Areas of Practice

Taxation

Tax Compliance

Using its knowledge and experience, HMS Advisors assists its clients effectively meet their tax compliance obligations.  Services include:

  • The review or preparation of returns and other lodgements for a range of taxes including income tax, GST, FBT, payroll tax and land tax,

  • Preparation of ruling requests,

  • Processing notices issued by Revenue Authorities,

  • Preparation of objections and appeals,

  • Dealing with enquiries made by Revenue Authorities, and

  • Advice on process improvement to effectively manage risk and reduce compliance costs.

Tax Planning

HMS Advisors provides expert advice on matters including:

  • Income Tax planning,

  • Business and Investment Structures,

  • Capital Gains Tax issues,

  • Superannuation Strategies,

  • Goods and Services Tax,

  • Fringe Benefits Tax,

  • State taxes such as Payroll Tax and Land Tax, and

  • Management of tax audits and resolution of tax disputes,

We combine technical and practical expertise to

  • Identify and leverage new tax opportunities arising from legislative change,

  • Ensure existing tax practices and processes optimise a client’s overall tax burden,

  • Proactively manage tax risks, and

  • Develop tax strategies that support a client’s wealth and growth agenda.

Business Advisory Services

We assist our business clients create wealth and security for the future by advising and working with them at all stages of their business life.

New Ventures and New Clients

  • Advice on the most appropriate structure to adopt for new ventures or review of existing structures for new clients to determine if they are still relevant.

  • Guidance on and assistance with appropriate accounting systems, setting financial objectives and establishing processes for budgeting and statutory reporting.

  • Review of existing planning strategies for new clients or identification of personal and business goals and practical strategies for key issues for new ventures.

Established Businesses

  • Development of accounting systems and controls and management information reporting systems to reflect the growth in the business.

  • Reviewing and identifying suitable sources of finance and assistance with applications for finance.

  • Assistance with identifying key performance indicators and forecasting and monitoring business performance.

  • Facilitation of ongoing process of business and strategic planning.

Planning for Succession and Retirement

  • Development of effective succession or sale strategies.

  • Retirement planning for business owners and high net worth individuals generally including working with their financial planner/investment advisor to establish the most appropriate structure for retirement benefits and investment.

Self Managed Super Funds

Advisory and Management

We offer a comprehensive package of administration services for self managed superannuation funds which compliment the advisory services provided by the practice in the area of superannuation. These include:

  • Attending to establishment of fund and maintaining suitable trust deed,

  • Investment portfolio tracking using Praemium and Class software, and

  • Preparation of financial accounts, member statements and regulatory returns.