AFSL and credit licensees live with financial obligations most accountants never touch – base-level financial requirements, cash-needs projections and annual audits. We prepare the financials, work with your auditor, and keep the day-to-day running so your licence is never the thing keeping you up at night.
Book a Chat Call (07) 5593 6060What we take care of for licensees and finance professionals:
Holding an Australian Financial Services Licence or an Australian Credit Licence isn’t like running an ordinary business. Your right to operate is tied directly to your financial position. ASIC sets base-level financial requirements – a minimum level of net tangible assets, the ability to show you can meet your cash needs over the coming year, and an obligation to be audited – and falling short isn’t a paperwork problem, it’s a licence problem. Most general accountants simply don’t deal with this, which is how licensees end up preparing their own projections the night before they’re due.
Then there’s the income itself. Upfront commissions, ongoing trail, fee-for-service and referral arrangements all behave differently, and recognising them correctly matters for both your financials and your tax. Add client money or trust obligations on top – depending on what your licence authorises – and the accounting needs to be done by someone who understands the regime, not someone learning it on your file.
Base-level financial requirement calculations, cash-needs projections and audit-ready statements.
Financial statements prepared and provided to your auditor, with us liaising on your behalf.
Clean books, revenue recognised correctly, and BAS, IAS and payroll handled on time.
Tax planning around commission and trail income, and structuring for licence, tax and protection.
We prepare the financial-requirement calculations and projections ASIC expects, keep an eye on your position through the year, and make sure your audit is something that happens smoothly rather than something you dread.
Upfront, trail and fee income each behave differently. We make sure they’re recognised correctly so your financials are accurate and your tax is right.
Beyond the licence, you still need clean books, BAS, payroll and a sensible structure. We handle the routine so your compliance sits on a solid foundation.
AFSL holders. Financial planners and advice businesses living with base-level financial requirements, projections and audits.
Mortgage and finance brokers. Credit licensees and authorised credit representatives, with commission and trail income to recognise and plan around.
Authorised representatives. Operating under a licensee, where the structure and tax still need to be right.
Related professionals. Risk advisers, accountants holding a licence, and referral businesses in the financial-services economy.
A free conversation about your licence, your business and where you’d like to be.
We look at your financial requirements, revenue recognition and books, and tell you where you stand.
A clear scope and a fixed fee, agreed before we start.
Licence financials, audit support and the day-to-day handled, with check-ins through the year.
Plain-English help, written by our team.
General information only – not financial or legal advice. Licensing rules, awards, thresholds and tax rules change; confirm current requirements or speak to us before acting on anything you read here.
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