Stay on top of business finances with proper accounting support
Bookkeeping is an essential part of running a business. It is estimated that 51% of all new businesses fail within the first four years. The majority attributed to keeping poor financial records.
Regardless of the way you prefer to collate your financial information. We can assist with maintaining the books for your business, as much or as little as you like. It’s also important to understand the difference between a bookkeeper and an accountant which is why we take the time to sit with you to ensure you are clear on your responsibilities.
Bookkeeping has come along way in terms of cloud based accounting software. It’s now much more efficient and automated. You can complete all financial aspects of your business in one place. Such as invoicing and billing, as well as tracking cash flow.
If cloud based bookkeeping is something you would like to use in your business we can easily recommend the right one for you. We are Certified ProAdvisors with QuickBooks Online. However, we are across all bookkeeping platforms including Xero and MYOB.
Business Activity Statements
If your business is registered for GST you need to lodge Business Activity Statements, also known as a BAS. You are also required to lodge and pay PAYG withholding and any other taxes your business may be liable for such as fringe benefits tax (FBT) and fuel tax credits.
We can prepare and lodge this for you. Whether that’s monthly or quarterly, we will inform you of when you are required to pay your Business Activity Statement and how much. We can also let you know what to put aside each month so that you don’t get behind.