ACCOUNTANTS YOU CAN PARTNER WITHACCOUNTANTS YOU CAN PARTNER WITH

A ONE-STOP SOURCE THAT PROVIDES THE SUPPORT SMALL TO MEDIUM-SIZED ENTERPRISES NEED

WHATEVER YOUR VISION, YOUR SYSTEMS AND PROCEDURES NEED TO BE TAILORED TO SUIT IT

We adhere to and uphold the highest professional and ethical standards, maintaining rigorous standards of excellence. We are committed to providing close, personal attention to our clients. We take pride in giving you the assurance that the assistance you receive comes from years of experience and technical knowledge which is regularly updated by continuing education.

Since our inception, our goal has been to provide full-service tax and accounting expertise to individuals, businesses and corporations in a personal, flexible, convenient and professional manner.

This milestone laid the solid foundation to compliment the significant growth the firm enjoys currently.

Our servicesOur core services are business advice, accounting, taxation and Self-Managed Superannuation Funds (SMSF).

Our peopleOur people are the foundation of the firm. Our people maintain integrity, professionalism and independence at all times. They work together in an efficient and harmonious manner, so as to achieve our goals of delivering outstanding service to satisfied clients and helping those clients achieve all of their financial objectives.

We provide clients with quality service that focuses on the specific needs of each client. Clients deal with people who enjoy and take pride in their work and understand the need to give value through the services they provide.

We address business problems with creative solutions that are grounded in practical experience and high level of expertise.

PersonalisationOur services reflect our overall vision in building relationships whilst serving you and your business in the most effective manner. Your success will be enhanced by our specialised professional guidance. Our firm is perfectly sized to meet the demands of dynamic companies and yet give independent clients the personalised care and attention they need and deserve. This selfsame personalized care that we believe separates Femia Accountants from other accounting firms.

Making a differenceWe are committed to delivering partner-led quality services to you. We work with you on your path of growth and tailor individual solutions for you to ensure you excel in the challenging business environment. We provide you with dedicated commitment and we will work with you in generating a successful business, dealing with your constantly evolving needs and providing planned, objective advice when you need it.

Our Business advisory services spawned from a desire to help you grow your business. We can help you identify the issues that are preventing growth, and then help you to find solutions that make the business more profitable and competitive. Importantly we can help you plan to avoid these problems to begin with.

Business Advice to increase profitability and cashflowWe assist and mentor business owners of small to medium enterprises (SMEs) so they can transform their businesses into profitable, sustainable businesses with increased cash flow, and a crystal-clear business vision for the growth of their business.

Cost-Effective Strategies and full support from our expert accountants. We make business processes easier by taking full charge of what we do best – providing unmatched accounting services and thorough office support. We interpret your financial reports to determine strategies to improve your business profitability. We provide clear and accurate information, so you can better understand taxing structures and other aspects relating to business accounting.

Our accounting staff also recommends new programs and small business advice in Perth, maximising possible opportunities for your company’s growth. With our expertise, you can stay focused on the important areas of your trade.

Some of the ways in which we help our business clients are:• Performing a comprehensive

business diagnosis to determine the issues that require attention

• Development of a manageable plan for rectifiying the issues and management of growth

• Regular comprehensive reviews to measure progress.

We can then focus on more specific areas of your business:• Unlocking hidden cash within your business

• Profit drivers and inhibitors

• Process analysis and development

• Identification of waste

• Effective use of labour and human capital management

• Customer profitability analysis – not every client is worth keeping

• Budgeting and forecasting

• Development strategy to manage change.

We don’t work with a one-size- fits-all approach. We discuss possible options for your business to provide tailored solutions that suit your situation.

BUSINESS ADVICE

ACCOUNTING SERVICES

Managing your company’s funds requires a great deal of planning to make sure everything falls within your budget. This also calls for in-depth knowledge of accounting and tax planning, so you can maintain a proper financial plan for your business. This is where our professionals step in to help.

We offer a range of tailored solutions to suit your business needs. Our firm is home to a team of highly experienced accountants providing effective strategies, sound advice and professional support. We take away the stress of handling financial reports and tax planning, so you can stay focused on other important aspects of your business.

Providing Unmatched Service from ExpertsWe take a proactive approach when providing solutions.

We can assist you with:• Financial reporting

• Feasibility studies

• Due diligence on new business purchases

• Business sales

• Succession planning

• New business start ups

• Lease or purchase analysis – which is better for your business?

• Tax effective business structures – trusts and companies

• R and D Tax Incentive applications

• Achieving high-levels of customer satisfaction.

