PT Partners offers a broad range of accounting solutions tailored to meet your needs. Regardless of your structure of business or affairs, we have the experience and expertise to assist you in fulfilling your accounting requirements.
We prepare your Financial Statements and Income Tax Returns in accordance with the Australian Accounting Standards Board and have experience in dealing with many different software packages including MYOB, Xero, Quickbooks, Banklink and Cashflow Manager. Alternatively, we can also produce your Financial Reports manually from your source documents and records, if that is your preferred method of account keeping.
During this process our team of professionals will review your financial data and offer advice and improvements designed to assist you in providing quality information that is always accurate, current and relevant. This allows us to pass the time and cost savings on to you!
The importance of up to date and accurate account bookkeeping should not be underestimated. The health and viability of your business is contained within the financial data of your accounts, and it is this information that assists you in making smart management decisions regarding the direction of your business.
For this reason PT Partners have experienced bookkeepers available who can help with the set-up of your accounting software, provide onsite training, or simply assist you in streamlining the internal processes of your business, to ensure that you are getting the best from your accounting products.
Additionally, we can advise what accounting package is right for your business and recommend when it is time for an upgrade, as your business requirements grow or change.
Our bookkeepers will work with you to make sure that your accounts are always accurate and up to date and are available to provide support when necessary, or on a regular periodic basis, as requested by you.
So if you find yourself time-poor, inexperienced or perhaps just a little overwhelmed, then allow PT Partners to lend a hand.
SELF-MANAGED SUPERANNUATION FUND (SMSF) SERVICE
A Self-Managed Superannuation Fund (SMSF), or Do-It-Yourself (DIY) Superannuation Fund provides a long-term savings facility that primarily provides income for retirement. Today there are a growing number of people deciding to manage their superannuation, as this is a way of gaining greater control and flexibility over their financial situation.
Our Self-Managed Superannuation Fund Service can provide the following:
Establishment of SMSF (via PT Wealth Solutions)
Accounting & Administration of SMSF
Insurance for Members (via PT Wealth Solutions)
Investment Advice (via PT Wealth Solutions)
Strategic Planning Advice
Pension Planning, including accumulation to pension phase
PT Partners offers a complete SMSF service which includes the Audit of the Fund. The Audit is conducted in accordance with the Superannuation Industry (Supervision) Act 1993 (SIS) with the objective of expressing an opinion on the accounts and financial report and on compliance with the SIS Act and Regulations thereto.
All your SMSF needs are catered for in one place!
ASSET PROTECTION, BUSINESS SUCCESSION & ESTATE PLANNING
In this fast, changing environment you need to appoint specialists who are trustworthy and appropriately qualified to competently advise you on your finances. PT Partners can be your guide in achieving financial security and well-being for yourself, your family and your business.
Our in-house Wealth Advisors can create a Wealth Creation and Protection Plan for you, based on your current investments, insurance, finance, taxation, assets, liabilities and risk profiling.
Your family or business security is of the utmost importance: unexpected threats and events can emerge and put your finances and all you have worked for, in jeopardy. Simple and effective, yet economical insurance strategies do exist. These solutions may cover life, trauma and income protection insurances and include protection on business-succession issues.
Our Wealth Advisors can formulate a plan precisely tailored to what you need. In a nutshell, this means money when you need it most. Not just in retirement, but when unexpected circumstances arise.
Business owners’ hard-earned success now needs to flow onto their personal and family security. These financial gains should be protected via a strategically designed Risk Management Plan. Your nest egg will be encouraged to grow, through a broad range of carefully researched investments and financial strategies.
Our expertise in these areas helps you achieve tax-effectiveness, control, simplicity and flexibility of your investments and asset protection.
The various services that we can provide are as follows:
Risk Management – Personal and Business Insurance
Estate Planning – Wills, Enduring Powers of Attorney, Guardianship
Retirement Planning – Putting you in a “position of choice”
Business Succession Planning
Debt Management – Structure, Control and Management
END TO END FRANCHISE SOLUTION
This service is targeted at businesses wishing to franchise their existing business.
