Schedule of Indicative Fees

The fee covers more basic scenarios, such as employees with work deductions, along with the following (just as examples):

-Basic dividends and ETFs / managed funds.

-"Basic" international investments.

- Australian ESS with no sales. 

-Crypto where a CSV file is provided for all wallets from inception to-date.

Items that may attract additional fees are items such as any forward planning, as this fee is applicable to just the historical taxes, more complex crypto, share trading ("trader"), along

A few basic depreciable items won't attract additional fees, but where there's more than a couple they're abnormal assets, it requires time to complete, the purchase price and date, a review of the tax ruling for the asset's effective life, a split between personal & work use etc.

This takes additional time to determine the deductibility of study costs (if they satisfy the legislative provisions), and if it is a government funded loan - whether it's tax deductible, splitting the costs between work, personal and studying for the internet, mobile phone, home office costs (electricity & gas), along with all other potential deductions.

 As above, this includes the logbook method only. This is because it includes additional time to calculate depreciate and include all underlying expenses. It often includes the interest on a finance schedule too. 

Travel costs do not ordinary attract additional charges, however, international trips are usually for a longer period which have a range of additional costs to thee usual domestic trip. The foreign costs need to be exchanged into AUD using the spot exchange rate, and any costs attributable to the non-work portion needs to be prorated and not claimed in line with a valid travel diary (say, a portion of the flight)

A few basic CGT entries won't attract additional fees, unless it's difficult or more timely to calculate. 

This will depend on how the information is provided, as a managed fund annual report won't attract additional fees, despite potentially having many sales. Conversely, half a dozen sales may where the parcels sold represent mixed purchases, or vice versa. Similarly, if there's historical corporate actions (I.e. demerger/merger, takeover), then it may attract additional fees as it can take time to wok through.

This is a more involved process that requires the review of the historical vested parcels & exchange into AUD, match to the parcels sold, exchange sales to  AUD, and then account for the gains attributable to both the asset and the movement in the currency exchange.

This is only charged where there is no review of a foreign tax return; there will never be a duplicate of the charges.  

The additional charge will depend on the level of foreign investments as they require more work and time as it involves tying up different tax years, reviewing the tax treaty (if one exists), investment reports in different formats with different terminology, allowing for the foreign taxes paid that satisfy as a credit in Australia etc.

As the foreign jurisdiction will operate on a different fiscal year, this requires the review of two returns and the exchange into AUD, account for the timing of the foreign tax credits, a review of the tax treaty for taxes eligible for a credit for Australian tax purposes, a review of the foreign income & deductions and their application in Australian tax law, as not all foreign income or deductions are necessarily assessable or deductible in Australia.

Basic residency scenarios won't attract fees. However, in most situations, our clients aren't entirely aware if they are or are not a tax resident, which is separate to citizenship. It often requires a detailed review of the four tax residency rules, a review of the relevant tax treaty (if applicable) for the Australian tax implications, along with basic liaison with the foreign tax advisor, or an outline of the likely considerations thereon.

A basic personal return with an existing rental property. New rental properties attract a slightly higher fee, as do international rental properties. I can provide a quote on enquiry.

This is to cover the additional time where you jointly hold an investment property with another client of ours.

New rental properties take a longer period of time as a result of reviewing all purchase costs and their relevant treatment, and the apportionment of expenditure between periods etc. 

Where you hold it jointly with another client of ours.

The costs for a foreign rental property is higher as result of the foreign jurisdiction having different financial years to Australia, a difference currency which leads to the exchange into AUD, accounting for any foreign taxes paid, which often requires a review of the foreign return and the tax treaty etc. 

Where you hold it jointly with another client of ours.

Airbnb properties usually require considerable time due to frequently not being available for the full year, which requires the apportionment of costs between the periods (including all asset's depreciation, new & existing), being furnished and the sheer volume of assets that get split between low value pools, instant claims, and deductible & non-deductible components, often having he on/off rental nature of them, along with many purchases for items like , cleaning, entertainment, furniture etc.

Where you hold it jointly with another client of ours.

This covers most businesses operating through a personal ABN, where it's the taxpayer's sole or main source of income. There are more rare occasions where the business is very involved and the fee would need to be increased. I'm happy to clarify on enquiry. 

