CapitalQ helped me get off the 9 to 5 treadmill and effectively retire from real work in my late twenties.
I am a property person through and through. I believe there is no better way to build genuine wealth than via property. I have undertaken residential property investing and residential property developments (large and small) and as a result effectively retired from real work in my late 20s.
Throughout that time Duncan and the Team at CapitalQ have been my partners (both as advisers and at times literally by taking interests in my projects). I would recommend to anyone thinking about venturing into property investing to ensure CapitalQ are part of the process and watching your back.
You need sound personal budgeting, investment analysis, project costing, appropriate structuring, short term and long-term tax planning and ongoing tax advice (and not just covering Income Tax but also GST, Land Tax, Stamp Duty, the list goes on). CapitalQ know all aspects of the property game, and have the hands-on experience as well.
Many think property investing is easy, but I can assure you, without the right partner providing the right advice, you will come undone.
Property Investor and now owner of Xceed Real Estate
Providing the Financial Sounding Board to Grow a National Business
CapitalQ provides important services for our business by assisting us in relation to a wide range of financial and business growth matters on a consistent and ongoing basis.
Specific support has included: implementing easy to read monthly financial management reports; identifying significant tax saving strategies (including an annual saving of nearly $30,000 a year on Payroll Tax); recommending and implementing business changing cloud-based software platforms; and streamlining our internal accounting and bookkeeping processes.
This support has meant that CapitalQ has effectively become our financial sounding board so we can make informed strategic decisions about our business. This in turn has allowed us as Directors to focus on expanding our business to a national presence (currently three States and growing).
Nigel Dennis & David Lunn
Co-Founders and Directors of BidWrite (Australia’s Leading Specialist Tendering Consultancy)
Relieved me of a huge burden, and now keeping my affairs in order and up to date
I came to CapitalQ having experienced substantial business difficulties with my business partner and having been the loser from an Accountant who took sides.
I had substantial overdue obligations and the ATO were closing in.
I was also highly fearful of my unknown tax position with substantial tax debts likely.
CapitalQ went above and beyond to address all issues within my affairs, to bring me entirely up to date with the ATO, and to ensure my resulting tax bill was barely a scratch on what I had feared.
They are now keeping my affairs up to date and in order and my stress levels are non-existent relative to those pre-CapitalQ times.
Fewsters Farm Honey
I was headed for ATO disaster… but thanks to CapitalQ we nipped it in the bud
I know everything there is to know about the services my business provide, and I know how to do it well and how to grow my business.
But I know little about, and don’t want to know about, the tax and accounting and administrative side of things.
As a result I was always behind, always struggling with paperwork and administration that I never came close to managing or getting on top of. CapitalQ worked with me to get my head above water, then to streamline that side of my business and manage much of it for me. A huge weight was lifted from my shoulders, my stress levels completely subsided and life was great.
The result … an unsolicited buy-out offer for my first business (which I accepted) helping to set up financially me and my family for life.
I have now started my second business, and they are doing it all over again. Business profits are growing, and I am once again fighting off suitors!
Founder and Director of Home Loan Republic and Finance for Fitness
My worst nightmare was an ATO audit… when it happened, the Team at CapitalQ resolved all the issues painlessly
I recently received the dreaded notice from the ATO that my business affairs were to be reviewed (a nice way of saying audited).
As you can imagine I was immediately pretty stressed and anxious as to what would be involved and what the outcome could be.
But CapitalQ handled the whole process so efficiently and professionally, they were able to answer all of the ATO questions and requests for information in a manner that meant further questions and requests for information were not required.
This meant that the ATO quickly felt comfortable with what was presented to them and that I was doing all the right things and that there was nothing to be gained by digging further (which there wasn’t, but still, you don’t want them digging further if you can avoid it).
Personal and Business details withheld for commercial confidentiality reasons
They could see a way through our troubles, and the result … a Multi-Million Dollar buy out I hadn’t dreamed possible
When I came to CapitalQ my business was experiencing extreme difficulties and I had been advised to place it into liquidation.
Luckily for me the CapitalQ Team were able to see a way through our troubles and they worked diligently and patiently with me over the coming weeks, months and years to help me turn my business fortunes around, to get my tax affairs in order and to get my substantial tax debts under control.
The end result … I have recently sold out of my business having achieved a multimillion dollar sale price that I would not have dreamed possible when I first went to see CapitalQ.
I can’t thank the Team at CapitalQ enough, the difference they have made to my, and my Family’s, life is immeasurable.
Personal and Business details withheld for commercial confidentiality reasons
The Team at CapitalQ are lifestyle creators!