Louie Torre, Partner of PT Partners, has over the years developed a specialisation in advising on the establishment and operation of franchises, from the perspective of the Franchisor.
The network of contacts and experience gained over the years has resulted in PT Partners now being able to offer a truly “End to End” Franchise Solution for start-up franchisors, from concept to opening and all that lay in between. We will be able to attend to and/or arrange the following services:
IT Requirements (POS, Stock Control, CRM , Cloud Solutions, Web Design etc.)
Marketing Advice and Sales Training
Franchisee Recruitment Services
Creation of Procedures Manual and Systems
General Insurance Requirements
Ongoing Business Advice and Results Monitoring Service (KPIs & Benchmarking)
Human Resources Advice and Procedures
Our value proposition is that we will be there with you for the entire journey and actively assist and provide guidance in your dealings with the various service providers in our network. We see ourselves as “demystifying” the process and will work with you to ensure the project stays on track and has the best possible chance of success.
The businesses we have selected to join our network follow our “client care” ethos in that the interest of the client comes first at all times. We have dealt with these businesses for many years and they have demonstrated this via their actions and dealings with us and our clients.
So if you are considering franchising your business or just not sure if franchising is right for your business, please do not hesitate to contact Louie Torre on (02) 9891 1544 for an obligation-free chat about your concept or drop him a line at email@example.com
ACQUISITION & SALE OF BUSINESSES
We can organise a valuation of your business to determine its current market value, as well as an expectation of its future value.
Business Purchase and Sale Advice
Whether you are looking to buy or sell, PT Partners can provide you with independent and realistic valuations, advice and assistance with negotiations and steps to follow to maximise your outcomes.
Due Diligence Investigations
An independent review of a business’ financial and non-financial systems, risks and opportunities, is imperative for any potential sale, acquisition, merger or joint venture.
COMPLIANCE AND TAXATION
PT Partners offers depth and breadth of professional experience across a wide range of taxation areas. We provide quality advice through a deep understanding of industry challenges and by tailoring our knowledge, ideas and strategies to address our clients’ specific needs.
We cater for clients of all shapes and sizes ranging from high net-worth individuals to small to medium sized businesses with $20,000,000 plus turnover. We provide the full gambit of taxation and compliance services for your every need, regardless of your structure of business and affairs. We also have a Superannuation Division which specialises in all taxation, compliance and audit matters relating to Superannuation Funds.
We continuously review taxation legislation, case law, ATO rulings and interpretations and apply to our clients' circumstances when relevant, to ensure accurate and compliant financial reporting.
PT Partners compliance and taxation services for Individuals, Partnerships, Trusts, Companies and Superannuation Funds include:
Preparation of Income Tax Returns
Capital Gains Tax (CGT)
Fringe Benefits Tax
Goods and Services Tax (GST)
Business Activity Statements (BAS)
PAYG Withholding Tax (PAYGW)
Taxation Advice on Complex Matters - We are able to assist with higher level Tax Advice on complex matters and transactions. Via our strong associations with several prominent legal firms in Sydney, we can also arrange for any applicable legal work to be performed with regard to such matters.
The Corporate Secretarial function is an essential task in all entities, large and small. It embraces extensive reporting, disclosure and compliance obligations. Compliance mistakes and omissions expose organisations to substantial penalties. They are a significant business risk. Of course, providing all the necessary Corporate Secretarial functions internally can be time consuming and therefore costly, as well as diverting management resources from more commercially valuable activities. PT Partners Corporate Secretarial Services can assist you to meet these challenges.
We can provide Registered Offices for the delivery of mail and the service of documents.
Our electronic corporate register system can store all your Company data to facilitate accurate and timely lodgement of statutory returns, all changes to Company details and safeguards essential records and registers. We can also keep the minutes of directors’ meetings and prepare other relevant documentation.
