Business Management

One of the firm’s greatest strengths is working with clients in the management and development of their business. A rewarding aspect of our role is seeing clients meet their goals with us being involved in their success. The partners and staff alike are inspired by the versatility and determination demonstrated by many of our clients as they manage and grow their business.

HDC provides business management advice to small, medium and large businesses positioned all over Australia.

Tax Planning

Shawn and Graeme, the partners of HDC, specialise in the area of Tax Planning. Clients are encouraged to utilise this service to forecast tax commitments and assist in the minimisation of their tax liabilities.

HDC covers all areas of Tax Planning, including the purchase and sale of business, real estate and other assets along with the creation of suitable business structures that meet individual clients needs.

HDC can assist with managing records necessary for Capital Gains Tax calculations. This service is beneficial in regards to record maintenance and can result in a cost saving at the time of sale. HDC use programs that specialise in Capital Gains Tax calculations and reporting as well as record management.

Tax Compliance

HDC have a solid professional team that ensure clients Tax Compliance requirements are met in a timely manner. The team appreciates that their clients are more interested in running their business than being concerned with Tax Office Compliance.

HDC ensures Returns are prepared and lodged in accordance with the Australian Taxation Office standards and all Government lodgements and deadlines. This includes Tax Returns, Business Activity Statements, Fringe Benefits Tax, Land Tax and Payroll Tax for all entities including companies, trusts, superannuation funds, partnerships and individuals.

The team regularly attend seminars and training programs to ensure they are kept abreast of all changes in legislation and compliance requirements.

Accounting

HDC provides accounting services for small, medium and large businesses.

Applying a personalised approach, individual attention and a genuine interest in client’s success is part of HDC’s commitment to their clients.

HDC will work with clients to ensure that the most beneficial Taxation Structures and Systems are put in place to match their goals and requirements. We ensure clients’ reporting requirements are met whether it is with the preparation of annual Financial Statements or more frequently if required for management or financial purposes.

Superannuation

HDC has a strong team of accountants that have specialities in the area of Self Managed Superannuation Funds including assisting clients in determining the benefits of creating a self managed super fund. We provide services in Administration, Tax Compliance and Superannuation Industry Supervision (SIS) requirements for our superannuation clients.

The firm uses specialised software programs that meet the requirements of both the ATO and SIS for reporting requirements.

Our team attends regular training seminars so you can be sure that HDC is up to date with all compliance requirements in regards to superannuation.

Bookkeeping

At HDC we understand clients want to focus on running and growing their business. By providing a Bookkeeping service for clients it enables them to focus on their specialty while we specialise in ours.

Our efficient Bookkeeping team are up to date with Tax and Accounting Compliance ensuring the work that is prepared meets all legislative requirements as well as our clients’ business needs and at the same time reduces the work required at year end.

Our team have an extensive knowledge of a number of computerised accounting packages and take great pleasure in working with our clients to assist them in building their knowledge of the programs.

Estate / Succession Planning

Succession planning is a process which should ideally start as soon as the next generation are old enough to understand it, usually around the age of 18. In most cases family succession plans do not happen until 2 to 5 years before the retirement of the current business owners. When considering the preparation of a succession plan it is important to follow a logical sequence which takes in the following steps:

• 1. Retirement Plan – determines the timing of management succession but considers the financial reliance the retiring owners will be on the business in retirement

• 2. Management Succession Plan – determines who will take over the business

• 3. Equity Succession Plan – determines which family members should receive equity

• 4. Estate Plan – ensures that the wills of parents and children operating a family business are consistent and aligned with the above succession plans

If you and your family are considering the development of a succession plan we would strongly recommend that you contact us to discuss your options.  HDC has over the years assisted many clients with their succession planning requirements.