Our clients, big or small, love to work with us.
What we're great at
Virtual CFO
The complete solution for SME businesses and High Net Worth families, Wheelhouse Advisory offers a solution to address the absence of a Chief Financial Officer (CFO) – ‘Virtual CFO’ which provides end to end Financial Control, Compliance and Analysis including:
-
Internal Accounting, Accounts Payable, Receivable
-
Payroll Management
-
Financial Analysis and Board Reporting
-
Bank Covenant and Reporting
-
Running and/or attending Board Meetings
-
Cashflow Management
%20(1).png){kind=spacer}
Business Services & Tax
The backbone of many accounting engagements; Wheelhouse delivers up to date knowledge on tax management strategies to clients across a wide range of industries. Because we are passionate about partnering with our clients, your individual needs and opportunities are well understood by our team as we work with you to ensure that your tax planning is well considered and effectively executed.
We offer cloud enabled Accounting & Tax compliance for Individuals, Businesses & SMSFs. Our qualified and experienced team uses technology such as MYOB and XERO to efficiently manage your compliance, allowing us more time to focus on adding value through structuring, tax planning and strategic advice.
Financial Modelling
Financial modelling is the task of building an abstract representation of a financial position/forecast of a business. We create 3 Way Financial Models (Profit & Loss, Balance Sheet and Cash Flow Statement) to support Mergers / Acquisitions (M&A), Financing, Capital Raising & Covenant Management.
From there, more advanced types of models can be built such as discounted cash flow analysis (DCF model) and sensitivity analysis to name a few.
Our aim when working with you to prepare these models is to achieve the following:
-
Cash flow analysis
-
Understand your working capital requirements and be able to articulate same
-
Forecast financing options
-
Understand drivers, risks and opportunities for your business
-
Stress test assumptions, ultimately bringing credibility and accuracy to the table
-
Build a model that can confidently support a financing, Investment committee, Equity raise or M&A analysis
Corporate Advisory
Many years of operating in Mergers and Acquisitions ensures that our team has the depth of knowledge you would expect at an advisory level. We're here to help you with managing buy outs, partial or wholesale, succession planning, risk mitigation and finance solutions. Our advisory services span the entire business life cycle and we are with you across your entire business journey.
Wheelhouse clients have access to the following services:
-
Mergers & Acquisitions
-
Sale of Business Assets, Shares and/or Units
-
Acquisition Sourcing, Due Diligence & Execution
-
Merger Advice
-
Capital Raising
-
Raising or Arranging Equity Funding – Private Equity, Venture Capital, Pre IPO
-
Raising or Arranging Debt Funding
NFT Projects
Cryptocurrency & Digital Assets
We are an accounting firm that actually understands all things cryptocurrency, blockchain and NFTs.
Wheelhouse Advisory advises successful Australian NFT projects that have launched on the Ethereum and Avalanche blockchains including providing:
-
Structuring advice
-
Advice regarding mulitsig wallet operations
-
Ongoing performance reporting converting on-chain transaction data into easy-to-understand financial reports (breakdown of mint revenue, secondary sales royalties, trading income and expense allocations)
-
Facilitation of board meetings
-
Year-end tax planning
-
Advice and assistance with taxation obligations
We also assist more sophisticated cryptocurrency investors with structuring and meeting their tax obligations. We understand and have experience across different layer 1 and layer 2 blockchains, centralised and decentralised exchanges and NFT investing and trading.
We are an accounting practice in the cloud and on the ground.
Our mission is to help you grow, by applying our expertise and the best technology available, within a work system that adapts to your schedule and location.
We will offer dedicated Accounting, Advisory and Tax services in your office, our office or in the Cloud, with integrity, transparency and relevance to your goals.
Your business matters to us, so we want to support your financial decisions, ease your managerial work, and free your mind from accounting and taxation worries.
Regardless of the kind of business you have or its stage of development, we know how to pitch in on your path to success.
The Dylan Alcott Foundation is a charitable organisation with the core purpose of helping young Australians with disabilities gain self-esteem and respect through sport and study.
Their mission is to help enrich the lives of young people with disabilities by eliminating the barriers of entry and getting them involved in sport and study through mentoring, grants and scholarships.
If you'd like to know more about Dylan and the amazing work he is doing through his foundation, you can head to their website.
.png)
.png)
.png)
.png)
Do I have to be registered for GST?
If you're a business owner, yes, it's your responsibility to register for GST if your turnover exceeds the $75,000 threshold or is likely to exceed it. The ATO advises that if you've just started a new business and expect it to earn $75,000 or more in its first year of operation, you should register for GST. (Feb 15, 2017)
What is the best business structure for me?
Correct business structure will vary depending on your individual needs and objectives. The Wheelhouse team will always take a considered approach to understanding your personal situation and working with you to define a solution that is both cost effective and tax effective.
What accounting software do I require for my startup business?
The backbone of many accounting engagements; Wheelhouse delivers up to date knowledge on tax management strategies to clients across a wide range of industries. Because we are passionate about partnering with our clients, your individual needs and opportunities are well understood by our team as we work with you to ensure that your tax planning is well considered and effectively executed.
Do I need to register my business name?
Recognising that value is more than numbers, Wheelhouse embraces clients with a vision for long term strategic relationships. Our financial advice covers Audit, Taxation & Superannuation, to name just a few key areas. If you have a question, we will deliver the answer supported by well-considered research and experience.
What is Capital Gains Tax (CGT)?
If you sell a capital asset, such as real estate or shares, you usually make a capital gain or a capital loss. The capital gain or loss is the difference between what it cost you to acquire the asset and what you receive when you dispose of it.
You need to report capital gains and losses in your income tax return and pay tax on any capital gains. Even though it's referred to as capital gains tax (CGT), this is actually part of your income tax and not a separate tax.
What accounting software do I require for my startup business?
The backbone of many accounting engagements; Wheelhouse delivers up to date knowledge on tax management strategies to clients across a wide range of industries. Because we are passionate about partnering with our clients, your individual needs and opportunities are well understood by our team as we work with you to ensure that your tax planning is well considered and effectively executed.
Here are some FAQ's
In September, amid a climate of startling interest rates, UK Chancellor Kwasi Kwarteng announced a series of tax cuts, including the reduction of the top personal income tax rate that applies to those earning more than £150,000 from 45% to 40%.
To cut or not to cut? Stage three personal tax cuts
October update
