Our Team

Arthur Leuchter

Principal
BBus, CA

Arthur Leuchter is qualified as both a Chartered and a Certified Practicing Accountant. With 25+ years’ experience, Arthur brings objectivity to business operations and mentors clients to attain their business and investment objectives.

For example, Arthur helps clients:

• implement effective tax strategies,
• structure business investments, and
• recognise business opportunities and danger signs.

George Kardakos

Associate Partner
BEc, CPA

George Kardakos holds a Bachelor of Economics Degree, with more than 20 years experience in taxation and business advisory services. George specialises in business and tax strategy, wealth creation and business structuring. A qualified Certified Practising Accountant, George plays a central role in many client businesses, helping them identify and realise business objectives.

Careers at Sullivans

Opportunities With Us

We offer a stimulating and friendly work environment, giving you the opportunity to develop your future success, opening the door to rewarding work experiences.

We are always looking for talented people to join our ever-growing team. Sullivans has opportunities for accounting and tax professionals, graduates, and practice management / administration staff.

For more information please email ari@sullivan.com.au

Tax Returns & Business Activity Statements

Reliable accounting and business advice is essential to the success of every business. We are committed to providing a personalized and efficient service.

Sullivans Accountants provide a comprehensive range of taxation services to Greater Sydney area and Australia-wide including:

• Advice and preparation of income tax returns for companies, trusts, partnerships, SMSFs and individuals.
• Advice and preparation of Business Activity Statements
• Advice and preparation of FBT tax returns
• Advice and preparation of Payroll tax

Business Activity Statement (BAS)

All GST Registered Businesses within Australia are required to complete a Business Activity Statement. Reporting periods vary from business to business and lodgments are done monthly, quarterly or annually depending on your business structure.

Our BAS Service is a complete solution, taking care of the time consuming and often complex tasks, like compiling your records, completing and lodging your Business Activity Statement, consulting with relevant authorities and lodging your BAS forms. We also provide you with advice on how to best satisfy your BAS obligations.

Contact us today to discuss how we can work together: (02) 9664 2000 or email us at info@sullivan.com.au

Payroll Tax, GST and Indirect Taxes

While many businesses are on top of their income tax, they are often unaware of the potential costs and pitfalls that can arise from indirect tax issues. GST, land tax, payroll and stamp duty indirect taxes can be an administrative headache for businesses. Our experienced team has expertise with every aspect of indirect taxation so no problem will go unresolved. We can help you minimize costs and reduce the administrative impact of these taxes.

Our advisors goal is to ensure that you take full advantage of any opportunities available as a result of your businesses particular circumstances while also ensuring that you fully understand your obligations. Missed information or mistakes can raise costs by preventing your business from claiming full input credit. Just as damagingly, they can impair your reputation with the tax authority and lead to significant penalties.

Sullivans Accountants provides advice on and management of indirect taxes in the following areas:

• GST
• Land Tax
• Payroll Tax
• Stamp Duty

Payroll Tax

Payroll tax is paid on wages to employees in each Australian state. Across the states, administration of payroll tax is not harmonized, which can impose a compliance burden on your business.

Our experience in payroll tax in all Australian states can help your business understand its obligations. By providing a single point of contact, we can prepare and guide you through payroll tax alongside other tax needs.

Our expert team can assist in a number of ways:

• Compliance with payroll tax obligations in a cost-effective way
• Ensuring payroll tax is paid on the correct components of your wage bill
• Reducing the risk of misstating payroll tax payable
• Liaising with various offices of state revenue
• Managing payroll audits.

Contact us today to discuss how we can work together: (02) 9664 2000 or email us at info@sullivan.com.au

Taxation Consulting & Planning

With a focus on providing clients with specialized taxation solutions and recommending effective business strategies, we help businesses to build wealth. Our expert team is skilled in a range of industries in small to medium businesses, company, trusts, SMSFs, and partnerships.

In life, business and personal circumstances change continuously, and taxation requirements also change. We regularly review our clients tax needs to align with ongoing changes, ensuring that you meet your compliance obligations and benefit from tax planning opportunities.

Consulting and planning services include:

• Tax-effective structuring for small and medium sized businesses
• Tax-effective distributions by trusts and partnerships.
• Taxation solutions for individuals and executives
• Advise and protect family assets in a tax-effective way
• Business set-ups
• Superannuation planning
• Business succession planning
• Capital Gains Tax (CGT), Fringe-Benefits Tax (FBT) and Goods and Services Tax (GST)
• Year-end tax planning strategies
• Asset protection
• Tax litigation support
• Product rulings and private binding rulings from the Australian Tax Office (ATO)
• Optimal structure for investments
• State-based taxes including stamp duty, payroll tax and land tax

Fringe Benefit Tax (FBT)

Fringe Benefit Tax or FBT applies to the provision of a range of non-wage employee benefits, including travel and expenses. The FBT system carries a number of reporting and compliance obligations that Sullivans Accountants can advise on and support you in meeting.

