Pricing, Terms & Conditions
Hourly charge rates ($/hr)
Hourly charge rates (GST exclusive) for the professional time of an accountant engaged on your affairs are as follows:
Principal: $300
Manager Accountant: $250
Accountant: $150 - $200
Bookkeeping: $100
We offer outsourced CFO services - fees are typically $150 to $200 per hour depending on the number of hours of service required per month.
Scope of works estimated fees
Estimated fees (GST exclusive) for our professional services are as follows:
Individuals
Preparation and lodgement of personal Income Tax Returns: $300–$850
Preparation of rental net income schedule for investment property: $200–$550
Preparation and lodgement of Self-Managed Superannuation Fund Financial Reports and Income Tax Returns: $1,500–$3,500
Preparation and lodgement of investment trust Income Tax Returns: $300–$1,500
Small Business
Establishment and setup of Xero / MYOB / Quickbooks software: $500
Migration of financial data and Xero implementation and account reconciliations: $750–$8,000
Preparation of Special Purpose Financial Reports: $500–$5,000
Preparation and lodgement of Company Income Tax Returns: $300–$600
Preparation and lodgement of Activity Statements, including BAS & IAS: $150–$750
Preparation and lodgement of end of financial year STP payroll: $200–$1,000
Establishment and ongoing maintenance of a monthly budget and projections: $150–$300
Provide Xero / MYOB / Quickbooks support including training sessions (first session is free): $250–$500
Preparation of Professional Business Schedule for sole trader business income: $300–$600
Preparation and lodgement of trust and partnership Income Tax Returns: $300–$600
Preparation and lodgement of Research and Development Tax Incentive application: $2,500 - $3,500
Preparation and lodgement of Research and Development Tax Incentive claim: 8%-10% (capped at $15,000)
Preparation and lodgement of Export Market Development Grant: 8%–12%
eCommerce integrations for online store sales and inventory management: $1,000–$2,000
Business valuation reports: $2,000 - $5,000
Large Business
Contact our office for fee estimates detailed above
Deferred tax assets and liabilities for income tax note disclosures in general purpose financial reports: $10,000-$25,000
Corporate & Secretarial Standard Charges
Please note, ASIC fees are GST free.
Accountant’s Letter / Bank Letter $180
Letter of Advice $250
ATO Payment Plan Arrangement (online) $150
ATO Payment Plan Arrangement (phone) $180
Company Registration (includes $597 ASIC Fees): $1,645
Public Company Registration (includes $597 ASIC Fees): Please enquire
SMSF Establishment with Special Purpose Company (includes $597 ASIC Fees): $2,597
Discretionary / Unit Trust Establishment with Corporate Trustee (includes $597 ASIC fees): $2,000
Discretionary Trust Establishment: $650
Unit Trust Establishment: $650
Hybrid Trust Establishment: $1,750
Variation to Trust Deed Establishment: $200
SMSF Trust Deed Establishment: $800
SMSF Holding Trust / Bare Trust Registration: $800
SMSF Investment Strategy: $200 - $400
SMSF Deed Upgrade: $500
Establishment of new Account Based Pension: $250
Reservation of Company Name: $100
Change of Company Name: $150
Company Conversion: $500
Company Register Reconstruction: $200-$500
Change of Single Officeholder or Member: $200
Change of Multiple Officeholders/Members: $300
Constitution Update: $250
Share Issue / Transfer: $200
Multiple Share Issue / Transfer: $300
Share Buy Back: $500
Share Division/Conversion: $750
Deed of Amendment: $150 - $350
Shareholders Agreement: $1,500 - $2,000
Voluntary Company Liquidation: $500
Deregistration: $400
Business Name Registration: $180
Business Name Transfer: $250
Business Name Cessation: $100
ABN & TFN Registrations: $200
TFN Registration: $180
Trademark Registration: $1,000
Annual ASIC Review & Solvency Resolution: $210
Annual Membership Benefits
If our fees total more than $1,000 per annum, then you will receive the additional benefits outlined below.
