Varsity Lakes accountants: the questions we get.
Do you work with software and technology companies in Varsity Lakes?
Yes. Varsity Lakes has a growing cluster of software, consulting and technology businesses around Varsity Central and Bond University. The accounting questions are specific: R&D and software development spend, deferred revenue on subscriptions, contractor versus employee treatment, and the structure that an investor or a partner will want to see before they come in.
Should my Varsity Lakes consultancy use contractors or employees?
It depends on the work and the ATO’s tests, not on what is convenient. Getting it wrong means back-paid super, payroll tax and penalties. We review how each role actually operates, advise on the treatment and make sure contractor payments are reported correctly. We do not run payroll, but we set it up properly in Xero and reconcile wages and super every month.
Can you help us get investor-ready?
Yes. Investors want clean financials, a structure that can take new shareholders without a tax problem for the founders, a forecast that stands up to questions and a shareholder agreement that covers the hard cases. Our virtual CFO and structuring teams handle the first three, New Wave Law the fourth, all quoted up front.
How often would we meet if the business is in Varsity Lakes?
Monthly for virtual CFO clients, quarterly for advisory, and at least once a year in May for tax planning on every file. The office is about fifteen minutes away in Mermaid Beach, and most Varsity Lakes clients mix a couple of in-person sessions a year with video for the rest. Your designated team is the same either way.