Business Tax and BAS
5ivestar’s approach to preparing your company or trust tax return starts with a complete thorough review and reconciliation of every balance sheet account. Once your balance sheet is clean when then ensure that your Income Statement is appropriately categorised to minimise your tax payable. Our structured approach to your company tax return leaves no stone unturned in maximising your tax deductions. Interested? Jump to our pricing page and use our interactive pricing tool to cost out your businesses Tax and BAS work.
Individual Tax
Every person has different needs when it comes to income tax and ensuring you pay the correct and minimum income tax can be a complex process to undertake. The team at 5ivestar are experienced tax agents and accountants and take the time to understand your specific circumstances and then effortlessly prepare and lodge your individual income tax return ensuring that you maximise your tax deductions and minimise your taxable income. Interested? Jump to our pricing page and use our interactive pricing tool to cost out your income tax return.
Sole Trader Tax, BAS and Bookkeeping
5ivestar ensure our sole trader clients pay the lowest tax possible by through careful review and categorisation of transactions in their cloud accounting software. We have wide experience across many trades and micro-businesses to ensure we maximise the best possible income tax outcome for our clients. So, whether you are a chippy, a stand-alone bricks & mortar retailer or run an e-commerce site that has become more than just a side-hustle, we can help with your bookkeeping, BAS and Income Tax. Interested? Jump to our pricing page to use our interactive pricing tool to cost out your Tax, BAS and Bookkeeping.
Turnaround Solutions
The team at 5ivestar include highly qualified and commercially orientated CFOs. Being genuine outsourced CFOs is not just a side-hustle like some accountancy firms are pedalling. This is our DNA and where it all started. Our team members have worked in commercial organisations with the title of Chief Financial Officer so we are the real deal. We now provide CFO related services for turnaround and transformation projects, on-going engagements, and interim gap fill roles to fit your budget and business goals. Also, as CPAs we have real-world experience and commercial know-how to get your business back on track. Our secret sauce is our ability to collaborate and partner with your team to deliver exceptional outcomes.
Financial Modelling
The team at 5ivestar have many years of financial modelling experience. We are highly experienced with applications such as MS Excel and MS PowerBI that we use to deliver detailed financial reports, dashboards, operational KPIs, cashflows, 3-way forecasts, budgets, rolling forecasts, and transactional modelling. So, if you are groping around in the dark with what you are doing now, do yourself a favour and reach out to get some help. Our friendly team are only a phone call away 07 3084 3692.
Interim CFO
When the going gets tough that’s when the team at 5ivestar can step in and provide the guidance and support to get your business processes, financial systems and structure back on track. We have assisted a range of organisations including manufacturers of durables and FMCG, retailers, services, haulage, heavy industry, importers, wholesalers, medical, fintech, healthtech, start-ups, franchisees, franchisors, project management, construction, and promotional marketing. It’s not going to fix itself! Call 07 3084 3692 to speak to one of our friendly team members.
Your Virtual CFO
The team at 5ivestar has the financial horsepower to partner with your management team to assist with developing and implementing strategy. We can support the management team with addressing difficult questions around business strategy, business structure, debt and equity support, forecasting, KPIs, and reporting. Our vCFO solutions fully integrate across all levels of your business to deliver value-added sustainable outcomes. Call 07 3084 3692 and speak to one of our friendly team members.

Our 5ive
Core Services

_CFO Engagements

At 5ivestar we know strategy!

We have a down-to-earth approach in helping you define your businesses strategy and the experience and wherewithal to work with your team to bring it to life. We understand that this can be a difficult area for most entrepreneurs to get their heads around so if you are sitting there with doubts in your mind then don’t despair and read on.

 

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_Turnaround Projects

At 5ivestar we know data!

And we know that the key to success and profitable growth is hidden in your data.

We know many people rely upon anecdotal evidence, gut-feel, and intuition to run their business. This is borne and bred out of many years in business and being in and around your market. You know your business, right? We get this and, yes, this is vital ingredient. As we know the world is moving faster and faster. Your competitors are getting the jump on you and it is hard to keep up. Apart from innovation in products and services you have to understand the simple things in your business. What is performing, what is not, now, today, and not next week, or next month. How? The missing link here is confirming your gut-feel with timely access to accurate data. That’s where we come in.

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_Business Transformations

At 5ivestar we make IT a business enabler!

In many businesses IT is an impediment to getting business done. If you are nodding your head right now you are not alone.  IT can be black magic to a lot of business owners. We understand the issues that prevent you from making an investment in good IT. The good news is that things have changed in the last few years on the technology front.  Efficiency through process and automation that were not possible or even thought of are now possible and becoming increasingly accessible to more and more businesses. If you are one of those people who do not understand IT then we can help bring this back to a language that you can understand and involve external stakeholders who can help de-mystify the whole technology space. In reality with the speed of the technology revolution your very survival depends on taking steps forward in this area. They don’t have to big steps but you need to get up and start moving!

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_Bookkeeping & BAS Services

At 5ivestar we know your balance sheet!

A good combination of debt and equity keeps the balance sheet active and productive. It is important to understand that appropriate levels debt is an important part of a successful business. Generally speaking there needs to a good mix of amortising, recirculating and term debt.

As a business grows there comes a point when equity alone may not be enough to adequately sustain a healthy working capital position. In fact, relying too much on equity may in fact introduce unwanted and unnecessary risk. This is of particular relevance when a business is growing or when profits are sub-optimal. At 5ivestar we have spent twenty-five years understanding the issues of debt, equity and working capital in businesses just like yours. Through our experiences we have developed financial models to determine the right balance of debt and equity to ensure optimum levels of profit and working capital.

