GC Accountants

A trust provides a valuable way to protect the assets you have accumulated for the benefit of others. Our extensive experience with trusts enables us to offer specialist advice on trust formation and ensuring all statutory requirements are met. Obligations for trustees can often be onerous, and our assistance in trust administration can prove invaluable.

Company legislation requires businesses to perform several administration tasks that take up a lot of valuable company time. The last thing you need as a business owner is to be stressed out trying to ensure you comply with the Corporations Law. The possible threat of penalties for failing to keep up with the changing rules is too great a risk to take.

At GC Accountants, our preferred business accounting software solution is Xero. If you’re sick of keeping track of your accounts on spreadsheets and paper, Xero is the answer. Xero Australia is an easy to use cloud-based software program that can help you keep track of a wide range of accounting and business-related data. As a certified Xero partner, our accountants can help you decide if this software is right for your business. We can also assist you in setting it up and teaching you and your employees how to use it. We offer Xero for business bookkeeping services to clients all over Maitland, Newcastle, and across the Hunter Valley.

Xero is a cloud-based accounting platform designed for small to medium-sized businesses. It’s accessible on computers, laptops and mobile devices, including Android and IOS. The wide range of accessibility options makes it easy for everyone to work collaboratively and efficiently. So, no matter where your team is, they can keep all the business information and data up to date. The online cloud feature also makes it easy to share your recent company information and numbers with the team and your accountant. Boasting over 2million subscribers, Xero is trusted worldwide to help businesses, accountants, and bookkeepers stay in control of their finances.

GC Accountants specialises in tax planning for companies and businesses. Tax planning doesn’t just start at tax time–it involves strategic organisation throughout the year to minimise tax obligations and maximise your returns. The GC Accountants teams’ wealth of knowledge and experience aids local businesses to formulate effective plans. As such, no matter how small or large your business, it’s always a good idea to review your GST and tax strategies and consider how you could benefit.

Organisations all over Newcastle, Maitland, and the Hunter Valley struggle with tax obligations. Without the expertise of a trusted accountant, businesses could be losing money every year, which can add up to thousands of dollars in the long run. GC Accountants help you and your business. We review your business tax planning strategies and work alongside your company to develop a genuine partnership. Our team constantly researches technical resources, considers evolving industry trends, and investigates the economic marketplace—which ensures the best evidence and advice for you. We passionately help local businesses maximise their benefits and achieve their full business potential.

Starting a new business is exciting and daunting, but at GC Accountants, we’re here to help. Our team of knowledgeable accountants assist clients throughout Newcastle, Maitland and the Hunter Valley with advice for their Startups. Our years of experience in accounting for startups give you the tools and information for achieving your business goals.

We know that finding a good accountant in Newcastle can be challenging. We believe it’s vital to find someone who understands the difficulties facing new companies and has the know-how for practical small business startup advice. GC Accountants have a wealth of experience and information about payroll, cash flow, tax, and GST—we help you take the stress out of accounting. We customise our diverse skills and industry knowledge to your requirements which will propel your business forward.

We support clients with business:

structure review and planning
cash flow projections
tax and GST advice
buying and selling
compliance and audit
budgeting, and
market advice.
And more! At GC Accountants, our information and advice on accounting for startups and new businesses is all in the one place.

Every business knows that Goods and Service Tax (GST) is essential, but it can be perplexing to calculate GST and understand how the system works. GC Accountants are experts in GST and business activity statements (BAS). We’ve assisted clients all over Newcastle and the Hunter Valley with business GST advice and BAS returns.

Our GST and BAS services include, but are not limited to:

advice on BAS and GST
bookkeeping services
lodging BAS returns
preparation of working papers.

According to the Australian government, if your business has a GST turnover of over $75,000, you must register for GST. Alternatively, if your non-profit organisation has a GST turnover of over $150,000, you must also register for GST. For many companies, this may mean:

adding GST to prices sending that money to the Australian Tax Office (ATO) claiming back GST on business expenses like supplies and income.

This process can be extremely time-consuming and confusing, and, incorrectly done, could lead to significant penalties. GC Accountants help you to organise GST and BAS Accounting Services.

A financial statement clearly illustrates a company’s financial position and activities. They are beneficial if you want to stay up-to-date on where your money is coming from and going to. They are vital to have for Australian Tax Office (ATO) audits of business activities and financial information. Therefore, you need GC Accountants—Newcastle based experts in organising financial reports. Our team helps your business to keep a record of all financial transactions and tax obligations—so you don’t have to worry about tax returns or audits.

We know tax audits can be confusing, and they generally occur when the ATO nominates your company for a closer inspection—and everyone can be the subject of a surprise audit. We aid businesses – big and small – to collate information into foolproof financial statements. So, if an audit occurs, we can liaise with the ATO for you and show them comprehensive financial information.

We also understand every business has distinctive qualities. No two companies will have the same employees, cash flow, objectives, or challenges facing them. That’s why GC Accountants approach every financial statement with candour, integrity and efficiency. We assemble comprehensive financial reports for general use, tax time, audits, and everything in-between. Leave it to us and take the headache and guesswork out of collating financial statements for tax returns—reach out to GC Accountants today.

Business mergers, acquisitions and sales can be complicated with many moving parts. GC Accountants has the experience, expertise and knowledge to help you navigate this process every step of the way.

One of the most important aspects of any business transaction is the financials. GC Accountants can help simplify the process by providing accurate and up-to-date financial information for all businesses involved in the transaction. This includes income statements, balance sheets and cash flow statements. Having accurate financial information is essential in order to make sound decisions about the transaction.

We’ll work with you to develop a sound strategy that provides excellent opportunities for growth. We’ll also provide due diligence support, ensuring that you have all the information you need to make informed decisions. Our goal is to help you through this process so that you can focus on what’s important – running your business.