We assist with a full range of FBT requirements including preparation, review and lodgment of returns, as well as advice on the impact and amount of FBT you’re required to pay.

Our team can streamline the FBT process by helping you:

• Understand how FBT works
• Identify when a fringe benefit is provided
• Build FBT into salary packaging
• Access available exemptions
• Comply with your obligations
• Liaise with the Australian Taxation Office on FBT matters
• Ensure you’re meeting your FBT obligations

Contact us today to discuss how we can work together: (02) 9664 2000 or email us at info@sullivan.com.au

Tax Audits & Dispute Resolution

Tax Audits

A tax audit can be an unpleasant experience for any business owner. The complexity and volume of Australian tax laws creates a high risks environment for business audits. Enlisting a professional tax accountant helps to mitigate risk and navigate the onerous tax laws and processes to achieve compliance.

If you are audited, we will deal promptly and professionally, significantly reducing stress, penalties and unnecessary associated costs.

We can serve your business in many ways:

• Deal with the ATO or Revenue NSW on your behalf during a tax audit
• Undertake workers compensation audits
• Ensure documentation and record keeping is accurate, especially in relation to transactions subject to ATO or Revenue NSW audit scrutiny.
• Undertake a tax risk assessment
• Manage the audit process
• Negotiate the best solution for your business in the event of an audit

Dispute Resolution

When disputes with the ATO or Revenue NSW arise, you need an experienced tax advisor who can help you resolve the issue and arrive at the best possible solution. Sullivans are an experienced tax team, who can assist you resolve disputes quickly and successfully. We take the time to understand your business and come to a smart common sense solution, that we can explain to an auditor in order to finalise the dispute.

Sullivans Accountants can provide advice to avoid potential tax disputes, get involved in early intervention to minimize the impact or manage and resolve existing disputes. If your business becomes involved in a dispute with the ATO or Revenue NSW, we can relieve the burden by managing the dispute from beginning to end.

Our services span a wide range:

• Identifying compliance risks by undertaking a taxation risk assessment
• Taking the steps to not mitigate compliance risks
• Communicate with the ATO or Revenue NSW on behalf of your business
• Managing disputes such as ATO reviews, private rulings, objections or appeals to tribunals
• Determine alternative courses of action
• Outline options reflecting the costs, advantages and disadvantages.

Contact us today to discuss how we can work together: (02) 9664 2000 or email us at info@sullivan.com.au

Business Structure Advice

With the right business structure advice, making the right decisions early on becomes easy. We ensure that your business structure allows you flexibility and the greatest chance of success, while providing continuous asset protection.

Your financial business structure is important in regards to:

• Its overall tax effectiveness
• Reducing personal liability or protecting business assets during the unfortunate event of litigation
• The sale or merger of your business

We take the time to work closely with key stakeholders within your business to achieve the ideal financial business structure for you.

A good financial business structure must:

• Be strategically thought out
• Be tailored to the individual needs of your particular business.
• Be adaptable when circumstances change.

Contact us today to discuss how we can work together: (02) 9664 2000 or email us at info@sullivan.com.au

Buying & Selling Businesses

Buying a Business

We have extensive experience with small business, and can advise if a particular business is viable through our due dillagence process. Sullivans take a strategic approach, looking closely at the opportunities, risk factors and advising on all aspects there of.

Selling a Business

Selling a business is an extremely important process which can take years of planning in order to maximise a business’ sales price. Strategies are required, incorporating tax planning, timing issues as well as other ideas in order to optimise the reult. We have assisted many clients in the selling of your business.

Tax Implications

Tax implications play a critical role in the outcome. CGT and small business capital gains tax conccessions need to be reviewed in order to maximise the overall outcome. Managing tax implications of a business sale is critical.

Contact us today to discuss how we can work together: (02) 9664 2000 or email us at info@sullivan.com.au

Family Business

Accounting & Taxation

With more than 20 years experience, Sullivans Accountants are knowledgeable Family Business Advisors. We work closely with our clients to help them balance the needs of the family with those of the business.

We understand family business opportunities as well as the challenges of balancing family with business. We guide our clients and where appropriate organize family business meetings to discuss, explain and determine the best ways to manage their tax and accounting needs.

We provide accurate advice, solutions and facilitate growth to a “professionalised” structure and business operation.

Contact us today to discuss how we can work together: (02) 9664 2000 or email us at info@sullivan.com.au

Business Advisory

Our focus is on you, your people and your business.

Business Advice
Our tax and accounting specialists guide you in creating a more profitable and competitive business and identify issues to maximise growth.

Tailored Services & Advice
Because Sullivans’ team of accountants keeps up with latest developments in the field of tax and accounting, we are able to offer timely service and advice. Everyone has different goals and drives and we work closely to develop a tailored strategy.

Business Succession
Many private businesses do not have an exit strategy. Whether the succession is from family to family, or owners to staff, Sullivans can assist in the transition pragmatically at a time when emotions can get in the way.

Business Recovery
When you have a financial interest in a struggling business, nothing matters more than taking swift action to protect your position. Sullivans’ carry out business reviews to detect potential problems and pitfalls and minimize financial damage.