We can create and register Companies, Trusts and Superannuation Funds (via PT Wealth Solutions) and prepare the necessary statutory registers. A Company can be registered and all documentation prepared within 24 hours.
We can assist you to simplify the deregistration of dormant Companies.
Business Name Registrations
We can prepare all the documentation to register a business name in any Australian state or territory.
We can prepare the paperwork and lodge electronically, Tax File Number, Australian Business Number, Goods and Services Tax and Pay As You Go Withholding registrations.
AUDIT OF TRUST ACCOUNTS
PT Partners can cater for the Audit of your Trust Account and specialises in the Audit of Solicitors and Real Estate Agent Trust Accounts. We ensure that the Audit is conducted according to the Standards mandated by the applicable Industry Association and relevant regulatory guidelines.
BUSINESS ADVISORY SERVICES
BUSINESS IMPROVEMENT DIVISION
The PT Partners Business Improvement Division is designed to make sure your team stays focused on the big picture, whilst employing the necessary controls to manage ongoing business performance. Strategic intent about future business objectives must be matched by a clear awareness of the business’ capability platform.
Taking control of financial information is an exciting process, but the rewards come from harnessing the knowledge and the financial insight that the information provides. With a plan in place and accurate information coming your way, your business can easily cope with the unexpected and act quickly to minimise any negative effects, while maximising the possible benefits.
PT Partners ensures that the correct financial monitoring systems are accurately in place and meaningful management of information becomes an integral part of your business. In this initial analysis of a Company’s financial position, we identify underlying problems and issues and look for potential improvements.
A thorough review of your business’ financial results can turn normal balance sheet and profit and loss data into meaningful financial management information. The review allows businesses to look at management performance, positive or adverse trends, funding decisions, the actual cash generated and other meaningful financial data, including marginal cashflow and working capital investment.
Performance in terms of profitability, balance sheet and cash flow management are analysed and then checked against industry standards, as well as management objectives. A simple system is used to easily determine whether the business is under or over performing and then if necessary, recommendations for improvements are provided.
We also provide a monthly or quarterly service where the “financial health” of your business is reviewed by comparing current performance to previous performances, as well as assess industry or established benchmarks. Using this report business owners and managers can then easily determine what improvements are required.
The team at PT Partners will work with you and your business to develop a package specifically tailored to you and provide the advice that you need and not glossy pages of reports that look pretty but achieve little. Our Business Improvement Division is focused on providing accountability for business owners and instigating, implementing and monitoring real change in your business.
PT PARTNERS BUSINESS ACADEMY
The PT Partners Business Academy has been specifically developed to provide business clients with practical information, useable tools, processes and techniques, all designed to help make their businesses more successful.Some of the key benefits include:
For business owners who have been in business for a number of years, it provides an enhancement of some of their business skills already developed, as well as some new ones needed to make a tangible difference to their existing business.
For business owners who are relatively new to running a business, it provides a fast-tracking of business knowledge and skills.
It gives you a clear direction of what strategies and actions are needed in your business and how to go about achieving more.
It addresses the common issues that most, if not all small business owners are faced with these days, namely:
Small business owners generally have sound technical knowledge, but lack management or leadership training.
They have no practical tools to work on the business.
They are too time-poor to sit through conventional business courses.
They lack support in dealing with business issues.
The program consists of a series of 8 modules covering the key areas required in developing a successful business, with each module workshop lasting approximately 2 ½ hours. Each program is presented in our boardroom at Harris Park and is limited to small groups of 4-5 people in order to provide a close tutoring of the group, in an atmosphere of support, with like-minded business owners.
In addition to the practical workshops, you will receive detailed notes full of easy to read information, tools and tips, which will provide you with a great business reference source for many years to come. In addition, there is a separate workbook in which you will work on all of the various exercises we go through, so that the information developed on your business can be easily seen and not buried in pages and pages of notes.
As an added bonus, following the conclusion of the program we offer participants a 2 hour one on one session with our Business Improvement Specialist, to work with you in developing a business plan incorporating all the things you have learned from the program that will set the direction for your business in years to come.
