faqs

I'm new to business. Can you help me?

As your accountant for a new business small business, here's a rough guide on what we do to help you if you're starting your new business.

  • Once we meet with you, our aim is to gain information on you as an individual and your businesses motives and goals, recommend and establish a suitable business structure based on your requirements and establish a suitable method for accounting for the business
  • We will advise you of all obligations with the ATO, set up all necessary registrations with the ATO including obligations related to running a business
  • We can supply Xero training through email and telephone support accompanied with support and are always available to answer client queries.
  • If you wish to focus on operating your business, we will advise on the best way to prepare your business documents for us
  • We will attend to all ATO lodgements and prepare accounts on a regular basis in order to provide meaningful reports that can be used in making the business operate more efficiently
  • We are always available to answer client queries and more than happy to attend on site for clients who find it hard to get away

To look at our services in more detail, click here or contact us.

our compliance packages

taxation 
^
  • Income Tax 
  • Capital Gains Tax
  • Fringe Benefits Tax
  • Goods & Services Tax
  • Direct & Indirect taxes
  • State Taxes (Including Payroll Tax & Land Tax

 

 
return preparation 
^
  • Tax returns for Individuals, Partnerships & Companies
  • Trusts
  • Self-Managed Superannuation Funds
  • SMSF Member Contribution Forms
  • Monthly, Quarterly & Annual Business and Instalment Activity Statements
  • Fringe Benefits Tax Returns
 
reporting 
^
  • Quarterly and Annual sets of printed and emailed accounts including profit and loss statements, balance sheets and depreciation schedules
  • Updated CD facilities for storing annual and quarterly reports as well as quarterly and yearly CD's which are issued to each client for their records.
 
lodgements 
^
  • ATO Electronic Lodgments 
  • Tax Returns for Individuals, Partnerships, Companies & Trusts 
  • Self-Managed Superannuation Funds 
  • SMSF Member Contribution Forms 
  • Monthly, Quarterly & Annual Business and Instalment Activity Statements 
  • Fringe Benefits Tax Returns 
  • Amend Returns if required
  • GST, PAYG Withholding and ABN registrations
 
advice 
^
  • Help with setting up your new business
  • Providing advice on business structure, eg. sole trader or company?
  • Answering all of your Taxation and Accounting questions
 
 

our business services packages

payroll 
^
  • Wages recorded on Xero
  • Annual Group Certificates
  • Workers Compensation preparation and lodgment
  • Monthly & Quarterly Superannuation calculations
  • Payslip preparation
  • Calculation of payroll and payments through internet banking
  • ATO Group Certificate reconciliation
  • Calculation of payroll tax and annual reconciliation
  • Payment of superannuation
 
accounts payable 
^
  • Record purchases on Xero
  • Attach PDF copy of invoice to entry
  • Reconciliation of invoices against statements
  • Drawing of cheques / organisation of electronic payments
  • Liaise with suppliers on queries, invoices & adjustments
 
accounts receivable 
^
  • Record sales invoices on Xero
  • Attach PDF copy of invoice to entry, if created in third party software
  • Reconciliation of invoices against both payments received and bank accounts
  • Liaise with customers on accounts receivable queries, invoices & adjustments
  • Third Party debt management software
 
bank reconciliation 
^
  • Monthly bank reconciliation using Xero
  • Bank feeds created with your nominated bank
  • Cash book reconciliation against bank statements
  • Follow-ups, to prevent incorrect bank charges
 
 

our advisory packages

reporting on ATO industry benchmarks 
^
  • Setting timely targets
  • Comparing your business within its particular industry
  • Analysing your business in relation to your competitors
  • Quarterly one-on-one meetings

 

 
cash flow analysis 
^
  • Providing cash flow forecasts for your next quarter
  • Anticipate and analyse key expenses
  • Realising and understanding cash availability
  • Expansion, taxes and stock control planning and preparation
  • Inventory level review
  • Quarterly one-on-one meetings
 
budgeting 
^
  • Setting financial targets
  • Budget reports based on actual figures
  • Measuring the performance of your business
  • Improving your chances of acquiring funding
  • Preparing you for the future of your business
  • Quarterly one-on-one meetings
 
KPI analysis of your business 
^
  • Setting new targets for the next period review
  • Comparing your business with its competitors
  • Implementing tailored goals and associated timelines
  • Highlighting accountability
  • Quarterly one-on-one meetin
 
goal setting and reporting 
^
  • Providing you with comprehensive strategies and solutions
  • New targets set for the next period review
  • Setting short and long term goals for your business
  • Setting realistic, clear financial goals
  • Establishing clear financial targets and key indicators
  • Reporting on your progress towards your goals
  • Highlighting areas of the business requiring improvement
  • Quarterly one-on-one meetings
 
 
 

need more info?

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