+61 7 38414116 connect@tax4all.com.au

Business Accounting

Our professional accounting team, will bring you high end expert service. We take care of everything, from book keeping, archiving, accounting, tax consulting and taking care of your accounts. We dedicate ourselves to providing the highest level of professional service to our clients at all times.

We as accountants, take on clients only if we can truly meet their needs. This way we ensure that we are able to give the best of the services to our clients. Our accountants go an extra mile by understanding the client’s business and ensure that the client gets the maximum tax benefit by giving them the right advice at the right time. We help our clients spend less time worrying about their daily Accounting and more time focus on running their business.

Accounting Services

We offer personalised services according to the needs of the business and implement strategies that help the business in moving forward with the right advice and keeping you on the path of success.
The accounting services provided are:

  • Preparation and analysis of management accounts
  • Preparation of financial statements
  • Cash flow statements & budgeting
  • Preparation of business activity statements (GST Returns)
  • Company formation and related corporate services
  • Business start ups
  • Strategic Business plans
  • ATO Debt management
  • Profit analysis
  • Accounting software
  • Profitability ratios
  • Cost analysis
  • Liquidity analysis

TAXATION

The tax laws change regularly and it can be difficult to keep up to date with these changes, however that is where a good tax advisor can be of great assistance. No-one wants to pay more tax than they need to, nor should they have to.

Our job is to let you know of every available deduction and rebate that you are entitled to. We feel that it is important in whatever we do for you that we help you understand what we’re doing, so you can make a more informed decision. As such, we would encourage you to ask questions if there is something that you do not understand when you meet with us.

Our services are not limited to just your annual tax return, and where your circumstances are more complicated, we should be in touch more than once a year to assist with tax planning initiatives. This would include individuals who have investments in shares, rental properties and businesses.

We provide complete tax preparation service for individuals and all business structures by keeping ourselves updated on the tax laws and legislation.

 

Tax Preparation

Taxation is expensive not just in monetary terms but also in terms of the time. It is really important that all the rules and laws are followed to avoid any fines and penalties for non-compliance. Our main aim is to minimise your tax liability by providing you and your business the best tax planning service specially tailored for your situation. We understand that no two situations are same and one advice does not suit all.

We make sure that we identify the key opportunities that will help in minimising your current and future tax liabilities.
Our services include:

  • Income tax (individuals, Trust, Partnerships, Companies and SMSFs)
  • Capital Gain Tax
  • Goods and Service Tax
  • Fringe Benefits Tax
  • Property Taxes
  • Payroll Tax

 

BOOK KEEPING

We can help you in maintaining your books and free up your time so you can use that in a more productive way. As we are using cloud based accounting software’s, you will have access to your books all the time and you will be able to view them from anywhere and anytime. And we will not compel you to change your accounting software we continue to use the software that you are already using.
It is your decision on how much of the bookkeeping you want us to handle. You can either give us the full bookkeeping process including your payroll. We handle the bookkeeping process for all the clients on a weekly basis and complete the Business Activity Statements.

We know that every business is different and has unique needs which is why we tailor our packages. You don’t waste money on services you don’t need, and we get to focus our energy on supporting your business in the most helpful way possible.

WE HELP YOU COMPLY

We make sure that your books are up to date and so is your compliances with the ATO. We make the process of bookkeeping smooth for you as well as for ourselves by implementing better processes and hold monthly meetings to discuss any issues that have arose during the month. With all your bookkeeping, up to date and other compliances being handled on time you now have access to real time business information which will aid you in making better business choices and decisions.

GENERAL BOOKKEEPING SERVICES

Basic Bookkeeping:

  • Bank Reconciliations
  • Accounts Payable
  • General ledger reconciliations
  • Balance sheet reconciliations
  • Profit & Loss reconciliations
  • Cash flow management
  • Budgeting and forecasting
  • Assets register
  • Monthly reporting
  • Superannuation
  • Payroll tax
  • Profit & Loss statements
  • Balance sheets

BAS and GST:

  • GST registrations
  • Preparation and lodgement of IAS and BAS
  • Adjustments
  • Fringe benefits tax, luxury car tax and fuel tax
  • PAYG instalments and withholdings

Accounting system advice and set up:

We work with you to understand your needs, and those of your business, to ensure that you are set up with the best accounting system.

