Darkwave Consulting

We are a young and vibrant Chartered Accounting Firm in Fitzroy. We take pride in the Professional Services we provide, helping you to get the most out of your business.

Our Specialities

music

Music and Entertainment Industry

We have 20 years of accounting experience in the music industry. Our current clients include some of Australia’s most prolific and internationally successful artists.

Learn More

video

Film and TV Production

Providing specialist services for film and TV production companies, talent and crew including producers, actors, directors, writers, editors and all production crew.

Learn More

star

Performance and Arts Industry

Services for theatre productions, variety performers, visual artists, installation artists, illustrators, writers, journalists, editors, animators and designers.

Learn More

wifi

IT & Web Design

Services for software application and website development companies, graphic designers, social networking and e-commerce developers.

Learn More

cart

Hospitality Services

From small restaurants to food trucks and pop-up locations, to large operations and wholesalers, we can assist any type of hospitality business

Learn More

creditcard

Retailing Services

Services for fashion designers, manufacturers and wholesalers, through to boutique retail stores in the fashion and entertainment industry

Learn More

flask

Medical, Legal & Professional Services

Business services for medical Practitioners, barristers, financial planners and other professionals

Learn More

love

Not For Profit & Charities

For the Not-for-profit sector, we provide you and your management team the benefit of our experience and knowledge

Learn More

buildings

Architecture and Property Management

For professional architects & engineers, to large and small property developers and investors

Learn More

Close
music

Music and Entertainment Industry

We have 20 years of accounting experience in the music industry. Our current clients include some of Australia’s most prolific and internationally successful artists.

We act as accountants and tax agents for musicians, managers, record and publishing companies, publicists, booking agents, support crew, promoters, advertisers, live music venues and music festivals.

Our extensive experience in Australian and international tax, royalties and financial management ensures that each artist receives attentive business tax advice and service from fully qualified and knowledgeable professionals.

Our services encompass the following:

  • Full back office and bookkeeping services, including processing payments, invoicing and debt collection,
  • Tour and project budgets and costings
  • Profit and Loss and Balance Sheet reporting, preparation and analysis of monthly management accounts
  • Preparation and lodgement of Income Tax Returns
  • Preparation and lodgement of Business Activity Statements, Instalment Activity Statements, Fringe Benefits Tax returns, PAYG withholding reports, and Superannuation reporting obligations
  • Tax planning
  • General business and taxation advice
  • Non-resident taxation obligations
  • Foreign income and tax residency implications
  • Withholding tax obligations, including special rules for performers
  • Royalty accounting, analysis and audits
  • Export marketing development grant applications and lodgements
  • Grant acquittals
Close
video

Film and TV Production

Providing specialist services for film and TV production companies, talent and crew including producers, actors, directors, writers, editors and all production crew.

We provide production accounting and QAPE services to film production companies, both in feature films and documentaries. We have extensive experience in all aspects of the tax implications of SPVs, and the specific taxation rulings for people working in the film and television industries.

Our services encompass the following:

Production accounting, including processing payments, invoicing and debt collection, cost reporting in prescribed formats, investor reporting, budgeting assistance and QAPE services.

  • Profit and Loss and Balance Sheet reporting, preparation and analysis of monthly management accounts
  • Preparation and lodgement of Income Tax Returns
  • Preparation and lodgement of Business Activity Statements, Instalment Activity Statements, Fringe Benefits Tax returns, PAYG withholding reports, and Superannuation reporting obligations
  • Payroll tax reporting and advice
  • Tax planning
  • General business and taxation advice
  • Non-resident taxation obligations
  • Foreign income and tax residency implications
  • Withholding tax obligations, including special rules for performers
  • Royalty accounting, analysis and audits
  • Export marketing development grant applications and lodgements
  • Grant acquittals
Close
star

Performance and Arts Industry

Services for theatre productions, variety performers, visual artists, installation artists, illustrators, writers, journalists, editors, animators and designers.

Our services range from preparing income tax returns and Business Activity Statements to full back office and bookkeeping services.

