Chartered Accountants since 1979
Specialists in small business, self-managed superannuation funds and taxation with our clients involved in a
wide spectrum of professional activities and industries.
Business Advisory
and Accounting
Business Advisory & Accounting
Business advice is a key component of the services provided at Barassi & Co. Our expertise extends through the entire life cycle of business, from formation, running and managing operations, growth and expansion to the eventual sale, closure or succession
Company and Personal Tax Accountants
Tax Accountants
A pillar of the services offered at Barassi & Co is our taxation advice and compliance function.
We provide advice on a variety of direct and indirect taxes, including income tax, GST, PAYG, capital gains tax, fringe benefits tax, stamp duty and payroll tax.
Self Managed
Superannuation Funds
SMSF
Over recent years we have witnessed a significant rise in popularity of Self-Managed Superannuation Funds (SMSF’s) as superannuation has become a vital part of any retirement strategy. The expertise gained over many years of working with SMSF’s can be combined with our working knowledge of our client’s circumstances to implement the most appropriate structure for their needs.
Looking for expert accounting advice? Our team of experienced professionals are here to help you.
Latest News
Concession for testamentary trusts wound back
In the Federal Budget last April, the Government announced it would make changes to the tax treatment of testamentary trusts, and an exposure draft of amendments was released by Treasury at the start of the current quarter.
The assessable income of a minor from a distribution from a testamentary trust is taxed at ordinary rates, rather than the highest marginal tax rate like other passive income received by minors. This has led some taxpayers to inject unrelated assets into one of these trusts to take advantage of the concession that is available to minor beneficiaries of these trusts.
This change will ensure that this tax concession available to minors in these trusts only applies in respect of income generated from assets of a deceased estate that are transferred to the testamentary trust under a will, or the proceeds of the disposal or investment of those assets. […]
Super strategies will soon need to factor in new transfer balance caps
When the legislation to limit the amount that can be transferred into a pension account took effect on 1 January 2017, there was always written into those rules a requirement for the transfer balance cap (TBC) to eventually be indexed.
The legislation, the Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016, provides that the general TBC is to be indexed in increments of $100,000 if the indexation rate reaches a prescribed figure (and this is calculated using a formula set out in the legislation). […]
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What our clients say about us
- Newsletter – December 2019
- Newsletter – November 2019
- Newsletter – October 2019
- Newsletter – September 2019
- Newsletter – August 2019
- Newsletter – July 2019
- Newsletter – June 2019
- Newsletter – May 2019
- Newsletter – April Budget 2019
- Newsletter – March 2019
- Newsletter – February 2019
- Newsletter – December 2018
- Newsletter – November 2018
- Newsletter – October 2018
- Newsletter – September 2018
- Newsletter – August 2018
- Newsletter – July 2018
- Newsletter – June 2018
- Newsletter – May – Budget – 2018
- Newsletter – May 2018
- Newsletter – April 2018
- Newsletter – March 2018
- Newsletter – February 2018
“Barassi & Co have been our accountants and business advisors for over 15 years. They have a detailed understanding of our business and been particularly astute in integrating our business and personal affairs, including setting up our SMSF.The growth and success of our business has been due in large part to their excellent support for strategic planning, timely service and ethical taxation advice. We always recommended Barassi & Co to our friends and business associates and they too have been most happy with the advice and level of service they have received. “
“We have enjoyed a long term trusting relationship with Barassi & Co since 1998. Adam has a great understanding of our business and personal affairs and the ever changing short and long term goals.Adam has always provided us with the necessary accounting and business advice in a format and language that we understand. Adam’s advice during a recent sale of a group of our business assisted us in legitimately reducing our income tax and increasing our income.
For any business to succeed they must surround themselves with the right consultants and professionals and we are glad to have the team of Barassi & Co as part of our integral professional team. It is reassuring to hear our other professional partners praise and complement Adam on his professionalism and thoroughness in their dealings with him regarding our business and personal accounting affairs. In addition to being a highly professional accounting firm, the team at Barassi & Co are genuine, approachable and really friendly people.
“As a healthcare professional, I know these words “Professional, Ethical & Trustworthy” are uppermost in my patient’s mind when they come to see me. When I seek professional help, these values are my guide to assess the quality of the relationship. I have been receiving accounting advice from Barassi & Co for over 30 years and they have demonstrated their capacity to deliver quality service over this time.Continuity of care is important in my profession and maintaining a long-term relationship with a commitment to look after my best interests, is invaluable to allow me to do what I do best – look after my patients.
Word-of-mouth referrals are the lifeblood of my practice and I have no hesitation in recommending Barassi & Co, as I know they will deliver their advice in a professional, ethical and trustworthy manner.”
“The team at Barassi & Co has been assisting Immediacy for several years now and we find them to be responsive, helpful and up to date with the latest taxation information.Our business has benefitted from their insight and desire to assist their clients with the practical and strategic advice.”
“Blockout Blinds have been using the services of Barassi & Co for over 10 years now.What impresses me is their availability when a crisis arises that needs immediate action or advice. They are always quick to respond and help me out. Also, having someone to communicate effectively and efficiently on my behalf with the authorities such as WorkCover and the ATO, allows me to concentrate on growing the business and helps me sleep at night knowing that everything is being handled correctly and complying with the most current laws and regulations.
Barassi & Co have helped me through many situations over the years and my business would not be what it is today without their involvement.”