Gibson & Associates – CPA Accountants & Advisors

Expert Accounting, Tax and Business Advisory. Your Strategic Partner in Success

Delivering independent, personalised accounting excellence for over a decade from our Burleigh Heads hub on the vibrant Gold Coast.

Our professional Accounting & Tax services

Our main difference is that we put people first. This approach brings us together and helps us get the right results for our clients. It’s a lot easier to work together when you feel comfortable and able to speak freely, confident that you’re being listened to and that your interests will be well protected.

Business Planning, Cash Flows & Budgeting.

We won’t let you fall into the trap of planning to fail by failing to plan. Together, we will develop a plan and budget that aligns with your future goals.

Learn More

Taxation & SMSF Administration

Take the burden off your shoulders when managing your yearly responsibilities, allowing you to focus on what matters.

Learn More

Business & Tax Structures

Different businesses and investments have different needs and requirements. We implement tax structures that minimise your exposure to unnecessary liabilities.

Learn More

Strategic Tax Planning

Before the end of the financial year, we offer to review your tax position forecast taxable incomes, meet, and provide options and tax minimisation strategies that allow you to prepare and plan ahead.

Learn More

Accounting Software Solutions

Our focus is simple: let’s do things better. We will guide you toward an accounting system that is right for you, and most importantly, we will make it easy.

Learn More

Financial Leadership

We implement systems and procedures, provide ongoing support for your staff, and increase the integrity of your internal reporting, ensuring your business decision-making is as educated as possible.

Learn More

Proudly serving the Gold Coast community for over 15 years

See what our clients are saying

Gibson & Associates have helped our business every step of the way. They are a wealth of knowledge and very approachable. We would highly recommend their services.
Isothermal Service
Isothermal Service
Fantastic accounting firm, from structuring, set up and implementation to ongoing business advice, support and compliance. Can not rate highly enough.
Currimundi Family Doctors
Currimundi Family Doctors
Ron and his team have supported our growing business for the past 8 years. I highly recommend Ron and his team and am very grateful for all of the support and advice that they have provided over the years.
Jane Faulkner
Jane Faulkner
Ron and the team have helped our business move from strength to strength. With their help and business coaching, we have the tools to grow.
I went to Ron with a business plan 2 & 1/2 years ago, Ron and his team helped us set the business up and have been supporting us all the way, I can honestly say our Business would not be where it is today without the help of Ron and his team, 10/10 for service and support.
Maintek Roofing
Maintek Roofing
*****
King Street Medical Centre Murwillumbah
King Street Medical Centre Murwillumbah

What sets us apart

We take a personal, professional approach and don’t believe in compromising quality. Every service, for every client, is done properly and to best of our ability. Our clients are the heart of our business. We know results matter and we understand that the end game is different for each client. So, our focus is on your unique outcome and result.

About Our Team

Our core values are our guiding principles

Our Affiliates

xero-gold-partner-badge-RGB
CPA
myob_logo
download
tpa-logo-2

Our Latest News

Take a look at our lasts posts, resources and articles.

Preparing for End-of-Year Financial Reporting: A Guide for Gold Coast Companies

Read More

The Importance of Financial Planning for Gold Coast Entrepreneurs

Read More

The Benefits of Hiring a Local Gold Coast Accountant for Your Business

Read More

Our frequently asked questions

At Gibson & Associates, we take your questions and queries seriously. Please take a look at some of our most common questions here.

We offer a comprehensive range of accounting services, including:
1. Tax preparation and planning.
2. Bookkeeping and payroll.
3. Financial statement preparation.
4. Business advisory and consulting.
5. GST and BAS preparation.
6. QBCC Reporting and reviews.
7. Tax Planning and Tax structure establishment and registration.
8. ASIC – Corporate secretarial services.
9. Self-managed superannuation fund (SMSF) accounting and compliance.

We offer expert financial guidance tailored to your needs, ensuring tax compliance and utilising tax strategies. With our assistance, you’ll save time, minimise risk, and gain valuable insights to allow you to make sound financial decisions.

We are local, we have a personalised approach, attention to detail, and commitment to delivering outcome-based services. We prioritise building long-term relationships with our clients, providing proactive advice and tailored solutions.

