Our Experience

The principal of NetΞquity has a diverse accounting background obtained during the past 29 years and can now provide a wide range of services for clients, some examples being:

	Independent contractor
	Complex business management
	Business migrants
	Estate and aged care
	Vineyard and winery operations
	National Rental Affordability Scheme (NRAS)
	Corporate advisory

Independent contractor

Michael is a qualified heavy plant diesel mechanic who was offered the opportunity to work as a contractor in the remote areas of north west Western Australia. 

For Michael we incorporated a Pty Ltd company with a name of his choosing, obtained a tax file number and ABN for the company and registered the company for GST. 

We then created a simple information transfer system that would enable Michael to forward his financial details to NetΞquity to enable us to prepare and lodge his quarterly BAS and annual income tax return.

Complex business management

The clients are the owners of a liquor store, hotel, TAB, news agency, shopping arcade and various small businesses in a major Western Australian mining town. The separate businesses and associated assets are held by a number of different entities comprising companies, trusts and partnerships.

Because of the substantial cash nature of the various businesses, NetΞquity has established a cash control system and undertakes the preparation and lodgment of quarterly BASs for all the entities. 

To enable the annual preparation of financial accounts and taxation returns from the clients MYOB bookkeeping system, we assisted the client with the installation of a computer network and linked touch screen till system to track the movement of all cash and stock movements between the various trading entities that are at different locations within the town.

Business migrants

Mr D & Mrs D, both being qualified professionals, were new arrivals to Australia  who were looking to purchase a particular type of established business and suitable premises in the Perth metro area.

NetΞquity wrote on a confidential basis to a number of established business that met the clients criteria expressing interest to purchase on behalf of the clients.

Following a due diligence process undertaken by NetΞquity, a successful transaction occurred. We then established the following entities for the business operation including applications for required Tax File Numbers, ABNs and GST registration:

	two non incorporated trading entities.
	a trustee Pty Ltd company.
	a discretionary trust that purchased the business premises and shared equipment.
	a Self Managed Superannuation Fund.

NetΞquity then installed the individual businesses internal bookkeeping systems using Cashflow Manager which included the training of personnel. 

Estate and aged care

The principal of NetΞquity is the executor of the estate of the late Mr S and holds an enduring power of attorney for Mrs S.

NetΞquity initiated and undertook the sale of assets held by the clients holding company to assist with the requirements of finalizing the estate of Mr S and to enable Mrs S to be accommodated in a high quality Aged Care facility. 

NetΞquity then managed the process of selecting a suitable aged care facility and undertook all the required negotiations and legal processes required for Mrs S to become a resident.

Vineyard and winery operations

The principal of NetΞquity was a founding shareholder and senior financial executive of a major Western Australian vineyard and winery business.

This experience gave him a first hand, direct understanding of all the aspects of complex business ownership including:

	large scale agribusiness project development.
	long term complex debt and cashflow management.
	multiple product costing and cost control.
	controlled product licensing and export regulations.

National Rental Affordability Scheme (NRAS)

The Principal of NetΞquity is a founding director and shareholder of Quantum Housing Group Pty Ltd (quantumhousing.com.au), that is an appointed Lead Agency of the Federal and State Governments initiated National Rental and Affordability Scheme and where the key inputs required were to:

	review and interpret the specific legislation governing NRAS together with amendments to the Income Tax Assessment Act that incorporate the operation of NRAS,
	assist with the design of the respective company's business model that best suited the various stakeholders comprising property developers, property managers, dwelling owners and tenants.
	establish internal accounting systems to enable the revenue tracking requirements of supplying rental dwellings into NRAS.

Corporate advisory

The principal of NetΞquity has an extensive business career that includes involvement in a senior corporate capacity and which  includes:

	coordinated and took the leading role in the preparation of a public prospectus that successfully raised $6 million development capital for a Western Australian business.
	was a founding shareholder and director of an unlisted public company that grew in ten years from an asset base of $750,000 to $10 million when he negotiated the sale of the business.
	has undertaken fund raising co-ordination roles throughout Australia for businesses as diverse as Information Technology, Manufacturing and Agribusiness.