- Specialist accountants for Sydney's small and medium businesses.
- info@iconicaccountants.com.au
- Sydney, NSW
From proactive tax advice and bookkeeping through to entity structures, SMSFs and complex compliance matters, Iconic Accountants provides practical accounting support for small and medium-sized businesses across Sydney.
We look beyond what needs to be lodged today and consider how your accounting, tax position and business structure can work more effectively over the longer term.
Every business has different accounting requirements. Some need reliable ongoing bookkeeping and compliance. Others need help with tax planning, restructuring, superannuation or a more complex financial situation.
Our accounting services can be tailored to the areas where you need support, while keeping the bigger picture in mind.
Tax should be considered throughout the year, rather than only when a return is due. We provide taxation advice for small and medium-sized businesses, helping clients understand their obligations, identify legitimate opportunities and plan ahead before important financial decisions are made.
Effective tax planning starts with understanding what your business is likely to earn, what transactions are approaching and how existing structures affect your overall position.
We can review your circumstances before the end of the financial year and consider areas such as available deductions, timing of expenditure, superannuation, business structures and applicable concessions.
Planning early creates more opportunities to make informed decisions while there is still time to act.
Australian tax legislation contains a range of concessions that may be available to eligible small businesses. The rules can be detailed, and eligibility often depends on factors such as turnover, business structure, asset use and the nature of a transaction. We help clients identify concessions that may apply to their circumstances and understand how they can be used appropriately as part of a broader tax strategy.
Tax and superannuation legislation continues to change, making it important to regularly review whether an existing structure remains appropriate. Arun keeps up to date with legislative developments and considers both the immediate tax implications and the longer-term practicality of a proposed structure. The aim is to create arrangements that are defensible, compliant and suited to the way the business actually operates.
Tax advisory can also involve considering the implications of new investments, asset sales, business growth, restructuring, superannuation decisions and other significant transactions. Where another area of professional expertise is required, we can work alongside solicitors, mortgage brokers, insolvency practitioners and other advisers so the accounting and taxation implications are considered as part of the broader decision.
Reliable bookkeeping gives you a clearer understanding of what is happening inside your business. We help businesses maintain accurate financial records while making the accounting process more efficient and easier to manage.
Up-to-date bookkeeping makes it easier to understand income, expenses, liabilities and cash flow without waiting until the end of the financial year. We can assist with the ongoing recording and reconciliation of transactions so your financial information remains organised and ready when it is needed.
Bookkeeping should not create unnecessary administration for a business owner. We can review the way your current accounting processes operate and identify opportunities to make them more efficient, including the use of accounting software and digital systems. Arun has undertaken extensive CPA study in digital transformation and brings this understanding into conversations about how financial processes can be simplified.
Accurate records are useful for much more than compliance. When your financial data is current and reliable, you have a stronger basis for understanding performance, reviewing cash flow, planning expenditure and making decisions about the future of the business.
As a business develops, its bookkeeping requirements can become more complex. We can help establish processes that are practical now while considering the systems and reporting that may be needed as the business changes.
Financial pressure can escalate quickly when tax liabilities, business debts or cash flow problems are not addressed early. We provide practical accounting guidance to help business owners understand their position and determine what steps may be available.
The first step is gaining a clear view of what is owed, when liabilities are due and how those obligations compare with the business’s available cash flow and assets. We can help organise the financial information so the issues can be assessed more clearly.
The appropriate response will depend on the circumstances. For some businesses, the focus may be on improving cash flow and developing a manageable approach to existing liabilities. In more serious situations, specialist legal or insolvency advice may also be required.
Arun regularly deals with insolvency practitioners, solicitors and other professional advisers. Where a situation requires specialist involvement, we can collaborate with the appropriate professionals so the accounting, taxation and financial information needed for decision-making is available.
Early action generally gives a business owner more opportunity to assess the situation properly. If you are becoming concerned about debt, tax liabilities or ongoing cash flow pressure, seeking advice sooner can help you understand the position before making major decisions.
The entity you operate through can affect taxation, administration, asset protection, succession planning and the way profits are distributed. We assist with the formation and restructuring of companies, trusts, SMSFs and other business entities.
There is no single structure that suits every business. A sole trader, company, discretionary trust or combination of entities can each have different taxation and compliance implications. We consider how the business operates, what the owners are trying to achieve and what practical issues need to be taken into account before a structure is established.
