Welcome to Glance Consultants

At Glance Consultants our experienced team is committed to providing a personalised service to meet our clients’ diverse needs. We offer up-to-date, tailored advice and take great pride in ensuring our clients are well-equipped with the knowledge & skills they need to succeed. Read More

Get in touch for personalised advice tailored to your business Contact Us

Glance Consultants Chartered accountant Ashburton – offer a range of accounting, taxation & business advisory services to businesses, individuals & SMSF clients. We are here for all your accountancy, bookkeeping and business advice needs. You can rely on Glance Consultants chartered accountants to take care of your finance requirements

Our Services

We provide a tailor made service to our clients to meet their specific needs.

Business Taxation Services

  • Business Taxation Advisory & Planning
  • Taxation Audit Support and Australian Taxation Office Liaison
  • Preparation & Lodgement of Annual Taxation Returns

Business Advisory

  • Management & Financial Reporting
  • CFO Services
  • Strategic Business Advice & Planning
  • Due Diligence Process – Purchase of Business
  • Cashflow Management, Forecasting and Budgeting expertise

Individual Taxation Services

  • Taxation Advice & Planning
  • Preparation & Lodgement of Annual Taxation Returns
  • Taxation Audit Support and Australian Taxation Office Liaison

Self-Managed Super Fund
Taxation

  • Formation of Self-Managed Superannuation Funds including all required registrations
  • Financial Statements and Returns including the preparation of Annual Accounts, Member’s Statements, Income Tax and Regulatory Returns
  • Self-Managed Superannuation Fund Audits

Audit and Assurance

  • Self-Managed Superannuation Funds (“SMSFs”)
  • Owners Corporations
  • Solicitors’ Trust accounts/External Examination for Lawyers
  • Real Estate Agents’ Trust accounts

Bookkeeping Services

  • Xero Accounting Software Integration
  • Bank account and credit card reconciliations
  • BAS Services
  • Payroll Services

Wealth Creation & Risk Management

  • End to end Financial Planning
  • Residential, Personal and Business Finance
  • Insurance
  • Property

Client Testimonials

Glance Consultants provided us with invaluable guidance in setting up our unit trust and corporate trustee. We also use their expertise on an ongoing basis for both our business and individual accounting needs. Kavi and the team are always ready to answer our questions. We have no hesitation in recommending their services.

Mustardseed Capital

Just wanted to mention how happy I was with your service. Thank you very much for your quick turnaround and a very healthy return, appreciate that you made it so simple and painless. Highly recommend to anyone else who is interested in getting their tax done .

Brian

Pandemic benefits can incur FBT

 Do You Need Cloud Accounting for Your Business

 

The ATO has sent out a warning to those employers who have offered incentives to their employees during the pandemic. They might be drawn into the FBT net for the first time, so be prepared.

Examples include pets, gym memberships, event tickets or non-cash vaccination incentives or rewards are some of the areas highlighted, as is allowing your employees to use a company car for private use. 

If you have paid for items that ultimately allowed your staff to work effectively from home then the ATO assistant commissioner Michelle Allen says that it might be worth checking in to see whether these are identified as a fringe benefit. 

If you are unsure or a little concerned about FBT, then do not hesitate to get in touch with the us at Glance Consultants. We can look through the details to ensure that you are compliant and safe from any complications that may come through unintentional tax evasion with the ATO. 

We know that you likely have a lot on your plate, so the last thing you will be wanting is penalties imposed on you for FBT non-compliance or incorrect/late FBT returns. The ATO do have third-party data sources that they use to identify fringe benefit acquisitions in a business and have come out to claim that they will be cracking down on non-compliance this year. 

Know that you can claim deductions for the cost of providing fringe benefits in most cases and can claim GST credits for items provided. It’s a matter of knowing what you need to declare and how you should go about making these claims. 

If you believe that you might be liable for FBT this year for the first time, then you will need to register before reporting, lodging and paying your tax. 

You have until the 27th June 2022 if lodging these through a tax professional such as ourselves, otherwise return dates have passed for those lodging their own returns, back on the 23rd May 2022. 

By understanding what is identified as a fringe benefit and determining whether or not the incentives or rewards that you have provided your employees qualify as such, then you are able to make informed decisions. Get in touch with us at Glance Consultants to learn more about FBT.

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