Expertise with Experience

We provide a wide range of taxation compliance services including preparation and lodgements of

• BAS/IAS

• Tax returns for Individuals, Companies, Trusts, SMSF etc

• FBT Returns

We believe that having an appropriate tax structure right from the start assists in the optimal management of taxation issues. We encourage our clients to be proactive in seeking tax advice and have ongoing and regular conversations with us about upcoming significant business transactions. This ensures early identification of any taxation issues, structuring the transaction appropriately and having all required documentation at hand.

We can advise on Income Tax, CGT, GST, FBT and a wide range of tax matters.

Our pharmacy advisory services include due diligence and financing for Pharmacy purchase, as well as preparation & management of Pharmacy sale.

We offer a complete suite of business services for Pharmacies including payroll, accounting & taxation and regular performance reporting.

Our fully managed Payroll Administration and Accounts Payable service package allows pharmacy owners to focus on their core business of delivering high-quality customer service in an efficient and cost-effective manner.

DBS Accountants are specialists in providing a full range of business services to Health Professionals and service providers. Right from a single doctor GP Practice to large Medical Centres, Day surgeries, Dental clinics, Optometrists, Specialists, Pharmacies, Allied Health Services – we cater to them all.

We know and understand the business processes of various type of health businesses, we are well placed to design and establish an appropriate accounting and payroll system which is easy to manage and run and frees your time to focus on your professional side of things.

We provide extensive support and advice to your in-house bookkeeping staff or your contract bookkeeper so that your basic accounting records are accurate, timely and comply with GST, taxation and payroll rules and regulations.

We provide advise on software selection, customisation and implementation appropriate for your business including:

• MYOB

• Quickbooks

• Xero,

• Payroll Solutions incl Employment Hero, Tanda

We also offerr full payroll processing packages which includes Award interpretation engines, regular payroll processing, payslips, EFT files, PAYG reports, cost center reports, Year-end processing etc.

We can tailor a package based on your needs, which can be as simple as only doing payslip generation based on time sheets – to all the way a complete end to end payroll solutions providing e-self-service, and automated payments system.

Did you know we have been providing accounting, compliance and taxation services for more than 30 years - even before when these funds were called SMSF !!

Every SMSF needs to comply at all times with two seperate sets of rules & regulations: Income Tax Act and Superannuation Industry Supervision (SIS) Act. Failure to comply with either can result in significant losses of benefits or penalties on trustees.

At DBS Accountants, we are well equipped to provide a range of services to the Trustees of the SMSF to ensure the Trustees (who are also members of the fund) stay on top of their ongoing compliance obligations. Our SMSF related services are:

• Preparation of annual accounts, tax returns, member statements etc using industry-leading SMSF administration software,

• Complying with ongoing real-time reporting requirements related to pension events, rollvers, benefit payments etc using specialist SMSF software.

• Advice on compliance with SIS Act and Regulations, Income Tax regulations

We are Registered Company Auditor and SMSF Auditor.

We have been providing independent SMSF auditing service to SMSF trustees and their accountants for a long time with a twist - we see our role as educators to SMSF trustees and their advisors.

We don't promise an extremely quick turnaround time, what we promise is to tease out any compliance issues and work with trustees, fund accountants and the ATO to rectify them so that members are not disadvantaged.

For Business owners and High Net Worth Individuals, succession and estate planning is a complex process. It needs thorough analysis of end goals and formulating a plan to reach there.

Succession planning is all about handing over management and control of business to next generation in an orderly fashion, and may even involve selling the business.

We have helped a number of our clients in these matters, and can help you navigate this sometimes emotionally charged process in conjunction with your legal and financial advisors.