Sure over the past 20 years (Duncan was my advisor even before he started CapitalQ) they have saved me huge amounts of tax and helped me build wealth through property and self-managed superannuation, but the most significant thing they have done for me most recently is take all of my accounting and related record keeping and administration headaches and obligations off my hands.
It has allowed my business to become incredibly easy to operate and manage, and has freed up my time to do the things I want to do, most specifically travel as much as I want!
Mike and Jane Gray
Exploration Data Services
Recent advice directly resulted in a $10k to $15k increase in our bottom line PER MONTH!
We have worked with the Team at CapitalQ for some 12 years now, and they have been an invaluable, irreplaceable partner in our businesses and wealth building.
Every year CapitalQ go all out to help minimise our taxes and over the years the total savings are substantial. The strategies put in place will continue to save us tax each year well into the future.
They have also made substantial contributions towards increasing our profitability.
There are two very specific pieces of advice we have received that each directly resulted in immediate, substantial increases in profitability.
The most recent such piece of advice resulted in an instant
$10,000 to $15,000 PER MONTH improvement in our bottom line!”
Mike and Rachel Henderson
Henderson Shearing and Badgingarra Roadhouse & Tourist Park
CapitalQ relieved me of a substantial burden…
I engaged Duncan and the Team at CapitalQ as I quickly identified their exceptional tax knowledge and ability to think proactively and formulate solutions to a variety of tax problems.
They have helped me through complex tax issues stemming from the sale of businesses as well as the sale of investment properties and my financial position is significantly improved as a direct result of their never give up attitude to finding tax savings.
They now manage all aspects of my current businesses’ daily accounting and tax, relieving me of a substantial burden and allowing me to focus my time and energy on expanding my business interests.
Scott Group of Companies
We admit we were sceptical, but we are very glad we overcame our hesitations and joined the CapitalQ Community
We had been with our previous Accountant for years, literally 20 plus years, and we thought things were fine, things worked the way they had to and we thought we were happy.
So when CapitalQ presented to us we were very sceptical. We hate dealing with tax and accounting matters, and we couldn’t think of anything worse than making a change.
Boy were we wrong because the things CapitalQ have implemented have improved the way our business operates out of sight, and made life so much easier for us.
We spend much less time on our business administration and we have Kapil and CapitalQ to thank for that!
John and Sina Sceresini
The CapitalQ Team have assisted us from the very beginning of our business idea.
They have seen us through the initial structuring including the establishment of three separate entities, the long and arduous process of concept proof and licensing, commencing operations, a complicated and drawn out business merger and ultimately a multimillion dollar buy-out! At every step they have ensured all bases are covered and our best interests were being met.
Now they have helped us pay the absolute legal minimum amount of tax possible on what is a substantial amount of money earned from the sale of our business. We estimate the tax saving to be in the vicinity of $200,000 or more. This has included fighting on our behalf, and winning, when the ATO tried to tax us more than CapitalQ felt they should.
The tax saved is allowing us to make provisions for our children for long after we have gone.”
Rosie and Wally Moroz
Foundation Directors (and Now Formerly) of Blackwood River Clinic
A significant medical invention with a potentially large international royalty stream was a great step towards financial independence, but we had no idea of how to manage the finances or tax implications.
CapitalQ guided us through the process of setting up a business including utilising Trust structures, resulting in a significant increase in the after tax financial returns from the invention.
They now care for our entire family’s tax issues and returns.
We could not be happier
Dr Chris Mitchell & Ms Kirsty Browne-Cooper
2017 was a bumperyear, that meant a big tax bill, or it would have if it wasn’t for CapitalQ
After a former business partnership fell apart, we needed help to restart and rebuild. That’s when we met Kapil, Duncan and the CapitalQ Team. They helped us get two new businesses off the ground and they have helped us achieve efficiencies and profitability in a very short time frame.
In fact 2017 exceeded our expectations and while that meant we could buy our first super car (a Lamborghini Gallardo) that also meant we would be looking at a substantial tax bill.
But Kapil and the Team went all out to come up with plans to help minimise our tax bill for the year and allow us to keep investing in our businesses (and our toys) 😉
Based on our past dealings with other Accountants, we never knew the difference a good Accountant could make. We couldn’t have done it without them and we can’t recommend the Team at CapitalQ highly enough!
Ryan Shreeve & Tara Thomas
Founder and Director VRN Cleaning & Founder and Director Eeve Security Services
Working with CapitalQ business accountants in Perth helped to take some of the pressure off what was a very stressful time. They have always been patient and helpful, and explain things in terms we can understand. They have helped us to take our complicated business structure and make the accounting side of it manageable and much more efficient. We look forward to continuing to work with CapitalQ in the future and to the benefits that this will bring to our business and our peace of mind.
