Australia is not only rich in educational resources, but also has a comprehensive education system. The education industry is one of Australia’s pillars and Registered Training Organisations (RTOs) are regulated by the Australian Skills Quality Authority (ASQA). The ZERO2ONE Accounting team has experience working with education industry players including CRICOS, TAFE and Universities and we can help you deal with the various issues associated with ASQA and ATO, reducing communication costs and increasing efficiency. Our team provides a wide range of services to the education industry including: RTO business plans, RTO registration, financial viability risk assessment (FVRA), due diligence, strategic reviews, tax planning and consulting, and financial/tax services. Our team of accounting professionals has extensive college consulting experience and can assist you in meeting external requirements for educational transparency and operational accountability through the development of long-term strategies, financial modeling, and improved business systems and financial reporting.

Australia has a strong, leading, regulated and widely open banking market overseas. Australia’s financial sector is a significant contributor to GDP. Australia’s four largest banks include the Commonwealth Bank of Australia, National Australia Bank, Westpac and ANZ. The Australian financial system is primarily regulated by the Reserve Bank of Australia (RBA), the Australian Prudential Regulation Authority (APRA), the Australian Securities and Investments Commission (ASIC) and The Treasury of Australia.

The ZERO2ONE Accounting team provides a wide range of services to the banking industry, including:

• Establishment of Australian branches of state-owned banks
• Assistance with internal bookkeeping, payroll management and GST compliance for banking institutions
• Other day-to-day services such as bookkeeping, tax compliance and audit

Running a successful charity, foundation and community group is very similar to running a commercial organization. The requirements range from attracting supporters and fundraising to maintaining accountability and transparency, regulation and risk management. Australians are passionate about philanthropy and charities are a type of not-for-profit organization. Unlike for-profit organizations, the not-for-profit sector has a wide variety of institutional structures and more specific tax provisions and benefits. They have a range of operating rules, including how to attract supporters, fundraising activities, clear accountability, transparency, regulation and risk management. As a long-time supporter of non-profit organizations, our team at CITIC Accounting will work with you to grow your organization so that you can help more people.

We take the value of social responsibility seriously and our ZERO2ONE Accounting team can provide you with:

• Assistance in developing institutionalized, targeted solutions to challenges
• Assistance in managing your operational and fundraising goals
• Assistance in setting up information systems, financial statements and charity reporting
• Assistance in providing consulting services and solutions for board and finance department compliance responsibilities and obligations
• Other day-to-day services, such as tax compliance, audits, etc.

Long-term health care reform, increased demand for health care services, the emergence of new technologies, and changing social and community expectations have created new challenges for the health care and senior living industry. From management consulting and risk management to tax services and feasibility studies, the ZERO2ONE Accounting team has a team of industry experts to help you face these challenges and better manage your business so you can focus on growing your business in healthcare and senior living.

The ZERO2ONE Accounting team offers a wide range of services to the healthcare industry, including:

• Tax planning
• Bookkeeping and preparation of financial statements
• Self-directed pension services
• Corporate and individual tax filing
• Transaction advice

The Reserve Bank of Australia (RBA) has been working to promote the retail sector to compensate for the decline in the mining industry. In order to maintain a successful presence in the retail sector, you need to have a full and clear plan for your inventory, sales volume management and the capture of business opportunities. We can support your retail business with services such as inventory counts, audits and tax compliance. We have a unique perspective on different retail items. For example, for both housewares and entertainment products, we tailor our services to achieve the best possible results for our clients. Our team will combine knowledge and experience to serve our clients in the retail/wholesale industry. We have a deep understanding of the retail/wholesale industry, including the home furnishings, furniture, apparel, automotive and entertainment industries.

