Callaghans, Create the Future

New to Callaghans?

We have a new client team dedicated to ensuring that you make your first appointment with the perfect person for your situation.

Give us a call on (02) 6256 6000 to start your Callaghans experience.

Getting Started With Callaghans

Getting Started With Callaghans

What to expect at the start of your journey with Callaghans.

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Do I Need an Accountant or a Financial Planner?

You know you need financial advice but is it something that you would ask an accountant or a financial planner? Callaghans Partners Kylie and Mitesh give guidance on using the right service at the right time.

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Accounting & Compliance Pricing Guide

Please select the services relevant for you to build your own quote
One payment summary, Standard work-related deductions. No/limited calculations. (excluding MV logbook method)
Entry of dividends from more than six shareholdings of shares Per shareholding
Entry of income into interest, dividends, NPP income, Franked Dists, Foreign Distributions and Capital Gains sections Per managed fund
Calculation and summarisation of work related expenses receipts and statements from provided documents
Entry of work related depreciation schedule and items including using ATO years of effective use table to calculate depreciation rate - per item Per Item
Entry of superannuation deduction amount into your tax return including calculation of tax effective amount to claim and associated advice
Entry of MV schedule from client provided summarised records and receipts
Entry of rental property schedule Review of depreciation schedules for property and adjustment where required All income and expenses summarised by client Per rental property
Apportionment of deductible component of expenses based on annual offset and recording capitalised costs not available to claim for future use Per NRAS Property
Entry of Full Depreciation Schedule Report from BMT with both Division 40 and Division 43 assets
Entry of foreign rental property schedule including calculation and conversion of foreign amounts to AUD and application of Australian tax principals to property costs
Entry of capital gains schedule for sale of rental property including allocation of expenses between final rental schedule and capital gains worksheet, final adjustments including capital works and depreciation adjustments and ensuring all items are collated relevant to the sale
Entry of the sale of non property investments (shares and units) including adjustments to the cost base for capital actions and holding changes. Time based depending on complexity and corporate action adjustments required to cost base (minimum fee)
Entry of business schedule from client provided summarised records and receipts
Entry of business schedule from client provided summarised records and receipts - review of GST lodgements and reconciliation against total expenses - lodgement of revised June BAS for any correction
Amount straight from statement with single conversion to AUD
Amount such as foreign employment income calculated from payslips with foreign conversions based on payslip date or annual rate
Discussion as to acquisition of new property including discussion and summary of cash flows, depreciation, loan set up and long term capital gains consequences
Discussions in regards to general salary packaging, tax effective strategies, investments etc - 1 hour appointment or discussion/email
Discussion as to impact of salary package on net income and overall benefit of salary packaging vehicle in line with other salary packaging arrangements - 1 hour appointment
Discussion in regards to tax consequences of redundancy package including review of documentation provided and calculations completed by employer based on service time as employee - minimum fee. Final quote depends on complexity of needs.
Capital gains tax estimate for sale of investment property including calculations and estimated adjustments to capital works and depreciation for properties that have always been investment properties or were a main residence then became an investment property after 1997 Includes written summary by email as to capital gains and tax consequences and strategies to reduce gain where applicable Time based, final quote based on specific situation - minimum fee to right
Capital gains tax estimate for sale of investment property including calculations and estimated adjustments to capital works and depreciation based on assessable proportion of occupation Includes written summary by email as to capital gains and tax consequences and strategies to reduce gain where applicable Time based, final quote based on specific situation - minimum fee to right
Capital gains tax estimate for sale of investment properties including calculations and estimated adjustments to capital works and depreciation based on assessable proportion of occupation Also includes written summary by email for comparison on sale of various properties based on current MV and calculations as to capital gains and tax consequences and strategies to reduce gain where applicable Time based, final quote based on specific situation - minimum fee to right
Application for private ruling to the ATO on tax related matter such as foreign income or deductibility of item including all associated research and correspondence with the ATO case manager in relation to the Private Ruling up to and including initial ruling. Includes time discussing progression of client ruling with client and end result handed down by the ATO at the end of the process This fee does not guarantee a favourable result on the ruling which is at the ATO's discretion
Annual Company Return & Registered Office & Annual Agent
Bookkeeping - Per Hour (Phone, Zoom or Callaghans Office Appointments)
Lodgement only; client provides figures
Entry of base BAS Return - monthly, quarterly or annual
BAS Addition - PAYG (W)
IAS Monthly
Preparation and lodgement of FBT Return and associated declarations to satisfy ATO requirements - Registering for FBT with ATO and setup of templates and FBT documentation for new client - One vehicle on statutory rate method
Preparation and lodgement of FBT Return and associated declarations to satisfy ATO requirements - Registering for FBT with ATO and setup of templates and FBT documentation for new client - One vehicle on log book method
Includes company tax return No employees No GST registration No depreciating assets No HP/Loan
Includes partnership tax return No employees No GST registration No depreciating assets No HP/Loan
Includes SMSF annual tax return and assistance with audit Cash and TD investment only No GST registration No depreciating assets No loan SMSF Exit Meeting - 1 hour Various correspondence over the financial year
No employees No GST registration No depreciating assets No HP/Loan
Entry and lodgement of client quarterly BAS - Client summarised records electronically (excel or other software)
Includes trust tax return No employees No GST registration No depreciating assets No HP/Loan
New Incorporation of Company – incl ABN, GST, PAYG (W) & TFN including initial appointment to discuss setup requirements and best structure and follow up appointment for signing of documents.
New Trust (Discretionary i.e. Family) Formation - Corporate Trustee including initial appointment to discuss setup requirements and best structure and follow up appointment for signing of documents.
New Trust (Unit) Formation - Corporate Trustee including initial appointment to discuss setup requirements and best structure and follow up appointment for signing of documents.
Xero – Setup for own business (Tax & GST) including tailored instruction manuals for your business, setup of chart of accounts, payroll integration, training sessions to introduce Xero and follow up queries from setup and intial use.
SMSF Set Up - Corporate Trustee including initial appointment to discuss setup requirements and best structure and follow up appointment for signing of documents.
Business Valuations starting from (minimum fee). Final quote dependent on complexity of valuation.
Cash Flow Preparation from (minimum fee). Final quote depends on complexity of cash flow analysis.
Analysis of Key Performance Indicators for Business
Lease Advice for Business Equipment and Vehicles
Lease vs. Buy Analysis for Business Equipment and Vehicles
Buy/Sale of Business - Support & Advice (minimum). Final quote depends on complexity.
Monthly Performance Monitoring (+ Coaching/Consulting) including monthly meetings and review of cash flow cycles for business in line with business strategies
Business succession planning (minimum). Final quote depends on complexity
Organisational chart preparation and discussion
Discussion in regards to tax work and advice provided within scope of general queries in meeting with Partner 60 minutes
Correspondence in regards to tax work or queries to Partner. Per 15 minutes response time
Meeting - Per one hour discussing relevant considerations for industry relevant planning and budgeting in line with managing cash flows and growth.