I would like to reiterate my personal appreciation for your time and effort toward my business.
As I first explained, due to my circumstances, preparing to deal with the ATO has been an ongoing struggle.
My primary fear was not being treated with the professionalism I required as my situation was “complex” in my mind.
My business may have been simple to you, but the fact you treated it as any other business big or small, gave me confidence that I was in good hands.
As I reviewed the documents, I was only smiling, and in some parts laughing. So you really have done a spectacular job!
Bringing in Duncan has been an excellent decision for my business. With their guidance we implemented WorkFlowMax and Xero, both of which have significantly streamlined our processes. Combined with the monthly management support I’ve been able to focus more on our core business and increase efficiency.
I highly recommend Duncan and the CapitalQ Team to all those seeking a Business Accountant in Perth, WA.
Director - Soilwater Group
I am very happy to be able to write this testimonial for Duncan Melbin, Abhishek Puri and the Team at CapitalQ Chartered Accountants.
When the opportunity arose for me to step up and become a Director of Office Solutions IT, and to take an ownership interest, Duncan and Abhi were the ones I turned to for advice regarding my obligations, my ownership structure, tax minimisation and management of my business interests moving forward.
They have also assisted me with my property investing and development activities.
They always return my calls promptly, are always available when I need to see them and their straight forward advice is always spot on.
Director, Office Solutions I.T.
Duncan Melbin’s firm first became the business accountants for Exploration Data Services, and my Family, when he was still a Graduate Accountant some 24 years ago. Myself and my late business partner have followed him ever since!
In the early days Duncan was very proactive in regards to fine tuning our business structure and the benefits of getting the structure right early are still flowing today.
Throughout my time working with Duncan he has played a key role in ensuring our tax affairs have always been in order and our tax obligations have always been minimised and well managed.
Duncan has also played a key role in ensuring my Family and I have adequate wealth protection in place and that we have maximised our wealth creation including through a regular superannuation contribution strategy and the use of a self-managed super fund that keeps us engaged, in control and to a large extent free from the perils of the GFC.
More recently we took the opportunity to outsource our entire back office accounting function to CapitalQ including switching our accounting and invoicing to Xero. I now spend barely any time at all on my monthly accounting and Activity Statement lodgements, as CapitalQ have it all in hand. This allows me to focus on running my business better, and frankly to have more time to enjoy the spoils of a life in business.
I work closely with Kapil Bhasin, our Client Manager, and Peter Melbin, our outsourced Bookkeeper, and they are clearly very valuable assets for CapitalQ.
Working with Duncan, Kapil and Peter is very easy, they respond promptly to any queries I have and most importantly I have complete trust in the advice they give me and that my business affairs are being well looked after. I would recommend CapitalQ to any potential client without reservation.
So if you own a small business or are looking to grow your wealth I highly recommend you speak to the CapitalQ Team. They will give you good advice, and ensure you are on track for a sound business and financial future (and outsourcing your back office accounting process to them, and switching to Xero, will be two of the best business decisions you will make).
Director - Exploration Data Services (Perth)
CapitalQ Chartered Accountants have been my accountants preparing my personal tax returns for the past 3 years. Their highly professional and efficient service is the reason why I will be a client for years to come. I, along with friends and family, can not recommend the Team at CapitalQ highly enough.
Having been a medical practitioner for 25 years, and having had several perth accountants throughout that time, I have been most impressed with the way CapitalQ have looked after me since I became a client some 4 years ago.
Kapil & Duncan should be commended for their professionalism, diligence and honesty.
Dr Marko Lambasa
Please be advised that I have known Tom Meredith for some 7 years now. Tom has been my personal and Business Accountant over that period and I would have absolutely no hesitation in recommending his services to anyone that was in need of a competent and thorough Accountant.
I have always found Tom to be very honest, reliable and trustworthy in all matters pertaining to our Business needs. Tom is friendly and always willing to help wherever possible.
If you are in need of an Accountant with the above acumen, you need look no further.
Neil E Parsonage
Director, Oxford Securities Pty Ltd
Tom has helped me with my personal tax returns over the past 3 years and I would recommend him to anyone who is looking for a quality Accountant to manage their tax affairs.
He delivers a prompt, reliable and knowledgeable service, and is always happy to answer any queries or offer advice throughout the year.
In my first meeting with Tom he identified some significant tax savings from the previous financial year that has been missed by my former Accountant, and also gave me some useful advice on how to manage my investment property.
Senior Recruitment Consultant - Mining Employment Services
Awesome, what a great Christmas I will now have!
Tom is amazeballs as my daughter would say haha.