Executive Summary
In Brief
Summit Consultants is a boutique accounting business focusing on small and medium enterprises in Sydney from our Artarmon office.
Our focus is on our clients’ wealth:
Wealth
- Creation through business and/or investments
- Protection through appropriate structures, entities and insurances
- Enhancement through appropriate tax measures
- In Retirement using Self Managed Superannuation
- Maximising business profits through well thought-out strategies and performance monitoring
We take our own advice with respect to corporate governance and have established an advisory board including our own three directors who meet regularly with external advisory to review Summits’ progress.
Our client Relationships
Of paramount importance is our relationship with our clients. Our clients are rightly concerned with their financial affairs and in order to service them over the long-term we need to operate an efficient and sustainable business.
Consequently we are always striving to improve our efficiency, productivity and reduce our costs. This helps us to keep our fees down and pass on the savings to our clients. We have streamlined our systems and processes over the past few years, including embracing electronic data processing, direct bank data feeds and IT cloud solutions.
We ask that our clients participate with us in this process by providing us with all of their information in a timely and accurate fashion. In return, we offer fixed price services. We do not charge by the hour, so clients do not experience bill-shock or pay for our inefficiency and they are in control of their accounting fees. We scope out the service we are providing in detail, in advance. In addition, we provide instalment payment options for our fees to help smooth out client’s cash flow. The onus is then on us to optimize our efficiency and complete the work within acceptable time frames.
The quality and efficiency of our service is underscored by our business model. Our role as the directors of Summit is to be directly accessible and accountable to our clients, to provide them with high end, value added strategic advice, and to oversee the work undertaken by our staff. We trust our staff to be hands on with our clients’ accounting and taxation matters under our supervision. This means that as Directors we are not immersed in the processing of accounting and tax returns, and instead we can fulfill our guarantee to personally respond to any communication or request clients from in no later than 24 hours.