Tell us about your trust

 

Tell us about the Trustees 

Tell us about you

 

SCHEDULE OF SERVICES — TRUST

Please select the services you require

*Trustee and beneficiary personal tax returns are not included in this engagement and are charged separately.

Preparation of financial statements and trust tax return. Fee is based on your annual turnover and assumes clean and up-to-date accounting records.

Annual financial statements include:

- Profit and loss statement
- Balance sheet
- Notes to the accounts

Financial statements are prepared from the books, accounting records and information provided to us, in accordance with generally accepted accounting practice. We will not be responsible for reviewing or verifying financial statements prepared externally, whether via manual cashbooks or accounting software. Correct coding or classification of accounts is outside the scope of this engagement — if assistance is required, please discuss this with us as additional fees will apply.

This service does not include the preparation of accounts for presentation to financiers or other third parties for finance purposes.

Trust tax return includes:

- Prepare your trust tax return and any required supplementary schedules from the information you provide
- Calculate your income tax liability and advise on when and how much is payable
- Advise on interest, penalty and surcharge implications if tax is paid late
- Review the ATO's assessment of your tax and initiate refund claims where tax has been overpaid
- Advise on available tax return claims and elections arising from information you provide, and lodge these if instructed
- Forward all documents to you for review and approval before lodgement
- Endeavour to meet all lodgement due dates, subject to timely receipt of your information and supporting documents

BAS — ACTIVITY STATEMENTS

- Review and reconcile your accounting data for the BAS period
- Identify and apply relevant GST adjustments (including fuel tax credits, - GST on imports and any corrections from prior periods where applicable)
- Prepare GST reconciliation workpapers
- Prepare and lodge your Business Activity Statement with the ATO by the due date
- Advise you of any amount payable or refund due
- Correspond with the ATO on your behalf in relation to the lodged BAS

Our BAS service assumes reconciled and up-to-date records in Xero at the time of preparation. Where records require clean-up before BAS can be prepared, additional fees will apply and will be quoted before work commences.

 A one-off setup fee applies for new Xero environments. Setup includes:

- Configure chart of accounts and tax codes to suit your business
- Set up tax invoice and adjustment note templates
- Connect and verify bank feeds
- Configure payroll settings where applicable
- Set up Hubdoc integration for document capture
- Invite and configure user access levels
- Provide an initial training session to get you started

Xero software subscription is paid directly by you to Xero and is not included in our fee.

XERO BOOKKEEPING

- Enter and/or verify customer and supplier invoices in your accounting software, applying correct tax codes based on your instructions
- Enter and/or verify payments and receipts from bank feeds and other electronic sources
- Reconcile all bank, loan and credit card accounts
- Ensure correct integration of connected business systems into your accounting records (for example, point-of-sale systems or third-party add-ons)
- Prepare monthly reconciliation reports for your review

Our bookkeeping service is based on the use of automated bank feeds directly from your financial institutions into Xero. Where transactions cannot be imported via bank feed and require manual entry from paper or PDF statements, additional fees will apply and will be quoted before work commences.

Any work required outside the above scope must be confirmed with us in writing before commencement. We reserve the right to decline work that falls outside our area of competency and will refer you to an appropriate specialist where required.

XERO PAYROLL

- Set up employees in the payroll system
- Prepare payroll according to your nominated pay frequency
- Lodge STP payroll event with the ATO
- Process superannuation contributions via clearing house and monitor - payday super compliance
- Monitor employee entitlements
- Lodge Tax File Number declarations
- Review, advise and lodge PAYG withholding obligations
- Reconcile end of year wages
- Prepare and lodge STP finalisation including employee income statements
- Roll over payroll year where applicable

We will implement and maintain payroll based on information provided to us. We are not engaged to interpret or apply Fair Work Act requirements or modern award obligations. We can refer you to a Workplace Relations Specialist if required.

PAYROLL TAX (WA)

- Register for payroll tax with Revenue WA where applicable
- Prepare and lodge payroll tax returns according to your nominated lodgement frequency
- Prepare and lodge annual reconciliation to calculate and confirm your annual liability
- Advise on the WA payroll tax threshold and grouping provisions where relevant

Payroll tax obligations are based on information provided to us. We are not engaged to determine whether grouping provisions apply to related entities — we can refer you to a specialist if required.

You may be required to lodge a TPAR if your business makes payments to contractors and operates in any of the following industries:

- Building and construction
- Cleaning services
- Courier or road freight services
- Information technology (IT) services
- Security, investigation or surveillance services
- Mixed services businesses where one of the above applies

TPAR service includes:

- Review of contractor payments made during the financial year
- Prepare and lodge TPAR with the ATO by the due date (28 August each year)
- Advise you of any contractors where ABN details are missing or incorrect

You are responsible for providing complete contractor payment records including ABN, name, address and total amounts paid (gross, tax withheld and GST). Where contractor details are incomplete, we will advise you before lodgement.

ADVISORY SERVICES

We will prepare user-friendly reports and provide strategic advice to help you make informed business decision

NOT INCLUDED IN THIS ENGAGEMENT

- Audit or assurance services
- Legal advice
- Financial planning or investment advice
- Services not listed above or agreed in writing

All services are subject to receipt of complete and accurate information. Complexity adjustments for payroll, Div 7A and bookkeeping condition will be confirmed in your quote. We will advise you before commencing any work outside the agreed scope.

ACCEPTANCE

 

TERMS OF ENGAGEMENT

Your acceptance is recorded electronically via this form. By ticking the acceptance checkbox and submitting this form, you confirm that:

- You have read and understood these Terms of Engagement
- You agree to be bound by them
- You have the authority to bind the entity on whose behalf you are engaging us (if applicable)

The scope of services is as selected in this form. The timestamped form submission constitutes the executed engagement record for both parties.

Cube Accounting Pty Ltd | ABN 66 155 620 054 | TPB Registration 19856001
62 Beaumont Parkway, Success WA 6164

Liability limited by a scheme approved under Professional Standards Legislation