Our services encompass the following:

  • Full back office and bookkeeping services, including processing payments, invoicing and debt collection.
  • We provide specialist bookkeeping services for theatre productions to determine profitability by performance and by location.
  • Tour and project budgets and costings.
  • Profit and Loss and Balance Sheet Reporting, preparation and analysis of monthly management accounts
  • Preparation and lodgement of Income Tax Returns
  • Preparation and lodgement of Business Activity Statements, Instalment Activity Statements, Fringe Benefits Tax returns, PAYG withholding reports, and Superannuation reporting obligations
  • Payroll tax reporting and advice
  • Tax planning
  • General business and taxation advice
  • Non-resident taxation obligations
  • Foreign income and tax residency implications
  • Withholding tax obligations, including special rules for performers
  • Royalty accounting, analysis and audits
  • Export marketing development grant applications and lodgements
  • Grant acquittals
Close
wifi

IT & Web Design

Services for software application and website development companies, graphic designers, social networking and e-commerce developers.

In addition to handling all your compliance requirements, we also provide specialist services in relation to applying for and claiming the R&D Tax Incentive in your company tax return, as well as advice on Employee Share Schemes for start-up businesses looking to incentivise their staff and management teams.

Our services for this sector encompass the following:

  • Full back office and bookkeeping services, including processing payments, invoicing and debt collection
  • Project budgets and costings
  • Profit and Loss and Balance Sheet Reporting, preparation and analysis of monthly management accounts
  • Preparation and lodgement of Income Tax Returns
  • Preparation and lodgement of Business Activity Statements, Instalment Activity Statements, Fringe Benefits Tax returns, PAYG withholding reports, and Superannuation reporting obligations
  • Tax planning
  • General business and taxation advice
  • Non-resident taxation obligations
  • Foreign income and tax residency implications
  • R&D Tax Incentive applications and lodgements as part of a company tax return
Close
cart

Hospitality Services

From small restaurants to food trucks and pop-up locations, to large operations and wholesalers, we can assist any type of hospitality business

Whether you are a large bar & restaurant with multiple locations, or a food truck on the street corner, or a pop up shop, we can provide our expertise to help you grow and succeed.

Our services for this sector encompass the following:

  • Full back office and bookkeeping services, including processing payments, invoicing and debt collection
  • Payroll processing and review of appropriate staff Awards
  • Budgeting and reporting for different locations and revenue streams
  • Profit and Loss and Balance Sheet Reporting, preparation and analysis of monthly management accounts
  • Preparation and lodgement of Income Tax Returns
  • Preparation and lodgement of Business Activity Statements, Instalment Activity Statements, Fringe Benefits Tax returns, PAYG Withholding reports, and Superannuation reporting obligations
  • Tax planning
  • General business and taxation advice
Close
creditcard

Retailing Services

Services for fashion designers, manufacturers and wholesalers, through to boutique retail stores in the fashion and entertainment industry

For fashion and art designers looking to set up wholesale retail trading, or music and bookstore retailers wanting to setup shop, we can provide our expertise to help you grow and succeed.

Our services for this sector encompass the following:

  • Full back office and bookkeeping services, including processing payments, invoicing and debt collection
  • Payroll processing and review of appropriate Staff Awards
  • Inventory and point of sale solutions and integrations
  • Budgeting and reporting for different locations and revenue streams
  • Profit and Loss and Balance Sheet Reporting, preparation and analysis of monthly management accounts
  • Preparation and lodgement of Income Tax Returns
  • Preparation and lodgement of Business Activity Statements, Instalment Activity Statements, Fringe Benefits Tax Returns, PAYG Withholding reports, and Superannuation reporting obligations
  • Tax planning
  • General business and taxation advice
Close
flask

Medical, Legal & Professional Services

Business services for medical Practitioners, barristers, financial planners and other professionals

We provide professionals in these business sectors with advice on managing and operating a professional services business, including advice on operating structures, accounting systems and managing work-life balance.

