The series engages highly experienced speakers to bring you the latest trends, opportunities and thinking from across the sector. Each session runs up to 1-1.5hrs, includes panel discussion and audience Q&A.

Upcoming event

Tenancy risk management – 16 August 2022

Stay tuned to our website and socials for further details.

Past events

Asset valuation trends & financing considerations – 19 July 2022

Join highly experienced industry professionals as we delve into current property & economic trends, and explore what this means for lending & risk appetite.

• Recent movements in the Commercial & Industrial space – how recent movements in the sector have effected asset valuations and demand
• Impact of the economy on lending – in light of inflation & interest rates, the economic outlook for property and the resulting impact on risk appetite and lending parameters
• Financing options – working with clients to navigate financing options and alternative structures

Speakers

Danny Armstrong
Director, Banking & International Business
SW 

Scott Keck
Chairman
Charter Keck Cramer

Darren Kerr
State Director, Property VIC/TAS
ANZ Commercial Banking 

How technology is accelerating commercial property growth – 21 June 2022

This session delved into the impacts of technology on the property industry across Australia.

The webinar covered:

• technology and commercial property
• market trends & new technology
• case study

Future events

Demands & trends – 13 September 2022

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A well-rounded Chartered Accountant and tax advisor, Rick thinks outside of the box and regularly collaborates with SW experts across the firm to deliver outstanding outcomes for our clients. He has deep experience in outsourced services, including outsourced CFO, and is the firm lead on software adoption, implementation and data analytics.

Rick Hemphill combines his passion for accuracy, creating efficiencies and true value for clients by tailoring cloud-based solutions via advanced management reporting systems. He works closely with his clients to ensure financial software solutions are bespoke to how the company operates and what each client needs from its reporting to provide efficient, adaptable and accurate real-time financial overview.

As a Certified Xero Advisor, WorkflowMax Advisor, Futrli Advisor and Power BI Advisor, Rick remains abreast of all the latest developments and capabilities of financial technology.

Outside of his passion area, Rick supports his clients by managing accounting, tax and compliance risks, and improving clients’ personal asset protection with family tax planning and tax efficiency measures.

Rick is a Partner of SW Audit and a Director of SW Accountants & Advisors Pty Ltd.

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Maintaining a close day-to-day involvement with your organisation, its performance and key stakeholders, we provide tangible value adds and alert you to critical issues as and when they arise.

Utilising cloud-based accounting software, tailored to your business and incorporating add-on software where required, we will automate processing and develop a fully integrated accounting system. This enables you to make decisions based on accurate, timely and valuable information.

Our full service outsourced finance function can be utilised as an alternative to establishing an in-house finance team, or on an as-needs basis for various operational and compliance needs:

• BAS/IAS lodgements
• bookkeeping
• management accounting
• payroll services
• personal taxes
• Registry and company secretarial services.

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Compliance obligations apply from a wide range of bodies at various times in the year, including:

• Australian Taxation Office
• income tax returns
• FBT returns
• GST returns
• superannuation payments and reporting
• Australian Securities and Investments Commission (ASIC)
• Australian Securities Exchange (ASX)
• financial Institutions
• industry bodies and regulators
• State Revenue Offices(s)
• Land Titles Offices(s)
• Australian Charities and Not For Profits Commission.

Our team has both the experience and adaptability to deal with your evolving needs as compliance becomes more complex.

We work with you to help you understand your requirements and establish lodgement deadlines. We then provide the accounting and taxation services to ensure you meet your reporting obligations.

Our compliance services are designed to work with you efficiently so that you can continue focusing on your business while we take care of the back office requirements.

We also utilise the latest technology where appropriate to make compiling your documents as pain free as possible. Our team provides advice to maximise your position while ensuring you meet your obligations.

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Our team have specialised capabilities for every step of your journey, with long-term experience working with both high-growth businesses and successful entrepreneurs.

Our business advisory team will work with:

• to ensure your IP is secure
• your regulatory compliance is in place for your chosen sector
• you have a solid business plan that is practical, includes all required areas including marketing and budgets
• assist with a supportive network of advisors
• work with our R&D team to put in place an appropriate structure and have the right financial substantiation in place to access R&D and other tax incentives
• work through the process of appropriate business software to support your growth requirements
• work with you to build your KPIs and margins, with transparency of expenditure
• engage with potential investors or future board members
• when required, work through your exit strategy
• act as a mentor/coach on your journey and ask you the critical questions along your entire journey.

How we can help you:

Financials

• customised reporting & dashboards​
• budgeting & cash flow forecasting​
• finance management​
• finance team support​
• financial strategy​.

Tax considerations

• Federal Taxes (Income Tax & GST)​
• Statement Tax (Payroll Tax & Duties)​
• employment matters​
• tax advice​
• R&D and grant incentives​.

Financial data

• general purpose financial statements​
• quarterly cash flow statements​
• technical disclosures & papers​
• audit management​.

Governance, compliance and outsourced solutions

• automation & streamlining​
• internal controls & approvals​
• best practice processes​
• payroll & team management​
• reporting software​.

Specialised outsourced solutions

Cloud accounting​

The cloud is a platform to make data and software accessible online anytime, anywhere, from any device. Working in the cloud will give you a better overview of your finances and improve collaboration with your team and advisors and support applications for finance via provision of timely information. We can assist with financial management and reporting, software and processes, and regulatory compliance.​

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Maintaining a close day-to-day involvement with your organisation, its performance and key stakeholders, we provide tangible value adds and alert you to critical issues as and when they arise.

