General Questions
The section contains answers to general questions related to Financial Advice.
The first meeting may take a maximum of two hours. The meeting is mainly for addressing the goals and objectives of your business, besides assessing your current financial position and personal situation. It helps us know your requirements better. Bringing your financial documents or copies with you for the meeting would speed up the process.
In the first appointment, we would assess your financial requirements, goals and find out how we can help you to achieve those. So we ask you to bring as many documents as you can that include tax returns, loan and bank statements and documents related to insurance and budget.
The first meeting is absolutely free. If you decide to proceed, we would offer you an Initial Statement of Advice and an annual invoice. These will include all advice, implementation, appointments, phone calls and any other requirements for the first 12 months.
The costs differ from business to business, and are decided on the basis of the amount of work involved. We will also provide you with a written quote before we start working for you.
After the initial appointment, if you express interest in our work, we will send you a client agreement. You must carefully read the agreement, sign and return it. You may take two or three weeks to take a decision. Once we receive the signed agreement, we will start working for you.
Upon making your appointment, we will reserve an on-site parking space for you. You just need to ring us as you approach the building so that we can let you in.
We offer professional accounting and bookkeeping services for your businesses. Specialists in corporate accounting, we apply the latest technology to provide the most effective accounting services for our clients, which in turn, help them cut costs and improve performance.The bookkeeping services we provide ensure accurate and meaningful data, timely information, and continuity in operations as well as cost effectiveness in service.
Accounting & Bookkeeping
Following are the major duties of accountants:
- Preparing tax returns
- Ensuring that the financial operations of the company comply with the laws of the state
- Recommend ways to decrease expense and increase income.
- Update the company authorities about the financial situation of the company.
- Offer financial advice to clients.
- Cut down operational costs of your business as you do not need to hire accountants and bookkeepers of your own.
- You can reduce your infrastructural requirements as you need fewer staff.
- By entrusting accounting and bookkeeping services with us, you may concentrate better on developing your business with increased productivity and efficiency.
- You have easy access to skilled resources at an affordable cost.
We have a team of skilled and experienced accountants, chartered accountants and financial experts. They are also good at using the most advanced software for accomplishing efficiency and accuracy in services.
We give the highest priority to the confidentiality of your data and take special measures to protect it. Our employees need to sign confidentiality agreements and non-disclosure agreements and thus, the complete safety of the client data is ensured.
Entrusting your bookkeeping tasks with qualified professionals will allow you to focus on your core business activities better. Most of the small and medium business owners will rarely have the time, knowledge and ability to perform the bookkeeping functions effectively. By outsourcing these services, you may save a lot of time, money and energy.
Though accountants are able to do bookkeeping, most of the qualified professional accountants prefer to focus on more specialized tasks like legal and tax management. Their compensation is also higher compared to bookkeepers.
Financial Consulting And Tax Assistance
We are specialized in preparing Australian tax returns. We also offer tax advisory and other services. If you need any assistance with regard to taxes, please feel free to contact us.
Usually, businesses need to prepare a return in every three months called Business Activity Statement. Further, they need to prepare accounts each year and a tax return in order to determine whether your business is liable to pay tax.
Reserve Wealth Financial Services philosophy is founded in historical perspective and market knowledge. History has shown that investment cycles repeat themselves, providing a range of expected performance, however, it is not reasonable that one can “time” buying or selling within a market cycle. We believe that a diversified portfolio that is thoughtfully structured and implemented will provide an investor with a greater likelihood of better, more stabilized performance through these market cycles.
NDIS
The National Disability Insurance Scheme(NDIS) is a scheme that provides support to people with permanent and significant disabilities across Australia. Under the Scheme, eligible individuals receive lifelong financial support. The support is offered on the basis of various factors such as the needs, goals and aspirations of the individual.
Under the Scheme, eligible candidates will receive annual funding for purchasing services, aids, equipment etc.Based on their circumstances and conditions, NDIS participants can have their plan adjusted accordingly.The scheme is implemented by the National Disability Insurance Agency (NDIA), which determines whether a person is eligible for financial help from the NDIS or not. NDIA helps eligible participants create an NDIS plan, which outlines what all types of financial support that will be provided to them. The plan is also reviewed in every 12 months
NDIS covers several types of disability supports including therapies, living arrangements, modifying living spaces according to the needs of the individual, technology for assisting communication, mobility equipment, education etc.
The funding for each beneficiary is tailored to their specific needs. Hence the focus is not on how much fund is allocated, but on providing the supports that you need to achieve their life goals.