Our ZERO2ONE Accounting team can provide you with:

• Assistance with the challenges of managing inventory, supply chain, cash flow, profitability, etc.
• Assistance in measuring and analyzing data, identifying financial and operational key points, and providing sound advice on strategic consulting, risk management, and tax and audit consulting to improve business operations
• Assist your business in unlocking growth potential and achieving long-term goals
• Other services, such as fiscal year-end accounting services, business consulting, pension planning, tax planning

Globalization has dramatically changed the manufacturing picture in recent years, with a once thriving sector now being hit by a combination of highly volatile commodity markets and cheap overseas labor. Manufacturing will also continue to tighten as Australia continues to look to overseas sources to meet operational needs and cost cutting. Our ZERO2ONE Accounting team has extensive experience in strategic business, financial planning, risk analysis and feasibility studies to help you navigate through these challenging times and assist you in identifying new opportunities for growth both overseas and domestically.

The ideal business model is based on rational decision-making. In addition to staying ahead of your competitors, you need to have a clear head, timely feedback and a practical and reliable approach and make the right decisions. We will provide you with targeted tax solutions within our areas of expertise so that you can focus on your own business.

Our ZERO2ONE Accounting team can provide you with the ability to:

• Maximize profits and reduce expenses
• Assistance with tax communication between Australian subsidiaries and China head office
• Assistance with the preparation of group financial reports for Australian subsidiaries
• Other day-to-day services such as tax compliance, audits, etc.

The technology sector is exponentially exploding as federal spending funds ongoing expansion and fosters new business opportunities. Through knowledge-sharing and industry trend analysis, our Technology Services team is comprised of professionals with extensive experience in the industry and at the forefront of its development. Our technology team can assist you with audit services and Australian International Standards Reporting (AIFRS) equivalent requirements, fast-paced advisory services, and revenue management.

The ZERO2ONE Accounting team offers a wide range of services to the technology industry, including:

• Outsourced accounting services (accounting support and financial statement preparation)
• Tax and compliance services (tax structuring consulting, tax compliance services and corporate paperwork services)
• Audit and Assurance (financial statement audits, special purpose financial statement reporting, trust account audits)
• Advisory Services (financial due diligence, M&A support, corporate finance consulting and advice on corporate governance related matters)

The hospitality industry is closely linked to many service sectors and tourism is an important link between Chinese visitors and the Australian economy. A thriving tourism industry also enhances Australia’s economic vitality. The number of visitors to Australia has changed significantly in recent years. Whereas in the past visitors to Australia were mainly from the United Kingdom and the United States, over the years there has been a significant increase in visitors from China and other Asian countries.

This boom in tourism has led to significant investor investment in the Australian hospitality industry, particularly from China and neighboring Asian countries. Building on our extensive practical experience, we provide professional services to our hospitality and tourism clients, including new and existing industry investors, developers and businesses.

The ZERO2ONE Accounting team offers a wide range of services to the tourism and hospitality industry, including:

• Establishment of investment institutions
• Tax restructuring
• Asset acquisition
• Bank financing
• Services related to the purchase of Australian properties by non-Australian residents
• advising on mergers and acquisitions, including mergers, acquisitions and due diligence
• Advising on capital planning (in the form of debt or equity)

The real estate industry is the leading industry in Australia and the industry has a greater impact on the overall Australian economy than any other industry. The real estate industry is dominated by the development and sale of residential properties. The Australian real estate market has been booming in recent years and our clients include well-known property developers and real estate investment companies, which maintain a mutually beneficial relationship. The ZERO2ONE Accounting team is very experienced in this industry and is familiar with the processes and rules of the industry, which has enabled us to maintain good relationships with relevant organizations in this industry, such as financial institutions, contractors, real estate agents, investors, real estate design firms, property lawyers and asset appraisers. We have a unique insight into property values, future yields and all types of real estate such as residential property, commercial property or agricultural land.

Our team can provide you with:

• Advice on tax structuring (family trusts, unit trusts, etc.)
• GST advice (GST going concern)
• Asset acquisition
• Advice on the purchase of Australian property for non-Australian residents
• Advice on corporate mergers and acquisitions including mergers, takeovers and due diligence
• Advising on capital planning (in the form of debt or equity)
• Other day-to-day services such as tax compliance, audits, etc.