Products / Services #3371571

Setting up a business overseas and more specifically in emerging Asian countries have been liberalised over the years, however it demands professional expertise and systematic approach right from the formation of entities and its structures, approvals if required, legal compliances and registration with various authorities. Sydney Tax and Accounting Solutions, on the basis of "Turnkey" methodology provides services ranging from overseas ventures and or business setup solutions, assisting in getting all technical approvals, legal compliance's, registrations with the concerned authorities etc. in shortest possible time. Our experienced team is dedicated and focused in identifying opportunities to boost and enhance optimally the benefits and profits from the investments to be made. Our overseas ventures and strategy team offer services ranging from: Identifying the best possible venture and strategy options keeping in mind the amount, time-period, and risk involved in the same; Appraising risk-return profile of the proposed overseas ventures; Providing a comprehensive and structured information on all the viable and sustainable options; Tackling country specific procedural compliance's, intricacies and solutions thereof; Supervise the entire process from beginning to the end.

We offer professional assistance to help and guide you to streamline your payroll functions and employee benefits plan to mitigate employee cost to the organization and exploring opportunities to improve financial reporting and compliance issues related to work cover and its legislation.Our payroll management team offers a simplified and need based payroll service, keeping the individual clients requirements, in view.We, not only use specialist payroll software to deliver high quality service in a time bound and consistent manner but also sensitive to the confidential nature of information being processed.

One of the key elements for smoothly managing and or running a business is to have a positive working capital to ensure that business is able to continue its operations and that it has sufficient funds to satisfy both maturing short-term debt and upcoming operational expenses.The management of working capital involves managing inventories, accounts receivable and payable, and cash. Our professional team helps in constructing a comprehensive financial model, which maps trends in recent historical performance and provide assistance in managing the working capital management is to ensure that the entity is able to continue its operations and that it has sufficient cash flow to satisfy both maturing short-term debt and upcoming operational expenses.

One of the key elements for success of any business is dependent on the proper identification of cost of holding and managing inventory and providing evidence concerning reduction and elimination of problem areas for achieving continual improvement in business.Our professional team is focussed in identifying opportunities to boost and enhance optimally the benefits of holding need based inventory and provides.

Keeping the increased focus on risk by the Taxation Office and ongoing compliance risk faced by the businesses, we are of the opinion that building a sustainable tax strategy that recognizes the potential of business has become a challenging task. Our Tax Advisory team is focused and responds to the above said challenges and identify opportunities to mitigate the impact of tax exposures by ethical and legitimate tax planning. Our team has expertise to offer technical and practical excellence to help you understand and minimize the impact of tax on business.

Keeping, the increased focus on risk by the Australian Taxation Office and ongoing compliance risk faced by the businesses, in view and recovery actions taken if they do not get them right, we are of the opinion that building a sustainable tax strategy that recognises the potential of business has become a challenging task. Our team has expertise to offer technical and practical excellence to help you understand the practical issues relating to Income Tax and GST compliances, responsibilities of a tax registered entity, key concepts and common GST errors, International services, reimbursement vs. disbursements and Fringe Benefit tax and to help you understand on ethical tax planning issues to avoid costly mistakes and minimise the impact of tax on businesses.

Business Risks can be in any form and shapes and mainly come from uncertainty in financial markets, project failures, legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attacks from an adversary.The strategies to manage risk include avoiding the risk, reducing the negative effect of the risk, and accepting some or all of the consequences of a particular risk.Our team explores the opportunities for identifying and assessing the risks and prioritising them followed by coordinated and economical application of resources to minimize, monitor, and control the probability andor impact of unfortunate events and or to maximize the realization of opportunities.

In order to assess the effectiveness of internal controls over financial reporting and to assess how successfully processes have been implemented and for judging the effectiveness of achieving any defined target levels as well, internal audits are one of the important tool to make this assessment. Internal auditing and other assurance services provide value to governing bodies and senior management as an objective source of independent advice. Our professional audit team assist in collecting evidence concerning reduction and elimination of problem areas for achieving continual improvement of the businesses.

Our Business Advisory team is highly experienced in identifying and understanding the dynamics of an enterprise. Our strategy involves undertaking detailed analysis of business performance, financial measures, balance sheet structure and strategic direction. Our professional team helps in constructing a comprehensive financial model, which maps trends in recent historical performance and project budgets, balance sheets, financial statements and valuation forecasts for the future.

Internal auditing and other assurance services provide value to governing bodies and senior management as an objective source of independent advice.The scope of internal auditing within an organization is broad and may cover areas such as:* Efficacy of operations, * Reliability of financial reporting, Deterring and investigating fraud, * Safeguarding assets, and* Compliance with laws and regulations.

Tax planning is an important aspect for businesses because the financial impact of reduced taxation through good planning will go directly to the bottom line. A good and sound understanding of tax planning and distinguishing between tax avoidance and legitimate tax planning is crucial in shaping businesses tax strategies to avoid costly tax mistakes.Our team has expertise to offer technical and practical excellence to help you understand on ethical tax planning issues to avoid costly mistakes and minimise the impact of tax on businesses.