Business Solutions

Essential services and coordinated advice under the one roof

We want to make sure your business is inputting the correct information, and that its structure and systems are appropriate for its needs and objectives. We can guide you through the process, pointing out how your business can be more efficiently run, and help you to plan your financial management and tax affairs so as to minimise your risks and increase your profits. 

Establishing your business begins with your Business Plan or Business Model Canvas. The partners’ agreements are considered. Then we can choose the right structure or combination of structures. Followed by careful implementation to ensure all the correct registrations and systems are put in place. We’ll manage all that so you can focus on your launch date and get on with managing your business. 

Deciding on the right structure is also important to plan for the best tax position and maximise your personal cash flows. It’s not just about the rate of tax you pay on profits but how you then move the funds out, so you can utilise them without creating tax issues. Understanding how dividend franking, Division 7A loans and FBT legislation interact will affect this process and how best to manage these issues. 

Managing your business from an accounting perspective goes far beyond managing the taxes. Monitoring changes in performance, reviewing against industry benchmarks, analysing budget variances, cashflow, profits and surplus lets you know whether you are getting a good return and how much money is available for drawings or reinvestment. Rapid growth in revenue and cash flow can lead to careless expansion. Build the foundations for sustainable growth. Your continued success will depend on careful planning.

Our support for your business creates cohesion and lets you focus on the big picture. Bookkeeping supervised by your accountant ensures high quality services are delivered efficiently and within budget. As Xero Gold Partners we really know our way around cloud based software. Other business tools are integrated and automated for records management and deeper analysis in order to create efficiencies and drive growth. Simply deliver your records electronically via your phone and leave all the accounting to us! 

Tax planning, because planning ahead is the easiest way to save money on taxation. Follow a plan to avoid triggering unexpected tax implications. Having a detailed tax planning strategy to take into account the business life cycle and future growth prospects – and constantly updating this strategy in line with the business direction – is extremely important. Meet with us to formulate advice a few months before 30 June or whenever a game changing decision is imminent. 

Expertise in innovation, the digital economy and international taxation is needed now more than ever as consumers increasingly transact online and business models are changed to stay competitive in the current environment. Having worked with the creative industries, technology startups and online retailers for over a decade means we have developed the business insights, software skills, and technical knowledge to help your business succeed in the 2020’s.   

Efa Business Services Cycle Diagram 01

Customer Testimonials

We are fantastic to work with.
But don’t just take our word for it, take theirs!

Giordana Cocco

I found Electra after trying three different (recommended) accountants and she has been looking after both my personal and business matters for several years now.
Electra and her truly fabulous team have always looked after my affairs in a rigorous and systematic manner.
Every member of the small team at Electra Frost Accounting is endlessly patient and great at explaining tax matters in layman’s terms. I feel in great hands with them because they are knowledgeable, highly reliable and work prudently, yet striving for the best results.
Their approach is modern and streamlined, their fees are transparent, and everyone goes the extra mile, providing precious peace of mind for clients.

Giordana Cocco, Umbilico Pty Ltd

Chris Gillies

Electra and her team have become an important part of my business
Electra Frost Accounting and I go back to 2013, when I made the decision to jump off the corporate ladder and start up a copywriting agency. Electra explained business structures and set-up my company with ASIC. Since those early days, Electra and her team have become an important part of my business. Whether it is providing advice on taxation, superannuation, GST and expenses to completing my annual company and personal tax returns. I’m now less terrible with numbers!
As an added bonus, Electra specialises in creative industries (which I am in) so understands the type of work I undertake. Whenever a fellow writer or creative type ask me for an accounting recommendation I always say, Electra Frost!’

Chris Gillies, Jam Tin Copy Pty Ltd

Aaron McLisky

It has been the most wonderful experience working with them. I run a small business and have tried numerous other accountants but nobody else has had the professionalism and efficient online tools to give me the best customer service around. I highly recommend them.

Aaron McLisky, Cinematographer

Monica Davidson

We have worked with Electra Frost Accounting for over ten years and are very happy with the service. Electra and her team have been an integral part of the journey of our business, including the growth we’ve experienced in the last few years. They have ensured that our financials are always in good shape when it comes to reporting time, of course, but I’ve also appreciated their time and patience when it comes to teaching us new systems and alerting us to better ways of managing our financial situation. We highly recommend Electra to our creative business clients, as we work exclusively with creative clientele, and will continue to do so.

Monica Davidson, Creative+Business


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