Anderson Vidray is a Newcastle firm of Chartered Accountants in NSW, Australia which started officially on 1 May 1990 following the resignation of Mr Phillip Anderson as a Partner in the national account firm of Ernst & Young. Our firm commenced with thirteen personnel specialising in the areas of tax, audit, accounting and business advisory services.
As our firm approaches its 20th year in business, we are proud to have positioned ourselves well in the accountancy and taxation market in Newcastle. We have earned a reputation as a hardworking firm of individuals, without the pomp and ceremony. We believe our charges are fair and reasonable, and we constantly survey the market to ensure our rates are competitive. Our open and constant communication with clients means that there are no surprises when you receive our invoices.
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Our firm offers a number of services including the following:
Business Structures
We provide ongoing advice in respect of our clients optimum tax structures. This includes advice on corporate structures, asset protection through the use of trusts and retirement planning through the use of superannuation funds. We also advise clients on the role of being a director, the obligations, responsibilities and fiduciary duties outlined in the Corporations Law.
Taxation
We advise clients on many matters relating to taxation. Each year we prepare and lodge income tax returns for individuals, trusts, partnerships, companies and superannuation funds. We also provide ongoing advice to our clients on capital gains tax (CGT), fringe benefits tax (FBT), the goods and services tax (GST) and the pay as you go (PAYG) rules. We aim to create tax strategies for our clients to legitimately minimise their taxes and meet their objectives.
Superannuation
We are specialists in the area of self managed superannuation funds (SMSF’s). We provide a comprehensive service over the entire life span of the SMSF from the initial setup through to the final pension phase. We oversee the regulatory requirements and ensure ongoing compliance with the applicable Government Agencies.
State Taxes
We also advise clients in relation to the three main state taxes being payroll tax, land tax and stamp duties.
Benchmarking & Analysis of Financial Services
As part of the quality control procedures of our firm, we analyse the financial statements of clients on an ongoing basis to identify areas of risk and concern. We also periodically benchmark our clients results against industry standards and advise clients for areas of improvement.
Corporate Compliance
We oversee and prepare many corporate compliance matters on behalf of our clients. This includes the annual preparation of the company statement, the declaration of solvency and where applicable, attending to change of directors and change of addresses. In most cases we also maintain our client’s share registry details.
Audit
An audit is an examination of the financial statements of a client. We provide an opinion on the balance sheet and profit and loss statement of the client and provide this opinion to the members of the client and in some cases government departments. We also oversee the audit of trust accounts for Real Estate Agents, Solicitors and Travel Agents.
Valuations
We carry out valuations for clients for various reasons including the purchase or sale of a business, business partner buyouts, employee buy-ins, determining the value of shares for stamp duty purposes, family law matters and for deceased estates.
Computer Consulting
We provide ongoing assistance and advice to clients on operating and maintaining their data file using software including MYOB and Quickbooks.
Estate Planning
We advise clients on matters pertaining to their ultimate estate including advice on capital gains tax, the transfer of assets to beneficiaries, and any superannuation related issues.
Insurances
On request we review the level of insurances held by clients including life insurances, sickness and accident insurance, trauma cover, keyman policies and income protection.
Workers Compensation
We review many client’s workers compensation policies and verify actual wages paid for declaration to insurance companies.
Finance Applications
We assist clients in the process of applying for finance, including providing financial statements and income tax returns to financiers. We also prepare projected cash flows and forecasts to assist financiers in their assessment of the client’s application for finance.