Set package fees payable quarterly in advance, additional items billed quarterly in arrears
Payment due within 14 days of commencement of quarter
Invoices not paid by due date incur a $50 administration fee
Payments accepted by direct debit, EFT or credit card 

Glossary of Terms

Investment packages glossary
All investment fee packages are only available to entity’s with accurately recorded transactions in Excel or fully reconciled bank accounts or accurate accounting software data file such as MYOB, Quickbooks or Xero.

Core services
Review & preparation of financial statements – 360 Partners compile financial statements from clients accounting software data file (such as MYOB, Quickbooks, Xero, Excel). This includes financial reports such as Profit & Loss Statement, Balance Sheet, notes to the financial statements, directors’ declarations and reports. In the Premium Package this includes a detailed review of the entity’s data in high risk ATO audit areas.
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Preparation of asset finance schedule and reporting requirements – Compilation of an amortisation schedule enabling the calculation and deduction of interest or finance charges on borrowing arrangements such as commercial hire purchase, chattel mortgage or asset purchase arrangements commonly used for acquiring plant, office equipment or motor vehicles.
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Listed investments held – Review of all listed or publicly quoted holdings such as shares and managed funds for inclusion of holdings on the investment entity’s balance sheet. This includes adjustment for additional units received through dividend or distribution reinvestment plans (subject to paperwork being provided). Also includes basic capital gains tax (CGT) events or summarised CGT reports from fund managers / financial advisors. Up to 2 different holdings or CGT events included in the base fee price.
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Unlisted investments held –Review of all unlisted holdings (where a market price is not readily available) such as shares in a private company or units in a unit trust for inclusion of holdings on the investment entity’s balance sheet. This includes adjustment for additional units received through dividend or distribution reinvestment plans (subject to paperwork being provided). Up to 1 unlisted holding is included in the base fee price.
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Basic Division 7A loan assessment (if applicable) – Review inter-entity loans and loans to related parties (directors, shareholders, beneficiaries) to determine compliance with Division 7A including a distributable surplus calculation and basic repayment strategy (by dividends or other). This is a high risk ATO audit area with potentially large penalties and tax compliance costs. Complex analysis and strategies are outside this basic review and may require a separate engagement.
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Preparation and lodgement of income tax return – Preparation and electronic lodgement of the entity’s income tax return. This includes the classification of income and expenses as per ATO determinations and rulings. This also includes completion of all relevant sub-schedules such as dividend and interest schedules, capital allowances schedules and maintenance of franking account (doesn’t include R & D schedule or capital gains tax schedule).
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Activity statements – lodgement, variation etc – 360 Partners will prepare and lodge the entity’s monthly or quarterly instalment activity statements from the entity’s electronic data file or summarised financial information.
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Preparation of minutes of meetings – Preparation of minutes of meetings of directors or trustees to approve financial statements. This includes preparation of any dividend or trust distribution statements as required.
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Preparation of dividend statements – Preparation of dividend statements for dividends paid from a private company to its shareholders for inclusion in the shareholders income tax return.
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ASIC agent, registered office, annual solvency minutes – Appointment of 360 Partners as the ASIC agent (representative) for any corporate entity. We also act as the registered office for the serving of any notices or official company mail. Preparation of annual solvency minutes in line with the ASIC Annual Statement to ensure the company is solvent and compliant.
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ASIC preparation and lodgement of Form 484 – All changes to the ASIC register for a company (directors, shareholders, capital structure, registered office address, main business address and the addresses of all directors and shareholders) must be notified to ASIC within 28 days of the change occurring. Penalties automatically apply for late notification to ASIC of these changes. Clients must notify 360 Partners as soon as any changes to the company register occur and we will notify ASIC with the appropriate form.
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Turnaround time to complete annual engagement – Completion of all annual reporting and compliance obligations within the specified service standard of the relevant plan. This includes financial statements, annual income tax return, minutes of meetings and any other relevant documentation specific to your situation or entity (e.g. BAS amendments where applicable).
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Audit protection fees – 360 Partners provide the entity with cover of our fees up to the dollar value of our fees stipulated in each package. With a significantly increased level of audit activity by the ATO, more and more taxpayers are being audited each year. 360 Partners will provide cover for all our fees up to the limit in each package in the case that the entity is subject to an ATO audit or investigation (audit protection cover does not include third party fees e.g. legal fees, tax payments, interest charges). This cover includes taxation research and advice (case law, tax determinations, seeking a private ruling), meetings, correspondence with the ATO, documentation, work papers, liaison with third parties (e.g. tax lawyers).
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Support services
Telephone support – Access to all our qualified accountants during normal business hours. If we’re unavailable at the time of your call we will endeavour to return your call as soon as possible or no later than the specified service standard of the relevant plan.
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Email support – Full email support for any technical or operational queries you may have within the specified service standard of the relevant plan.
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Meetings – Meetings during business hours within the specified service standard of the relevant plan. Any travel time incurred is incorporated within the annual meeting hours allowance. 
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Additional support hours – Charged at the applicable rate for every hour or part thereof.
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Additional services
Detailed taxation liability forecasting – 360 Partners will review your financial position and all sources of taxable income to provide you with a detailed estimate of the entity’s taxation liability and the timing of these payments. This will greatly assist both businesses and associated parties forecast their taxation liabilities and improve cash flow through effective planning for taxation payments.
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Capital gains tax calculations – Calculation of the capital gain or loss made on the disposal of any shares, managed funds, options or real estate (doesn’t include capital gains or losses on disposal of a business or business unit). Includes application of any capital losses (current year or carried forward losses) in most tax effective order and calculation of capital gain under indexation or CGT concession method to ensure the most tax effective outcome.
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