Finance and accounting
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Get your finances in order and use savvy accounting strategies in your business.
Comply to all your tax obligations and implement smart tax strategies.
Organise, update and keep your accounts to Australian standards.
Manage your payroll accounting covering PAYG, payroll taxes, employee benefits and compensation.
Receive expert financial and accounting advice to grow or turn around your business.
Find and apply for the right government grant for any type of business.
Get started on the right foot by incorporating your company according to regulations and good business strategies.
Wind down your business per regulations and sort out your accounts correctly.
Create and manage regular BAS returns covering GST, PAYG, FBT, etc.
If you are starting or running a small business, keeping your finances in order is of vital importance. Many new businesses focus entirely on securing clients and sales, without putting in place systems and processes to ensure they are recording and reporting all of their income and expenses. While this may not cause a problem in the short-term, the ATO requires businesses to keep their records for 7 years and if you are audited and fail to produce documentation to support your deductions you may face costly penalties.
What do I need to know about small business finance and accounting?
If you are running a small business, it is essential you enlist the services of a bookkeeper and accountant to ensure you are meeting your obligations. Many businesses also find value in engaging a financial planner, who can assist you and your business in making a long-term strategy to reach financial success. With that said, there are a number of practices you should adopt from day one to make your business finance and accounting easier (and cheaper!):