ABOUT US

Charlie Shen & Co, a CA practice was established in 2002. Our firm is located in 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

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    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

UPDATED NEWS

04/04/2022
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Budget 2022-23 联邦预算 2022-2023

For you & your family 针对个人与家庭 Temporary reduction in fuel excise 暂时降低燃油税 From 从 12.01am 30 March 2022 2022年3月30日凌晨12:01分开始 There are a few jokes going around social media about the price of fuel. 最近社交网站上出现了一些针对油价的玩笑。 As widely predicted, the Government will temporarily reduce the excise and excise-equivalent customs duty rate that applies to petrol and diesel by 50% for 6 months from Budget night. That is, the current 44.2 cents per litre excise rate will reduce to 22.1 cents per litre from Budget night. However, the measure is subject to the passage of the enabling legislation so don’t expect to see a change right away. 正如人们普遍预测的一样,政府将从预算之夜起,将汽油与柴油的消费税和消费税等值关税的税率下降50%,为期6个月。也就是说,目前每升44.2分的消费税将从预算之夜开始降至每升22.1分。不过,该措施取决于授权立法的通过,因此不要期望立即看到变化。 The reduction extends to all other fuel and petroleum based products except aviation […]
09/02/2022
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Tax Deductibility of COVID-­19 Test Expenses 核酸检测费用的税务减免

The Morrison Government is taking action to ensure that COVID‑19 tests (including Polymerase Chain Reaction and Rapid Antigen Tests) are tax deductible for hard‑working Australians, and exempt from fringe benefit tax for businesses, where they are purchased for work‑related purposes. 政府最近正在采取行动,来确保努力工作的澳洲人民做核酸检测时(PCR和快速自检盒)所产生的费用可以用来抵税。而针对企业,若是工作相关,则可以免除员工福利税。   To remove any doubt, the Government will introduce legislation to make clear that work‑related COVID‑19 test expenses incurred by individuals will be tax deductible. This applies both when an individual is required to attend the workplace or has the option to work remotely. 为了消除所有疑虑,政府将引入立法,来明确规定个人产生的与工作相关的核酸检测费用将可以用来抵税。此情况适用于被要求到工作场所工作和选择远程工作的人。   By introducing this legislation, the Government will also ensure that fringe benefit tax will not be incurred by employers if they provide COVID‑19 testing to their employees for work‑related purposes. 通过引入这项立法,政府还将确保企业雇主因为工作原因为其员工提供的核酸检测费用,可免除员工福利税。 […]
08/04/2020
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SME COMMERCIAL LEASING PRINCIPLES DURING COVID-19在新冠期间,中小企业商业租户的法定行为准则(以下简称“准则”)

Purpose 该准则的目的: The purpose of this Code of Conduct (“the Code”) is to impose a set of good faith leasing principles for application to commercial tenancies (including retail, office and industrial) between owners/operators/other landlords and tenants, where the tenant is an eligible business for the purpose of the Commonwealth Government’s JobKeeper programme. 针对那些能够获得联邦政府留职补贴的企业主,该准则将有助于在商业租户(含零售、办公和工业)和房东之间建立起一套诚信的租赁原则。   This Code applies to all tenancies that are suffering financial stress or hardship as a result of the COVID-19 pandemic as defined by their eligibility for the Commonwealth Government’s JobKeeper programme, with an annual turnover of up to $50 million (herein referred to as “SME tenants”). 该准则适用于那些符合联邦政府留职补贴资格的企业们,即受到新冠病毒的影响,且年营业额不超过5千万(下称“中小型租户”)。   The $50 million annual turnover threshold will be applied in respect of franchises at the franchisee […]
16/03/2020
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ECONOMIC RESPONSE TO THE CORONAVIRUS

The Australian Government has announced an economic response totalling $17.6 billion across the forward estimates to protect the economy by maintaining confidence, supporting investment and keeping people in jobs. Additional household income and business support will flow through to strengthen the wider economy. A package of Bills will be introduced into Parliament in the final Autumn sitting week in March 2020 for Parliament’s urgent consideration and passage. Following passage of the Bills through Parliament, the Government will then move to immediately make, and register, any supporting instruments. While waiting for further updates from the Government, we will briefly review the main two aspects impacting the majority of clients: Delivering support for business investment Cash flow assistance for businesses Delivering support […]

CONTACT US


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Business Address:

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



E-mail: office@shenaccounting.com.au

Tel: +61-3-9561 1169

Fax: +61-3-9561 1926