People receiving business advice from a professional.

We are Imax Business Group

Maximise your business efficacy

The Melbourne CBD, 5 km east of Kew.

Based in Melbourne, Vic

Leaders in Accounting, Tax & Business Advice

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Cloud based Accounting

Leave the paperwork and bring your business online

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Mortgage Broking Advice

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A couple receiving mortage broking advice for their Melbourne property.

Mortgage Broking Advice

Start your home or investment property journey today

About Imax Business Group

Reach Greater Heights at Imax

Imax Business Group is a professional Business Centre, providing accounting, taxation, finance and business advisory services, located in Melbourne's inner city.

At Imax Business Group we go beyond the conventional frameworks to achieve a holistic experience and help you improve your financial wellbeing.

At Imax BG, whether you are starting your business, maintaining the momentum, or growing your business implementing our advice and strategies can help you:

  • protect your assets
  • create more wealth
  • improve your cashflow
  • pay the minimum tax — within the law, and importantly
  • create your financial roadmap to success

We work successfully across a variety of industries, sole traders, small and large businesses. Every client is given the opportunity to develop successful operating strategies with financial plans tailored to their needs and objectives.

You are most welcome to zoom in or come in and talk about what you would like to achieve... coffee and cake are on us.

Let’s get started and see what is possible for you!

Our Services

Industry Focus

Client Testimonials

“We have known Arthur since 1981, which was his first year of completing income tax returns. Yes that was a long time ago but we have followed him everywhere he went. Starting from the basic salary tax returns, we have progressed to the more complex family trust structures involving our kids and their families. He has done a wonderful job looking after us for so many years"

— Tina and Paul Didaskalou, Northcote Victoria

“I have been having my tax done by Imax for many years. It started as a simple tax return but over the years has become increasingly complex. Imax handles it all efficiently. Now that we are setting up a small business their advice on that is invaluable.”

— Anne Yurcina, Blackburn Victoria

“Over the past 6 years Arthur and his team have helped guide and manage our business from start-up. Imax has helped us put systems in place which makes the day to day running of the business a no-brainer. During this time, I have found all at Imax to be true professionals with a complete understanding of our business. They are pro-active, well informed, approachable, friendly and an effective team.”

— Dario Balfone and Christine Isaac, Fitzroy Victoria

“Our experience with the Yellow Brick Road team has been very rewarding. We are in a far better position and face a more secured future with our financial situation than what it was previously. We have found the team at Yellow Brick Road to be very professional, approachable and readily available to us when the need is there.”

— Paul and Jenny Kyriakopoulos, Viewbank Victoria

“Being new to Melbourne I was searching for a local accountant and met with Arthur on a friend's recommendation. The difference with Imax is they listen. I always feel my particular needs are important to them to best help me. The team customer service focus is amazing, going beyond expectations to make sure the job gets done and the customer is satisfied. Almost 5 years on Imax still pay attention to the simple business principles of knowing their stuff and helping the client!"

— Ellie Lucas, Melbourne

Latest News

State and Federal COVID-19 support

State and Federal COVID-19 support

 The following links are to the latest state and federal government plans, schemes, programs, and initiatives...

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ATO extends COVID-19 relief for SMSFs

ATO extends COVID-19 relief for SMSFs

The ATO has made an extension to several COVID-19 compliance relief for SMSFs to cover the 2021-22 financial...

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Treasury consults on increase to charities financial reporting threshold

Treasury consults on increase to charities financial reporting threshold

The revenue thresholds defining small, medium and large charities are set to be raised, saving over 5,00...

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Greenhouse gas emission by country since 1880

Greenhouse gas emission by country since 1880

The total sum of CO2 emissions since 1880 (in tons). Food for thought, that's for...

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ATO announces STP Phase 2 blanket deferral

ATO announces STP Phase 2 blanket deferral

Australian employers will now have two more months to transition to the second phase of Single Touch Payroll...