We always place great value in our clients’ interests. We understand each client’s situation is unique, which is why we take the time to discuss the most appropriate strategy for your needs. Whether you’re a start-up company or a medium- sized enterprise looking for ways to increase cash flow and focus on business growth, our professional accountants will be there to support you throughout the way. We make sure every strategy is implemented properly and promptly, providing the right financial data and recommendations for your goals.

OUR SERVICES ARE SCALABLE – AS YOUR BUSINESS GROWS, WE’LL IMPLEMENT THE APPROPRIATE CHANGES IN OUR STRATEGY

CORPORATE SECRETARIAL SERVICES

WE STRIVE TO PROVIDE OUR CLIENTS WITH PREMIUM ACCOUNTING AND TAX SERVICES FOCUSED ON WHAT IS IMPORTANT – SERVICE

Our Corporate Secretarial services provide a full range of corporate and statutory secretarial services for all types of organisations.

Our wide range of services ensures you receive the support and advice you need to achieve your goals.

How can we help you?Our experienced staff can provide expert advice and practical assistance to companies and their boards.

We will manage your regulatory and reporting obligations along with monitoring your compliance and secretarial responsibilities.

Our services include:• Company registrations

• Discretionary trusts

• Unit trusts

• Self-managed super funds

• Business name registration

• Incorporate association registrations

• Change of company name

• Conversion to sole director

• De-registration’s

• Change of registered office /business address

• Allotment or transfer of shares.

Self Managed Super Funds involve added responsibility and extensive skills in financial matters. This also requires a great deal of planning and research to manage super investments properly. When it comes to SMSF’s, we can provide the solutions you need.

We have a range of SMSF services under one roof.

Our comprehensive Self Managed Superannuation Fund (SMSF) Services include:• Facilitating the process to set up a new fund

• Processing transactions through the fund’s bank account/s

• Preparation of annual financial statements

• Preparation of annual member statements

• Preparation of trustee minutes as required

• Preparation and lodgement of the income tax and regulatory return

• Liaising with the auditor to arrange the audit of the annual financial statements

• Preparation and lodgement of Business Activity Statements or Instalment Activity Statements as required

• Arranging for pension payments to be made on a regular basis

• Preparation and lodgement of annual PAYG Payment Summary Statement and PAYG Payment Summaries for funds with pensions

• Facilitating actuarial certification where required

• Registration for GST or PAYG with the Australian Taxation Office as required

• Facilitating the process of winding up an existing fund.

SELF MANAGED SUPER FUNDS (SMSF)

We have considerable experiece in tax planning to minimise tax exposure and to provide practical solution for a variety of taxation issues. Through understanding your needs and with careful attention to detail we can tailor cost-effective solutions to meet your needs.

Tax AccountantsWe offer a range of solutions for personal and business accounting. We guide businesses and individuals through comprehensive tax planning with the expertise of our tax agents in Perth. We work closely with clients, providing tailored solutions and strategies that meet your specific situation and tax needs. You can say goodbye to the stress and worries of handling taxes and other accounting processes.

Guidance and Support from ProfessionalsOur firm is home to a team of experienced tax accountants. As registered tax agents, we manage all tax accounting requirements for businesses and individuals including:

• Tax returns for Individuals (Including Fly in Fly out), Sole traders, Companies, Trusts, Partnerships, and Superannuation funds

• Business and Installment Activity statements (BAS/IAS)

• Superannuation and SMSF

• Fringe Benefits Tax (FBT)

• Goods and Services Tax (GST)

• Capital Gains Tax (CGT)

• State Taxes

• Corporate Tax

• International Tax including Australians working or earning income overseas.

Tax PlanningWe help individuals and businesses maximise their tax position. We determine the best strategy for your situation. We also take the time to discuss Australian tax laws and explain how provisions apply to your situation.

Our SolutionsOur tax accountants take a more proactive approach when it comes to tax planning. By reviewing your tax position on a regular basis, your personal and business wealth can be maximised by utilising the latest and most effective tax saving strategies. These include:

• Forecasting and monitoring financial and tax position

• Establishing and reviewing legal entities and structures

• Tax minimisation strategies and exploiting opportunities

• Accessing potential entitlements including the Capital Gain Tax Small Business Concessions

• Accessing Research and Development (R&D) and other business related grants.

TAXATION

CASE STUDIES

David Femia M.Acc, B.Bus, FCPADirector

DAVID AND HIS TEAM OFFER A YOUNGER, SMARTER AND INNOVATIVE APPROACH TO BUSINESS MANAGEMENT

Thank you for taking a few moments to read some of our clients’ recent success stories.

Passionate, hands-on director David Femia, has been running Femia Accountants successfully since its inception in 2007.

The business has been built on a foundation of honesty, trust and fair pricing.

David Femia recognises his clients need for tangible results and real tax savings and so takes a very practical and results driven approach towards more successful results for each and every client, whether a large corporation or small family run business.

