ALL-IN-ONE INBOUND BOOKKEEPING AND ACCOUNTING SERVICE.
Are your accounts in a MESS and delaying Tax and BAS lodgements?
Bookkeeping Problems that Cost you Audit and Fines:
- Has our accounts taken over your office?
- Struggling to locate invoices?
- GST errors due to incorrect chart of accounts and GST coding?
- Fines and Warnings from ATO for late lodgements?
- Fines or Warnings letter from Fairwork?
- No GST Refund due to unaware of GST legislation..
- Unable to make financial decisions due to incomplete and wrong accounts?
Solutions from our bookkeepers in Melbourne
Reconciliations
- check your chart of accounts
- correct GST coding
- reconcile balance sheet, profit & loss.
- enter journal entries
Payroll
- file correct employee documents
-check employee entitlements
- check PAYG withheld accounts
- reconcile super accounts between what has been paid against what has been reported to ATO
Accounts Receivables
- maintain accurate invoicing
- produce debtors' aging reports to show you what is outstanding so it can be collected.
Accounts Payables
- verify outstanding amounts in the accounts and match it against supplier statements.
Solutions from our Small Business Accountants
- 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 a bookkeeper & accountant:
- Compliance with accounting standards: Our bookkeeper and small business accountants 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 complete properly, you can focus on making money knowing the ATO and banks no longer have to give you anxieties.
OUR CERTIFICATIONS
Schedule a Free Consultation today
0402 882 075
AFFORDABLE FEES & FULLY DEDUCTIBLE
What Our Business Clients are Saying...
Great tax accountant. Very knowledgable and prompt service. Sorted my company books and tax return in no time. Would not hesitate to recommend to anyone.
Neil Campbell
Director at Geordie Computer Services PLExcellent 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 Veronique, she explained everything clearly and concisely, and always replys promptly to my emails. Thank you
Dominus Vern
Sole TraderI had Very good experience with TAX Agent Southbank, Melbourne I will do all my accounting services with them again then again 👌🏻👌🏻
Meysam Mansouri
Sole Trader at Auto Panel Auto Paintthe team provided good business activity statements, book keeping services and tax services for my sole trade business in Melbourne.
Raymond Camilleri
Sole Trader at Camille HomesI received very good service from veronika. She explained everything in details. thanks for doing my sole trader tax return.👍