Our friendly team can assist in tailoring an accounting solution that fits your business needs. We can help you keep focussed on increasing revenue and profitability. Let us assist you in getting your processes right, by implementing the right software solutions as well as advising you on how to get the work done.
At Plexus Global Consultants, we will work with you to implement processes & procedures that will help you take control of your business. We can provide you with a monthly accounting service that includes financial accounts and reporting, as well as loan applications and documentation.
At Plexus Global Consultants, we consider ourselves your “in-house” accountant working remotely from our office!
Want to find out how Plexus Global Consultants can help you with your monthly reporting and accounting? Then contact us to arrange a no obligation consultation. The first appointment is on us!
Accounting & Taxation Services
Our core service lines offer you global methodologies and tools regardless of your size. We recognise the unique qualities of doing business in your industry are the key to your future. That’s why we offer a tailored service to meet your every need. Our services include:
Business & Personal Income Tax
Accounting Compliance & Management
Goods & Services Tax
Payroll Tax Consulting
Research & Development Concessions rebates
Fringe Benefits Tax
Self-Managed Superannuation Funds
Corporate Advisory & Secretarial Duties
We also provide a monthly reporting option to our clients that includes:
Preparation of monthly accounts
Preparation of monthly financial statements
Lodgement of Business Activity Statements (BAS) & Instalment Activity Statements (IAS)
Attend to correspondence with the ATO on your behalf
Want to find out how Plexus Global Consultants can help you with your accounting and taxation needs? Then contact us to arrange a no obligation consultation. The first appointment is on us!
Self Managed Superannuation Funds
Heading - Take control of your own retirement
For most people, Superannuation will eventually grow to become both their largest and most important asset.
Taking greater control by managing this yourself through a Self Managed Superannuation Fund (SMSF) will allow you to access many benefits. These include;
Pooling your money with up to four other members to invest in larger value assets. This may include your spouse and or business partners
Accessing investments not available in other Superannuation Funds such as direct property and or collectibles
Having greater control of the tax implications when making investment decisions by deciding on the timing of these events
SMSF’s can generate fee savings for higher balances when compared to non SMSF’s
Greater flexibility and access to a bigger range of insurance options for members
The ability to purchase an asset using borrowed money
Greater flexibility and control on the distribution of your assets upon your death
Whilst the benefits of having a SMSF are very enticing, they may not be suited to everyone. Some examples of when the benefits of establishing a SMSF are low include;
If you have an existing Super fund with a low balance
If your employer is unable to make contributions into a SMSF
If your existing Super fund holds insurance cover that you would be unable to get elsewhere
If you have little time, knowledge and or experience to make investment decisions
You will also need to be a trustee of your SMSF and with this comes trustee responsibilities. Most important of these is the responsibility to ensure that your Super fund is being operated correctly, complies with superannuation legislation and meets the ‘sole purpose test’. A SMSF trustee is not a task that can be taken lightly as the implications of making incorrect and or illegal decisions could be severe. Establishing and operating a SMSF can be a complex task and it would be advisable that you seek assistance in this area.
Plexus Global Alliance can provide advice and support for the following;
We will assess the viability of having a SMSF based on your particular circumstances
We will provide advice on the structure, investment strategy as well as the investment portfolio
We will ensure that your existing Super funds are not rolled over until all structures have been set up and replacement insurance cover is implemented
We will provide all ongoing advice and ensure that you meet your compliance and tax requirements
SMSF’s are a popular alternative to traditional Super funds and are experiencing huge growth. Plexus Wealth is at the forefront of this growth through the advice and the strategies we develop for SMSF
Want to find out how Plexus Global Consultants can help you with deciding whether a SMSF is right for you? Then contact us to arrange a no obligation consultation with one of our advisors from both Plexus Global Consultants and Plexus Wealth. The first appointment is on us!
