Glenn Pannam Accounting

Your accounting, auditing, and finance professional

NTAA Certified Chartered Accountants

Services

Income Tax

We give advice relating to individual, company, trust and self-managed super fund tax matters. Our individual tax return service extends to real estate investment, share investment and other financial investments to provide a thorough and complete picture of your tax situation. The tax compliance of our clients is very important and essential. Let us help you to ensure your tax returns are lodged correctly and in time.

GST and PAYG withholding tax, Business Activity Statement (BAS)

Good and Services Tax (GST) can be managed in an effective way during the course of the year. We can relieve you from the onerous job of managing your GST and Payroll obligations while you can focus your efforts running your business most effectively.

Small Business Accounting

We work closely with small business clients with their bookkeeping and financial report preparation.

Small business may be eligible for various concessions in tax and accounting matters. Our professional team of accountants will ensure that you attract any and all benefits that you are entitled to.

Tax & Business Planning

At Glenn Pannam Accounting our dedicated team will ensure that you do things right from the outset. We can advise you with the business structure that is tailored and specific to your needs. Our business registration service is one-stop service that prepares the whole package of registration documents required by law. Please remember to seek our advice on the range of business entities which are most suitable for your needs, depending on your personal circumstances and future goals. We can provide advice to setup Sole Trader, Company, Partnerships and Trusts.

Accounting Software

We all have labored through tedious hours of data entry but for you it is not necessary. Save your energy and time! Bookkeeping is basic but needs to be precise and accurate and is fundamental to the preparation of good accounts. Our professional bookkeeping and account maintenance team will help you to keep the accounts accurate and clear. We prepare the BAS, payroll and other tasks while we are doing the data entering which is the most effective way.

We are fluent in accounting software like MYOB, XERO and QuickBooks from the inception to the production of reports. Some of our services may include

  • Accounting Software account setup.
  • Bank Feeding setup.
  • Account allocation and reconciliation.
  • Payroll setup.
  • Accounting report producing.

People

Glenn Pannam CA

Accountant & Auditor

Chartered Accountant (CA)
Member of the Mutuals Audit & Governance Professionals Institute (MAGPI)

Bill Chen CPA

Accountant & Auditor

Certified Practicing Accountant (CPA)
Bachelor of Commerce, Accounting and finance
Master of Applied Finance

Halina Kurek

Accountant

About us

At Glenn Pannam Accounting we offer a range of services tailored to a variety of clients. From large company taxation and payroll management to private clients who want advice how best to maximise their income tax returns. We know how confusing it can be to understand the often changing nature of what deductions are appropriate to your specific circumstances.

Fees

Individual standard tax return

From $150

  • A discount is offered for union members.
  • Share dividends up to 6 transactions included otherwise $10 for every 10 additional transactions.
  • Any additional tax advice or work – fees to be discussed on application.

Consultation and advice

From $160 per ½ hour

Business tax returns

Fees on application.

Company Tax returns

Fees on application.

Our Relationship

We wish to confirm our understanding of the terms of our engagement and the nature and limitations of the services we provide.

This firm provides accounting and taxation services conducted in accordance with the relevant professional and ethical standards issued by the Accounting Professional & Ethical Standards Board Limited (APESB). The extent of our procedures will be limited exclusively for this purpose. As a result, no audit or review will be performed and accordingly, no assurance will be expressed. Our engagement cannot be relied upon to disclose irregularities including fraud, other illegal acts or errors that may exist. However, we will inform you of any such matters that come to our attention.

The engagement will include the operations and procedures of the client as agreed at the time of our consultation.

Our professional services are conducted; and the output document will be prepared; for distribution to the relevant specific organisation or party for the purpose specified in the report or as agreed. We disclaim any assumption of responsibility for any reliance on our professional services to any party other than as specified or agreed, and for the purpose which it was prepared. Where appropriate, our report will contain a disclaimer to this effect.

In conducting this engagement, information acquired by us in the course of the engagement is subject to strict confidentiality requirements. That information will not be disclosed by us to other parties except as required or allowed for by law, or with your express consent.

We wish to advise that our firm’s system of quality control has been established and maintained in accordance with the relevant APESB standard. As a result, our files may be subject to a review as part of the quality control review program of SPA which monitors compliance with professional standards by its members. We advise you that by accepting our engagement you acknowledge that, if requested, our files relating to this engagement will be made available under this program. Should this occur, we will advise you.

Clients are responsible for the reliability, accuracy and completeness of the accounting records, particulars and information provided and disclosure of all material and relevant information. Clients are required to arrange for reasonable access by us to relevant individuals and documents, and shall be responsible for both the completeness and accuracy of the information supplied to us. Any advice given to the Client is only an option based on our knowledge of the Client’s particular circumstances.

A taxpayer is responsible under self assessment to keep full and proper records in order to facilitate the preparation of a correct return. Whilst the Commissioner of Taxation will accept claims made by a taxpayer in an income tax return and issue a notice of assessment, usually without adjustment, the return may be subject to later review. Under taxation law such a review may take place within a period of up to five years after tax becomes due and payable under the assessment. Furthermore, where there is a fraud or evasion there is no time limit on amending the assessment. Accordingly, you should check the return before it is signed to ensure that the information in the return is accurate.

Where the application of a taxation law to your particular circumstances is uncertain you also have the right to request a private ruling which will set out the Commissioner’s opinion about the way a taxation law applies, or would apply, to you in those circumstances. You must provide a description of all of the facts (with supporting documentation) that are relevant to your scheme or circumstances in your private ruling application. If there is any material difference between the facts set out in the ruling and what you actually do the private ruling is ineffective.

If you rely on a private ruling you have received, the Commissioner must administer the law in the way set out in the ruling, unless it is found to be incorrect and applying the law correctly would lead to a better outcome for you. Where you disagree with the decision in the private ruling, or the Commissioner fails to issue such a ruling, you can lodge an objection against the ruling if it relates to income tax, fuel tax credit or fringe benefits tax. You time limits in lodging an objection will depend on whether you are issued an assessment for the matter (or period) covered by the private ruling.

This engagement will start upon acceptance of the terms of engagement by the Client in line with this brochure. We will not deal with earlier periods unless the Client specifically asks us to do so and we agree.

The fee arrangement is based on the expected amount of time and the level of staff required to complete the Taxation services as agreed. This fee arrangement may be subject to change if the following circumstances should occur: change with regard to the engage work. If the fee is to change then the client will be contacted to discuss the changed circumstances..

Fee invoices will be issued in line with a billing schedule advised to the Client Fee Schedule.

Our liability is limited by a scheme approved under Professional Standards Legislation. Further information on the scheme is available from the Professional Standards Councils website.

All original documents obtained from the client arising from the engagement shall remain the property of the client. However, we reserve the right to make a reasonable number of copies of the original documents for our records.Our engagement will result in the production of income tax returns or financial statements. Ownership of these documents will vest in you. All other documents produced by us in respect of this engagement will remain the property of the firm.The firm has a policy of exploring a legal right of lien over any client documents in our possession in the even of a dispute. The firm has also established dispute resolution processes.

Acceptance of our services in conjunction with this information brochure indicates that you understand and accept the arrangements. This information will be effective for future engagements unless we advise you of any change.

Resources

Authority to Receive fee paid from Refund Service

Client Substantiation Declaration form

Credit Card Payment Authorisation Form

Individual tax return questionnaire - 2018

Motor Vehicle Information - 2018

Rental Property Information - 2018

Client Engagement Brochure - 2018

Contact

Contact us and we'll get back to you within 24 hours.

Level 9, 24 Albert Road, South Melbourne, 3205

03 9258 1611

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