ABOUT US

Charlie Shen & Co was originally established as a CPA Practice accounting firm in 2002.
Since November 2017, we have moved to a Certificate of Public Practice (CCP) with Chartered Accountants ANZ (CA ANZ), due to a decision in strategic management.
Our firm is located in the heart of Glen Waverley.
Today our clients represent a broad range of industries varying in size from salaried employees to SME companies.
We offer a comprehensive range of traditional and specialised services in keeping with our clients’ varied requirements.
Contact Us

SERVICES

  • 1

    Business Advisory

    1. Establishment of business entities and group structures
    2. Business plans
    3. Cashflow forecasts, profit projections and budgets
    4. Statutory and management financial reports
    5. Training of finance and accounting personnel
    6. Evaluation of lease,hire-purchase and other finance options
    7. Business compliance services
    8. Advisory services in franchising structures
    9. Business restructuring
    10. Asset protection
    11. Business valuations and investigations prior to purchase, sale or merger
    12. Succession planning
  • 2

    Taxation Consultancy and Compliance

    1. Taxation planning for high net worth individuals and families
    2. Analysis and advice on tax-effective structures
    3. Remuneration planning
    4. ATO administration and compliance
    5. Preparation of income tax returns for all entities, individuals and families
    6. Preparation of business activity statements (BAS) and instalment activity statements (IAS)
    7. Tax audit defence strategies
    8. Tax advice including income tax, GST, capital gains tax and employment taxes
    9. GST compliance and reporting audits
    10. Tax advices on, doctors (GP), specialists, medical and dental practices
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    Companies and financial records management

    1. Maintenance of accounting records including general ledger, debtors, creditors and payroll records
    2. Recording of transactions, account reconciliations and timely reports, including BASs
    3. Maintenance of fixed asset registers and depreciation calculations
    4. Maintenance of client investment portfolios for Capital Gains Tax requirements
    5. Assistance, problem-solving and guidance in accounting/bookkeeping MYOB package
    6. Corporate secretarial services including maintenance of corporate registers and preparation of statutory documents required by ASIC.
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    International Dealing

    1. Setup, maintenance of accounting records, preparation of the periodic financial reports for the companies controlled by the foreign controlled entities, assistance with the auditors’ statutory financial reports
    2. Tax advices on the company’s conduit foreign income and non-assessable non-exempt income from the overseas investments
    3. Assistance with the preparation of documents for overseas subsidiary companies and representative offices
    4. Tax advices on non Australian residences for temporary residents, permanent residents and migrants
  • 22

    Self-Managed Superannuation Funds

    1. Advice on SMSF’s, including establishment and closure
    2. Advice on contributions to and payments from superannuation funds
    3. Mr Charlie Shen is a Limited Authorised Representative (ASIC No.1241961) of Merit Wealth Pty Ltd (Australian Financial Services Licence 409361, ABN 89 125 557 002)



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    Website: www.meritwealth.com.au | Privacy Statement. | Link: Financial Service Guide

UPDATED NEWS

03/05/2019

Newsletter May 2019

Inside: What you can expect after the election Budget 2019-20: The pre-election announcements that are now law A Labor Government on Tax & Super ATO doubles rental deduction audits 1.  What you can expect after the election Headlines only explain so much. In this special update, we examine where the 2019-20 Federal Budget left us, and the pivotal policies from the ALP on tax, superannuation and business. There are no guarantees, however, that any policies or announcements not already legislated will come to fruition – that will depend on the Senate composition. At the next election, 40 of the 76 Senate seats will be contested – 6 in each State and 2 in the Territories. The final Senate […]
07/03/2019

Newsletter March 2019

Inside: Single touch payroll extended to all employers Legislation in limbo Benefits during emergencies exempt from FBT International Women’s Day: Has anything changed? 2019-20 Federal Budget The 2019-20 Federal Budget will be handed down on 2 April 2019. Keep an eye out for our client update!   1.  Single touch payroll extended to all employers From 1 July 2019, single touch payroll – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – will apply to all employers. What employers need to report will also be extended to include certain salary sacrificed amounts. Employers with 20 or more employees have been required to use single touch payroll since 1 July 2018. […]
07/02/2019

Newsletter February 2019

Inside: What would happen if… What the stats say Tax warning on overseas income What changed on 1 Jan 2019 You’ve been scammed, hacked or breached! Latest scams 1.  What would happen if…. Life does not always go to plan. While we logically know that, most of us don’t plan for the worst – it’s all a bit morbid and time consuming. The downside of not planning is the potential for hard earned assets to be squandered, family fall-outs, and money handed to the Government that could have been distributed in accord with your wishes. If you are a business owner, then the stakes are even higher. As a population, planning is more important than ever because: The […]
20/12/2018
Merry-Christmas-A-Pretty-Life

Merry Christmas!

We Wish You A Merry Christmas And A Happy New Year! We wish to advise that our office will be closed from Monday, 24 December 2018 and opened on Monday, 7 January 2019. Best wishes for a very Merry Christmas and a Happy New Year to you and your family! Inside: 1.  No tax deductions if you don’t meet your tax obligations 2.  Contractor or employee? Defining workers in the gig economy 3.  What to do if you engage contractors 4.  The implications of misclassifying a worker 5.  Tax on shares: ATO extends data matching program  1.  No tax deductions if you don’t meet your tax obligations New laws passed by parliament last month directly target the behaviour of […]

CONTACT US


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Business Address:

Suite 21, 40 Montclair Avenue, Glen Waverley, VIC 3150


Postal Address:

C/- Charlie Shen & Co
PO Box 1480
Glen Waverley VIC 3150



E-mail: office@shenaccounting.com.au

Tel: +61-3-9561 1169

Fax: +61-3-9561 1926