PT Wealth Solutions Pty Ltd offers a true 'fee for service' model to our clients. Our qualified financial advisors will apply our trusted financial planning process to your circumstances, both now and into the future.
Our mission is to help our clients assess the wide variety of financial options available to them in order to put our clients in control of their financial future.
PT Wealth Solutions Pty Ltd is a corporate authorised representative of PATRON Financial Advice (AFSL 307 379). Tony Rimac is the manager of PT Wealth Solutions and is also an authorised representative of PATRON.
Through our advice based (rather than product based) financial planning process, our advisors will help you:
Reach your lifestyle goals and objectives
Build and protect your wealth
Achieve your ideal retirement
Manage your cashflow effectively
Boost your savings and consolidate your debts
Integrate your business with your financial goals
Deal with the financial impacts of change.
STRATEGIC FINANCIAL PLANNING
Via completing the PT Process, we gain an understanding of your financial and life goals and we then develop and implement a strategy for achieving them. A PT Wealth Solutions advisor can help you with the following:
Mortgage reduction strategies
Investments, including managed funds, listed securities etc
Asset ownership structures, including Self-Managed Superannuation Funds
Debt gearing, including margin lending
Life and income insurance
PT Wealth Solutions can develop an investment plan to ensure your money works hard at achieving the best results for you.
When developing your investment plan we will:
Identify your attitude to risk
Match a recommended investment portfolio to your risk profile
Implement your chosen investment portfolio
Regularly review your investment portfolio's performance
Re-balance your investment portfolio when your circumstances change
Use Dollar Cost Averaging where appropriate
RISK MANAGEMENT (PERSONAL & BUSINESS INSURANCE)
PT Wealth Solutions can help you understand your risk and implement strategies to reduce your exposure, so you can have peace of mind.
Identify and measure your risks
Review existing insurance policies to ensure they are meeting your needs
Recommend and implement an appropriate insurance strategy
Monitor and review your insurance strategy on an ongoing basis
We will help you work out what are your most appropriate types of protection and who are the best providers of these products. We will help you obtain the right types and amounts of cover that you need for your situation.
LOANS & LEASING
PT Wealth Solutions can help you find the right loan at the best rate available, due to our extensive list of contacts within the financial services industry. We can assist with:
Commercial and business loans
Motor vehicle and equipment finance
SMSF instalment warrant borrowings
At PT Wealth Solutions we adopt a hands on approach, working directly with the broker/financial institutions to ensure that the client receives the most appropriate product, at the best rate possible.
SELF-MANAGED SUPERANNUATION FUNDS (SMSF)
If you are in business, a high income earner or you are nearing retirement and have more than $200,000 to invest, then a SMSF is something that you should consider. Many of our clients have found that running their own SMSF has added tremendous value to their retirement strategies. As there are a number of advantages in running your own SMSF such as control, lower costs and tax benefits.
At PT Wealth Solutions we adopt a team approach when it comes to SMSF with our advisors and accountants working together to ensure that your strategy is appropriate for your objectives and that your SMSF is set up, administered and managed correctly.
PT Wealth Solutions can help you put your affairs in order. We will:
Identify your estate goals
Identify your preferred executors
Clarify likely estate taxes
Review your will and powers of attorney
Liaise with your solicitors in the drafting of your will and powers of attorney
To find out how PT Wealth Solutions can help you, please contact Tony Rimac on (02) 9891 1544 or firstname.lastname@example.org for a confidential no-obligation chat.
This article is not a substitute for independent professional advice. We do not warrant the accuracy, completeness or adequacy of the information or material in this article. All information is subject to change without notice. We and each party providing material displayed in this article disclaim liability to all persons or organisations in relation to any action(s) taken on the basis of currency or accuracy of the information or material, or any loss or damage suffered in connection with that information or material. You should make your own enquiries before entering into any transaction on the basis of the information or material in this article. Please ensure you contact us to discuss your particular circumstances and how the information provided applies to your situation.