When most people think of an accounting firm, they think of tax returns and BASs. While that’s certainly part of our job, modern accounting firms offer a broad range of strategic services that can completely transform your financial position — whether you’re an individual, a business owner, or an investor.
Here’s a closer look at the key accounting firm services that go far beyond tax returns — and how they can create real value across your lifetime.
1. Strategic Tax Planning
Tax planning is not just about minimising tax — it’s about timing, structure, and strategy.
A great accountant Melbourne will:
- Identify deductions and tax concessions you may not be aware of
- Use structures like trusts or companies to assist in lowering tax
- Assist with CGT minimisation strategies on asset sales
- Offer pre-30 June planning meetings to forecast and minimise tax
✅ Who it helps: Individuals, property investors, small business owners, retirees, and high-income earners.
2. Business Structuring and Asset Protection
The way your business or investments are structured has a massive impact on:
- Tax liabilities
- Legal liability
- Estate planning
- Access to small business Capital Gains Tax concessions
- Ability to raise capital or exit smoothly
A business accountant Melbourne can advise on whether a sole trader, trust, company, or partnership is best suited to your goals — and help restructure if needed.
✅ Who it helps: Startups, growing businesses, investors, and families managing intergenerational wealth.
3. Bookkeeping and Cloud Accounting
Cloud accounting solutions like Xero, MYOB, or QuickBooks can streamline your recordkeeping and give you real-time access to financial data.
A business accountant Melbourne can provide:
- End-to-end bookkeeping
- Payroll management
- Accounts payable/receivable
- BAS lodgements and GST advice
- Integration with CRMs, inventory, and ecommerce platforms
✅ Who it helps: Time-poor business owners, tradies, online stores, and business owners in general.
4. Virtual CFO and Advisory Services
Need financial expertise but don’t want to hire a full-time CFO?
An accountant Melbourne can offer Virtual CFO services that provide:
- Cash flow forecasting and budgeting
- Monthly financial reports and insights
- Business performance dashboards
- Strategic planning and KPI analysis
- Assistance with loan applications or investor reporting
✅ Who it helps: Growing SMEs, franchises, and businesses looking to scale.
5. SMSF Setup and Compliance
Self-Managed Superannuation Funds (SMSFs) require careful compliance, but also offer incredible flexibility and tax benefits.
An experienced accountant Melbourne (with the correct licence) can:
- Help you set up an SMSF
- Prepare financials and tax returns
- Advise on contribution and pension strategies
- Guide property or other investments within the fund
- Ensure compliance with ATO rules on collectables, loans, and related-party transactions
✅ Who it helps: High-income earners, self-employed professionals, and retirement-focused investors.
6. Estate and Succession Planning
A business accountant Melbourne can work with legal advisors to:
- Ensure your trust deeds, wills, and company constitutions protect and serve your interests
- Minimise tax on death or transfer of assets
- Structure family business transitions to the next generation
- Avoid disputes or unintended tax bills
✅ Who it helps: Families with trusts, companies, business owners, and retirees.
7. Grant and Incentive Applications
Many businesses miss out on government grants and R&D tax incentives simply because they don’t know they’re eligible.
A business accountant Melbourne can:
- Assess eligibility for R&D tax offsets
- Apply for startup or export grants
- Assist with industry-specific subsidies
✅ Who it helps: Startups, tech firms, manufacturers, and exporters.
8. ATO Disputes and Risk Reviews
If you’re facing an audit or dispute, having a team who knows how the ATO thinks can make all the difference.
Services include:
- Audit support and document preparation
- Objection and appeal submissions
- Liaison with the ATO on your behalf
✅ Who it helps: Anyone under review, especially high-risk industries or those with complex affairs.
Final Thoughts
Great accounting firms today are more than number crunchers — they’re strategic partners who can simplify your finances and protect your wealth.
Whether you’re looking to grow a business, plan for retirement, or take control of your investments, the right accounting firm can be the best investment you make. Nobel Thomas is only a phone call away.
