Do you understand AFSL financial requirements?

Yes - base-level financial requirements, net-tangible-asset minimums, cash-needs projections and the audit obligations that come with the licence.

Can you prepare what my auditor needs?

Yes - we prepare your financial statements and projections and liaise with your auditor so the audit runs smoothly.

Do you handle client money or trust accounts?

Yes, where your licence requires it - trust and client-money record-keeping kept compliant.

How should commission and trail income be treated?

Upfront, trail and fee income are recognised differently. We make sure each is treated correctly for your financials and tax.

Can you do tax planning around lumpy income?

Yes - we plan around commission and trail timing before 30 June so a strong year doesn't become a tax shock.

Accountants for Financial Services

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 6060

How we help — at a glance

What we take care of for licensees and finance professionals:

✓AFSL & credit-licence financial requirements — NTA, cash needs and projections

✓Audit-ready financial statements — prepared and provided to your auditor

✓Trust & client-money compliance — where your licence requires it

✓EOFY accounts & group tax returns — company, trust and individual returns together

✓BAS, GST, payroll & STP — the routine handled correctly

✓Structuring & tax planning — for commissions, trail and fee income

Book a chat (07) 5593 6060

Why a licence changes the accounting

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.

Financial-services businesses have special considerations

Base-level financial requirements. Most licensees must hold minimum net tangible assets, prepare cash-flow projections showing they can meet their needs, and have those projections and financials audited. We prepare the numbers, keep them current through the year, and make sure you’re comfortably inside your obligations rather than scrambling at deadline.
The annual audit. Your auditor needs financial statements prepared correctly and on time. We prepare them and liaise with your auditor so the audit is smooth and there are no surprises.
Revenue recognition. Upfront commission, trail, fees and referral income are recognised differently. Getting it right keeps both your financials and your tax accurate.
Client money and trust obligations. Where your licence involves holding client money, the record-keeping and reconciliation rules are strict. We keep them clean.
Structure. The right structure handles your licence, your tax and your asset protection together – and it has to keep working as your book and your team grow.
Tax planning. Lumpy commission and trail income reward planning before 30 June, not after. We make sure those conversations happen in time.

How we help licensees

Licence financials

Base-level financial requirement calculations, cash-needs projections and audit-ready statements.

Audit support

Financial statements prepared and provided to your auditor, with us liaising on your behalf.

Bookkeeping & BAS

Clean books, revenue recognised correctly, and BAS, IAS and payroll handled on time.

Tax & structure

Tax planning around commission and trail income, and structuring for licence, tax and protection.

We understand what your licence demands

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.

Income recognised the right way

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.

The day-to-day handled too

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.

Who we work with

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.

Our process

Chat

A free conversation about your licence, your business and where you’d like to be.

Review

We look at your financial requirements, revenue recognition and books, and tell you where you stand.

Fixed-fee proposal

A clear scope and a fixed fee, agreed before we start.

Deliver & check in

Licence financials, audit support and the day-to-day handled, with check-ins through the year.

Questions licensees ask us

Do you understand AFSL financial requirements?: Yes – base-level financial requirements, net-tangible-asset minimums, cash-needs projections and the audit obligations that come with the licence.
Can you prepare what my auditor needs?: Yes – we prepare your financial statements and projections and liaise with your auditor so the audit runs smoothly.
Do you handle client money or trust accounts?: Yes, where your licence requires it – trust and client-money record-keeping kept compliant.
How should commission and trail income be treated?: Upfront, trail and fee income are recognised differently. We make sure each is treated correctly for your financials and tax.
Can you do tax planning around lumpy income?: Yes – we plan around commission and trail timing before 30 June so a strong year doesn’t become a tax shock.

Guides & resources

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.