Establishing your Business
- Choosing and creating the right structure for your business;
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Establishing partnerships, trusts and private companies;
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Registering your ABN and Business Name;
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Your GST, PAYG Withholding, FBT and other ATO registrations
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Advice about your obligations as an employer.
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Recommending accounting software and setting up your accounts;
Managing Your Business
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Business Health Check: Monitoring changes in business performance, reviewing changes in performance and against industry benchmarks.
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Business budgets for management, planning and expansion.
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Money and wealth analysis:
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Equity (how much is your business worth),
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Cashflow (what is going in and out of the bank),
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Profit (whether the business is making money on paper) and
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Surplus (how much money is available for drawings or reinvestment).
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Preparation of financial statements and management reports;
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Expenses and Assets – are you getting a good return from your investment?
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Cashflow Management: receivables, payables, terms of trade.
Business Support
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Advice on ATO-compliant and useful record keeping systems for small businesses and sole traders.
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Cloud accounting for small business in Xero or MYOB: set-up, training and ongoing accounts maintenance for monthly reports.
- Identifying the needs of your business, choosing an appropriate accounting system and subscription level, and suggesting apps which can save you time.
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Referral to a trusted business management services provider to provide ongoing support.
Tax and Compliance
- Tax Returns and Financial Statements for Companies, Partnerships and Trusts.
- Annual ASIC filing.
- Business Activity Statements (BAS).
- Payroll Reporting and PAYG Statements.
- Employee entitlements and termination payments.
- Superannuation Guarantee Charge Statements.
- Annual Fringe Benefits Tax Returns.
- Workers Compensation renewal applications.
- Annual Land Tax paperwork
Referral
Referral to a network of trusted specialists for:
- Business coaching
- Business management
- Bookkeeping
- Legal advice
- Mortgage broking
- Financial planning
- Insurance
- SMSF’s
- Quantity surveyors for property depreciation
- Agents for overseas tax lodgments.