The Diligent Group Advisory Services Pty LtdDarlington, NSW 2008

The Diligent Group Advisory Services Pty Ltd

Accounting featured VERIFIED

86 Vine Street, Darlington, NSW 2008

ABN 39627480675
EST 2018

Latest updates

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Small biz owner not sure what help there is, contact me for a free survival guide to get you through the corona virus. The guide cov...

CORONAVIRUS SMALL BIZ SURVIVAL GUIDE

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Urgent cash flow for small business

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Top 5 Tips Employment Contracts

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ATO Tax Gap Measures - Do you know what this means for you?

Do you know what the Tax Gap Measure is and how the ATO uses this to determine what areas they will target for audits? Do you know w...

Self Managed Super Funds and Mandatory Investment Strategies

Do you have a self managed super fund? If so, did you know that you need to have a documented investment strategy which should be re...

Tax Tip - Log Books and Motor Vehicle Deductions

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About

Accounting, taxation and advisory services dedicated to the start up and small business client. Our mission statement is about providing accounting & advisory services usually exclusive to large companies, to our local neighbourhood SMEs in a timely, proactive & cost effectively manner. Our vision is to focus on a small number of SME clients that want a more hands on, proactive and interactive approach from their advisors. The intention is always to be to help our clients achieve the GOALS our clients want, not what we want for them.

Industry Specialty

  • Finance and Accounting
  • Startup
  • Business Structure
  • Succession Planning
  • Budgeting and Forecasting

Solutions

Annual Compliance Reporting
Accounting

Annual Compliance Reporting  

Preparation and lodgement of full sets of financial accounts (Balance Sheet and Profit & Loss ) and taxation returns for sole traders, partnerships, trusts, companies and self managed super funds.  

Project cost from $1,320

BAS Preparation and Lodgement
Taxation

BAS Preparation and Lodgement  

Preparation and lodgement of quarterly Business Activity Statements and monthly instalment activity statements for all trading entities. Depending on the client's needs this may include coding of cloud based account software such as Xero or Sage  

Project cost from $165

Pre End of Year tax planning
Taxation

Pre End of Year tax planning  

Pre end of financial year tax planning is provided to all my business clients around the May and June of each year after the lodgement of the March BAS. By looking at the figures for the current year we can attend to some upfront tax planning.  

Project cost from $550

Business Structuring advice
Taxation

Business Structuring advice  

Whether you are looking to form a new business or restructure your existing business, structuring advice to ensure we can take advantage of possible tax planning opportunities is provided.  

Project cost from $550

Monthly coding of accounting
Bookkeeping

Monthly coding of accounting  

We can attend to the monthly coding of your cloud based accounting software such as Xero and Sage to ensure your debtors are up to date, you know the profit and loss position of your business and cash flow is managed.  

Project cost from $275

Employee Payroll services
Bookkeeping

Employee Payroll services  

We can attend to your employee payroll requirements for wages and superannuation and reporting to the ATO to ensure compliance with Single Touch Payroll reporting obligations.  

Project cost from $250

SMSF Compliance
Superannuation

SMSF Compliance  

We can attend to the annual SMSF financial accounts and taxation returns for your SMSF and arrange for the fund to be audited. We can also attend to the ongoing ATO reporting in relation to Pension commencements and account balance reporting.  

Project cost from $2,750

Business Advice
Business Management

Business Advice  

We can provide a range of advice services in relation to your small business from growth strategies, tax structuring, succession planning, purchase advice and due diligence. Through our next work of associates we can attend to almost any matter at hand, just enquire.  

Project cost from $1,100

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FAQ

Are there any special offers available to customers on SavvySME?

For all SavvySME referrals I will provide an hour's free consultation to discuss your needs and what options are available. Depending on your needs and time limitations, our meeting can be either via phone hook up or a face to face meeting at your residence or business premise. I find meetings at my client's business premises provides a lot of insights into your business and assists in our discussions.

Why should a customer hire your business over other service professionals?

My core vision for my business is to limit the number of clients taken on to ensure that time can be properly spent on my client's needs, to be able to provide proactive services and advice. The key concept is that we both must be happy to work with each other and to feel a respective rapport such that we can work well together to make sure your business is taken care of properly. I consider myself to be part of your business family and take personal joy in seeing you achieve your goals you have for your business. Further, whilst no one person or firm can be the sole answer to all clients and their needs, we have assembled a great team of external consultants that work closely with us to ensure your business is covered for all it's needs. This could be from specialists able to arrange commercial insurances, to specialist solicitor's in the HR and employment law to ensure you have appropriate employment contracts and the correct awards.

