategies to be adopted.
Will I gain a reward should I refer Business to Positive Outlook Accounting & Business?
When we first began operations back in 2005, we had a relatively small client base. Positive Outlook Accounting has grown substantially in the period since. Like all good businesses, our growth is purely attributed to word-of-mouth referrals from our current clients who have been impressed with our relationship management, our service and fees/ value for money.
We appreciate this form of business referral very highly. In recognition of this, we implemented an incentive system. For those clients that refer similar sized new business clients, you will be rewarded.
Rewards can be in the form of vouchers or discounted professional fees. These rewards will be issued upon the payment of work completed for the new client.
Be sure to inform us of new clients you refer! Please remember that the first consultation will be at either no charge or obligation free to these new potential clients. For further information, please call Leanne on (03) 5973 5322. At the very least, we can assure you a lovely bouquet of chocolates and flowers.
Do you have Partners?
Positive Outlook Accounting has partnerships with a number of professional entities of varying disciplines that assist us in the conduct of our business. These partnership arrangements are tightly controlled and monitored very closely to ensure that our clients are protected.
Our Strategic Partner Network
Many different skills are required when applying a holistic approach to a client's financial well being ranging from compliance accounting, through to establishing current management and taxation strategies through to retirement and financial planning. We made the decision many years ago to formulate deep strategic relationships with professionals whom we consider to be at the top of their game. Given this platform, we needed to source professionals from the following disciplines:
- Financial Planning and Retirement Planning
- Share Trading
- Human Resources
- Motor Vehicle Funding
- Business/ real estate valuations
We are very pleased and proud to announce the following professionals that have entered into this arrangement.
Executive Wealth Strategies
Wealth Creation/ SMSF
Shaw and Partners Stockbroking
ASX Shares Trading
Commercial & GeneralFinancing
Commercial & Mortgage Finance
All of these professionals are happy to meet with you at the Positive Outlook Accounting offices in Mornington.
Please note that you are absolutely under no obligation to use these professionals. We appreciate and accommodate those professionals with whom you have built up a strong relationship over the years.
At all times, Positive Outlook Accounting will analyse what these professionals are saying to ensure is it of benefit to you. We will provide you with an independent viewpoint based on the directions and strategies that are being proposed.
To get you back on track or to gain a deeper understanding of your financial strategies, please contact Positive Outlook Accounting on (03) 5973 5322.
What areas do Positive Outlook Accounting specialise in?
Positive Outlook Accounting is a firm of Certified Practising Accountants, Registered Tax Agents and Business Advisers. We service business and professional clients from across Victoria, Australia and internationally.
We have expertise in:
- Accounting and Business Services
- Financial Statements
- Management Accounting
- General Ledger Support
- Periodic Accounts
- MYOB, QuickBooks, Reckon, Xero
- Business Development and Marketing
- Finance and Funding
- Executive and Strategic Services
- Business Formations and Structuring
- Financial Planning
- Retirement Planning
- Wealth Creation
- Estate Planning
- Risk Management
The services that we provide are:
- Annual Returns
- Bank Submissions
- Business Advice
- Business Planning
- Business Turnaround
- Capital Gains Advice
- Cash flow Management
- Compliance Advice
- Due Diligence
- Electronic Filing
- Electronic Taxation Lodgement
- Financial Accounting
- Financial Planning
- Financial Reporting
- Financial Strategies
- Management Accounting
- Management Advice
- Monthly Reporting
- Negative Gearing Advice
- Rental Property Advice
- Retirement Planning Advice
- Succession Planning
- Taxation Advice
- Taxation Assessments
- Tax Debt
- Trusts Advice
- Wealth Creation Advice
The Industries that we have gained expertise in owing to our extensive experiences
- Caravan Parks
- Discretionary trusts
- Legal Profession
- Medical Profession
- Medical Surgical Day Centres
- Real Estate
- Sole Traders across multiple industries
The Services that we have extensive specialist knowledge include:
- Accounting Services
- BAS Preparations
- Business Accountants
- Business Development
- Business Reconstruction
- Business Structuring
- Commercial Advice
- Corporate Governance
- Family Accountant
- Financial Analysis
- Financial Control
- Financial Modelling
- Fringe Benefits Tax
- GST Services
- Insurance Claims
- Joint Ventures
- Litigation Support
- Managed Superannuation Funds
- Medium Business
- Personal Accountant
- Purchase of your Business
- Sale of your Business
- Self-Managed Superannuation Funds
- Small Business
- Small to Medium Business Specialists
- Strategic Advice
- Taxation Returns
- Trust and Company Formations
What is the culture of Positive Outlook Accounting?
At Positive Outlook Accounting, we pride ourselves in that we offer our staff a career as opposed to simply a job. Professional development is not only encouraged but expected. We are fully committed to investing time and money into the professional development of our staff. This is complimented by our flat organisational structure that enables a culture of interaction between our accountants, senior accountants and partner. We maintain a supportive caring team environment.
Some of the reasons for Positive Outlook Accounting's ongoing success are listed below.
- THE RIGHT TOOLS
- State of the art technology.
- Regular formal training sessions.
- Professional development workshops.
- A challenging and supportive environment that encourages excellence and learning.
- Open and complete access to senior staff thereby enabling less experience staff to grow professionally under the support and guidance of more senior staff.
THE RIGHT ATTITUDE
An environment in which staff can grow and in return, Positive Outlook Accounting expects excellence and commitment.
Family women based orientated accountancy practice, so whilst we work hard to get the job done, we strive to maintain a balance between lifestyle and our work ethic.
We adopt a flexible attitude to our team members - whether it is working part time or full time. We will also facilitate leave and other arrangements according to both individual and family needs/requirements.
Regular staff meetings to monitor client progress, expectations and needs and cultivating the right client service orientation attitude
THE RIGHT REWARDS
Hard work is always recognised and rewarded for your efforts are effected via:
- Regular performance feedback sessions.
- Professional development opportunities.
- Clear career path planning.
- Interesting and varies work to stimulate and encourage your development and learning.
What is a CPA - Certified Practising Accountant?
Positive Outlook Accounting is a CPA firm according to the standards laid out by CPA Australia.
To become a CPA, it usually requires the completion of a 3-4 year university degree in accountancy, followed by 3 years supervised working experience under a qualified CPA. At this point you must successfully complete professional exams and the CPA Program. A CPA is also required to undertake continuous study /training throughout the duration of their CPA membership.
Positive Outlook Accounting has been operating since 2005 according to the requirements of trading as a CPA accountancy firm.
Whatever your accounting or financial planning needs, feel free to contact Leanne Tunbridge at Positive Outlook Accounting to assist you in finding a solution.
To arrange an appointment with Positive Outlook Accounting simply enter your details in the fields provided, click Send request now, and we'll reply by email to confirm your appointment.