• Individual Tax Returns
  • Business Tax Returns
  • SMSF Tax Returns
  • Cash Flow Management
  • Auditing
  • Start-Up Business Advice
  • Accounting Software Packages
  • Bookkeeping, Invoicing & Payroll
  • Recession Proofing & Survival Strategies
  • Business & Risk Insurance
  • Business Succession Planning
  • Family Business Succession Planning
  • Business Financial Management
  • Business Structuring & Tax Planning

Maximum Deductions With A Fast Turnaround Service

Our strategy is to provide clients with timely and accurate advice on tax matters and our personalised service makes sure our clients gain the best possible outcomes.

  • Income Tax returns
  • Goods and Services Tax (GST)
  • Capital Gains Tax (CGT)
  • Fringe Benefits Tax (FBT)
  • Superannuation including Self-Managed Super Funds
  • Salary Packaging
  • WorkCover
  • Obtaining ATO Rulings
  • Tax and Debt Management

Business Tax Returns

We give you back the time and flexibility to focus on running your business by providing a fully customised service to the level needed for your specific requirements.

Our experienced professionals will assist you to simplify the complexities around accounting and taxation for your businesses and your financial operations. We offer our comprehensive accounting and taxation service that enables individuals to gain knowledge and education about their business taxation matters and plan for the future.

What we offer:

  • Accounting guidance and solution implementation
  • Payroll calculation assistance
  • Cash flow analysis
  • Financial management services
  • We keep your business up to date on taxation changes
  • Finding the right accounting software packages
  • Managing and pre prep for a taxation audit
  • Business Start Up Advice
  • Business Restructuring
  • Payroll Tax advice and services
  • Small Business Tax Concessions
  • Bookkeeping services, BAS lodgement and record keeping services
  • Regular meetings on forecasting and budgeting

SMSF Tax Returns

We provide expert advice and ongoing support to individuals who are looking to setup Self-Managed Super Funds, because having greater control over retirement savings leads to a deeper understanding of how your overall wealth is tracking. If you already have a SMSF we can provide you with a robust tax return service where compliance is our priority.

What we offer:

  • Investment Choice – How an SMS fund can provide greater investment options than any other super fund
  • Consolidate super assets - A SMSF allows up to three other members to consolidate super accounts
  • Creditor Protection- Gearing in superannuation what this means
  • Investment Strategies – How assets can be protected from creditors even in the event of bankruptcy
  • Concessional tax environment - We can help trustees grow their super savings and reduce tax payments
  • Preparation of an annual Balance Sheets
  • Preparation of annual Profit & Loss Statement
  • Preparation of annual Member Statements
  • Inclusions of annual Trustee Resolutions & Minutes
  • Preparation and Lodgement of an annual Income Tax Returns
  • Preparation and completion of Annual Audit requirements

Superannuation complexities we can discuss with you:

  • Can your superannuation be structured to provide an on-going pension income for the benefit of your dependent(s)
  • Possible tax consequences of a super death benefit payout
  • Can you direct the payment of your super benefits to your chosen beneficiaries Other areas of Superannuation you may not have considered

Cash Flow Management

Cash flow management is the most important aspect of every business. A healthy cash flow ensures that the business can pay salaries and suppliers on time and have funds for growth and expansion of the business. It is the process of tracking how much money is coming into and going out of your business. Forecasts and budgets help you predict how much money will be available to your business in the future and it also helps you identify how much money your business needs to cover day to day operations.

What we offer:

  • We work with you and offer a range of tools, templates, and checklists to help fast track your business to cash flow positive success
  • We have extensive connections to associates that will give you a bigger grasp on how your business can become cash flow positive and take back control of your business growth plan for the coming years
  • We look at, and help you to make additions to property, plant, equipment, and software and help you to reduce expenses you may already have
  • Information about cash paid in mergers and acquisitions, purchase of marketable securities, and how to manage proceeds from the sale of assets over time
  • Full-service Cash Flow orientation and education with documented procedures to follow
  • Ongoing Cash Flow follow up to assess and check progress
  • Assist with the preparation of financial statements to satisfy bank requirements

Auditing Services:

The objective assessment of information, facts, or data by an Internal Audit is to provide an independent opinion or conclusion.