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Reminder: super changes for the 2021 financial year

Reminder: super changes for the 2021 financial year

The government’s long-slated “flexibility in superannuation” legislation is finally...

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Recontributions of COVID-19 early released super

Recontributions of COVID-19 early released super

Under the COVID-19 early release measures, individuals could apply to have up to $10,000 of their super...

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Working from home during a COVID-19 lockdown: Can you claim a tax deduction for rent?

Working from home during a COVID-19 lockdown: Can you claim a tax deduction for rent?

The ATO has long held firm on the principle that rent payments (being a form of occupancy costs) are generally...

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Lockdowns and mental health

Lockdowns and mental health

 Victoria endures its sixth lockdown as the state's cases grow; NSW records 1,281 new local COVID-1...

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Tools & Resources

Contact Us

Get in Touch

Imax Business Group welcomes your enquiry. To book an appointment or simply ask us a question, fill in your details and we'll be in touch soon!

Our Story

Imax Business Group (IBG) was founded by Arthur Ioannou in 1994 as an accountancy practice. Within a few years and a steady stream of loyal clients, it soon grew from a one-man operation into a busy accountancy business.

In 1999 IBG relocated into larger premises in North Fitzroy and then in July 2005 moved into its own premises at 652 Smith Street Clifton Hill. The warm yet professional atmosphere of this historical and architecturally renovated building reflects IBG as a dynamic and well-established centre for accountancy, management consultancy, and financial planning. As IBG grew, so too did its staff. IBG’s management and staff come from diverse professional backgrounds including accountancy; economics; management consulting; financial planning and justice.

The original intention and naming of Imax was a blend of two ideas. One was a passion to work closely with clients, by being able to have ‘real and honest financial conversations. Number two was to assist them to grow and prosper financially. Collectively it was about taking Individuals to their MAXimum.

This still remains the cornerstone of our commitment to our client's growth and financial wellbeing. This philosophy also forms the foundation of the relationship we have with our staff; through ongoing training and development - to take Individual staff to their MAXimum.

Arthur Ioannou

CEO and Founder

Arthur’s key role at Imax Business Group is to define and develop tailored business strategies for clients. What Arthur brings to IBG clients is his extensive financial and business background including running business programs for the Federal Government and advising private company boards.

In addition to his extensive taxation knowledge and skills he had been selected by CPA Australia to run education programs for other accountants and businesses throughout Australia.

Over the years he has been invited to sit on at on ASX listed public boards, written the book Simply Business Money and assisted various organisations in high value consulting work; at times acting as an external CFO to turn businesses in difficulty into high performers.

Arthur has a background in education working as a trainer, facilitator, educator and lecturer. He has developed a special interest in health and wellbeing, has obtained number of qualifications in mental health and is actively promoting the value and benefit of holistic and conscious business learning.

In his recreational pursuits is a lover of high performance sports, developing people and perhaps most importantly being the co CEO of his family of 4 young kids, helping them to be the best they can be.

Accounting & Taxation

We’re delighted to offer you this Revolutionary way of working together! For an up-front agreed monthly amount, we will provide you with these services:

12 Month Cash Flow Projection & Profit Plan

We will work with you to set profit and cash flow targets for the next 12 months. By Restructuring your chart of accounts to have peace of mind knowing precisely the income, each business segment needs to cover outgoings.

FREE Accounting Software

You will receive access to XERO as part of this package. XERO is an online accounting system designed for business owners to work with their accountants, business partners and staff, all in real-time.

XERO designed to help manage your business and cash flow more effectively – over the internet. There is no software to install, and it’s no hassle to set up. XERO allows you to get on with your business and not have to worry about a non-value-adding aspect of your business - accounting.

Quarterly & Annual Financial Statements

We will prepare your Financial Statements each quarter – analyse them, forming the basis for your Quarterly “On-Track” Review.

Quarterly “On-Track” Review

Each quarter we will meet with you (at either office or over the phone) to review all critical areas of your business, compare actual results against targets, and revise strategies to keep your business moving forward.