Appointment FAQ

It can be difficult to work out who you are best to talk to on our team as we are experts in so many things!

Give us a call and talk to our New Client Team who will be able to direct you to the best person for your enquiry. In some circumstances it might be appropriate to have a joint appointment with the accounting and financial planning team.

1)     Talk to our lovely New Client Team – they will direct you to the right expert at Callaghans and answer any immediate questions you might have

2)     Before your appointment you will need to fill out our New Client Form and Terms of Engagement. 

Having this information beforehand gives us time to prepare for your appointment and provide better quality and more personalised advice during your appointment.

3)     On your appointment day – bring any documents that are relevant to your advice questions and your tax return if you are completing it with us.  Information as to what may be required can be found on our Resources page under Forms.

Don’t worry if you are still not sure what documents to bring.  We will go over your information in our appointment and highlight any missing items to follow up after our meeting.  We will also give advice as to how best to collate your documents going forwards to save you time and reduce our fees.

4)     The appointment – for new tax and advisory clients - appointments will usually run just over an hour. Advisory only appointments differ depending on the advice needed.

A junior accountant will generally sit in on the appointment to take notes.

For our new clients Callaghans’ focus is on getting to know you and what you would like to achieve in your interactions with us so that we can create a long-term partnership.  Accordingly, we only invoice for the time giving formal advice and tax strategy during the first appointment.

5)     Following your appointment Callaghans will advise of any further steps for your tax return or advisory work.  For details of our tax return preparation process see the resources page.

Callaghans invoice for advisory appointments at the conclusion of the appointment and for tax and advisory appointments when your tax returns are ready to sign. 

Not at all!  We love doing tax returns so always aim to be able to complete these for our clients as it helps us provide more comprehensive and personalised advice.  However, if you also enjoy the thrill of entering tax information, keeping up to date on legislation and talking to the ATO - we can just provide an advisory service based on our hourly rate for the interesting and more unusual concerns that come up in the process of completing your returns. 

Our ultimate goal is to make sure the Canberra community is more informed about financial matters and how the tax system works so we are keen to see you whenever the opportunity arises.

Of course.  We can always just do your return – however doing both returns allows us to review your financial and tax situation as a family and give more in-depth advice as well as to provide tax strategies for both of you and ensure correct inclusions in your returns.

As couples also need to include the other’s financial information in their tax returns it may also mean that we have to complete your tax work early - by 31 October each year – rather than by the extended tax agent deadline that we are allowed.  Completing both returns also just makes it so much easier for us to transfer information between returns.

We have spent the last year working hard to create a standardised pricing system for our accounting area to clarify what things add time (and costs) to the completion of your returns/advice and what you can do to minimise these costs and maximise your return.

Callaghans charges a base fee for individual tax returns of $275 per return and then increments add onto this depending on what is included in your return such as a rental property.  

For a more detailed quote and extended details on how we invoice for services please contact our New Client Team on (02) 6256 6000 to discuss your specific situation.