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

Latest News

Can you Claim Deductions for Employee Training?

How to Keep Your Business Going During Rough Times

May 29, 2020

A misconception among small business owners is that accounting only involves managing your books and paying your dues.

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

Changes on July 1st 2020

According to the Treasury and the Australian Taxation Office, an error has been made regarding the estimated number of employees who can access the JobKeeper program. It was initially planned to cover around 6 million workers, but they had revised the estimate to only around 3.5 million. They stated that the estimate reflects the not-so-severe impact of health restrictions being imposed as expected.

Meanwhile, the ATO has extended the deadline to lodge the monthly declaration to every 14th day after the end of the month instead of the initial 7th day after the end of the month.

However, they stated that JobKeeper payments will be released based on when the declaration has been lodged. This means that the sooner businesses comply, the sooner they will be able to receive their JobKeeper payments.

On another news, the ATO has released guidance aim to soften the rules regarding the claiming of deductions for home office expenses. This is in line with the increasing number of taxpayers who were forced to work from home due to the pandemic.

First, they have decreased the requirements individuals need to be able to claim expenses. In most cases, this can be applicable to individuals who need a specific area at home for work-related purposes. Specifically, the ATO allows individuals to claim home office expenses if they are working from home to fulfill their office duties or are running their own business which, as a result, caused them to incur additional running expenses.

There are three main mechanisms that will allow taxpayers to calculate the allowed deduction:

  • First is the actual expenses which can be computed by taking the actual expenses incurred alongside the percentage of business or work for calculating the deduction.
  • Second is the “normal” set rate method using the set rate of 52 cents per hour then claiming separate deductions for other expenses like phones, computers, and the internet.
  • The last one is the “shortcut” set rate method which allows individuals to claim 80 cents per hour, though this one will cover all expenses mentioned in the “normal” set rate method.

Taxpayers will have the freedom to choose which method works for them, specifically the one that can provide them with the biggest deductions.

 

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