Welcome to surplus financial group
ACCOUNTING PROFESSIONALS IN MELBOURNE
Surplus Financial Group is a Melbourne-based accounting firm with their finger firmly on the pulse of your finances. We’re a small company, with big ambitions. Like our clients, consistent growth is our goal.
REGISTERED SINCE 2017
Tax Accounting Service
About SURPLUS
Tax Accountants for your Business Development
Surplus Financial Group founder Hussein ‘Huss’ Saad started his career in top tier accounting firms and has more than a decade of Australian financial experience.
But when Hussein noticed a dramatic shift in the way both young and old Australians we’re going about their commerce and managing their personal finances, Hussein decided to go it alone and start to do things differently!
The world has changed and so is the way Surplus Financial Group is helping people to manage their tax and finances. Hussein believes that his offering is uniquely placed to service the modern Australian business. Hussein Saad holds a Bachelor in Accounting, a graduate diploma of Chartered Accountants Australia and New Zealand, an Australian Securities and Investment Commission Agent and Tax Agent License.
Surplus Financial Group was established in 2017 and is a specialist provider of a range of financial services covering taxation, accounting, risk and wealth. As a sole Director, Hussein prides himself on his transparency and his constant availability to his clients. He is often chasing you for your numbers and not the other way around.
Surplus Financial Group is not just your run-of-the-mill Australian accounting firm. A solid financial base as well as ongoing confidence in your personal finances is built on your relationship with your accountant. Hussein believes this more than anyone else. His philosophy is that no problem is too big it can’t be solved, no question is too difficult and no financial goal for his clients is unachievable. The systems put in place at Surplus Financial Group to manage your finances have been developed personally by Hussein to help create that two-way relationship and solid financial base from the very start. Constant availability, ongoing transparency and dedicated planning allows Surplus Financial Group do this better than other accountants in Australia.
Some of Our
Services
Surplus Financial Group offers a range of different services right across the accounting and tax spectrum. The key is allowing us to be in the driver’s seat and steer you in the right direction of both your liabilities and your opportunities when dealing with the ATO (Australian Tax Office).
INCOME TAX
We take care of all your Income Tax needs and personal filings including any deductions or the reporting of investment property income to ensure a speedy return from the ATO at the end of each financial year.
CORPORATE TAX
We take care of your corporate tax compliance, allowing you to focus on making the money while we count it for you. Focussing on your core business, particularly in an early growth stage, can be key to your success story and that’s why Surplus Financial Group has built the relationship-based systems you can rely on when it comes to managing your corporate tax obligations.
EMPLOYMENT TAXES
Employment tax can be a complex web of ever changing legislation. That’s why at Surplus Financial Group we’re not just keeping our fingers on the pulse of your finances, our practise consists of specialists who keep their pulse on the changes constantly being made by the state and federal revenue authorities. Leave these complex obligations for us to navigate and focus your attention on running a successful business.
INDIRECT TAXES
Managing your tax correctly can help you optimise your cash flow which is crucial for any business owner. Do you know when you need to start charging GST (Goods and Services Tax)? Do you need to pay payroll tax on your employees in Victoria? Land Tax? The list goes on. Surplus Financial Group will support you throughout this process of obligations with both the planning and goal setting needed to reduce your risk profile.
BUSINESS STRUCTURING & CONSULTING
Australian legislation allows for a range of different company structures ranging from sole traders to partnerships, family trusts and incorporated companies. Having an accountant like Hussein at Surplus Financial Group will help you to understand the structure you need and where the opportunities are for you to minimise your liabilities. We also understand that this may be constantly evolving in your businesses and your structure may need to change quickly, and that’s when we’ll be chasing you for your numbers -- not the other way around.
RESEARCH & DEVELOPMENT
Understanding the government and tax opportunities available to your business can help with driving innovation as well as offsetting some costs. If your business undertakes research and development we can help you understand the grants and incentives apply to take advantage of this unique support mechanism.
ASSET MANAGEMENT
In addition to our tax support and business consulting, Surplus Financial Group are experienced in both Mezzanine financing as well as residential and commercial real estate syndications. Another string to our servicing bow, our clients are regularly taking advantage of our long history of direct property investments.
COVID-19 SUPPORT
At Surplus Financial Group, we understand that this is an incredibly difficult time for all individuals and small businesses. Talk to Hussein today about how we might be able to help you structure things differently to help take the pressure off.