Which geographical areas does your business service?

Whilst based in Redfern, we have clients in Gladesville and Ryde and out to Penrith in the West, the Cromer and Pittwater in the North and South to Cronulla. Where you are located is not as important as our fit together and given that client numbers are limited, travel to your premises is a service offered and some clients love to take this up. As for other clients, they are happy to telecommute and a lot of our work together can be done efficiently over the phone and or emails.

How do you normally charge for your services?

I charge an hourly rate to my clients rather then engage in value billing. If I am able to arrange your affairs that provide some for of significant benefit such as tax savings, this benefit is yours and I do not increase my fee based on what extra value I can obtain for you. I also request my clients to always contact me first if they are unsure of anythings, whether is be a leasing question on a new company car or a GST question, as this way advice or instructions can usually be provide fairly quickly and correctly rather than discovering it after the event and then having to fix an issue which could be costly in terms of my time. I explain to my clients that I am not a "clock watcher" so if you call with a question that can be sorted out quickly, this is my preferred option. The only thing I ask it that this is not abused as I have had some client call dozens of times in a day with a series of quick questions. A formal meeting would have been more appropriate.

Are there specific areas of your trade or industry that your business specialises in?

No. I have clients that are sole traders like plumbers, floor sanders and painters, to those operating in a company structure from white collar businesses such as financial planners, IT specialists, management consultants, to those operating in the civil construction industry. I also have clients operating via trust structures such as those in the medical profession such an anesthetists and dentists.

What is the profile of your ideal customer? e.g. industry, size of business, revenue, number of employees and so on.

My ideal client is in the start up to small business client who is looking for a trusted adviser to help them with their business. They need someone they trust to keep them up to date with changes in legislation, to ensure their lodgements are done on time, to help guide them in developing and growing their business. They may be the sole person in the business or have up to 20 employees in addition to themselves. The most important thing about my ideal client is the rapport between us. Given that we will be working closely with each other, you do not want an adviser that you are not happy to pick the phone and call. We have all had advisers and clients like this.

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Questions & Answers

Steve Wilson answered a question

How is the COVID 19 crisis affecting your business?

Hi Yee,currently I am not affected but rather seeing increase in business as I am a tax agent / acountant / advisor to the micro and sme market. I have been very proactive with putting together updates, advice and strategies for my clients with the...

Steve Wilson answered a question

How do you claim and be eligible for Sole Trader supplement for those impacted by COVID-19?

The Federal Govt will be introducing a Coronavirus Supplement of $550 per fortnight to individuals who are receiving certain eligible income support payments AND for the next 6 months will expand access to certain individuals as well. This expanded...

Steve Wilson answered a question

How to find the right accountant?

I would agree with Kirsty Fox and what she has stated. I think that it is important to have a think about your business, where it is currently headed and where you want to see it go before seeing a potential accountant. Also think about what...

Steve Wilson answered a question

Will this business attract more scrutiny or tax audits from the ATO in future?

It will depend on how your friend is planning on purchasing the hairdressing salon. If the vendor (seller) is running the salon under a company structure and is planning on selling the company and thus your friend is buying the shares in the...

Steve Wilson answered a question

Are there any government grants for female business owners?

a great source you can use is a the following website (Federal Govt Grants)https://www.grants.gov.au/?event=public.homeYou can go in and search for grant opportunities for your industry or for females, sign up and get notifications on current...

Steve Wilson answered a question

How much are accounting fees for a new small business?

Whilst not directly answering the question, I find as an accountant to SMEs the best place to start is to arrange a complimentary meeting with a good accountant to discuss your new business idea, go over what it is you want to do, your goals for the...

Steve Wilson answered a question

How much does it cost to hire an accountant for a small business?

Aishah's answer is very detailed and provides a great overview of the variables that go into accountant's pricing for their business clients. I think this is little to add to this other than to discuss some issues re costs I have in relation...

Steve Wilson answered a question

How often should you run depreciation?

You should run depreciation once a year when doing the annual financial accounts (Profit & Loss and Balance Sheet). The other time I run depreciation for clients is after completing the March BAS each year when doing 9 months financial accounts...

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