Our services for this sector encompass the following:

  • Full back office and bookkeeping services, including processing payments, invoicing and debt collection
  • Payroll processing and salary packaging for professional staff
  • Budgeting and reporting for different locations and business sectors
  • Profit and loss and balance sheet reporting, preparation and analysis of monthly management accounts
  • Preparation and lodgement of Income Tax Returns
  • Preparation and lodgement of Business Activity Statements, Instalment Activity Statements, Fringe Benefits Tax Returns, PAYG Withholding Reports, and Superannuation reporting obligations
  • Tax planning
  • General business and taxation advice
Close
love

Not For Profit & Charities

For the Not-for-profit sector, we provide you and your management team the benefit of our experience and knowledge

We offer specialist services to not-for-profit organisations, designed to ensure your organisation is compliant and operating at peak performance levels:

  • Regulatory compliance
  • Tax status reviews
  • Funding applications
  • Salary packaging advice
  • Policies & procedures documentation
  • Fraud prevention
  • Organisation restructuring
  • Mentoring of senior management in financial management
  • Corporate governance issues
Close
buildings

Architecture and Property Management

For professional architects & engineers, to large and small property developers and investors

In addition to handling all your compliance requirements, we have experience in the correct use of the Margin Scheme for property developers, structuring for efficient property investment and assisting with business structure advice for architects and engineers.

Our services for this sector encompass the following:

  • Full back office and bookkeeping services, including processing payments, invoicing and debt collection
  • Project budgets and costings
  • Profit and Loss and Balance Sheet reporting, preparation and analysis of monthly management accounts
  • Preparation and lodgement of Income Tax Returns
  • Preparation and lodgement of Business Activity Statements, Instalment Activity Statements, Fringe Benefits Tax Returns, PAYG Withholding Reports, and Superannuation reporting obligations
  • Tax planning and business structuring
  • General business and taxation advice

Professional Services

Cost

Financial Accounting and Reporting

Provision of reporting services for all entity types

Learn More

book

Management Accounting and Bookkeeping

Provision of customised reporting for your business and industry type

Learn More

connection

Business Tax Compliance and Strategy

Keeping on top of the compliance so you can focus on the business

Learn More

barchart

Superannuation and Investment Management

Providing you with more control of your investments

Learn More

transfer

Project Management

Professional project management services for all types of businesses big or small

Learn More

check

General Income Tax Compliance

For individuals and sole-trader businesses

Learn More

Close
Cost

Financial Accounting and Reporting

Provision of reporting services for all entity types

The Annual Financial Accounts are an opportunity to review and discuss an entity’s activities throughout the preceding year. Financial Accounts are intended to give business owners and other interested parties information about the company’s activities and financial performance.

A financial report can be an overwhelming and confusing document without the proper guidance as to what it truly means. We provide expertise and assistance to guide you in understanding what the reports mean and how the information can be used to improve and enhance your business operations.

Close
book

Management Accounting and Bookkeeping

Provision of customised reporting for your business and industry type

Although Annual Reports provide an overall position for the financial year, management accounts are much more detailed and designed to pinpoint particular aspects of the business.

Breaking down reports to show profitability by project or business location can be extremely useful in being able to pinpoint problem areas of a business, or it may identify areas of wastage that are impacting on profitability.

In many instances we become involved in creating the internal processes of your business to capture and then report on the key information required, and then work with you to interpret the reporting to improve and grow your business.

Close
connection

Business Tax Compliance and Strategy

Keeping on top of the compliance so you can focus on the business

Business taxes include the monthly or quarterly Business Activity Statement. For employers this also encompasses PAYG withholding and superannuation obligations.

In addition to these federal taxes, each state has its own compliance regime of workers compensation insurance and payroll taxes.

With proper management accounting and bookkeeping practices, dealing with these reporting and payment obligations can be managed and, in many cases, avoided altogether.

In addition, having your information up-to-date provides opportunities for forward planning, knowing what your potential income tax liability may be and taking action when you are still able to so that there are no surprises later in the year.

Close
barchart

Superannuation and Investment Management

Providing you with more control of your investments

For those who are close to retirement or those who wish they were, self-managed super is a great way to take control of your finances. In conjunction with proper financial planning advice, superannuation can be managed at no additional cost to what you would pay within a retail super fund.

This is, however, a highly regulated and complex area of accounting and taxation. It's vital you get the right advice from the start.

We have many years of experience working in conjunction with financial planners and superfund auditors to ensure the compliance aspect of running a self-managed superannuation fund is done as efficiently as possible, whilst also ensuring compliance with ever-changing taxation and statutory regulations.

