Adelaide Chartered Accountants for Businesses, SMSFs and Content Creators

National Accounts is a chartered accounting firm based in Adelaide offering tax returns, tax planning, business advisory, SMSF compliance, corporate compliance, bookkeeping, and lending services to individuals, SMEs, and family offices across Australia.

Level 2, 70 Hindmarsh Square, Adelaide SA 5000. We service clients nationally via cloud accounting.

We work with small-to-medium businesses, high-net-worth individuals, family offices, SMSF trustees, property investors, contractors, and content creators. We advise across a range of structures including companies, trusts, partnerships, and sole traders.

Yes. National Accounts provides end-to-end SMSF compliance including annual returns, audit coordination, contribution advice, pension commencement, and investment strategy reviews. We also provide SMSF property valuations for audit purposes through our affiliated valuation service, SMSF Property Valuations.

We work in Xero for business clients and are a Xero Platinum Champion Partner. SMSFs are administered in Class. If your records are in other software, we can migrate them to Xero.

Yes. We provide proactive tax planning for individuals and businesses, including entity restructuring, capital gains planning before asset sales, Division 7A management, trust distributions, and year-end strategies to minimise tax liability.

Yes. Through National Accounts Lending, we assist clients with business finance, commercial lending, and property finance. Your accountant and your lending adviser work from the same financial picture.

Accounting fees in Adelaide vary based on the complexity of your situation. Individual tax returns typically range from $300 to $800. Small business tax returns and compliance cost between $1,500 and $4,000 per year. SMSF annual compliance runs from $1,700 to $4,000. Complex advisory work involving entity restructuring, capital gains planning, or family office management is quoted on a project basis. The first meeting with National Accounts is free, and we provide a fixed-fee quote after it, so there are no surprises.

Switching accountants in Australia is straightforward. You give your new accountant written authority to obtain your records from your previous firm, and they request prior year tax returns, financial statements, depreciation schedules and BAS working papers. Individuals and sole traders do not need to contact the ATO; the new agent adds you as a client. Companies, trusts, partnerships and SMSFs must nominate the new agent themselves in Online services for business, or by phone on 13 28 66, and the agent then has 28 days to add them as a client. National Accounts manages the rest of the transition, including contacting your previous accountant, obtaining records, and making sure no lodgement deadlines are missed during the changeover.

A sole trader is the simplest structure where an individual operates a business in their own name, with personal liability for all debts and income taxed at marginal rates. A company (Pty Ltd) is a separate legal entity with limited liability. It pays 25% tax if it is a base rate entity, meaning aggregated turnover under $50 million and no more than 80% of its assessable income from passive sources such as rent, interest and dividends; otherwise it pays 30%. A trust is a legal arrangement where a trustee holds assets for beneficiaries, offering flexible income distribution but with more complex compliance requirements. The right structure depends on your income level, risk profile, growth plans, and family situation. National Accounts advises on structure selection and handles the setup, ongoing compliance, and future restructuring as your circumstances change.

A self-managed superannuation fund is a private super fund regulated by the Australian Taxation Office with up to six members. SMSF trustees have direct control over investment decisions, including the ability to invest in direct property, shares, term deposits, and alternative assets. There is no legal minimum balance, but an SMSF carries fixed annual costs for accounting, audit and the ATO levy, so it generally suits members with a larger combined balance who want that control and accept the trustee duties. National Accounts provides end-to-end SMSF services including setup, annual compliance, audit coordination, and strategic advice on contributions and pensions.

Yes. The ATO allows two methods. The fixed rate method is 70 cents per work hour for the 2024-25 and 2025-26 income years and covers energy, internet, phone and stationery; depreciation of equipment and furniture is claimed separately. The actual cost method claims the work-related share of each expense you actually incurred. For the fixed rate method you need a record of the actual hours you worked from home across the whole year, and both methods need bills or receipts. National Accounts helps clients determine which method produces the best result and ensures claims are fully substantiated.

You must register for GST when your business turnover reaches $75,000 (or $150,000 for not-for-profit organisations) in a 12-month period, or when you expect to exceed that threshold. Rideshare and taxi drivers must register regardless of turnover. Registration is optional below the threshold but can be advantageous if you regularly pay GST on business purchases. Once registered, you must lodge a Business Activity Statement (BAS) either monthly or quarterly. National Accounts handles GST registration, BAS preparation, and ongoing GST compliance for businesses across Australia.

Division 7A is a provision in the Income Tax Assessment Act 1936 that prevents business owners from extracting company profits tax-free through loans, payments, or debt forgiveness. If a private company makes a loan to a shareholder (or associate) and the loan does not meet specific ATO conditions, the amount is treated as an unfranked dividend and taxed at the shareholder’s marginal rate. A complying Division 7A loan needs a written agreement in place before the company’s lodgment day, interest at least equal to the ATO benchmark rate each year, and a maximum term of 7 years, or 25 years if the whole loan is secured by a registered mortgage over real property worth at least 110% of the loan when it is made. National Accounts reviews Division 7A positions annually and ensures all shareholder dealings are structured correctly.

Yes. Income earned from platforms such as YouTube AdSense, Twitch subscriptions, OnlyFans, Patreon, and TikTok is assessable income in Australia and must be declared in your tax return. If you are running a content creation business (producing content with the intention of profit), you should also consider registering for an ABN, registering for GST once your turnover reaches $75,000, and lodging BAS. National Accounts specialises in content creator taxation and helps creators manage platform-specific deductions, W-8BEN forms for US income, and entity structuring to reduce overall tax.

Contact your accountant before signing any contracts. Under current law, individuals and trusts that hold an asset for at least 12 months get a 50% CGT discount. From 1 July 2027, legislation passed in June 2026 replaces that discount for individuals, trusts and partnerships with cost base indexation, and adds a 30% minimum tax on net capital gains. The new rules apply to gains accruing from that date, so a market valuation of assets held on 1 July 2027 can matter. Other strategies, some of which change from 1 July 2027, include using capital losses to offset gains, timing the sale in a lower-income year, making concessional super contributions to reduce taxable income, and considering whether the asset should be sold from a trust that can distribute the gain to lower-income beneficiaries. National Accounts provides pre-sale CGT modelling to help you understand the tax impact and identify the most efficient approach before you commit.