David and his hand-picked team of dedicated staff to offer a younger, smarter and more innovative approach to business management. An approach that is pro-active with open communication all year round, not just at tax-time.

PLUMBERSaved $25,000 Steve and Anna

Husband and wife team, Steve and Anna started their large family run plumbing business just 7 years ago and now turn over approximately $5 million per annum. Steve carries out the management and day to day running, while Anna takes a less hands on role, but is involved in the high level decision making.

Steve and Anna are the first to admit the financial side of the business was operating blindly with many decisions made on “gut feelings” rather than financial information.

The business grew quickly over the years and lacked essential financial support.

Steve and Anna engaged Femia Accountants in November 2011.

Working with David Femia the firm recommended the following activities:• Restructure of business to allow for

more flexibility

• A monthly management meeting – presentation of financials information and making decisions on this information. This includes budgeting for large jobs which required large capital outlay to purchase materials before the job is started

• Cash flow budgets – comparing actual vs projected budgets

• Strategic planning

• Access to accountant advice with same day returned phone calls and emails.

OUTCOMESThe company saves $25,000 in tax benefits per annum.

PLEASE NOTE: to protect the privacy of our clients, the names featured have been substituted.

a

CAFÉ$3,500 Refunded in GST Ron and Karine

Ron and Karine run a struggling Café in the northern suburbs. The GST payments each quarter were having a considerable effect on cash flow.

Ron and Karine engaged Femia Accountants in January 2012.

Ron and Karine were new to business and needed support on an ongoing basis. They contacted Femia Accountants as questions arose and were provided with the information they needed.

Working with David Femia the firm recommended the following activities:• Applied a different GST accounting

method specifically for Cafés

• Review of previous years accounts

• Provided advise on future sales and marketing techniques

• Advised on wages and employee entitlements

• Implemented an effective bookkeeping system

• Benchmarked business to competitors.

OUTCOMESThe company saves $300,000 in tax benefits per annum.

TRANSPORT COMPANYSaved $300,000 per annum Robert and Jacqui

Robert and Jacqui started their Transport Company in 2009. Quick and significant growth saw Robert and Jacqui struggling to manage the financials themselves and it was hard to find advice they could depend on to make the bigger decisions.

Robert and Jacqui were great at running the business but found the limited financial information they had confusing and difficult to understand.

Robert and Jacqui engaged Femia Accountants in November 2010.

Working with David Femia the firm recommended the following activities:

• Applied tax management strategies

• Put in place cash flow budgets. This allowed the business owners to know when they could afford to buy more equipment

• Highlighted and monitored problems with the business and assisted owners to correct

• Quarterly meetings to analyse and monitor business, as well as apply and plan strategic directions. This was also used as a time to explain the financial information presented.

• Management slowly began to use financial information to aid decision making and their business growth.

OUTCOMESSavings of an average of $500 per quarter on GST as reported on Business Activity Statements (BAS). An additional $1500 in GST refunded for the previous year.

START UP COMPANY$970,000 in government funding

A new technology company required some funding to get their projects to the next stage of development.

Funding was primarily sourced by the owner, however this source was beginning to become limited.

This start up engaged Femia Accountants in May 2008. The company has since grown into a multiple entity group and services various industries.

Working with David Femia the firm recommended the following activities:• Applied and received grant up to the

value of 976k

• Implementation of effective bookkeeping systems

• Creation of effective cashflow strategies and plans

• Implementation of asset protection strategies for the group and related entities.

OUTCOMESOver $970,000 in additional government funding received.

REAL ESTATE AGENCYSaves $13,000 per annum Phillip and Donny

Friends, Phillip and Donny purchase a Real Estate Agency in 2007. The business structure in place was not tax effective and put them at legal and financial risk.

Phillip and Donny engaged Femia Accountants in May 2012.

Working with David Femia the firm recommended the following activities:• Restructured the business to a

more tax effective structure with an emphasis on asset protection

• Quarterly meetings to analyse and monitor business, as well as apply and plan strategic directions

• Cash flow budgets and monitoring of actual vs budgeted cash flow.

OUTCOMESOver $13,000 tax savings in the first year and minimised legal and financial risk.

“FROM THE MOMENT WE MET DAVID WE FELT CONFIDENT THAT HE WOULD HELP OUR BUSINESS MOVE FORWARD.”

19 Riseley Street Ardross WA 6153PO Box 1820 Applecross WA 6953

t +61 8 9316 4500 f +61 8 9316 0533 e clientservices@femia-accountants.com.au

femia-accountants.com.au

Femia Accountants is a CPA practiceLiability limited by a scheme approved under Professional Standards LegislationABN 49 724 814 197