Accounting and tax for business owners · Gold Coast, with Altiora Advisory
Your accountant and your adviser, finally on the same page.
Tax, structure and compliance decisions shape your wealth as much as any investment does. We work hand in hand with Altiora Advisory, a partner-led accounting firm on the Gold Coast, so the tax work and the financial plan are built from the same file.
Our view
How you pay yourself, when you contribute to super, how the trust distributes. Every tax decision is also a wealth decision, and it should be made with both sides of the picture in the room.
Sound familiar?
Running a business is rewarding. The paperwork is not.
Behind on lodgements
A BAS slipped, then a tax return, and now the ATO letters are arriving. The longer it sits, the harder it is to open the envelope.
Sales, but no cash
The business looks busy and profitable, yet the bank account never seems to reflect it.
Tax as a surprise every year
You find out what you owe after 30 June, when it is too late to do anything about it.
Hours lost to bookwork
Receipts in the glovebox, a spreadsheet nobody trusts, and a bookkeeper or accountant billing hours to produce basic reports.
Why it matters
Most families have an accountant who looks backwards and an adviser who looks forwards.
The accountant lodges last year. The adviser plans the next twenty. When they never talk, opportunities fall through the gap: the trust distribution nobody modelled, the contribution that should have been made before 30 June, the business structure that suited you ten years ago and doesn’t now.
You talk to us
Tell us what you need, whether it’s a tax return, a restructure or an ATO letter. We look at it alongside your wider financial position.
We brief Altiora
With your permission, we introduce you to Byron Raal and his team with a clear brief, so you don’t start from scratch explaining your situation.
One coordinated plan
Altiora handles the accounting and tax. We handle the advice. Both sides work from the same picture, so the decisions line up.
Services provided by Altiora Advisory
Four ways Altiora can help, coordinated with your plan.
Each of these services is delivered by Altiora Advisory. Our role is to understand the problem first, introduce you with a clear brief, and make sure the result fits your super, investment and retirement strategy.
Tax rescue
Overdue returns and ATO debt
Fell behind on BAS, tax returns or ATO obligations? It happens more than people admit, often after the wrong accountant or a stretch of trying to do it yourself.
Put your hand up. An obligation-free conversation to understand the problem, the options and the likely fees.
Get up to date. Overdue returns are prepared from whatever records exist, from a shoebox of receipts to a full accounting system.
Manage the ATO. As your registered tax agent, Altiora deals with the ATO, sets realistic deadlines and can request remission of penalties and interest where appropriate.
Stay current. Once it is solved, an up-to-date accounting routine helps make sure it doesn’t happen again.
Tax planning and strategy
Plan before 30 June, not after
Tax is often the most overlooked business expense. Planning works best when it starts early, with current numbers.
Start early. Profit and tax are forecast to year end, allowing for depreciation, interest and accrual adjustments.
Investigate options. The small business concessions and timing options that may apply to you are worked through and monitored during the year.
Advice report. You receive the year-end estimates and recommendations in writing, explained in a meeting so you can decide with confidence.
Coordinate. We line the tax plan up with your super contributions, trust distributions and investment decisions.
Virtual CFO
Senior financial insight, without a full-time CFO
High-level financial analysis and advice on a regular basis, for business owners who want to make decisions on numbers rather than gut feel.
Benchmarking. Your results are compared with industry benchmark data to find opportunities, then KPIs and a budget are set as the yardstick.
Business analytics. Shortly after each month end, results are reviewed against those KPIs in a clear management report.
Monthly meetings. A board-style meeting each month: review results, decide the next actions, then measure them the following month.
Bookkeeping automation
Cloud accounting that runs itself
Moving to cloud accounting should not be scary. Done well, it cuts weekly admin to minutes and gives you real-time profit and loss at the click of a button.
Assessment. Your business is assessed to choose the right accounting and receipt-capture technology.
Implementation. Data is migrated into the chosen platform, with support so the switch is painless.
Training. Simple, practical training so you and your team know exactly what to do each week.
Reporting. A concise monthly snapshot of how the business is performing, as close to real time as possible.
Where the two worlds meet
The tax decision and the wealth decision are usually the same decision.
How much to pay yourself, whether to distribute from the family trust, when to make a super contribution, whether the business is structured to sell one day. Each is a tax question and a wealth question at once.
When Altiora and Wealth Effect Group work from the same file, those decisions are made once, properly, with both sides of the picture in view. You stop being the messenger between two professionals who have never met.
- Business tax and compliance
- Personal tax returns
- Business structure, set-up and restructuring
- Family trusts and distribution planning
- Preparing a business for sale
- ATO reviews, audits and tax debt
- SMSF accounting
- Industry focus on civil construction and earthmoving and medical, dental and allied health practices
Our accounting partner
Altiora Advisory · Byron Raal
Altiora Advisory is a partner-led accounting, tax and business advisory firm based on the Gold Coast, working with business owners and families Australia-wide. Byron Raal leads the firm’s accounting, tax and advisory work and is the partner clients deal with directly.
Accounting and tax services are provided by Altiora Advisory, not by Wealth Effect Group. Wealth Effect Group provides financial advice. Visit Altiora Advisory
Structure Review
Trusts, companies, loans and nominations. All on one page.
A Structure Review maps who owns what, who controls it and where the tax and risk sit, then works with Altiora Advisory and our preferred legal provider on anything that needs fixing before 30/06/2027.
Questions we are asked
Accounting and tax FAQs.
Is Wealth Effect Group an accounting firm?
No. Wealth Effect Group provides financial advice. Accounting and tax services are provided by Altiora Advisory, which engages with you directly under its own terms and fees.
Why go through Wealth Effect Group instead of contacting Altiora directly?
You are welcome to contact Altiora directly. Coming through us means your accountant receives a clear brief from day one and your tax work is coordinated with your financial plan, so nothing falls between the two.
I’m years behind on my tax. Will I be in trouble?
The sooner you act, the more options you usually have. Altiora can bring overdue lodgements up to date and deal with the ATO on your behalf, including asking for penalties and interest to be reduced where appropriate. Outcomes are at the ATO’s discretion.
What does it cost?
Altiora quotes its fees directly, before you engage them. Our financial advice fees are separate and are always agreed with you in advance.
Does Wealth Effect Group receive anything for the referral?
Wealth Effect Group may receive a referral fee from Altiora Advisory. If so, it is disclosed to you before you engage them.
Tell us what you need
Start with us. We’ll find the right person.
Send us a few details. We’ll look at how it fits with your wider finances and, if accounting help is what you need, introduce you to the right person at Altiora with a clear brief.
Your details go to Wealth Effect Group first and are only shared with Altiora Advisory with your consent. Wealth Effect Group may receive a referral fee from Altiora Advisory, which would be disclosed to you before you engage them.
WE. Insights
Tax and structures insights.
Your next step
Put your hand up. We’ll take it from there.
Whether it’s an overdue return, a tax plan before 30 June or a business that needs better numbers, start with a conversation. We’ll make sure you land with the right person and that the answer fits your plan.
General advice only. This page does not take into account your objectives, financial situation or needs, so consider whether it is appropriate for you and read our Financial Services Guide before acting. Wealth Effect Group (CAR 424768) and Andre Dirckze (AR 395157) are Authorised Representatives of Boston Reed Pty Ltd, ABN 89 091 004 885, AFSL 225738. Accounting and tax services are provided by our referral partner Altiora Advisory, not by Wealth Effect Group; we may receive a referral fee. See our important information.