Are your accounts in a MESS and delaying Tax and BAS lodgements?
Solutions from our Accountant for Small Business
- Produce profit and loss statements for financial analysis
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Produce Balance sheet
- Analyse your financial data to eliminate unnecessary costs
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Prepare and Lodge Business Activity Statements
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Prepare and lodge Fringe Benefits Tax.
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Prepare and lodge Fringe Benefits Tax.
- Offer ethical taxation advise to reduce your tax bill throughout the financial year and even on tax due date Australia.
- Prepare and lodge annual business Tax Returns.
Do I need a Bookkeeper or Accountant?
This is a tricky question, the answer is you need Both; as managing your business’ financials is comparable to building a dream home, which you need tradies, an architect and an engineer.
10 BENEFITS of engaging our accounting firm Melbourne:
- Compliance with accounting standards: Our bookkeeper and accountant for small business will perform full house bookkeeping and accounting functions to ensure accuracy and compliance with accounting standards.
- GST compliance: GST on sales and purchases will be recorded correctly so you can claim your GST credit entitlements back.
- Financial Budgeting: Bookkeeping is essential as it presents real-time data to help you budget..
- Financial and Tax Planning: bookkeeping presents historical and current financial performance to give a clear picture of what sales products or services sell most and what does not. It’ll not only allow you and your tax agent to plan for strategic business purposes but also play a vital role in tax planning..
- Taxes: proper bookkeeping will ease tax preparation and lodgement.
- Financial Analysis: accountants can produce profit and loss statements and balance sheets to analyse your financials.
- Financial Management: bookkeeping shows a clear picture of your sales and expenses. If your cash flow is flowing fine, our accountant recommends considering deferring invoicing invoices to 1 July.
- Improves Cash Flow: bookkeeping provides information regarding overdue invoices – customer or vendor name, amount, and due date, which can be used to implement better cash flow policies. Some examples are:
- Sales invoice: shortening the payment terms so customers pay earlier
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- Vendor’s bills: delay vendor payments by a day before due date or pay by the due date.
- Review Ready Financials: the financials will be accounting, tax and audit ready.
- Peace of Mind: when your books are completed properly, you can focus on making money knowing the ATO and banks no longer have to give you anxieties.
OUR CERTIFICATIONS
Tax Agent 25805626
ASIC Registered Agent 47763
Xero Partner
MYOB Partner
What Clients are Saying about accountant for small business...
I received very good service from veronica. She explained everything in details. thanks for doing my sole trader tax return
Tarun Patel
Sole TraderExcellent and prompt service. My first time using a local tax accountant near me and will definitely use her service again. They're highly knowledgeable in tax and accounting. Highly recommend.
Shen Shing
Sole TraderExcellent service. I am extremely happy and will definately recommend Tax & Accounting House. This is my first year being self employed. I had no idea how to do my tax. I called them asking basic questions, spoke to Véronique, she explained everything clearly and concisely, and always replys promptly to my emails. Thank you