Our auditing arm provides timely service of Trust Account and Self-Managed Superannuation Funds to ensure all your licensing and compliance issues are dealt with promptly. Should your industry require a qualified auditing professional, Mr Richard Vergona is a fully accredited auditor and has been supporting and auditing businesses across Melbourne for over 40 years. He has become a trusted part of many businesses auditing processes.

What we offer:

  • Accounting standards advice
  • Forensic Accounting
  • Financial Reporting (IFRS)
  • Full Audit Services
  • Consulting Service
  • Assurance and Advisory service
  • Audits for professional associations and industry bodies
  • SMSF Audits
  • Audits for partnerships, trusts, and other organisations with special audit requirements
  • Factual Findings Reports

Industries :

  • Real Estate Agents
  • Accountant Firms
  • Neighbourhood House
  • Bowling Club
  • Real Estate Agency
  • and
  • SMSF Auditing

Start-Up Business Advice


We offer affordable legal, accounting, funding, grants & finance advice to help you start up your new business. We cover areas for business purchase, franchising, new business, and business succession.

What we offer:

  • Free consultation to discuss your needs
  • How to earn while you build your business
  • Drafting a business plan
  • Implement the right tools for your growth strategy
  • Nurture your network
  • Money Management
  • Bookkeeping solution to suit your new business

Accounting Software Packages

We can help you to compare leading small business accounting software solutions to find the right product for your business. Working with Xero, QuickBooks, Reckon and MYOB we can give you the best solution for your industry type and business size. We can work with any product software you may already have and help you to achieve the best results for your accounting needs.

What we offer:

  • Free consultation to help you decide what software will best suit your business
  • Help to acquire and implement your software
  • Training
  • Bookkeeping services
  • Help to intergrade your new software into your business
  • Working with you to educate on the best bookkeeping strategies

Software we Recommend

It's now seriously easy to do your invoicing, bookkeeping and billing as Intuit QuickBooks Online software gives you the things you need most to run your small business, all in one place.

Reckon is an Australian software company that provides desktop and cloud-based accounting software for accountants, bookkeepers, small to medium businesses and personal users.

Accounting software with all the time-saving tools you need to grow your small business. Xero is secure and reliable and our experts are here to support you 24/7.

MYOB, Mind Your Own Business, is an Australian multinational corporation that provides tax, accounting and other business services software to small and medium businesses.

Specialist services and training can be provided to get you covering areas such as payroll, inventory, GST, accounts receivable and accounts payable, or let us do it all for you.

Bookkeeping, Invoicing & Payroll

We provide our clients with our expert bookkeeping services. An advantage of using our bookkeeping service is the close working relationship maintained between all of our Accountants and Bookkeepers, which gives both greater control, and efficiency come tax time. Our Bookkeeping team are here to support your business and are happy to answer all your questions to help you manage your financial requirements. A trustworthy group of profesionals who are by your side every step of the way makes good business sense.

What we offer:

  • Tailored bookkeeping services to suit your needs
  • Quarterly and monthly reporting for business activity statement preparation
  • Lodgement only services
  • Payroll services
  • Xero, MYOB, quick books, and other software, we can fit in with you
  • Cash flow management solutions
  • Tailored bookkeeping services to your needs
  • Accounting software training

Training can be arranged to get you up and running covering areas in your business such as payroll, inventory, GST, BAS, accounts receivable and accounts payable, or our bookkeepers can take care of it all for you.

Recession Proofing and Survival Strategies

Staying calm, balanced, and future-focused can be hard work. We ask the tough questions and find out what you would want your company to look like at the end of a recession period and then work with you on how to achieve those goals.

