The Newcastle office offers an extensive range of professional accounting, tax & financial planning services to meet the needs of businesses and individuals.

Annual tax compliance and tax assistance: Our team of tax experts can help you stay compliant with tax laws and regulations, file your tax returns and assist with any issues that may arise with the tax office.

Accounting tasks: We can assist with a variety of accounting tasks, such as preparing budgets, forecasting cash flow, and providing financial advice to help you make informed business decisions.
- Annual Financial Reports
- Annual Tax Returns
- Interim Financial Statements
- Business Activity Statements (BAS)
- Fringe Benefits Tax
- Payroll Tax
- Taxable Payments Annual Reporting (TPAR)

We understand the unique needs of small and medium-sized businesses in the area and are dedicated to providing comprehensive accounting services, including Business Tax services, to help your business thrive. We are your go-to experts for Business Tax services in Newcastle. Our team of experienced accountants will help you navigate the complex world of business taxes, ensuring that you stay compliant and minimize your tax liabilities.
For businesses we assist with:
- Business Tax Services
- Annual Business Tax Returns
- Ongoing Business Tax Compliance
- Business Tax Planning
- Business Formation and Structure
- Software Solutions
- Bookkeeping Training, Support, and Assistance
- Payroll Support and Advice
- Accounts Payable and Receivable Assistance

PAYROLL ASSISTANCE
Payroll processing can be a tedious and time-consuming task, especially for businesses with a large number of employees. The Bottrell Payroll Team understands the challenges that come with payroll, superannuation & bookkeeping and are here to help streamline the process for you.
Our Bottrell Payroll Team has the expertise and experience to handle all aspects of payroll, from timesheet management to preparing pay slips. We can even help you implement business systems and software to make the process more efficient. If you already use a cloud accounting system like Xero, MYOB, or Quickbooks, we can process your payroll using the system you have in place.
Outsourcing your payroll to our team will give you peace of mind and free up more time for you to focus on the other essential aspects of your business. Let us take care of the payroll process so you can enjoy more time and less stress.

BUSINESS START-UP AND ESTABLISHMENT
Starting a new business can be an exciting but also complex and challenging process. At Bottrell Accountants & Tax Agents in Newcastle, our team of business accountants, financial planners, and tax agents can assist you in every step of the way to ensure that your business is on the path to success from the very start.
Business Plan Development: One of the most important steps in starting a business is to develop a clear and well-defined business plan. Our team can help you identify your business’s goals, target market, competition, and financial projections and create a plan that will guide your business’s growth and development.
Business Structure Selection: Choosing the right business structure is crucial for any business. Our team can help you understand the pros and cons of different types of business structures and assist you in determining the best structure for your business. We can advise on the best structure whether it’s a sole trader, partnership, company, or trust.
Business Registration: Once you have chosen a business structure, you must register your business with the appropriate authorities. Our team can help you navigate the registration process and ensure that your business is properly registered for an Australian Business Number (ABN), goods and services tax (GST), and payroll tax.
Obtaining Licenses and Permits: Depending on the type of business you are starting, you may need to obtain specific licenses and permits. Our team can assist you in identifying the licenses and permits required for your business and help you through the application process.
Opening a Business Bank Account: Opening a separate business bank account is essential for keeping your personal finances separate from your business finances. Our team can advise you on the best bank account options available for your business and assist you in opening a business account.
Establishing a Legal Presence: Depending on your starting business, you may need to establish a legal presence in Newcastle, such as incorporating your business or registering a trading name. Our team can help you navigate the legal requirements and ensure that your business complies with all applicable laws.

Starting a business can be daunting, but with the right guidance and support, it can also be an exciting and rewarding experience. Our team at Bottrell Accountants & Tax Agents in Newcastle is dedicated to providing comprehensive support and assistance to businesses in the area. We are here to help you navigate the process of starting and establishing a successful business.

At Bottrell Newcastle Accountants & Financial Planners, we understand the importance of obtaining expert accounting and taxation advice when it comes to your rental properties. Whether you’re a seasoned landlord or a first-time investor, our team of experts can help you make the most of your rental property investments and ensure you’re fully compliant with all relevant tax laws.

