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

11/07/2019

Newsletter July 2019

Inside: 60,000 tax cheat tip-offs Super, insurance and exit fees: The 1 July changes Single touch payroll exemption for directors and family members Who owns the assets of a trust? Laundry expenses hung out to dry New pay rates from 1 July 1.    60,000 tax cheat tip-offs Tip-offs to the Australian Taxation Office (ATO) have reached an all-time high with close to 60,000 tip-offs received between June and May 2019 – almost double the number of the previous year. The ATO thinks the number of tip-offs will reach around 70,000 for the full financial year. Common problem areas that people feel obliged to report include suspected tax evasion, illegal phoenix activity, and the black economy. More than […]
20/06/2019

Newsletter June 2019

  Inside: 1. Tax time: Are you in the ATO’s sights? What’s new For you Your business Your trust Your superannuation         2. How to Prepare for a Tax Office Visit 1. Tax time: Are you in the ATO’s sights? A consistent theme this tax time is overclaiming and under reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its data matching approaches, taxpayers can expect greater scrutiny where their claims are more than what is expected. We take a look at the key issues for you, your business and your SMSF. What’s new Live reporting through Single touch payroll Single touch payroll (STP) reporting has changed the way businesses report salary […]
20/06/2019

Single Touch Payroll

1. About Single Touch Payroll(STP) Single Touch Payroll (STP) is a new way of reporting tax and super information to the ATO. If you are using a solution that offers STP reporting, such as payroll or accounting software, you will send your employees’ tax and super information to us each time you run your payroll and pay your employees. The information is sent to ATO either directly from your software, or through a third party – such as a sending service provider. 2. What the changes mean for you? At the end of the financial year, you need to finalise the information you’ve reported through STP for each of your employees by 14 July. If you are unable […]
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 […]

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