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

07/11/2019

Newsletter November 2019

Inside:  1.   CGT and the family home: expats and foreigners targeted again 2.   Vacant land deduction changes hit ‘Mum & Dad’ property developments 3.   Calculating Super Guarantee: The new rules 4.   Can the tax office take money out of your account? Your right to know 5.    Are you paying your staff correctly? Woolworths $200m plus remediation   1.  CGT and the family home: expats and foreigners targeted again The Government has resurrected its plan to remove access to the main residence exemption for non-residents – a move that will impact on expats and foreign residents. Back in the 2017-18 Federal Budget, the Government announced that it would remove the ability for non-resident taxpayers to claim the main […]
17/10/2019

Newsletter October 2019

Inside: Super Guarantee Amnesty Resurrected Towards Zero Interest Rates (and what it means to you) Tax alert: Distributions to non-resident beneficiaries 1.  Super Guarantee Amnesty Resurrected The Government has resurrected the Superannuation Guarantee (SG) amnesty giving employers that have fallen behind with their SG obligations the ability to “self-correct.” This time however, the incentive of the amnesty is strengthened by harsh penalties for those that fail to take action. Originally announced in May 2018 and running between 24 May 2018 until 23 May 2019, the amnesty failed to secure its passage through Parliament after facing a backlash from those that believed the amnesty was too lenient on recalcitrant employers. Since the original announcement, the Government reports that over […]
12/09/2019

Newsletter September 2019

Inside: ATO take ‘gloves off’ on overseas income Are all your SMSF eggs in one basket? Rental property expenses – what you can and can’t claim The $11.1bn small business tax shortfall 1.  ATO take ‘gloves off’ on overseas income Five years ago, the Australian Taxation Office (ATO) offered a penalty amnesty on undisclosed foreign income. Five years on, the ATO has again flagged that underreporting of foreign income is an issue but this time the gloves are off. How you are taxed and what you are taxed on depends on your residency status for tax purposes. As tax residency can be different to your general residency status it’s important to seek clarification. The residency tests don’t necessarily […]
09/08/2019

Newsletter August 2019

Inside: Confusion over personal income tax changes – what are you really entitled to? ‘Proof of life’ certificates required for overseas pensioners Why the Government does not want your business accepting cash payments of $10,000 or more FBT and Uber style ride sharing Tax treatment of compensation from financial institutions Weirdest tax deductions revealed 1.  Confusion over personal income tax changes – what are you really entitled to? The recent income tax cuts that passed through Parliament do not mean everyone automatically gets $1,080 back from the Government as soon as they lodge their income tax return. The Australian Taxation Office (ATO) has been inundated with calls from taxpayers wanting to know where their money is and how […]

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