We can also help customise systems to maximise ease of use and efficiency.

Real-time accounting data and accurate reports are the best tools you have for great business outcomes

When your financial data isn’t up to date you simply don’t have the information you need to effectively manage your business.  Can you afford to buy stock right now?  Do you have an impending cash flow problem?  How much profit are you actually making per month/per quarter/per job?  These decisions will affect your business for months, and even years.  You need to make them based on the most up-to-date information available.

Advanced Accounting Solutions make it easy for you to stay on top of your record keeping and accounting.  We offer a complete bookkeeping service – so while we take care of your accounts, you can focus on your business.

BUSINESS STRUCTURE

We help you in choosing the best business structure that will suit your needs, your business plans and that will enable you in earning the best of all. We can assure that we will be able to set up the business structure of your desired choice on the same day or the next business day.

We can help you in setting up the right structure by considering the long-term tax implications and provide you the necessary advice whenever there are any changes in the applicable tax laws.

When evaluating the right business structure you need to consider the likely profitability of the business, the current tax position of all stakeholders and the risk profile of the industry. In some cases you might also need to consider if it will be easier to do business in your industry as a sole trader or company. As a consequence, we often find the business structure is a compromise based on the relative importance of these issues.

When it comes to business structures there are a range of options. The most common structures in Australia include sole trader, partnership, company and family (discretionary) trust. Below is a very brief summary of these structures and their tax treatment. Before you make a decision on which structure is the most appropriate for your business circumstances we urge you to contact us.

WE HELP YOU CHOOSE

We provide a wide range of incorporations and other related services associated with the incorporations including:

  • Discretionary Trusts
  • Unit Trusts
  • Self-Managed Superannuation Funds
  • Constitutions and Trust Deed upgrades
  • Change of Company names
  • Corporate Secretarial Services
  • Business Names
  • Partnership Agreements
  • Sole Trader
  • ABN Applications

Business Advisory

Time is of the essence when running a business. We give our clients the time they need to run the business by taking up their responsibility of routing financial and accounting operations. Many business owners feel that most of their time is consumed in doing the routine jobs leaving them with no time to reflect on their performance and improve their business.

WE HELP YOU GROW

With the all-round services provided by our firm right from the incorporation of the business, we will be at your side helping you to transit through every process and every big business decision you make. We help you improve your business and achieve the desired goals by providing the best advice on a timely manner.

STARTING A BUSINESS

Starting a business is a big decision to make and has to be made with lot of research and planning. We will help in reducing your responsibilities by giving you all the advice related to taxation and finances, all in one place.
We will help you by

  • Choosing the best business structure and help in incorporation of the same
  • Providing business support
  • Help formulate business strategies, monitor them and make suitable changes to the strategies whenever the situation demands
  • Assisting you in your tax planning
  • Help you comply with all the statutory obligations
  • Preparing business plans

GROWING A BUSINESS

As a growing business ourselves, we know that the resources that we employ are crucial to the growth of the organisation. The best and the appropriate resource that we employ will help in achieving our goals. And as the business grows the strategies need to be amended and sometimes the business structure would need some changes to accommodate the growing needs. We will be there to help you out in making these changes as your business grows. We will also help you by providing you all the support needed in choosing the best resource to be employed and updating you with the newest and smartest technologies that are available in the market and which will improve the profitability of your business.
We also help you in monitoring your operations and help identify areas where you can improve your efficiency. There is always room for improvement in businesses. We ensure the growth of your business by

  • Monitoring the business operations and identifying areas where the efficiency can be improved
  • Help you in developing and implementing strategies
  • Monitoring these strategies and make changes whenever necessary
  • Making necessary changes to the business structures as the business structures
  • Setting up accounting software.
  • Providing corporate secretarial services.

LEAVING YOUR BUSINESS

If you are planning to leave your business, it will be better if you can plan for it now. The plan will ensure that you have a goal to work towards. We will help you in all the situations whether you want to sell off your business, strategic withdrawal or transition to move on from your current situation. We will help you in formulating a plan and help develop a strategy to achieve the goal set out in your plan.
We will make any transition process easy for you by

  • Thoroughly planning the transition
  • Or preparing your business for sale
  • Help you out in all the stages of sale like valuations, managing due diligence and risk
  • Negotiating contracts
  • Advising on Corporate governance and complying with other legal obligations