GM Taxation & Accounting: accountants in Albany WA
GM Taxation & Accounting is an accounting and taxation practice at 133A Lockyer Avenue, Albany. We have been working here for more than 19 years. The practice is owned by Tae Wood and Steele Harken, and the work is done for Albany’s families as well as the service, retail, manufacturing and farming businesses of the district. If you are looking for accountants in Albany, the office is centrally located with ample parking, and the number is (08) 9842 9677.
Dealing directly with a principal
Clients here deal directly with a principal, and that principal is easily accessible. Your details and your lodgement are personally handled by one of the owners rather than passed down a chain, and we offer personalised service so that the same person works with you in all your dealings. We put the emphasis on timely preparation of accounting work, on responding to queries, and on being approachable and available. The commitments we set out are to deliver ethics, competence and integrity in all our dealings, to keep current with the accounting and taxation laws that bear on the work, and to exercise reasonable care in an objective and accurate manner when collecting, developing and processing business documentation. The first consultation is free and without obligation, and quotes carry no obligation either.
The accounting and taxation work we do
Our work covers business accounting, individual tax returns, taxation preparation and BAS preparation, business budgeting, cashflow forecasting, self-managed superannuation fund accounting, business start-up advice, business purchase review and business sale review, finance applications and negative gearing. Tax planning is a substantial part of it. Our position is that the biggest mistake people make is leaving tax until the end of the financial year, because decisions made throughout the year affect the amount that will be owed. Earning an income, investing on the stock market, making purchases, owning real estate and transferring ownership of property all carry tax consequences, and each of them is better thought about before June than after it. On the business side, we have worked with many small businesses across the Great Southern on their business planning.
Borrowing, risk and superannuation
Three of the areas we are asked about most often sit slightly outside the annual return, so they are worth setting out on their own.
Borrowing is the first. We do more than fill in a finance application, and our own line on it is that the loans we take can be some of the most important decisions we make in life, which is a reason to plan the borrowing rather than only the paperwork.
Risk is the second. How do you manage risk? We think it matters to have a strategy, and a good understanding both of the risks you are exposed to and of the relative merits of the steps you have already taken to reduce them.
Superannuation is the third. Self-managed superannuation funds are a popular choice for a growing number of our clients, and we do more here than the annual fund accounting: we can help set you on the path to having a self-managed super fund of your own.
Referrals, resources and the local network
We keep a network of other professionals across banking, law, financial planning, real estate and insurance, so a question that sits outside accounting can still be pointed somewhere useful. Our website carries a resources page with direct links to the Australian Taxation Office, the ATO business portal, current tax rates, tax rulings and tax legislation, the Australian Business Register’s ABN lookup, ASIC’s company and business name search, the ASX and Centrelink. A newsletter is in preparation and you can ask to be added to the email list for it.
Contacting the practice
The office is at 133A Lockyer Avenue, Albany WA 6330, and post goes to PO Box 1793, Albany WA 6331. The office number is (08) 9842 9677 and general email reaches us at [email protected]. Our contact page also carries direct email addresses and mobile numbers for Tae, Steele, David, Erika, Keeley, Ben and Eloise, so you can go straight to the person handling your file. We believe strongly in contributing to our local community, and it is that community’s support that has kept the practice growing. New clients are always welcome, and the first consultation costs nothing. Ring the office on (08) 9842 9677 to arrange a time.