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

02/11/2018

Newsletter November 2018

Inside: Accelerated tax rate reduction for small business The new rules for gift cards – what you need to know Travelling to and from your investment property How tampons became a political debate   1.  Accelerated tax rate reduction for small business Small business is still a vote winner with the Government and Opposition teaming up to accelerate tax cuts for the sector by 5 years impacting on an estimated 3.3 million businesses. Parliament recently passed legislation to accelerate the corporate tax rate reduction for corporate tax entities that are base rate entities (BREs). Under the new rules: A 26% rate will apply to BREs for the year ending 30 June 2021, and A 25% rate will apply […]
05/10/2018
Mid adult woman sitting on floor, leaning on sofa, talking on, using laptop, side view

Newsletter October 2018

Inside: Working from home: What deductions can you claim ? What does the China/US trade war mean to Australia ? Reminder on cents per km car expenses rate New immediate deduction for primary producers Confusion reigns over superannuation transfer balance cap 1.  Working from home: What deductions can you claim? For a while now, the Australian Taxation Office (ATO) has been concerned about tax deductions individuals have been claiming for a whole host of expenses. The latest on their ‘hit list’ are home office expenses.  We guide you through what you can and can’t claim if you work from home. Last financial year, 6.7 million taxpayers claimed a record $7.9 billion in deductions for ‘other work-related expenses’ which […]
06/09/2018

Newsletter September 2018

Inside: 1.  190,000 taxpayers ‘examined’ in ATO online rental blitz 2.  Last minute changes to company tax and franking rate passed by Parliament 3.  Got a HELP debt? The impending changes to speed up your repayments 4.  New domestic violence leave entitlements come into force 5.  Tax ‘safe harbour’ for inherited property 6.  ATO takes its share of car sharing 1.  190,000 taxpayers ‘examined’ in ATO online rental blitz The Australian Taxation Office (ATO) has announced a new data-matching program targeting taxpayers earning income from the exploding popularity of short-term rentals available on platforms like AirBNB and Stayz.  Utilising information from online platform sharing sites matched to information from financial institutions, the ATO is targeting 190,000 individuals to […]
03/08/2018

Newsletter August 2018

Inside: Will Australians pay more for a good cause? Clothing deductions hung out to dry Are you holding back your business? 1. Will Australians pay more for a good cause? In the same month that desperate farmers made headlines preparing to destroy starving flocks and pleading with the public to pay a few cents more for their dairy products, Dick Smith’s nationalistic brand announced its closure. The question is, will Australians pay more for a cause? Comments like “We’re with you” and the 2.8k heart emojis on facebook do very little when you can’t feed your herd. It’s nice there is emotional support and the plight of farmers is recognised but what does it really achieve? Country Valley […]

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