Contact us today to discuss how we can work together: (02) 9664 2000 or email us at info@sullivan.com.au

Financial Statements

We provide a full range of Accounting Services to assist you in gaining an accurate picture of your business, to provide the basis for future planning and meeting your compliance obligations.

This includes:

• Preparation of financial statements for companies, trusts, super funds, partnerships and sole traders
• Management accounts
• Review business performance
• Tax planning
• Identify area of opportunity and risk
• Statutory Accounts
• Periodic Management Accounts
• Budgets and Cashflows
• Special Purpose Management Reports

Contact us today to discuss how we can work together: (02) 9664 2000 or email us at info@sullivan.com.au

Setting Up SMSF's

Sullivans work through trusted partners to assist our clients in the area of SMSFs.

Self-managed Super Funds have the potential to considerably increase wealth and improve your financial quality of life.

By working with trusted partners we assist our clients with understanding of the process and ensuring SMSF works for them.

Tailored solutions:

• Reviewing your situation.
• Determining that it is feasible and realistic for your financial expectations.
• That you understand the obligation and that you have the ability to manage your investments.
• We set investment objectives considering cash flow, risk and return.

Taking care of the process:

• Establish the SMSF.
• Order the trust deed.
• Guide you! If you wish and design your investment strategy via our trusted partners.

The above is general in nature and a SMSF might not be suitable to everyone's needs, please ensure you seek professional advice.

Contact Sullivans Accountants for a session on Self-Managed Superfunds,

the services we offer, and how we can work together.

(02) 9664 2000 or email info@sullivan.com.au

SMSF Compliance & Admin

Sullivans work through trusted partners to assist our clients in the area of SMSFs.

If you have a Self-Managed Superfund, you are required to lodge an annual Income Tax Return. Preparation and lodgement of financial statements, including Balance Sheets, Profit and Loss Statements, Member Statements, trustee Resolutions and the annual audit of the Fund must be included.

Sullivans Accountants have the ability, expertise and experience to make these tasks easy for you. We will guide you and walk you through all the steps involved and review the Funds investment strategy to ensure that it fulfils the needs of members.

Sullivans Accountants can:

• Manage your Fund’s paperwork – prepare the Financial Statements and lodge annual tax returns
• Prepare Trustee meeting minutes and Superfund audits through our trusted partners.
• Prepare member statements and deal with the Tax Office.
• Prepare all documentation required to transfer to the Pension stage through our trusted partners.

The above is general in nature and a SMSF might not be suitable to everyone's needs, please ensure you seek professional advice.

Contact Sullivans Accountants for a session on Self-Managed Superfunds,

the services we offer, and how we can work together.

(02) 9664 2000 or email info@sullivan.com.au

SMSF Assistance & Tips

Sullivans work through trusted partners to assist our clients in the area of SMSFs.

There are creative ways that could help you grow your super fund, that you may not have considered. By creating a SMSF you can increase the value of you and your spouses super fund, giving you a larger provision to invest with.

Did you know!

• Your SMSF take up Life Insurance for you and claim the cost as a deduction.
• Utilise advanced tax strategies that can significantly lower your tax liability.
• Take advantage of contributions up to $27,500.
• May pay only 10% tax on Capital gains made in your Superfund whilst in the growth/accumulation phase, and zero tax when you go to Pension stage.
• Transferring a commercial property (such as your business property) into your Self-Managed Superfund can be done using the services of a trusted partner.
• With effective planning methods Sullivans Accountants, via a trusted partner, can show you how to significantly increase your cash flow for a lifestyle that you deserve when you retire.

The above is general in nature and a SMSF might not be suitable to everyone's needs, please ensure you seek professional advice.

Contact Sullivans Accountants for a session on Self-Managed Superfunds,

the services we offer, and how we can work together.

(02) 9664 2000 or email info@sullivan.com.au

Buying A Property With Your Self-Managed Super Fund (SMSF)

Sullivans work through trusted partners to assist our clients in the area of SMSFs.

Imagine being able to own a property by borrowing against your Superfund. This is one of the most exciting opportunities in setting up your own SMSF.

Some of the advantages in owning property in a SMSF:

• Rental income is taxed at 15%.
• Capital gains taxed at 10% during growth stage, as long as the asset has been owned for more than 12 months.
• Capital gains potentially taxed at zero during pension stage.
• Using your employer contributions to reduce the mortgage.

A SMSF might not be suitable to everyone's needs, please ensure you seek professional advice.

The rules that apply

The are many rules that apply to SMSFs. We can help unravel this complexity. Ask us how.

The above is general in nature and a SMSF might not be suitable to everyone's needs, please ensure you seek professional advice.

Contact Sullivans Accountants for a session on Self-Managed Superfunds,

the services we offer, and how we can work together.

(02) 9664 2000 or email info@sullivan.com.au

Accounting Videos

Secure File Transfer

General Calculators

Useful Links

Tax Diary

Tax Deductions