Utilising cloud-based accounting software, tailored to your business and incorporating add-on software where required, we will automate processing and develop a fully integrated accounting system. This enables you to make decisions based on accurate, timely and valuable information.

Our full service outsourced finance function can be utilised as an alternative to establishing an in-house finance team, or on an as-needs basis for various operational and compliance needs:

• BAS/IAS lodgements
• bookkeeping
• management accounting
• payroll services
• personal taxes
• Registry and company secretarial services

The post Outsourced services appeared first on SW Accountants & Advisors.

Utilising the cloud as a platform to make data and software accessible online anytime, anywhere, from any device will give you a better overview of your finances, allow you to access real-time financials and enables greater collaboration with your team and advisors, wherever they are.

Choosing the right accounting software is the key. This will allow you to integrate a whole ecosystem of applications – from point-of-sale transactions and inventory, to payroll and human resource management.

We work with the best of these, and can help you migrate your systems seamlessly, delivering greater results so you can spend more time analysing reports and less time producing them.

From micro to large businesses, we are migration specialists that can deliver a completely tailored system for your whole group, regardless of who looks after the day-to-day finance function.

If you’re spending more time on balancing books and financials than growing your revenue, we can help you get back to business.

Remove tedious manual processing, simplify tax time and improve reporting accuracy by working with us to implement an integrated cloud accounting system in your business. Be empowered by the freedom and flexibility our solutions provide.

Designed specifically for your business needs, our cloud accounting solutions offer financial management, data security and online accessibility – anytime, from any device.

An easy-to-use, customised dashboard will give you a clear overview of your current financial position in real time, including the operations of any overseas businesses, and its multi-user access allows collaboration with your management team and advisors.

Download our cloud accounting brochure for more.

Why SW

• expert CPA accountants working across a wide range of sectors and industries
• work with you to find where your efficiency needs are and design a bespoke system
• tested, efficient and effective implementation that keeps your business moving
• provide training and post implementation support for management and staff.

How we will work with you

• review your business and identify areas for improvement
• work through a range of options and solutions, answer questions and set deliverables
• set up systems, install and complete internal testing and troubleshooting
• post implementation review to ensure the system is optimised for your needs
• staff training sessions and ongoing, responsive support.

But will it work with my other applications?

Our solutions allow you to integrate with a whole ecosystem of “add-on” capabilities.

You may already use some of the many great products available in the marketplace such as point-of-sale, e-commerce, business intelligence and debtor monitoring.

Connectivity is one of the most powerful benefits of the cloud, and with our cloud solutions, integrating these with your new accounting software brings all of your capabilities together.

Your cloud solution

Working with you throughout will be one of our expert accountants with the depth of experience to provide you with the best solutions and ensure a fast and easy transition.

Let’s discuss the possibilities

If you would like a demonstration of our Cloud Accounting Service, or have any queries, please contact Rick Hemphill or Steve Allan.

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During this time, I’ve specialised in migration and software adoption, guiding and assisting dozens of clients on the latest and most reliable software stack for their specific needs. We are assisting with the internal processes to see you operating in a totally paperless office, achieving maximum efficiency and automation, and having real time visibility and data that many talk of, but rarely have.

The majority of junior explorers we speak with look for software with a solid market reputation that’s easy to use and familiar to most bookkeepers and accountants. We often see MYOB or Reckon as the likely preferred platforms followed by Pronto for those that have really reached production phases. More recently the likes of Xero and QuickBooks Online have become more prevalent themselves.

Reporting processes

Companies in the junior explorer or small cap mining space need to be aware of additional reporting requirements including to the Department of Mines, preparation of quarterly Cash Flow Statements, consolidation of subsidiaries and dealing with Joint Venture arrangements. These all require the assistance of our favourite tool in Excel, and an adept financial operator to pull together.

This process requires manual effort and processing at every turn as well as regular duplication. Most of these platforms do not give you the layers of reporting to breakdown your data as required on demand.

In this space, we very regularly see shortfalls in operational efficiencies and are charging ourselves with the responsibility to bring this to life for junior exploration companies.

The Solution

Get your processes in the Cloud. We would recommend migrating to Xero and utilising it’s open API and multitude of direct partner integrations to fulfil the various requirements.

We have identified the ideal software stack on page three of the download below and the processes to automate and streamline the entire end-to-end financial, accounting and taxation processes of your business.

We cover all critical items including:

• Mobile app processing of timesheets for geologists and contractors, giving you real time project/tenement based costings
• Streamlined and automated processing of all accounts payable, expense claims and credit card expenditure, including real time tenement allocations
• Paperless, expense and payroll approvals, based on projects, tenements – any approval you want
• Build in fixed asset register for automated monthly depreciation
• Automated and templated Cash Flow Statements for your Appendix 5B, costings for the Department of Mines, Annual Tenement Expenditure reports, etc.
• Online BAS lodgement within the accounting software
• Direct link of mapped Chart of Accounts to Income Tax software that provides tax deferred journal entries and tax return preparation
• Live dashboards in Power BI to be customised and married with your geological data
• Rolling 3 way financial forecasts and budget monitoring
• Consolidated financial reporting for Joint Venture arrangements and subsidiaries – in any currency

The Cost

The software subscription costs detailed in the download below would typically equate to $150 to $300 per month. A no-brainer isn’t it?

* We also capture the notoriously difficult aspect of statutory reporting through cloud-based software for interim and annual reporting and streamline this process. Please reach out if you would like to explore this to facilitate an easier statutory reporting framework.

Contact us

Get in touch via our experts below to discuss how we can help streamline your business.

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