Some of the key services we offer include:
- Rental Property Tax Returns.
- Tax planning and compliance for rental properties
- Negative gearing advice
- Positive geared property advice
- Maximizing cash flow from rental properties
- Assistance with rental property ownership structures
- Rental PAYG Variations.
- Advice on the allowable Rental Tax Deductions.
- Capital Gains Tax Advice (CGT)
- Rental Property Cashflow.
- SMSF advice for rental properties
With our expertise and experience, we are confident that we can help you achieve your financial goals and get the most out of your rental property investments.

PAYG VARIATION – SECTION 221YD
We understand the importance of cash flow for real estate investors and specialize in helping our clients obtain PAYG withholding variations, which allow them to receive their tax breaks each time they are paid, improving cash flow and making it more affordable to own investment properties.
Benefits of a PAYG withholding variation:
Cash flow: A downward PAYG withholding variation reduces the amount of PAYG tax withheld as it accounts for additional tax deductions, such as tax-deductible expenses and depreciation available from an investment property. This allows investors to receive more cash in their pocket regularly rather than waiting for their tax return every 12 months.
Building a property portfolio: This can be particularly beneficial for those who are looking to build a property portfolio, as it can help them to afford additional investment properties.
Claiming Depreciation: Additionally, claiming depreciation can further improve cash flow.
Tax Return: However, it is important to remember that a PAYG withholding variation, or Section 221YD, doesn’t replace a normal tax return, and investors will still need to visit an accountant at the end of the year to calculate the actual amount of tax.

Our Services:
At Bottrell Newcastle Accountants & Financial Planners, we provide expert assistance and guidance with the application and calculation of Section 221YD and other tax deductions, ensuring that you receive your tax breaks as soon as possible so that you can focus on growing your rental property portfolio.

XERO CLOUD ACCOUNTING

As a leading Accounting firm in the area, we understand the importance of staying ahead in the world of accounting technology. That’s why we are proud to be Xero Accounting Advisors, offering comprehensive services related to Xero Cloud Accounting. Our team of experienced accountants and bookkeepers are here to help you with all your Xero needs, from setup to ongoing support and training. Whether you’re a small business owner or a large corporation, we have the expertise to provide you with a seamless Xero experience. On this page, we’ll explore the benefits of Xero Accounting Software, its key features, and how we can help you get the most out of it.

WHAT IS XERO CLOUD ACCOUNTING SOFTWARE?

Xero is a cloud-based accounting software that provides small businesses with an efficient and effective solution to manage their finances. Xero offers a range of features, such as invoicing, banking, payroll, and tax preparation. This software is designed to save time and help businesses make informed decisions.
Xero Cloud Accounting refers to the use of Xero Accounting Software over the internet rather than through traditional desktop software. This means that your financial data is stored on remote servers, which can be accessed from any location with an internet connection. With Xero Cloud Accounting, you can manage your finances on the go and collaborate with your team in real-time.

At Bottrell Newcastle Accountants & Financial Planners, we understand that Xero can be a powerful tool for your business. But to get the most out of it, you need the right support and guidance. That’s why our team of Xero Advisors provides comprehensive Xero advice, support, and training. We can help you get started with Xero, answer any questions you may have, and provide ongoing support as you use the software.

MYOB CLOUD ACCOUNTING & BOOKKEEPING

At Bottrell Newcastle Accountants & Financial Planners, we provide expert MYOB cloud accounting and bookkeeping services to help businesses in Newcastle. Our team of MYOB advisors has years of experience in providing accounting, bookkeeping, and tax services, making us the go-to firm for all your MYOB needs.

WHAT IS MYOB CLOUD ACCOUNTING & BOOKKEEPING SOFTWARE?

MYOB cloud accounting is a cloud-based accounting software that allows businesses to manage their finances, payroll, invoicing, and expenses online. The software provides real-time access to financial information from anywhere, at any time, making it easier for businesses to manage their finances and stay on top of their game.
MYOB bookkeeping is a cloud-based bookkeeping solution that helps businesses manage their finances and automate routine tasks. It provides real-time access to financial information and eliminates the need for manual data entry, making it an efficient and cost-effective way of managing your finances.