Business Activity Statements (BAS)

We will prepare and lodge all of your Business Activity Statements each quarter and keep you fully informed of due dates for payments.

Annual Needs Review

Each year we will review your individual and business needs using a pre-set Agenda to ensure that your Asset Protection, Estate Planning, and Wealth Creation needs realised.

Year-End Tax Planning Review

In the final quarter of the tax year, we will review your year-end tax planning options and meet with you to discuss your Action Plan to save tax legally.

Tax Returns

We will prepare and lodge all of your Business and Individual Tax Returns, and provide you with a Tax Payments Schedule to keep you on track.

Annual ASIC Company Review

We will prepare and lodge your annual Company Review for your Companies (ASIC fees NOT included).

Unlimited Telephone and Email Access

Communication is key. Calling or emailing us regularly for advice is encouraged; in the knowledge, it will not cost any extra (limit of 15 min per phone call, some guidance may require further research at an additional up-front fee).

Key Advantages of this Proposal

  1. Peace of Mind – Everything is accounted for!
  2. Fixed monthly fee – You can easily budget for this.
  3. XERO Accounting system will make your life so much easier.

We can work closely together throughout the year to:

  • GROW your business and assets
  • Improve your CASH FLOW and PROFITS
  • PROTECT your business and family assets
  • Plan for your BUSINESS SUCCESSION and ESTATE PLANNING

Management Consulting

Helping our clients grow, strengthen and develop their businesses is our main aim. Whether small, medium or large receiving expert help in areas such as strategy development, management accounting, cost analysis and budgeting is very important to attaining a business’s short and long term objectives.

We work to enable you and your business to maximise potential and profitability. We do this by providing the appropriate technical and commercial solutions to resolve issues that might impair the attainment of your goals. We work with many private family clients.

This gives us the expertise and experience to provide succession strategies that allows for the effective transfer of wealth to future generations. We specialise in the following:

Business Owner Checklist

Contact us today to discuss how we can work together: (03) 9481 6244 or email us at info@imaxbg.com.au

Software Integration

Streamlining your business

We are uniquely positioned to organise the management software you use, or could use, to maximise the efficiencies gained by your business for employing such technologies.

For example:

  1. Begin by ensuring all your financial information, KPIs and compliance obligations are correct and up to date.
  2. Analyze the software you have such as Service Mate, Xero, and Receipt Bank to ensure they work together in the most efficient and business developing manner. We will also recommend other technologies that we feel will add to what you already have.

Once the clean-up phase is complete and your accounts are up to date, we will shift to the Growth phase that will include the following:

  1. Perform the bookkeeping, reconciliation, compliance, and reporting tasks needed for good management.
  2. Perform Company and Individual Tax Returns
  3. Meeting throughout the year to ensure your plans are on track.

You will have access to your account manager whenever required.

Contact us today to discuss how we can work together: (03) 9481 6244 or email us at info@imaxbg.com.au

Lending Solutions

We supply great lending solutions through a third-party supplier, Yellow Brick Road.

We do this to ensure our clients get the best solutions possible for their needs and by filling in the form below we are in control of your query to ensure our lending partner looks after your needs in the best and most professional manner possible.

Specifically, we can assist you with:

  • Commercial/Business loans, including working capital, trade and invoice financing
  • Property Construction and development funding
  • Home Loans, principal place of residence and investment
  • Refinance and loan reviews
  • Equipment and motor vehicle finance
  • Transactional and Payment processes and logistics

Please complete the accompanying form and we will get back to you soon after.

Wealth Accumulation

You are establishing and building a career, starting a family, and beginning to accumulate assets which will form the bedrock of your financial position. Types of Financial Planning advice you may require include:

Services we provide to assist you with the above:

Contact us today to discuss how we can work together: (03) 9481 6244 or email us at info@imaxbg.com.au

Self Managed Superannuation Funds

Self-Managed Superannuation Funds (SMSFs) offer an alternative strategy option for many individuals, families and small business owners to build tax effective wealth and protect assets over time. SMSFs are becoming popular for those who are ready to take control of their own super investments as they give you ultimate control and flexibility to manage your retirement benefits.