This is a micro business that's in its growth or start-up phase and would include selling items on Shopify or the like, a business with somewhat limited transactions and involvement that is usually ran online outside of usual work hours.

This is usually a sole wage earning business.

This is for a business with more than a handful of employees, but due to the varying complexities, a quote can be provided on enquiry.

This is a small business with multiple employees and a higher volume of transactions.

This is the fee for a small investment trust or company, I can quote for a larger one.

This includes all accounting and tax for an SMSF, but it excludes the mandatory annual audit fee which is usually around $440. All work is performed onshore, both the accounting and the audit.  If the SMSF is a larger fund then I can provide a quote upon review.

This is for an investment vehicle that isn't 'small' and I'll need to quote as they come in all different shapes and sizes.

Due to the varying nature of estates, I can review the estate's position and provide a quote in advance.

Excel / Minimal reconciliations. This does include GST, PAYG Withholding and income tax instalments, but more of a smaller / micro level. 

The same service is provided as with the small business, but there's usually more transactions to reconcile, hence a larger fee.

A small business which usually has an online bookkeeping file - reconciliation of GST liability, PAYG withholding, review of other items such as super, wages and PAYG tax instalments and tax provisioning etc. 

This includes the monthly reporting of wages only, along with the submission of STP. It doesn't include any superannuation payments.

This includes a fee paid to our associated solicitors to establish the trust and create a new trust deed.

This includes the fee paid to our associate solicitor, along with a fee paid to ASIC to incorporate.

This is a little higher as a result of the additional company required.

This is a little higher as a result of the requirement for both a trust and a company.

This includes a fee paid to our associated solicitor to establish the fund's deed, along with other required documentation.

This is more complex and requires two companies, one trust, one SMSF (trust), and guidance throughout the entire timeline to ensure we adhere to the SIS Act.

There is no charge for this discussion as it's more of a meet & greet to ensure that we're in a position to assist you, that you're a good fit for our firm and similarly, that we're the right fit for you. 

The charge for existing clients is to cover the opportunity cost of being unable to service other clients. We receive a lot of requests for quick discussions due to having a large client base, but unfortunately, it's not always possible due to sheer time constraints. 

This is a half hour video meeting with Warren Smith. This also includes some initial research time based on the questions asked, along with some brief follow on emails tying off any loose ends. 

This is one hour with Warren Smith. This also includes some initial research time based on the questions asked, along with some brief follow on emails tying off any loose ends.

This is Warren's standard hourly rate for all ad hoc items.

This is for the review of an employee share scheme (ESS) or an employee share option plan booklet / offer and the tax implications thereon. Including the tax treatment for plans eligible for the start-up concessions.

This includes the review of the legislation relevant for all of the following, as there's many moving parts to ETPs and a variety of different sections of the tax legislation operating simultaneously. Relevant whether your payment is an ETP and if so, if it's eligible for a tax-free component, the calculation and application of both the whole-of-income and ETP caps, the potential concessional tax treatment thereon, the tax treatment of annual and/or long service leave, and finally, whetther you'

I can be as little or as involved as required, as no one business is the same as the other, the costs vary accordingly. 

This covers the annual cash flow forecasts of an existing property, whether it's your main residence and the future sale, along with the annual estimated tax benefit or tax to pay as a result of its annual rental profit or loss, all likely holding costs, along with the principal and interest repayment on the mortgage. This provides our clients with the peace of mind prior to committing,  particularly in reference to the future CGT implications and whether it's a net benefit or detriment. 

This covers the annual cash flow forecasts of a prospective property purchase, so the annual estimated tax benefit or tax to pay as a result of its annual rental profit or loss, all likely holding costs, along with the principal and interest repayment on the mortgage. This provides our clients with the peace of mind prior to purchase..

This is for the sale of an existing property and all estimated taxes payable upon sale, including the consideration of other strategies to save tax.

This is for properties that  were purchased after 1991 and you lived in the property prior to leasing it. This is because there's many costs that can be added to the cost base to heavily reduce the tax payable upon sale, however, it takes a considerable amount of additional time. 

This is our annual fee to be your agent with  ASIC, including using our office as your registered office to ensure it doesn't show on the public register. It also includes some basic updates to ASIC throughout the year, such as updating addresses, names, share changes that don't involve any CGT implications.

This is my standard hourly rate for all ad hoc items, although there are separate rates for meetings - both video and phone calls, see the appointment page.