Boroughs Australia

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Boroughs is a progressive, medium-sized Firm of Chartered Accountants, situated in the Sydney CBD, with a substantial corporate, business and high net worth client base.

Audit & Assurance

Full audit in compliance with the requirements of the Corporations Act 2001;
Preparation of statutory accounts to comply with statutory regulations, if required;
Preparation of non-statutory accounts i.e. large-non-reporting, associations, etc.;
Assurance engagements offering a similar level of confidence to a full audit for branches, divisions or companies not legally required to have a full audit;
Preparation of, or reviews of, interim financial statements or other non-statutory reports (eg those to satisfy banking covenants, etc);
Audit of systems and procedures and reporting thereon;
Special audit, including solicitors and real estate agents trust accounts
Audits of self-managed superannuation funds;
Audits of foreign controlled Australian companies;
GAAP analysis between Australia and controlling jurisdiction;
Financial reporting of taxation compliance, particularly around thin capitalisation rules, transfer pricing and recoupment of tax losses.

Business Advisory Services

Efficient corporate structuring when setting up a new business or restructuring an existing business;
Advice on raising finance for the business;
Managing growth and expansion;
Employee and management incentives;
Extracting profits from the business in a tax-efficient way;
Succession planning;
Exit routes and value realisation.

Corporate Advisory Services

Tax efficient acquisition structuring;
Tax efficient disposal of businesses;
Assistance with raising private equity;
Worldwide debt cap and thin capitalisation solutions for acquisition financing;
Structuring of earn-outs and share-based incentive arrangements;
Financial due diligence;
Drafting and negotiating tax indemnities and tax warranties;
Stamp duty planning and reliefs;
Long-term advice on business exit strategies;
Transaction advice and support;
Advice on structuring floats and MBOs;
Preparation of business plans and financial projections for the purpose of securing finance;
Business valuations, including the valuation of business assets, shares and intellectual property;
Post transaction support and ongoing tax advice

High Net Worth Individuals, Family Office & Outsourcing

Superannuation

Advice on contribution limits and tax implications;
Advice on the taxation implication of superannuation income streams including transition to retirement pensions;
Estate planning to ensure maximum wealth is transferred from one generation to the next;
Advice on the treatment of superannuation in the event of a fund member getting divorced;
Corporate fund administration and advice;
Superannuation fund audits.

Taxation Advisory Services

Tax Compliance Services

Preparation of Tax Returns for individuals, partnerships, companies, trusts and superannuation funds;
Preparation of periodic Activity Statements;
Reviewing tax returns and tax provisions prepared in-house or by third parties;
Advice on tax liabilities and the monitoring of due dates for payment of tax, including liabilities under the quarterly tax instalments regime;
Advice to groups (private and corporate) on managing and minimising their tax liabilities;
Review and recommendations on the appropriate group structures, including the implications of using certain entities and offshore jurisdictions;
Corporate restructuring, including acquisitions, mergers and demergers;
Advice on tax legislation changes impacting on you;
Pre and post transaction advice to maximise tax efficiency and to achieve certainty of tax treatment;
Advice on the impact of international tax legislation, including transfer pricing issues, controlled foreign companies, and double tax agreements;
Advice on Goods and Services tax, Pay-roll tax, Land tax and Stamp Duty

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