Bronze: $1,000-$4,999 fees paid per annum
Silver: $5,000-$9,999 fees paid per annum
Gold: $10,000+ fees paid per annum
Bronze Benefits
Subscription to our emails for accounting and tax legislation updates
1 complimentary meeting for 1 hour at our office per year
10% discount on autopay Xero Subscription fees
Silver Benefits
Subscription to our emails for accounting and tax legislation updates
2 hours of complimentary meetings at our office per year
Quarterly financial management reports at your request
10% discount on autopay Xero Subscription fees
Gold Benefits
Subscription to our emails for accounting and tax legislation updates
3 hours of complimentary meetings at our office per year
Quarterly financial management reports at your request
10% discount on autopay Xero Subscription fees
Unlimited phone calls for general accounting and tax advice (this does not include technical advice or written advice)
Standard Terms & Conditions
1) Scope of Works
The financial statements compiled by us will be Special Purpose Financial Statements, and will be for the internal use of the Directors and/or stakeholders. This means that the report may not comply with all applicable Accounting Standards.
The financial statements will be compiled from information provided by you. We will not express any opinion as to the completeness or accuracy of the information provided to us and, therefore, we provide no assurance on the financial statements. We disclaim any assumption of responsibility for any reliance on the Special Purpose Financial Statements to any person other than stakeholders, and for any purpose other than for which they were prepared.
Our engagement cannot be relied on to uncover errors in the underlying information incorporated in the documentation, or irregularities, should any exist. All income tax returns are potentially subject to examination by the ATO. In the event of an examination, you may be requested to produce documents, records or other evidence to substantiate the items of income and deductions shown on the tax return.
2) Confidential Information Protection
We ensure that your confidential information is safe.
Our online business is secured by G Suite's Cloud Identity as a Service (IDaaS) which includes core identity and endpoint management services.
Our cloud software is operated on Apple Mac Hardware with FileVault encryption and Stealth Mode Firewalls.
Hard copy information is protected with 24 hour video security surveillance of the Advali premises and after hour smart phone alerts.
3) Fees and Expenses
Please note the following in relation to our fees and charges:
The fees disclosed in the Engagement Letter and in the Pricing & Policies are in Australian Dollars (AUD).
The proposed fees cover all fees and charges for the financial year relating to the scope of works. Additional fees may be charged for any required work that is not included in our scope in the terms of engagement.
Reporting and statement amendments resulting from client error do not form part of our fee for providing services detailed in the scope of works. Amendment jobs resulting from client error will incur additional charges in accordance with our hourly charge rates detailed in our Pricing & Policies.
Our Engagement Letter in conjunction with our Pricing & Policies sets out the proposed Fees to be invoiced to you. We will increase our Fees by the amount of any GST applicable to the services provided unless the Engagement Letter states that our Fees are inclusive of GST.
In the event where your overdue account is referred to a collection agency and/or law firm, you will be liable for all costs which would be incurred as if the debt is collected in full, including legal demand costs.
We will charge you for out of pocket expenses we incur in acting for you including (if applicable):
Filing Fees
Registration fees
Searches
Courier fees
GST will be charged on these expenses; however any amount to be reimbursed by you will be calculated by deducting from the actual costs paid by us, the amount of any GST input tax credit or similar credit that we can claim in respect of that expense. Where no GST has been charged to us in any of these expenses then none will be charged to you.
“GST” as referred to above may be defined as any goods and services tax or similar indirect tax imposed by the Commonwealth of Australia, other than any penalty, fine, interest or the like payment.
Our Fees are based on the degree of responsibility and skill involved and the time that is necessarily taken to perform work.
We aim for continuity, but if any employee specified in the Engagement Letter cannot continue to be involved in the work, then we will involve another employee of appropriate skills and experience.
If we provide you with an estimate of Fees, it is based on the scope of work expected at that time. If the scope of work is incorrect or varies, or the extent of work is greater than expected, then we will provide you with a revised estimate.
4) Engagement of Other Professionals
We may need to engage, on your behalf, other professionals to provide specialist advice or services. We will consult you about the terms of engagement of that professional, and may ask you to enter into a costs agreement directly with that professional.
5) Payment Terms
Our standard payment terms are 14 days from the date of invoice. Payments may be made to our accounts held at Macquarie Bank and Commonwealth Bank of Australia via the following methods:
Automated direct debit service (including but not limited to GoCardless and Stripe)
Paypal
Electronic transfer direct deposit
Credit card
Cheque
Cash
We may ask you to pay us an amount, in advance, to cover expenses, or to provide security for our Fees.