It must be noted though, that you will have increased responsibilities as a trustee of the fund. As a SMSF Trustee, you need to keep up to date with all required SMSF regulations and be aware of changes occurring in financial markets.

We can work with you to understand your personal financial situation and decide whether a SMSF structure is appropriate for you. We will also help you to invest your assets in the most effective way to maximise your retirement benefits, whilst complying with your fund’s investment strategy.

It is generally agreed that there are a number of benefits of an SMSF, but it is important that you also understand that an SMSF may not suit your situation. Outlined below are some of the reasons why a SMSF needs to be considered carefully before establishment:

Benefits:

Disadvantages:

Running and managing a SMSF may not be suitable to everyone. Many of the advantages are also a disadvantage:

Should you wish to consider establishing a SMSF then we can help with:

Contact us today to discuss how we can work together: (03) 9481 6244 or email us at info@imaxbg.com.au

Professional Services

Many of Australia’s best and most successful businesses are privately owned but such ownership comes with its own unique needs and challenges. Imax Business Group have many years experience working in this area and understand well the unique challenges facing owners of family businesses.

While family businesses face the normal ups and downs of business life there is always the added complexity of family relationships that can make business decisions more difficult. At Imax Business Group we are able to manage all businesses aspects of such ventures due to our long experience working with family businesses that means we look to address other issues that might impact more heavily than they should. Issues such as:

We pride ourselves on the strength of the relationships we build with our clients and the depth of knowledge and understanding we develop over time. Nowhere is this more important than with our family business clients.

Contact us today to discuss how we can work together: (03) 9481 6244 or email us at info@imaxbg.com.au

Construction & Property Developers

The process of running a construction business can be profitable though extremely time-consuming at points. Client deadlines, management of construction supplies, Occupational Health and Safety on site, along with overseeing staff and subcontractors is a lot to deal with it as it is.

Effective management of your cash flow and other financial requirements such as taxation can make the difference between your building business flourishing or struggling. Using a professional accountant that understands the financial issues of running a business can provide a benefit to you and your business, such as giving you more time to focus on your business and personal life, rather than worrying heavily about taxation.

With years of industry experience, Imax Business Group has provided accounting services to building businesses in the suburbs of Melbourne, delivering comprehensive tax services and knowledge in the industry.

COMPREHENSIVE SERVICES

We provide a wide range of accounting services and advice to businesses and individuals, including:

Whatever direction you’re looking to take your business or contracting, we’re here to help with your taxation and accounting needs. It’s a common situation where builders, trades people and businesses are using software that is beyond their requirements, potentially leading to confusion along with a waste of time and money. We can provide advice with record keeping in regards to your expenses and income, based on your accounting skill level and what is appropriate for your business and goals.

Contact us today to discuss how we can work together: (03) 9481 6244 or email us at info@imaxbg.com.au

Health & Allied Services

Working in the medical industry can be incredibly fulfilling though also extremely time consuming. Potentially long and extended hours, keeping up to date with patient or client details, travelling and on call jobs can leave you exhausted.

With all this on your plate, worrying about parts of your taxes shouldn’t be an issue. A professional accountant can assist you with your taxes and accountancy, giving you more time to focus on your career and personal life. Not only can accountants reduce your taxation work load but they can also assist with evaluating your expenses to reduce the amount of tax payable or enhance your tax return depending on your situation.

Imax Business Group have helped a range of doctors and medical professionals with their accounting and taxation needs for years in Melbourne. With a devoted team of accounting experts, we focus on providing great service and support for all our clients, whether an individual, small practice, organisation or large business.

Not only do we provide accounting services to doctors but also a large range of medical professionals and careers, such as the following:

Contact us today to discuss how we can work together: (03) 9481 6244 or email us at info@imaxbg.com.au

General Calculators

Useful Links

Accounting Videos

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