Close
transfer

Project Management

Professional project management services for all types of businesses big or small

From our years of experience in public practice accounting, we have observed that the biggest problems arise when clients don’t engage the services of experienced people when undertaking a one-off project or side venture.

We provide project management services from the start of your project, be it a seminar, conference, or developing a new property from which to run your business.

We sit down with you to organise a strategic plan and financial budget, which we then implement and manage in partnership with you to ensure the project is run according to plan.

Close
check

General Income Tax Compliance

For individuals and sole-trader businesses

We have tailored questionnaires to help guide you and make sure we don't miss a thing in preparing your individual tax return.

Doing a Tax Return can be a daunting proposition for most people. We take you through step by step so you know what information to provide, in a format that will enable us to ensure you comply with taxation law.

We deal with many varied issues relating to individual income tax and sole-trader businesses, including:

  • Capital Gains Tax issues with shares or sales of rental properties
  • Non-commercial loss rules for professional arts businesses
  • Professional artists’ income averaging
  • Proper record-keeping requirements and apportionment of business and personal expenses
Providing the expertise you need whatever your situation

Pricing Options

Fixed Fee Quotation

Fixed Fee Quotation

Every business is unique, both in its character and the people who run it. In recognition of this, we don't believe in a "one size fits all" pricing structure for our clients.

Our fixed price service offering takes into consideration your individual and business circumstances, and provides a fixed monthly amount that covers all your requirements and provides peace of mind knowing up front what your annual costs for our services are.

Click the link below to ask us more about providing you with a tailored quote for your Accounting and Taxation services.


Enquiry Now

Latest Updates

Twitter Get ready for a brand new financial year! Our 2015 tax info sheets for individuals and businesses are now available. http://t.co/kB0VQHmg4k

Budget Announcement - Small Business Tax Offset

Read More

Twitter The 2015 financial year is almost upon us! Our 2015 tax information sheets for both individuals and businesses... http://t.co/1uZj6UWxz9

Budget Announcement - Immediate changes to depreciation rules for small businesses

Small business asset accelerated depreciation write-off up to $20,000 per year

Read More

Twitter This is Jarvis the kitten, our newest office addition. At the moment, he's taking care of very important taxation... http://t.co/6ueJxRS5fe

2014 Tax Return Lodgement Date

The 2014 Tax Lodgement Due Date is 15th May 2015

Read More

We Use

Xero: beautiful accounting software

Xero: beautiful accounting software

Log in online anytime, anywhere on your Mac, PC, tablet or phone and see up-to-date financials. It’s small business accounting software that’s simple, smart and occasionally magical. Darkwave is a Xero Gold Partner and provides setup, training and ongoing support so you get the most up to date information for your business.

Learn More

MYOB: accounting software for Australian small business

MYOB: accounting software for Australian small business

Online accounting that makes business life easier. Darkwave has many years of experience with MYOB and is a Professional Partner, and is able to provide support for existing users of MYOB software.

Learn More

About Us

Andrew Elmore

Chartered Accountant, Registered Tax Agent and Certified Xero Advisor

Andrew has over 17 years experience in Public Practice as well as Private Industry. With experience as CFO for a large private company, he specialises in designing internal systems to maximise efficiency and reporting accuracy. Andrew also conducts all our Xero Training for people new to the software, as well as helping existing businesses expand their knowledge and reporting capabilities.

LinkedIn LinkedIn

Meredith Fannin

Chartered Accountant, Registered Tax Agent, and Certified Xero Advisor

Meredith has been working in public practice accounting her entire professional career. She commenced Darkwave in 2006 and specialises in all Accounting and Tax aspects of the Music, Arts, Film, Media and Entertainment industries. Her experience in this field has resulted in Meredith being selected as an expert witness and forensic accountant in several legal cases, as well as being a sought after speaker at industry conferences and workshops.

LinkedIn LinkedIn
Personalised professional services for businesses large and small
Chartered Accountants

Chartered Accountants

As Chartered Accountants we uphold the highest standards of the Accounting Profession.

Registered Tax Practitioners

Registered Tax Practitioners

As Registered Tax Agents, you can be assured that our Training and Knowledge of the Australian Taxation System is second to none

Useful Links

Contact

Make an Enquiry