Business Advisory Planning
Failing to plan is like planning to fail. Plexus Global Consultants takes the time to work with their clients in assisting them with planning the future of their business. Some of the areas of advice available to their clients are:
Cash Flows & Budgets
Buy / Sell Agreements
Plexus Global Consultants can tailor a package for you that will give you the tools you need to grow your business or wealth.
Want to find out how Plexus Global Consultants can provide you with consulting services that helps you take your business to another level? Then contact us to arrange a no obligation consultation. The first appointment is on us!
Plexus Global Consultants is part of the Plexus Global Alliance which includes an affiliate member Plexus Wealth. Ask your Principal today about an appointment with one of Plexus Wealth’s highly skilled advisors who can tailor financial advice to suit your individual needs. Some of the services available to Plexus Global Consultants clients are as follows:
Self Managed Superannuation Fund Advice & Strategies
Business Key Person Insurance
Buy / Sell Agreements
Want to find out how Plexus Global Consultants can help you get the best Financial Planning advice? Then contact us to arrange a no obligation consultation with one of our advisors from both Plexus Global Consultants and Plexus Wealth. The first appointment is on us!
Succession & Retirement Planning
Ensuring a comfortable retirement
For most people Retirement and the decisions on When and How are often made when it is too late. Given that we are retiring earlier and living longer, planning for retirement has become very important. A lot of people are misinformed on the amount they will need in retirement, including:
the legislation around superannuation
government entitlements available
when these entitlements can be accessed.
Equally common is the misconception that employer super contributions and or the government pension will be a sufficient substitute for lost employment income when a person or couple retires even though in most cases this will result in financial hardship.
It is therefore imperative that planning is done as soon as possible prior to retirement. You should seek advice and start planning your retirement in your late 40’s or early 50’s. When you have retired, the last thing you should be worrying about is your income.
You should be out enjoying life and planning your next holiday. A few hours of your time now can make a big difference to your retirement lifestyle. We can help you take a look at how well prepared you are for retirement and draw up an action plan. Planning ahead ensures all the work's been done now, so you can enjoy the benefits later!
Retirement planning starts by making some choices & accurately defining Your objectives. These include:
How long can you continue working at your current pace?
Will you slow down first before fully retiring or do you plan to simply cease working at a given date in time?
What type of lifestyle do you want to have in retirement and how much income will you need to achieve this?
Once these goals have been defined, we can quantify these through careful analysis and calculations to determine the likely hood of meeting these objectives. Should this analysis show that retirement goals cannot be achieved then strategies can be created and implemented to ensure a greater probability of reaching these targets.
Pre-Retirement planning can involve a whole variety of strategies to ensure that your investment grow in a tax effective manner, you redirect surplus income to ensure that non-deductible debt is cleared and your investments assets grow to a level that will allow you to generate a retirement income. Options may include:
Growing your wealth in a low tax environment such as Superannuation
Gearing into growth assets
Establishing an appropriate asset allocation and choosing the right investments
Taking advantage of ‘Transition to Retirement’ strategies
As you near retirement it is equally important that your financial affairs are then managed & new strategies are implemented to ensure that you maximise your retirement savings. These include:
The timing of the sale of investment assets to manage potential capital gains tax
The use tax effective income streams such as Non Commutable Allocated pensions, Allocated pensions and or Guaranteed Annuities
Structuring assets to maximize government entitlements such as the Age pension
Considering options to release equity from other assets such as your home
UK Pension Transfers
Plexus Global Alliance is experienced in providing and implementing both Pre Retirement and Retirement advice. We will help develop the appropriate strategies, implement these for you and then help manage these until we are comfortable that you will achieve your retirement goals.
Plexus Global Consultants can also assist you with the succession plan of your business to hand it over to the kids, one of your key personnel or just assist with the sale of your business. This needs careful planning and consideration and our staff are ready to guide you down the right path of succession.
Want to find out how Plexus Global Consultants can help you with your succession and retirement plans? Then contact us to arrange a no obligation consultation with one of our advisors. The first appointment is on us!
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.