How much does it cost to hire an accountant?

Every business is unique and requires different accounting services, so it’s always worth getting a more accurate quote. However, accountants generally charge a fixed fee for periodic services such as tax return submissions and a monthly retainer fee for bookkeeping and other operational accounting services. A monthly fee may or may not include a subscription to accounting software, depending on the accountant.

Do small businesses really need to hire an accountant?

If you’re a small business owner, you might be thinking that saving money by doing your own accounting is the way to go. However, if your time is valuable and better spent elsewhere in your business, hiring an accountant may actually be more profitable for you in the long-term. Accountants will take care of time-consuming tasks, which will then free up your time as well as give you the peace of mind to focus on generating more revenue for your business.

Accountants in West Perth - 2021 Pricing

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Top services offered by accounting firms in West Perth, WA

Accelerated depreciation

A government incentive to support business investment for 15 months.

Advisory services

Get expert advice on budgeting and regulatory compliance

FROM $800

Cash flow boost

A cash boost of up to $100k for eligible SMEs and non-profit organisations.

Finance and accounting services

Maintain your business's financial health with accounting services

FROM $69

Financial risk assessment

Review your financial affairs and assess associated business risks to stay ahead of the game.

FROM $2,000

Government grant application

Find and apply for the right government grant for any type of business.

FROM $450

Risk management services

Effectively manage and mitigate risk with financial and due diligence assessments

FROM $1,800

Tax services

Ensure compliance with your business tax obligations

FROM $99

Accounting

Get your finances in the best possible shape and develop accounting strategies to push your business forwards.

FROM $300

Bookkeeping

Keep your books organised and updated in accordance with Australian standards.

FROM $150

Tax returns

Prepare and submit your tax returns and meet tax obligations including payroll, GST, FBT, etc.

FROM $273

BAS

Prepare and lodge your BAS returns and fulfil all of your GST obligations.

FROM $110

Incorporation

Set off on the right foot by incorporating your company in line with regulations and smart business strategies.

FROM $99

Due diligence

Review financial statements of a business you want to buy to determine their value and negotiate a price.

FROM $1,500

Instant asset write-off

The instant-asset write-off threshold is $30,000 to $50,000 for businesses with a turnover of less than $500 million.

JobKeeper payment

Fortnightly payments of up to $1,500 for 6 months for every eligible employee.

Taxation

Comply with all of your tax obligations and implement smart tax strategies.

Business advisory

Get expert financial and accounting advice to grow or transform your business.

Tax advice

Get advice on tax implications when buying or selling assets such as capital gains tax (CGT).

FROM $176

Regulatory compliance

Ensure you are meeting corporate secretarial standards including ASIC requirements.

FROM $3,000

Payroll accounting

Manage your payroll accounting including payroll, payroll, taxes, employee benefits and compensation.

FROM $49

Budgeting and forecasting

Get expert advice on annual or periodic budgeting and forecasting for your business.

FROM $600

Dissolving a business

Wind down your business in accordance with regulations and finalise your accounts correctly.

FROM $500

Accountants in West Perth

Accounting is the heartbeat of a business and it can make or break your success.

It’s paramount to hire a good accountant to ensure you are compliant with regulations and adopt sound financial strategies.

Accountants can also help you start a business, turn it around or accelerate its growth.

What is a business accountant?

Business accountants know how the Australian laws and Australian Taxation Office (ATO) regulations work. They also have a thorough understanding of the local industry benchmarks and can help you avoid or prepare for an audit.

Why should I hire an accounting firm?

An accounting firm has the knowledge and expertise to ensure your business stays within the law, prevent fraud and organise your finances. You will have access to a full-house of experts to advise you on the best step forward.

It’s also much cheaper for small businesses to hire an accounting firm rather than hiring in-house.

What services do accounting firms in West Perth offer?

Small business accounting firms can help you with:

General accounting and management

Financial and tax advice

Tax filing and returns

Financial statements preparation

Cashflow, budgeting and forecasting

Payroll

Loans and business funding

Business structuring

Mergers and acquisitions

Due diligence for buying and selling a business

Audit

Forensic accounting

How do I find the best accounting firm in West Perth?

Here’s how you can find the best business accounting firms:

Check that they have relevant qualifications and are registered to a professional accounting body, e.g. Chartered Accountants Australia and New Zealand (CA) or Certified Practicing Accountants Australia (CPA)

Find account firms who have experience working with small businesses like yours

They are transparent about whether or not they outsource work overseas

Aim for an accountant with a good track record and credible reputation in West Perth.

Are you ready to hire a business accounting firm?