• Welcome to Wallace Partners

  • Focusing on our Clients

  • Helping your business succeed

  • Pro-active and Approachable

  • See What Our Clients Have to Say

Welcome to Wallace Partners - Your Local Gold Coast Accountant

Focusing on our Clients

We love our clients, and it’s important that we understand your unique business and financial situation because it allows us to provide the best service and results to you.  Therefore we offer all new business clients a one hour complimentary consultation with the director.

To take advantage of this offer call us on  07 5526 3888 , and we look forward to meeting you.

Check out our Services below for more information on how we can help you grow, develop & improve your small business.

Know Your Numbers

We excel in knowing your numbers and understanding them, we can help you know them better too. From setting up cloud based accounting and bookkeeping systems such as Xero, MYOB and QBO, establishing a budget and monitoring your business performance, to calculating your income tax and GST obligations on a quarterly basis so you dont get any surprises. Give as a call to discuss how we can help you.

Tax Returns, GST & ASIC

Get your compliance right the first time! Attention to detail is a must to make certain you are getting every tax deduction you are entitled too and you are compliant with the latest tax legislation. Our team attend three hours of training a month, just to ensure we are up to date with all changes. Compliance obligations include your Financial Statements, Income Tax Returns, Business Activity Statements, and ASIC (corporate secretarial) requirements. We service all types of business structures including Trusts, Companies, Partnerships, Individuals and SMSFs.

Your Structure - Company and Trusts Establishment

New to business? Or need a review of your existing structure? We can help you establish the structure for you, including a Company, Trust and Self-Managed Superfund (on the advice of your licensed financial planner).

Structuring is very important for any business, get it wrong the first time and you will pay more tax in the long run and incur costs in restructuring the business.

Cloud Accounting

Our cloud accounting packages are designed around you.

Depending on the package you choose we can be involved as little or as much as you like. Cloud Accounting Packages mean you get more from your accountant, including proactive and timely advice, identify opportunities and issues before they can cause too much harm.

About Us

Wallace Partners was established in 2011, by the director Sarah Wallace. As your local Gold Coast Accountants,  our number one aim is to ensure our focus is always on our clients.

Helping small business succeed is what we do. 

Sarah’s passion is her affordable Small Business Advisory Service. Its very rewarding to see our clients succeed!  It involves a mix of tax compliance work and meeting with clients every quarter to go over the numbers, identify opportunities for improvement and growth, saving on costs, setting and monitoring goals and providing a support system, because sometimes you just need to someone to talk to.

Best of all we know that not everyone is accountant (and that you may not love numbers as much as we do!) we take the time to help our clients understand our advice.

With proactive advice, exceptional service, a fantastic well trained small team of staff that are up to date with the all of the latest tax laws,  you will have the all of the support and guidance you need to help your business be extraordinary!

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Sarah is not only incredibly efficient and helpful, she is always available to answer any questions and genuinely cares about the health of your business.

...
Leanne Hart - Publisher
Publisher Get it Magazine

Sarah is a hands on accountant who takes your business personally. Her business knowledge is impeccable and she gives you 100 per cent in all facets of your business.

...
Greg Ward - Director
CTJ Diamonds & Jewellery

Online retailer of free spirited gifts from nature

Having been a client of Wallace & Partners with my partners business I had no hesitation to choose Wallace & Partners when setting up my new business. We needed honest advice, guidance and a company who has the patience when its...

Suzanne Brown - Founder
House Of The Dragonfly

Wallace & Partners provides Green Leaf Flooring with all the accountancy needs you can expected of running a small business.

Wallace & Partners are a friendly team of professionals that have allowed me to do what I do best in my business by providing me with a personalised...

Paul James - Founder
Provides & installs domestic & commercial flooring solutions.

Sarah has been the perfect find for all of our accounting needs and business advice and support. Sarah has taken the time to get to know us and our business, Sarah and her team place customer service at the top of their agenda and this is backed up with a high level of knowledge you could ever...

Lorena Roil
Roil Earthmoving
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Our Services

We offer a complete range of business accounting services including:

 Affordable small business advisory service to grow, develop and monitor your business, financial statements, tax returns and business activity statements; software set up & training, and much more!

All of our compliance based work is prepared on a fixed price basis, call us for a quote.

Liability limited by a scheme approved under professional standards legislation

Financial Statements

Many business structures, such as a company, a trust or a self-managed superannuation require financial statements to be prepared at least annually, along with the tax return. Your financial statements (including a profit and loss statement and balance sheet), with assistance from your advisor at Wallace Partners should give you much more value than just ticking off a box to satisfy the ATO and ASIC! Thats why every business client of Wallace Partners, on the completion of their financial statements takes advantage of an annual complimentary appointment to discuss their business performance.

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Tax Returns & Tax Advisory

Make sure you are maximising your business tax deductions, know your obligations, lodge on time and reduce penalties. We are focused on innovative tax solutions to help ease the compliance burden and improve your cash flow.

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GST & Business Activity Statements

Do you need help meeting your GST and Activity Statement obligations? We can review, prepare and lodge your BAS, and advise you on the implications of GST on your business & property transactions. As a tax agent our clients are entitled a 28 day extension to lodge and pay your BAS if we lodge it for you.

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SMSF & Superannuation Tax Strategies

Self-Managed Superannuation is becoming more popular as people want to take control of their own money. It’s important your accountant is up-to date with this ever changing area of tax law. We can help you look after the administration of your superannuation fund, including preparing the financial statements, tax return and audit.

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Worker Obligations

Do you need help understanding what your employer obligations to your workers are? Contractors vs Employees, payroll tax, fringe benefits tax, work cover, paying super and how you pay your employees tax?

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ATO Dealings & Tax Debt

There are often feelings of stress and anxiety when you have cash flow problems, let alone throwing dealing with the Australian Taxation Office into the mix as well. Wallace Partners have helped a lot of businesses by negotiating with the ATO on their behalf, getting penalties and interest costs remitted and forward planning. Lets get you back on track and concentrating on growing your business and doing what you are good at!

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Late Tax Returns &/or BAS and Getting up to Date!

If you have one, two, or 10 years’ worth of outstanding tax returns we can help, even if you do not have all of your information. If you have fallen behind in lodging your Business Activity Statements we can get you up to date with those too.

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Know Your Numbers & Quarterly Review

We excel in knowing your numbers and understanding them, we can help you know them better too. Sign up today for our quarterly review program!

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Tax Planning

How important is it to you, to know what your tax bill will be, and how you can minimise it?

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Our Blog

Bonus Article, Taking advantage of the superannuation guarantee amnesty may have one last hurdle

At the time when the superannuation guarantee amnesty measure ran its course (it expired 7 September 2020), the Assistant Minister for Superannuation Jane Hume reported the amnesty resulted in 24,000 employers coming forward, with about $588 billion paid into nearly 400,000 accounts. Businesses that qualified for the amnesty by disclosing unpaid SG before the deadline,...
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Bonus Article – Treasury discussion paper on self-education expenses

Late last year, Treasury released a discussion paper around the announcement in the 2020-21 Federal Budget to allow individuals to claim deductions for education and training expenses they incur where the expenditure is not related to their current employment. This is on top to the FBT exemption already announced for employment-provided retraining and reskilling for...
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Natural disasters and help with your tax

Now that we are into bushfire season, and even flooding events have already occurred, it is perhaps timely to be reminded that as well as the more obvious immediate devastation inflicted on people’s property, destructive events such as fires or floods can also mean loss of income for the many affected people. This can come...
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Our Clients