We can assist with establishing companies and trusts and provide accounting and taxation support as those entities begin operating. Arun has undertaken postgraduate research into discretionary trusts as part of his Master of Taxation, including comparison with New Zealand trust law. This gives him particularly strong technical knowledge in an area where the taxation and practical implications can be complex.
A structure that made sense when a business started may no longer be the best fit several years later. Changes in profitability, ownership, assets, risk or succession plans can all create reasons to review an existing arrangement. Where appropriate, we can examine the current structure and discuss whether restructuring should be considered.
Restructuring can have taxation, legal and administrative implications. We therefore consider potential consequences carefully and, where required, work with solicitors and other professionals before changes are implemented.
Self-managed superannuation funds offer greater control over retirement assets, but they also come with detailed legislative and compliance requirements. Iconic Accountants can assist with the accounting, taxation and compliance aspects of SMSFs.
Arun has completed specialised self-managed super fund study through the University of New South Wales. His knowledge extends to the operation of SMSFs within the requirements of the Superannuation Industry (Supervision) Act and associated regulations.
If you are considering establishing an SMSF, it is important to understand the responsibilities involved before proceeding. We can assist with the accounting and taxation elements of establishing the fund and help you understand the ongoing administrative and compliance requirements.
SMSFs require accurate records, annual financial statements, tax returns and ongoing attention to regulatory obligations. We can assist with the accounting and taxation work required to keep the fund’s financial affairs properly organised.
Decisions involving contributions, investments, pensions and fund structures can have taxation and regulatory implications.
Where advice outside the scope of accounting is required, we can coordinate with relevant licensed professionals while managing the taxation and compliance aspects of the matter.
Not every tax obligation sits within the annual income tax return. Businesses and property owners can also have responsibilities involving payroll, superannuation, land tax, stamp duty and other state or federal requirements.
Accurate payroll administration is important for both employees and employers. We can assist with payroll processes, superannuation obligations and the accounting records associated with employee remuneration.
Property ownership can create land tax obligations depending on the jurisdiction, ownership structure, property use and applicable thresholds. We can assist clients with the accounting and taxation aspects of land tax matters and help identify when further specialist advice may be needed.
Certain transactions can attract stamp duty or other state-based taxation consequences. Where a proposed transaction may create these obligations, it is important to consider them before proceeding rather than discovering the cost afterwards.
As businesses grow, the number of different reporting and payment obligations can increase. Our role is to help keep those requirements organised so business owners have a clearer understanding of what needs to happen and when.
Accurate accounting is important, but the greater value comes from understanding what those numbers mean for the business.
We use accounting and taxation information to help clients identify areas that deserve attention and opportunities that may otherwise be missed.
Consider available concessions, deductions and planning opportunities before decisions are locked in.
Maintain accurate records so you can understand business performance, liabilities and cash flow more clearly.
Review whether your entities and accounting processes still support the way your business operates today.
Really great service received. Always exceeds my expectations.
Good advice often requires looking beyond an individual tax return, transaction or reporting deadline.
Arun brings more than 25 years of experience across accounting, taxation and auditing to the advice provided to clients.
Postgraduate taxation study, CPA qualifications and specialist SMSF education provide a strong technical foundation for more complex matters.
Our work is concentrated on small and medium-sized businesses, giving us insight into the practical financial and administrative pressures business owners deal with every day.
When a matter involves legal, finance, insolvency or other specialist issues, we can work alongside the relevant professionals to help bring the different parts of the solution together.
Long-term relationships mean a great deal to us. Read what business owners and other professionals have said about their experience working with Iconic Accountants.
Iconic Accounts and Arun have proved a trusted and highly valued service to my businesses and personal wellbeing for many years. Arun is aware of the latest government regulations around taxes and superannuation.
I personally recommend Iconic for anyone with a business, SMSF or personal income tax requirements. I consider Arun a friend and a value contributor to my business and personal financial affairs. Feel free to reach out to me directly for more info.
As a BAS Agent , I deal with numerous accounting firms. Iconic accountants has been my preferred accounting practice for the past 5 years.
You’ll get great service for sole traders up to big business. Arun has always responded to my queries/questions when they arise and continues to look after my clients in a professional and timely manner.
Arun has been our accountant for about 7 years and he has always given us good advise. His trustworthy and just an honest guy. Always happy with his services.
Very good to work with and very responsive to returning calls and emails..
Very professional and very helpful in understanding and getting your business on the right track..
As a sole trader Arun has helped me to manage my tax very well..
Great service