Quoting Formula
Estimate the time taken to do a job, if you are unsure ask your manager or a senior practitioner.
Estimate how much time will be spent by whom on the job.
Apply the applicable hourly rate(s) plus GST based on the time that is likely to be spent by each person on the job:
Principle $350 p/hr
Senior Accountant $250 p/hr
Intermediate Accountant $200 p/hr
Junior Accountant $150 p/hr
Graduate Accountant $125 p/hr
Bookkeeper $100 p/hr
Add in any applicable disbursements we are likely to incur e.g. audit fees, phone calls, postage and handling etc (usually set a maximum of $50 for this, except for external audit fees which will be charged out at cost plus 10%)
Value Principal
Use the table below as a general guide to see whether your estimate falls within these ranges.
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Group certificate, no other income, basic deductions, take less than 25 minutes to prepare, does not need to be reviewed by Senior Practitioner
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$165 - $175
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Group certificate plus other income sources such as shares, basic deductions, takes more than 25 minutes to prepare, does not need to be reviewed by Senior Practitioner
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$175 - $200
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Individual and Rental Property
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Group certificates, various other incomes, several deductions and rental property details. Takes more than 1 hour to prepare, needs to be reviewed by a Senior Practitioner
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$200 - $550
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Companies / Discretionary Trusts – Accounts & Income Tax Return
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Small – Category 1
Carpenter with cheque butts and bank statements
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$550 - $2,000
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Small – Category 2
Small company with a few employees. Accounts either by cash book or on MYOB, Quicken or spreadsheet. Must involve interim accounts.
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$2,000 - $4,500
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Medium
Medium company with a reasonable number of employees, computer accounts.
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$4,500 - $10,000
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Large
Large company involves monthly, quarterly and interim accounts.
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$10,000 - $10,000+
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Annual Return fee charged by ASIC
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$212
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Maintenance of Secretarial Register
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$250
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Sole Trader/Partnerships (Business) – Accounts & Income Tax Return
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Category 1
Carpenter with Business Worksheet
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$350 - $850
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Category 2 – Small Business
With a few employees with cheque butts & statements
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$850 - $3,000
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Category 2 – Medium Business
With a reasonable number of employees, computer accounts. Involves monthly, quarterly and interim accounts
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$3,000 - $6,500
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Category 2 – Large Business
Involves monthly, quarterly and interim accounts
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$6,000 - $6,500+
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BAS / IAS / GST – per quarter
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$200 - $600
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BAS / IAS / GST – prepared by client but annual reconciliation required by R&A
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$350 plus time
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Unit Trusts (with Rental Properties) – Accounts & Income Tax Return
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Minimum fee with one rental property
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$600 - $1,500
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More than one rental property
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$800
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Superannuation Funds (self managed) – Accounts & Income Tax Return
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Category 1
With one rental property
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$1,200 - $2,000
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Category 2
Share investments
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$1,200 - $4,200
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Business Activity Statements (BAS)
Minimum fee for electronic lodgment
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$132 + (based on time spent on preparation)
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Cash-flow Analysis and Preparation
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$350+ (based on time spent on preparation)
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Fringe Benefits Tax Return
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$395
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Audit for Super Funds – with share investments and property
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$500 + (based on time spent on preparation)
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Discretionary Trust
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$1,300
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Hybrid Discretionary Trust
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$1,500
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Unit Trust / Hybrid Trust Package
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$2,500
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Self Managed Superannuation Fund
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$1,100
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Note: All set-ups include stamp duty, registration of ABN, Tax File Number and GST – if applicable
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Change to Registered of Business Address of Company
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$165
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Change to Officeholder Details
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$165 (per change)
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Change to Shareholdings
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$255 (per change)
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Change of Trustee of Trust
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$250
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Voluntary Deregistration of Company (includes $33 fee payable to ASIC)
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$250
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Annual Update of Trust Deed
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$350+
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Please note: The above corporate secretarial set up fees are a guide only and prices are subject to change
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