Simply reach out to us via phone or email to schedule an initial free 20 min consultation. During this meeting, we’ll discuss your specific needs and goals, and outline the services we can provide to support you. From there, we’ll guide you through the onboarding process and begin working together to address your accounting needs effectively.

1. Maintain organised records of all your expenses and transactions throughout the year. A separate bank account (for income and expenses) would be ideal.
2. Familiarise yourself with the tax deductions available to you based on your circumstances, such as work-related expenses, self-education costs, and charitable donations.
3. Consider using accounting software or apps to track expenses and automatically categorise deductible items, making it easier to identify potential deductions.
4. Stay informed about changes to tax laws and regulations to ensure you’re aware of any new deductions or changes that may impact your tax situation.
5. Conduct a regular review of your finances throughout the year to identify any missed deductions and take corrective action before 30 June.

1. Capital Gains Planning: Be strategic about when you buy and sell investments to minimize capital gains taxes. Consider holding investments for the long term to qualify for lower long-term capital gains tax rates.
2. Tax Loss Harvesting: Offset capital gains by selling investments that have experienced losses, thereby reducing your overall tax liability. However, be mindful of wash rules, which prevent you from repurchasing the same or substantially identical asset within certain timeframes.
3. Diversification: Invest in a diversified portfolio to spread risk and potentially reduce the impact of taxes on overall investment returns. Different asset classes and investment vehicles may have varying tax implications.
4. Maximise Deductions: Take advantage of investment-related deductions, such as deductible contributions to retirement accounts or investment interest expenses, to reduce your taxable income.
5. Estate Planning: Consider estate planning strategies to minimise estate taxes and maximize the transfer of wealth to your beneficiaries efficiently.

A negatively geared property is an investment property where the expenses (such as mortgage interest, property management fees, maintenance costs, and property taxes) exceed the rental income it generates. As a result, the investor experiences a net loss, which becomes
a tax deduction. Investors may use this strategy to offset other taxable income and potentially reduce their overall tax liability.

This is a great question.
To answer this, we need work through the profit and loss, the balance sheet, and a cash flow. This is often an illuminating conversation and is the foundation and starting point of our Business Development program. As you start to understand income, expenses, assets, and liabilities, it will set you up for future success.a tax deduction. Investors may use this strategy to offset other taxable income and potentially reduce their overall tax liability.

At Gibson & Associates, we understand the importance of optimising your financial situation. Our team works closely with clients to identify personalised tax planning strategies, maximise deductions, and ensure compliance with tax laws, ultimately helping you minimize your tax liabilities

Here are the key requirements for keeping a motor vehicle logbook according to the ATO:
1. Duration: The logbook must cover a continuous period of at least 12 weeks, which is representative of your usage throughout the income year. You can choose any 12-week period, but it’s important that it accurately reflects your usual travel patterns.
2. Details: For each business trip, you need to record the date, odometer reading at the start and end of the trip, the total kms travelled, the reason for the trip, and the details of any business-related stops.
3. Personal and Business Use: You need to differentiate between personal use and business use. Only the business-related kilometers can be claimed as a tax deduction.
4. Start and End Odometer Readings: At the beginning and end of the logbook period, record the odometer readings of your vehicle. This is necessary to calculate the total distance travelled during the logbook period.
5. Regular Updates: Ensure that you update your logbook regularly and accurately for each trip. Delayed or inaccurate entries may invalidate your logbook.
6. Retain Logbook Records: You must keep the logbook and all associated documents for a minimum of five years. This includes the logbook itself, as well as receipts and records related to car expenses such as fuel, maintenance, and insurance.
7. Business Percentage Calculation: Once you have completed your 12-week logbook period, you can calculate the percentage of business use of your vehicle by dividing the total business kilometers by the total kilometers travelled during the logbook period.
Once you have completed a 12-week logbook period and calculated the business use percentage, you can use the logbook to claim deductions for business-related car expenses for up to five years.

Have more questions? Get in touch.

We have been providing Independent, Personal, Professional Accounting Services to the local and wider community from our offices in Burleigh Heads on the Gold Coast for over a decade.

Gibson & Associates is a CPA Practice.
“Liability limited by a scheme approved under Professional Standards Legislation”

Get in touch

© 2024 · Designed by GCWebsites

(07) 5607 0695