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

Do I need a Logbook?

 

Some of you were perhaps thinking that those inconvenient days of a travel logbook were long gone, revelling in the freedom that modernization provided. However, recently the ATO is cracking down on those who own vehicles for their business because, well, because of modernization.

Our work vehicles are more lavish, modern and comfortable than they perhaps previously were and we understandably use them for leisure trips in addition to necessary travel for work. Whether it be to go away camping, popping to the supermarket, towing the boat or helping someone move, the benefits of a more powerful utility vehicle goes beyond what you might need it for in your daily working schedule.

Generally, utes are no longer Fringe Benefit Tax-free, even if your work vehicle was exempt before. Unfortunately, the usual assumptions that were once placed on working vehicles, the ones you have grown used to over the years, won’t apply. For example, a deviation from your regular route to and from work by more than 2kms will be considered to be private use. Some guidelines allow for minor, infrequent and irregular private use; however, this barely covers more than commuting.

You may be asked to provide a logbook to ensure that you are not avoiding Fringe Benefits Tax or abusing the system by claiming too many expenses back. By creating such a logbook, you are giving the ATO tangible data that they can use to determine how your vehicle is used so that they can support the claims you make.

Weighing up the inconvenience.

In summary, we recommend that where a dual cab ute or work vehicle is owned and you wish to claim expenses either in your business or as an employee, you MUST prepare a 12 week Logbook to prove the percentage portion of business use.

Doing so will give you extra protection if the ATO decides to audit you or argue that you are not entitled to a motor-vehicle claim due to it not being predominately for business purposes.

Ignoring the concept of a logbook entirely or believing that what you “tell us” is business use isn’t going to be enough. Trust us, it’s not going to get you far in a debate with the ATO..

Our team at Glance Consultants are confident that the slight inconvenience of creating a logbook is more preferable than finding out you cannot claim back desired vehicle expenses when it comes to that time of the year because you don’t have one.

We can provide you tools that enable you to accurately record necessary data for the ATO, which thankfully only need to be recorded for a 12 week, continuous period to be accepted for the entire year. Furthermore, unless your business habits change drastically or you buy a new vehicle, this data need only be updated every five years. Please be aware that you need to start this 12-week record in the year that you seek to claim expenses on your vehicle.

The ATO now accepts logbook apps from your phone, making it easier than ever before to log and report business travel use. You can simply download an app such as Driversnote, to track kms to and from specified locations with odometer readings, which you can then easily pass on as proof of your business travel, meeting relevant logbook standards and ensuring that tax time can also be slightly more relaxing.

Call us now on 03 9885 9793 or send us an email at enquiries@glanceconsultants.com.au for more information.

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