Our Solutions

Miles Townsend offers a comprehensive suite of solutions to support you and your business

The compliance landscape is becoming increasingly complex with constant changes in statutory and common law, accounting standards, and with a proliferation of new tax office pronouncements. It is our job to remain on top of these changes and ease the compliance burden for our clients.

Our focus is on core service offerings which include:

• Taxation Consulting
• Business Services
• Audit & Assurance
• Management Consulting
• Corporate Secretarial
• Business Valuations & Evaluations
• Superannuation and Retirement planning
• Succession & Estate Planning

It is through these offerings we drive value to our private clients, and through these core pillars we provide an integrated service offering.

Taxation Consulting

The practice is a tax agent registered by the Australian Taxation Office. Our practitioners provide tax planning solutions to ensure the best tax effective outcome is achieved for:

• Businesses
• Individuals
• Investors
• Superannuation
• Proprietary Companies
• Clubs, Societies & Associations
• Partnerships
• Trusts
• Non Residents

Business Services

We provide a broad range of accounting services including the preparation of Financial Reports, Income Tax Returns, Business & Installment Activity Statements and appropriate lodgment with the Australian Taxation Office.

We handle a wide variety of accounting software, including:

• Xero
• MYOB
• Sage - HandiSoft
• BGL

We also offer services for:

• Budgeting & Cashflow
• Finance Applications
• Asset Acquisitions

Audit and Assurance

Andrew Townsend is a registered Company Auditor and a registered Self Managed Superannuation fund Auditor. We undertake audits for statutory purposes and audits and reviews in line with our clients' engagement requirements. The practice has a wealth of experience in conducting Solicitors' Trust Audits.

Our extensive audit experience encompasses:

• Private company audits (full & partial)
• Incorporated Associations & Societies
• Solicitor Trusts
• Estate Agents
• Travel Agents
• Various engagements on behalf of financial institutions

Management Consulting

Our clients benefit from our practitioners' understanding of key success factors for businesses in different industries and market segments. It is because of this we are engaged as trusted advisors to consult on matters such as business valuations, management reporting and decisions, and succession planning. Graeme Miles is an accredited financial planning specialist.

Corporate Secretarial

We provide our clients with a range of Corporate Secretarial and Support Services. We prepare annual Company Reviews and solvency resolutions for our Client companies. As the registered office for many of our Clients we maintain in safe custody all necessary statutory files and records.

Our Support Services can arrange for the registration of companies, the preparation of trust deeds, and can similarly arrange for any amendments or alternations to existing deeds and documents.

Bookkeeping Services

We offer complete bookkeeping solutions, provided by qualified Bookkeepers.

From $50 + GST per hour*

* Please note: this rate only applies to Xero & MYOB Live. Rates for other products or desk top versions of MYOB may be higher.

By utilising an online systems we can assist our current clients, whom are located throughout Australia and also internationally.

Services our Bookkeepers provide:

1. Bank reconciliations
2. Direct bank feeds from your financial institution (Significant time saver)
3. Transaction processing
4. Accounts receivable reconciliation
5. Accounts payable reconciliation
6. File setup and transfer
7. Payroll
8. BAS preparation
9. Asset depreciation entry
10. Hire purchase & Chattel Mortgage processing
11. Monthly Management reports
12. Various other services

Why are our rates so competitive?

1. Utilising an online system significantly reduces unproductive time, which allows us to pass the saving on to you
2. Our bookkeepers work remotely, eliminating overhead costs
3. No travel time (Which most bookkeepers charge for)

How does our solution work?

1. Select the frequency of updating your records (anywhere from daily to annually)
2. Collect your information, either electronically or manually
3. If your information is received manually, we converted to electronic format and stored on a secure portal which clients can access at any time
4. Our Bookkeepers undertake the work remotely from their office
5. Communicate any questions via phone or email
6. Job is complete

Throughout the process you have secure access to all of your original information and bookkeeping program, at any time, from any location with internet access.

Why is a remote solution better than in-house?

1. Lower costs
2. No travel time
3. Complete 24/7 assess to your financial records from any location with internet access
4. No time wasted backing up and sending data files via post or email
5. Data security (full online encrypted backup)
6. Availability of real time data
7. Tailored solutions to your industry and business
8. No overheads costs incurred by your business for computers and office space

Miles Townsend Pty Ltd is a MYOB connected Accounting Practice and authorised reseller of the full range of MYOB products. We have extensive experience with MYOB Desktop applications and the new MYOB live cloud solution. MYOB's stand-alone functionality is arguably the most compressive of any Small to Medium Enterprise (SME) record keeping solution on the market. However, the downside to MYOB's features is usability, which does take time and training to understand.

Miles Townsend has developed a direct integration between MYOB and our accounting software (Handisoft) which reduces time in preparing clients year end accounts and ultimately results in lower compliance costs for our clients. Many Accountant's manually process data between MYOB and their system, which is not only time consuming and inefficient but can lead to inadvertent errors. Our system eliminates these issues.

If you are not quite ready to move to a cloud based system, but may be in the future then MYOB is the solution for you.

If you are currently using MYOB in your business and wish to extract the maximum for your investment, reduce your processing time or simply ask a question you can email through our contact page or give us a call.

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