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_Tax Services 

5ivestar’s team are registered tax agents with the Tax Practitioners Board and are highly experienced with the preparation of individual tax returns, sole-trader individual tax returns, partnership tax returns, company tax returns, and trust tax returns. Our methodical and detailed approach has proven to maximise deductions and rebates and minimise your taxable income. We have adopted the use of new technology to streamline our practice, how we deal with the ATO and also all of our clients. This improves the speed and accuracy in preparing and lodgement of your income tax return.

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Core Services CFOEngagements Transformations Turnarounds& Re-engineering Tax Services Bookkeeping& BAS Services FinancialModelling

Meet
Michael Hamilton

_Principal

On first meeting you will discover that Michael is not just any CPA. Michael is a down-to-earth professional with a direct tell-you-how-it-is approach. He is not afraid to make the big calls or address the elephant in the room. You will get no frills or fluff, just hard work, expert experience and know-how.

Michael has worked in SMBs for the last 25 years as the most senior finance and go-to IT person. There will not be a problem that you will have that Michael has not successfully worked to overcome. He will empower your team with belief and knowledge and improve morale and ultimate outcomes for your business.

He has worked in and with businesses just like yours with turnovers of $10m through to $100m and teams of 30 through to 250.

Michael’s passion is working with people like you to deliver your goals and dreams. Take the next step and make contact. You will be glad you did.

A True Story

  • I worked with Michael on a turnaround project for a furniture retailer who had struck difficult times. Michael was able to provide insights into the financial position and cash flow to support the business in a stressful and difficult period. Michael’s down-to-earth and direct approach meant that all stakeholders in the process were well-informed whilst we collaborated on a solution to take the business forward.

    Simon Vertullo Integral Financial
  • I have worked with Michael a number of times throughout his career. I have always found Michael to be meticulous in his approach to business and financials. He has an excellent understanding of technology and how this can be applied to improve business processes and functions. Michael is well respected who knows how to get things done and It is always a pleasure working with him.

    Tom Freer Wyntec
  • Working with Michael Hamilton from 5ivestar has been an exceptional experience. He helped us out of our darkest hour when we had to let our previous Finance Manager go and his assistant walked out in protest also. He truly was a ‘fix it CFO’ in all elements of the finance department. He rebuilt the team from the ground up and established systems, processes and comprehensive reporting which enabled us to get on with growing the business and funding our next big project. I would fully recommend Michael and his team for when the going gets tough in the finance arena!

    Lloyd Bartlett Country Chef
  • Michael is a consummate professional. He clearly held the highest possible standards in terms of recruiting a senior member of the team into the business. Michael was exceptionally thorough, his concerns were for the business and these concerns went quite deep. I really appreciate the degree to which Michael went to ensure he was doing his utmost for the company and also treating me like a respected, valued partner. His ethics, integrity and professionalism really shone and made him a joy to work with.

    Rachel Griffin Griffin Recruitment
  • Working with Michael on a professional basis, Michael has excellent communication skills and a very strong business aptitude but most of all always a pleasure to deal with.

    Thalia Comino Westpac Bank
  • I've worked with Michael over a number of years and found him to be very methodical and strategic in his approach to the delivery of his K.P.I's. Always focused on delivering above expectations, whilst communicating cohesively within the management team to achieve desired results. I've always enjoyed working with Michael due to his collaborative nature.

    Andrew Belovari Autobarn Franchisee
  • I recently had the pleasure of working with Michael during an ERP implementation, Michael's ability to articulate the business requirements into successful business processes was a stand out. His business knowledge, attention to detail, ability to communicate at all levels and personal drive were key in this success.

    Brian Smith Pronto Software
  • Michael is a really impressive operator and I have observed him firsthand adding incredible insight, balance and value to senior management teams. Obviously as an experienced CFO he is always all over the numbers. He is also a savvy commercial operator, able to understand important key success factors for different organisations and (because he is really great with people) able to influence others and drive continuous business improvement. 

    Ross Matthews Crest Electronics
  • Michael has great strengths in both the operational development and strategic growth of a business. He works with stakeholders to build a shared understanding of the key opportunities and then implements solutions that are sustainable and forward-looking. As a manager he was great at setting the vision and then building an environment in which we could achieve it.

    Kate Smith Tafe QLD
  • After years of going through bookkeepers, I came across 5ivestar, and very pleased I did! As a tradie I struggle with the bookkeeping and tax side of the business. Heidi took the time to understand what I needed and explained why it is so important to have our financials in check. Nothing was too hard , their strengths of a ‘can do’ attitude got my company back on track with our Tax, BAS and day to day bookkeeping. They were prompt, professional and were thorough with crisp communication, clear systems and great strategies.

    Luke Capner Capner Carpentry
  • Michael was employed as a contract CFO for a period of 6 months. Michael’s experience allowed him to quickly come to terms with the issues, to develop and implement workable plans, processes and reports that helped to resolve the issues facing the business. A key strength of Michael’s was his ability to develop working relationships in a short period of time, whether it be with customers, creditors, Board or team members. I certainly have no hesitation in recommending Michael and 5ivestar Business Services.

    Michael Hall The Outdoor Furniture Specialists

Want to
work with us?

We are easy to talk to | We are down-to-earth | We speak your language |

We are experienced and knowledgeable | We will tell it to you straight |

Reach out. You will be surprised how simple we can make change. Together.

How can we help you?