We reserve the right to charge you interest at 2% per month on overdue invoices. All overdue invoices at month end will incur a late payment interest charge which accrues monthly.
We reserve the right to remove your access to your Xero account if outstanding fees exceed our payment terms by more than 60 days.
If we act for you in a matter, and another person (e.g. a party to litigation) is required to pay for our charges (or any part of them), that requirement does not affect your liability to us for any outstanding Fees.
We reserve the right to deduct outstanding fees from your annual tax returns if the ATO deposits the funds into our CBA trust account.
6) Your Documents
If you leave any documents or other papers with us once the engagement is complete (except documents deposited for safe custody in our document storage system) we will only keep them for five (5) years and they will then be destroyed. We may charge you an annual storage fee to cover the cost of storage
7) Our Documents
You acknowledge that any internal documents created for use in providing the above services, other than those documents produced to satisfy legislative requirements, remain the property of Advali Accountants and will not be released to you or any third party.
8) Termination
Either party may terminate the engagement upon fourteen (14) days’ notice, or in accordance with the requirements of relevant legislation. If this occurs you will be invoiced for time and expenses incurred to bring the engagement to a close in a prompt and orderly manner. We will make every reasonable effort to keep expenditure for this purpose to a minimum.
9) Lien
Advali Accountants is entitled to retain all of your files, documents and personal property until all invoices issued to you are paid in full or a court otherwise orders. Property in any document created by Advali Accountants only passes upon payment in full of all invoices issued to you.
10) Indemnity for Liability to Third Parties
You agree to indemnify us against all liabilities, claims, costs and expenses (collectively referred to as “Loss”) (including any GST payable by us on amounts paid by you under this indemnity) incurred by us in respect of any claim by a third party which is related to, arises out of, or is in any way associated with the engagement. However, the indemnity does not apply to any Loss in respect of any matters which are finally determined to have resulted from our negligent, wrongful or willful acts or omissions.
11) Dispute Resolution
If there is a dispute relating to the engagement, the parties will submit to mediation before having recourse to any other dispute resolution process. Written notice of the dispute will be given for it to be submitted to mediation before a mediator chosen by the parties or, where the parties cannot agree, by the Australian Commercial Disputes Centre (‘ACDC’). The parties will use their best endeavours to settle the dispute promptly. The mediation will be conducted in accordance with the ACDC Mediation Guidelines to the extent that they do not conflict with the provisions of this clause. If the dispute is not resolved within 60 days after notice of the dispute, the mediation will terminate unless the parties otherwise agree.
12) Conflicts of Interest
We may act for clients who compete with you or, may even be involved in business with you. Naturally, we will continue to represent those clients or new clients in matters that are not substantially related to work we are engaged to perform for you.
13) Governing Law and Jurisdiction
All aspects of the services and the engagement letter are governed by, and constructed in accordance with, the laws of Western Australia.
14) Limitation of Liability
By accepting our terms and conditions, you agree to limit the liability of Advali Accountants in respect of Services provided. It is agreed that the total aggregate liability of Advali Accountants in respect of services provided under this engagement is limited to the Fees paid by you to Advali Accountants.
15) Free Individual
Free individual tax return estimates are only provided to employed individuals with straight forward tax returns. The free estimate does not include business owners or taxpayers with investment rental properties.
16) Definitions
Client (and ‘you’) means the party or parties identified as such in the Engagement Letter.
Disbursements mean the expenses incurred by Advali Accountants on the Client’s behalf in providing our Services.
Fees mean Disbursements and fees to be charged in accordance with the Engagement Letter and these Terms and Conditions for providing the Services.
Advali Accountants is our trading name.
Advali Accountants (or ‘Advali’, ‘we’, ‘us’, ‘our’) means Advali Accountants Pty Ltd.
Engagement Letter means the letter accompanying these Terms and Conditions.
Services mean the accounting services provided by Advali Accountants to or on behalf of the Client as set out in the Engagement Letter or any subsequent variation to the Engagement Letter.