We cover areas such as:

  • Assess your current position
  • Train you to treat cash as king
  • Practical tips on prudent pruning over aggressive cost-cutting
  • Creating helpful service options to gain a balance in your finances
  • Setting goals now for the future
  • Recession proofing tips and tricks
  • Strategizing worst case scenarios
  • Detailed reporting on best practice strategies

Business & Risk Insurance

In insurance terms, risk is the chance something harmful or unexpected could happen. This might involve the loss, theft, or damage of valuable property and belongings, or it may involve someone being injured. There are generally 3 types of risk that can be covered by insurance: personal risk, property risk, and liability risk.

What we offer:

  • Work with you to identify the risks
  • Uncover, recognise, and assess the risks that might affect you or your business
  • Analyse the consequences that may arise
  • Once risks are identified a list is created to determine the path forward
  • Evaluate and rank any potential impacts
  • Evaluation will lead to risk treatment and processes being implemented

Business Succession Planning

Succession planning involves making decisions about who will lead your business into the future, and who will take ownership of it. To navigate the road to retirement, you must first map out your destination. We create objectives that include baseline performance, targeted performance, and an established date for achieving your objective. In our experience, families should look outside the company for succession advice because as families grow, they inevitably become more complex. We believe with external help they can talk openly about plans for the future. Get in touch with our accredited business adviser to get your succession plan started.

What we offer:

  • Identify Key Areas and Positions
  • Determine Your Investment Styles
  • Choose an Appropriate Investment Plan
  • Gain knowledge of how to set up a transfer plan
  • Identify Capabilities for Key Areas and Positions
  • Valuation of the current business to give you insight into determining the value of your business overall
  • We include Easy-to-Apply Strategies and offer powerful solutions

Business Financial Management

With a close working relationship between Vergona Randsmith Accounting and our financial arm, we look into your savings, wealth, liquidity, risk ,credit, payments, and policies to see where your currently situated and then work with yourself and our associates on areas such as:

  • Savings functions
  • Wealth creation
  • Net worth
  • Financial wealth vs personal wealth
  • Net financial wealth
  • Wealth holdings
  • Liquidity
  • Offer advice and services that will suit your exact needs

Business Structuring and Tax Planning

The importance of a business structure is simply that it's the foundation or backbone of any company. The truth is not enough business owners take time to create the correct structure and flow for their business. The old saying is that if you fail to plan then you plan to fail. It's not just about your business structure, it's also about creating awareness around your taxation position, strategic operations , and planning for the future of your business.

What we offer:

  • Setup for a tax effective structure to legally minimise your tax and protect your personal assets
  • Setup for an accounting system that ensures all your data is tracked accurately and prepared in an understandable format to help you make educated decisions
  • Establishing good business practices to make sure your information and compliance is always up to date
  • Allocation of key areas like your financial management and bookkeeping to trained professionals where necessary. This allows you the opportunity to concentrate on what you do best in your business
  • Succession planning so that you can step out of your business even if it's just for a holiday without any concern that it will 'all collapse' as soon as you take a week off
  • Cash flow analysis to see where you money is going
  • Asset Viability Reports to ensure that you can improve your growth enough to cover the costs outlaid over time
  • Financial Reports that show a clear and positive picture of your business for Banks and Mortgagors
  • Accounting or bookkeeping systems implementation and training

As a fully qualified Chartered Accounting firm with more than 45 years' experience, Vergona Randsmith is a great investment for any business looking to understand their taxation and growth options

Cash flow

Make sure you ask about how your business can stay cash flow positive

Strategic Planning

Be sure you have a strong strategy in case you unexpectedly need to take time off. Ensure that your business can continue to operate under pressue

Finance

Do you have financial management in place to ensure your business will survive no matter what comes your way?


We Put You First

At Vergona Randsmith Accountants, we are committed to helping you get the best out of your business. We want to help maximise your wealth. We offer services targeted to improving your business knowledge and helping you find tax reduction solutions.

Our free consultation process is targeted to improving your business and will offer education and insight to gain momentum forward.

Contact Us to Learn More