Happy Clients
Testimonials
” I had an absolutely seamless experience with the company. The whole team handled my inquiry efficiently, professionally and with tact and understanding. Feels odd to say I had a wonderful tax experience, but there you have it! Could not recommend more highly. “
Dennis
” I had an absolutely seamless experience with the company. The whole team handled my inquiry efficiently, professionally and with tact and understanding. Feels odd to say I had a wonderful tax experience, but there you have it! Could not recommend more highly. “
Dennis
” I had an absolutely seamless experience with the company. The whole team handled my inquiry efficiently, professionally and with tact and understanding. Feels odd to say I had a wonderful tax experience, but there you have it! Could not recommend more highly. “
Dennis
” I had an absolutely seamless experience with the company. The whole team handled my inquiry efficiently, professionally and with tact and understanding. Feels odd to say I had a wonderful tax experience, but there you have it! Could not recommend more highly. “
Dennis
WHAT ACCOUNTANTS DO FOR BUSINESSES?
We offer specialized accounting services in Melbourne, Australia, and also provide services small to large organizations. Accountant professionals ensure complete order in your accounting through reliable tax and accounting documents, timely submission of all reports to government bodies and funds, helps you choose the legal (and thus safe) ways to reduce the tax burden that benefits your company. Our Accountants in Melbourne assisting many of the business owners in minimizing tax and dealing with money matters. With a qualified accountant team, deliver the promise to the clients with expert services. Accountants listen to client’s issues and offer the best possible solution.
Key Accountant Responsibilities
The main responsibilities of an accountant are distributed in accordance with the position and scale of the business.
- Primary accounting – collection, processing of acts, accounts, business contracts, waybills, etc.
- Maintaining accounting registers, accounting programs, the reflection of operations on the accounts of the organization.
- Accounting, write-off, depreciation on fixed assets, participation in inventories.
- Conducting cash transactions, communication with banks and creditors.
- Payroll, accrual of sick leave, leave, compensation, preparation of payroll, control of salary payments, forecasting payroll.
- Formation of the tax base, calculation of insurance premiums and payments, transfer to funds.
- Preparation and transfer of accounting, tax, statistical reporting. Interaction with inspection bodies, provision of data.
- Tracking relevant information and legislative changes in the economic, tax and labor spheres.
- Collection, archiving and preservation of financial document
Contact & Save With Us
Hire Accounting Professionals
Make An Appointment
Get In Touch
Hussein prides himself on his availability, transparency and willingness to listen to his clients.
This is what sets him apart and makes him so different.
If you want to line up a chat about your financial needs or just want to grab a coffee next time you’re in Brunswick, drop us a line below.
This discovery session will allow Hussein to understand your financial goals and set up a plan for the future.
Frequently Asked Questions
Most frequent questions and answers
How much does a tax return cost with SFG and is it tax deductible?
The cost of your tax return is assessed on a case-by-case basis and varies depending on whether you are a business or individual. Rest assured we do not bill you in incremental minutes or charge you non-transparent ‘consulting’ fees. We are upfront and clear about each and every service. All our tax services are fully tax deductible.
Aren’t all accountants the same?
Not all accountants are created equal! We pride ourselves on working closely with our clients and developing the sort of trust that should exist in a successful relationship. No question is ever too difficult or a problem. We’re here to help and we believe that’s what our clients deserve.
What accounting and bookkeeping software do you use?
We are Xero Certified and Practise Partners. Xero is a cloud-based accounting software which can help you (and us!) track your income and expenses, while also allowing us to forecast cash flow. We offer our clients initial basic training on the platform to help get them started.
What types of business do you work with?
We work with all types of individuals and businesses including those offering services in the disability sector, right through to social media marketing companies! Our experience with every industry is varied, giving us oversight and the skills necessary to manage all complex accounting needs regardless of how your business makes its revenue.
Do you do your work online, in-person or over the phone?
All three. We have some clients who prefer to meet in person and some we’ve only ever dealt with on email. The choice is yours. What we pride ourselves on is constant communication. Often we’re chasing you and not the other way around.
Do you provide your services in-house?
As a sole Director, Hussein provides all his services in-house at Surplus Financial Group to ensure a personal touch which is all about building a strong relationship. However, there are times when he might call on other resources when dealing with large or complex tax services.
