Individuals

Contrary to belief managing the taxation affairs of some individuals can be complex!  This is usually because they have a financial plan in place and have acquired various types of investments to assist them in achieving the objectives in laid out in their plan. A significant part of achieving any financial plan can lie in ensuring that a person’s tax affairs are managed in a proactive and effective way.  At The Hopkins Group we understand the financial investments that our clients make and as a result we understand what should be reported for tax purposes.  Therefore, our clients never miss out on valuable deductions or returning income because their accountant did not understand the investment that their financial planner recommended.  In fact, our financial planners review and sign off every tax return for all of their clients. We prepare hundreds of individual tax returns every year for our clients across many different professions and we are experts in what types of items they can claim against their employment income.  We pride ourselves on taking the time with clients to ensure they understand what they can claim to ensure that no appropriate deduction is missed.  We do this by asking clients to complete our annual Tax Checklist. For your copy of our latest checklist please click here.   The Hopkins Group assist its clients manage their tax affairs through offering the following services:

  • Tax Compliance
  • Tax Advice
  • PAYG Withholding Variations
  • Salary Packaging
  • Estate Planning

If you would like to contact one of our qualified accountants please click here.

Tax Compliance

The Hopkins Group provides a range of tax compliance services to assist you in complying with your Annual Income Tax Obligations.

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Tax Advice

If you require advice on how the income tax rules apply to your particular circumstances then our team can assist.  We can provide expert advice on your current situation and the most appropriate way to structure your affairs to legally minimise tax.

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PAYG Withholding Variations

Would you benefit from improved cash flow? PAYG Withholding Variations give individuals the opportunity to reduce their pay as you go (PAYG) tax withheld from their pay where they are entitled to substantial deductions on investment income or significant tax offsets.  This means that you don’t have to wait until July to apply for your tax refund, you can essentially receive the immediate additional cash flow by reducing the tax that is deducted from your regular pay.

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Salary Packaging

Salary packaging, also known as salary sacrifice, is an approved tax-effective arrangement where you can restructure your income by using some of your pre-tax income to pay for a range of benefits. As you pay for these benefits out of your pre-tax (gross) income instead of your post-tax(net) income,  you ultimately reduce your taxable income, pay less tax and increase the amount you take home each pay.

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Estate Planning

Your estate is considered to be everything that you hold in your own name and your will is the document which details how you would like this to be left. However, assets which are not held in your own name are not covered by your will.  For example, your superannuation balance or assets held in companies or trusts are not covered by your will.

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Investors

For many people investing in their own name is not always appropriate and as a result they decide to establish other vehicles for holding their investments.  Discretionary Trusts (or family trusts as they are commonly referred to) are the most common structures that we see.  However, many people also setup companies, partnerships and unit trusts depending on their specific circumstances. The most common reasons people establish these other structures are:

  • Tax Minimisation
  • Asset Protection
  • Joint ownership of assets with other parties

The Hopkins Group can assist you with your investment structures by providing the following services:

  • Annual Compliance
  • Investment Administration
  • Tax and Structuring Advice
  • Accounting Software Setup
  • Estate Planning

Annual Compliance

We provide a range of  compliance services to investors to assist in meeting your statutory obligations and reducing your time spent on items that you are not familiar with. Whatever structure you are running our experienced accounting team can help.

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Investment Administration

We provide administration services for investments that are structured or held within an entity; a trust (individual or family), company or partnership. We can attend to everything on your behalf, providing you with the confidence that your financial matters are covered and more time to focus on the things that are most important to you.

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Tax and Structuring Advice

Once your structure is in place it is common to require taxation advice on various transactions or investments that might occur.

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Accounting Software Setup

If clients want to manage their own general ledgers for accounting purposes then The Hopkins Group recommends Xero accounting software. Our team can assist clients in setting up this cloud accounting software to ensure it is used effectively and efficiently.

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Estate Planning

Your estate is considered to be everything that you hold in your own name and your will is the document which details how you would like this to be left. However, assets which are not held in your own name are not covered by your will.

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Business Owners

Running a small business is a stressful and time consuming occupation! At The Hopkins Group we understand this and have designed a range of services that seeks to take as much administration off your hands as possible so that you are free to focus on what you do best, running your business. Most of our clients typically operate their businesses as either a sole trader or through a partnership, family trust, unit trust or company. The Hopkins Group can assist business owners by providing the following services:

  • Annual Compliance
  • Accounting Software Setup
  • Business Advice
  • Tax Advice
  • Asset Protection Advice

Annual Compliance

We provide a range of  compliance services to business owners to assist in meeting your statutory obligations and reducing your time spent on items that you are not familiar with. Whether you are a first time business owner or you’re running your own business at its mature phase, our experienced accounting team can help.

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Accounting Software Setup

If clients want to manage their own general ledgers for accounting purposes then The Hopkins Group recommends Xero accounting software.  Our team can assist clients in setting up this cloud accounting software to ensure it is used effectively, efficiently and correctly accounts for GST.

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Business Advice

At The Hopkins Group we have a wealth of experience working with businesses, assisting them to grow in a reliable and maintainable manner. We provide expert advice and solutions which assist our clients in running and building a successful business.

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Tax Advice

Whether you are setting up a business for the first time or run a long standing organisation  it is common to require tax advice on a multitude of different matters.

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Asset Protection Advice

For many business owners they see their business as their retirement egg.  While this is a sound idea many things can go wrong between business establishment and retirement.  We aim to assist clients to protect their business and personal assets in the best way possible to ensure that in the unfortunate event that something goes wrong not all is lost.

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Our Team

Kezia Eman

Senior Accountant

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Linda Vong

Senior Accountant

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Rachel Williams

Director of Accounting

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