At Bottrell Newcastle Accountants & Financial Planners, our team of MYOB advisors is here to help businesses in Newcastle get the most out of their MYOB cloud accounting and bookkeeping software. Whether you need advice, support, or training, we are here to help. Contact us today to learn more about our MYOB services.

Capital Gains Tax (CGT) is a tax imposed on the capital gain, or profit, made from the sale of a capital asset. This includes assets such as property, shares, cryptocurrency, managed funds, and collectibles.

ASSETS THAT ARE SUBJECT TO CGT ARE:
- Real estate (including your primary residence if certain conditions are met)
- Shares and other securities
- Cryptocurrencies such as Bitcoin and
- Ethereum
- Managed funds
- Collectible items such as art, coins, and jewellery
- Business assets such as goodwill or intellectual property
- Depreciable assets such as equipment or machinery

When it comes to reporting a Capital Gain to the Australian Taxation Office (ATO), it must be reported within the financial year in which the asset was sold. It is reported within the asset owner’s tax return, such as individual, company, unit trust, discretionary trust, family trust & SMSF (Self Managed Superfund). Each structure has different tax treatment & offsets, it is important to obtain expert advice to minimize your tax liability.

It is important to seek the assistance of a tax agent when preparing and lodging your CGT return. A tax agent has the expertise to ensure that your return is accurate and that you claim all the deductions and offsets you are entitled to. Additionally, they can advise on strategies to minimize your CGT liability and ensure that you comply with all relevant tax laws and regulations.

At Bottrell Newcastle Accountants & Financial Planners, we are proud to serve the community of Newcastle and the surrounding areas. As a team of experienced tax professionals, we specialize in providing expert investment and capital gains tax advice to our clients.

Whether you are an individual, a business, or a self-managed superfund, we can help you navigate the complexities of the tax system and minimize your tax liability. Our goal is to help you achieve your financial goals and maximize your returns on investments. With our specialized knowledge and expertise, we can provide you with the guidance and support you need to make informed decisions about your investments and taxes.

As qualified Tax Accountants, we specialize in Investment related taxes – Capital Gains Tax (CGT) & ongoing Investment income tax.

OUR SERVICES:

Capital Gains Tax (CGT) Advice & Tax Returns
- Rental Properties
- Shares
- Cryptocurrency
- Managed Funds
- Income Tax

Dividend Advice
- Trust Income Distribution Advice
- Domestic Tax Advice
- Foreign Income Tax
- Assistance with the tax implications of Negative Gearing

Legal Structures for Investment Ownership: When it comes to investment ownership, there are several legal structures available in Australia.
- Sole trader
- Partnership
- Trust
- Company
- Self-managed Superannuation Fund
Each structure has its advantages and disadvantages, and it is essential to obtain professional advice to determine the best structure for your specific situation.

Why Obtain Advice on Investment Ownership:
- Determine the best structure for your specific situation
- Minimize tax liability
- Maximize investment returns

Ongoing Tax Advice:
- Income Tax
- Foreign Tax
- Capital Gains

At Bottrell Newcastle Accountants & Financial Planners, we are experts in self-managed super funds (SMSF) and offer a range of professional services, including accounting, tax, administration, bookkeeping, and audit. As a full-service accounting firm, we proudly offer financial planning services to our clients.

Self-Managed Super Fund (SMSF):
A self-managed super fund (SMSF) is a private superannuation fund where the members are also the trustees, giving them control over the investment strategy and administration of the fund.

Importance of ATO & ASIC Compliance:
It is important for SMSFs to remain compliant with the Australian Taxation Office (ATO) and the Australian Securities and Investments Commission (ASIC) to ensure that the fund is operating within the laws and regulations set by these agencies, to avoid penalties and ensure the preservation of its assets for the members’ retirement.

Separation of SMSF & individual members:
The SMSF must be kept separate from the individual members and their personal assets, to ensure that the assets in the fund are protected for the purpose of providing retirement benefits for the members.

Our Services: Our firm provides comprehensive SMSF services, including
- SMSF Accounting,
- SMSF Tax,
- SMSF Administration,
- SMSF Bookkeeping
- SMSF Audit.

At Bottrell Newcastle Accountants & Financial Planners, we are dedicated to providing high-quality, comprehensive services to our clients, and our expertise in self-managed super funds (SMSF) sets us apart from the competition.