Many businesses and organisations require an audit for regulatory or other reasons. Self-managed superannuation funds also require an annual audit as an ATO requirement.
We aim to add value to the audit by providing suggestions to management that may improve controls and processes.
Our Audit Experience
Lanyon Partners has been providing audit services for 25 years. Tim Kilham and Peter Walton are Registered Company Auditors and we have a number of Registered Self-Managed Superannuation Fund Auditors. Our audit services are provided through Lanyon Partners Audit & Assurance Pty Ltd which as an Authorised Audit Company under the Corporations Act 2001.
Diverse range of audit clients
Our audit clients include businesses in the following fields:
We would welcome an opportunity to discuss your auditing needs with you!
This service facilitates the timely preparation and lodgement of Business Activity Statemants (BAS). Many clients take responsibility for lodging their own BAS and in other cases we provide a full preparation and lodgement service.
Our expert bookkeeping and accountants enjoy working with our clients in the world of cloud bookkeeping including payroll processing.
Technology in many areas of our lives continues to advance rapidly and this applies very much to the accounting profession. Xero, MYOB and Quickbooks Online are all systems that enable efficient bookeeping and accounting records to be maintained. In a growing number of cases these records are now maintained in a cloud environment. This process allows year-end tax and accounting obligations to be completed more quickly and more cost efficiently. In addition live data provides an opportunity for better monitoring and decision making in a business environment.
Our skills, knowledge and experience are often called upon to provide Expert reports that are used in court proceedings. Divorce, business breakdowns and disputes concerning deceased estates are situations where Lanyon Partners may be asked to provide an Expert report.
We are familiar with the relevant court rules and the rules regarding evidence. Lanyon Partners provides litigation support to legal professionals and may deal directly with clients in resolving difficult disputes.
There may be occasions when a forensic accounting service is required. Perhaps there is a suspicion of fraud or a breakdown in systems that may require a re-construction of accounting records.
If a forensic service is necessary our senior and experienced professionals can provide the right level of expertise and give our clients the confidence that is required.
Buying a Franchise
Buying a franchise business is very different to buying any other type of business, as franchising is an industry with its own legislation and specific financial issues. We have provided advice to potential buyers in relation to more than 200 franchise systems. We can help you to make an informed decision about the purchase of the franchise business, the best structure to use and provide ongoing business, accounting and taxation advice.
Setting up as a Franchisor
This is a very specialised area that requires the assistance and expertise of accountants, lawyers, consultants and other professionals. In conjunction with these other professionals, we have provided the accounting, financial and strategic advice that is needed to help successfully set up a franchise. We can provide this advice to you to help you set up a successful franchise system.
Most of us are required to prepare and lodge income tax returns each year. There is a compliance requirement to satisfy taxation laws, but there is also a skill in ensuring that the right amount of tax is paid and no more than is necessary.
A thorough knowledge of taxation laws by our tax professionals enables our clients to get the best service in minimizing tax liabilities.
Where the ATO decides to investigate a tax matter, Lanyon Partners will manage the process in a professional manner to ensure the best outcome.
Property, Liability and Business Insurance
Whether you are a small business owner, farmer or large commercial operation, your time is valuable. We understand this, so we make managing your insurance needs easy by providing you with a single point of contact to look after everything for you. No hassle, no call centres.
We also understand that every business is different and “one size” doesn’t fit all. We take the time to understand your business so that we can best identify the right type of insurance to protect you, your business and your assets.
We are part of the Steadfast Group, the largest combined general insurance broker network in Australia and New Zealand. What this means for you is:
In short, we partner with you to find the right solution for your business.
Personal Income, Trauma and Life
Your biggest asset is you, make sure it is protected.
Lanyon Partners has been designing Personal Insurance solutions for clients for almost five decades.
Our specialists will help you understand the most important types of cover for your current situation and life stage, what level of cover is appropriate and how to make sure that your cover is cost effective, cashflow efficient, and most importantly, accessible when you need it.
Lanyon Partners has been building wealth for our clients for almost 50 years.
Our advisers are able to draw on a range of investments to tailor the most suitable portfolio for each client’s situation.
Many business owners consider the performance of their business only once a year when they receive annual financial statements. This can result in outcomes that should normally be known much earlier.
By using modern accounting technology such as cloud accounting, we are in a position to analyse and report regularly on business performance and to raise issues or trends that may require attention. We can periodically meet with our clients to discuss areas of concern and to consider changes that will lead to an improvement in overall business performance.
Paying bills and maintaining adequate records for tax purposes can often be an unwanted burden. Finding the time for these tasks may be difficult or perhaps elderly people can no longer manage their financial affairs easily.
Lanyon Partners offers both a limited and a full service to administer personal financial affairs. This may include the payment of personal bills, acting as a mail house for the receipt and processing of incoming mail and record keeping. Regular communication is an important feature of this service to ensure that our clients are kept up to date and are consulted when necessary.
With recent research indicating that less than half of Australians currently working will have sufficient savings to support a ‘comfortable’ retirement, ensuring you have the right superannuation arrangements for your situation is more important than ever.
Common superannuation platforms include:
If you have a larger balance, specific investment needs or just a desire to have more control of how your super is invested, an SMSFs may be the best vehicle to achieve your goals.
A team of Lanyon Partners Specialists can provide a TOTAL SMSFs SOLUTION, from set-up and contributions, to investments and strategic planning, accounting, audit and compliance needs.
With over 500,000 funds and rising, SMSFs are a popular solution for Australians to build wealth for retirement, but the extra freedom comes with extra responsibilities that you can’t ignore (the ATO says so). Contact one of our SMSF experts to discuss if this is the right option for you.
How much should you pay to acquire a business? What is a fair price and what conditions should be considered when buying or selling a business?
We have a substantial group of professionals with experience in many industries. We can utilize this experience in preparing expert valuations and provide further advice to our clients relating to these important business decisions.