Business Services
Benchmarking
Have you ever wondered how your business performs compared to your competitors? What is their average bottom line? Are you spending enough on advertising? Are you paying too much rent? Are your staff costs too high? Understanding how your business performs within your industry can be useful in many ways;
- Maintain competitive advantages
- Review overspending in unexpected areas
- Awareness of risk areas
- ATO audit prevention
- Identify business weaknesses
- Create a growth strategy
- Set a baseline for future years
Contact our friendly, professional team today for your benchmarking needs.
Bookkeeping
Modern business requires up-to-date, accurate financial information. We can relieve you and your staff of the enormous burden of all your bookkeeping and accounting needs, including preparation of your annual accounts and periodic management accounts for tax, business appraisal, and planning purposes.
We will discuss your requirements with you and provide information relevant to your particular situation, as well as constructive advice, on a regular basis.
Budgeting
A good budget is a necessity in a good business plan. It is one of the best business tools you can have, enabling you to set financial targets and measure your performance.
In addition to goal-setting value, budgets will often improve your chances of acquiring funding. Financiers often require budgets as a prerequisite for funding approval.
The techniques we utilise to form financial projections enable you to consider future scenarios and provide you with goals to strive for in your business. There are many types of budgets. We can help you design the right budget for your requirements.
Let us show you how a budget can provide feedback that helps you prepare for the future of your business!
Business Establishment
If you have a good idea for a new business venture but don't have expertise in the legal or financial aspects of creating a new business, we can help you:
- Decide on the most suitable structure for your business - Sole trader, partnership, or limited company
- Prepare a business plan, cash flow projections, budgets, and trading forecasts
- Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
- Establish a good working relationship with your bank
- Register for an Australian Business Number with the ATO
- Complete registration procedures with the Australian Securities and Investments Commission
- Deal with company secretarial issues
- Set up a recording system for your internal use and to comply with statutory requirements
Let us help you turn your business idea into a reality!
Cashflow Forecasting
Are you holding too much inventory? Is this the right time to expand your business? Are you going to have enough cash to pay all your expenses every month? Surviving in today's business climate requires you to spend more time working on your business than in it.
We can provide you with accurate, timely, informative cash flow forecasting reports that enable you to:
- Realise and understand when cash is available
- Plan and prepare for expansion, stock control, and taxes
- Analyse and anticipate key expenses
Equipped with this information, we'll work with you to develop action strategies that improve your bottom line.
Management Reporting & Consulting
Our aim is to ensure your business achieves the potential it is capable of. We have the know-how and experience to offer advice that helps you run your business more effectively.
Allow us to act as a sounding board for management. With the combination of quarterly or monthly reporting services, we can identify key areas for review, and generate and track key performance indicators, to lead to positive changes and business growth, with the help of our professional consultants.
We check that your business is as competitive, focused, and profitable as it can be, then offer flexible strategies, designed to address the issues affecting your business.
Let us give your business a health check!
Payroll Services
Administering your payroll can be time-consuming and divert you from your core business activities. Added to this, payroll and employment legislation are growing increasingly complex.
We can relieve you of this burden by providing a comprehensive, confidential payroll service that includes:
- Administration of PAYG, statutory sick pay, and annual leave
- ATO filing
- Summaries and analyses of staff costs
- Administration of incentive schemes, bonuses, and termination payments
Even if you only have a few employees, we would be happy to assist.
Software Solutions
Let us help you make the right choice of accounting software. A decent accounting system will help you keep track of your cash flow and let you complete GST returns easily.
Choosing the right system for your business can be difficult. After all, there are over sixty accounting packages available in Australia. Here at we invest considerable resources into ongoing staff training to ensure we can recommend the best accounting solution for your business.
We happily work with any platform however we are a Xero certified firm.
Strategic Tax Planning
A good tax plan can save your business thousands. Not to mention the ability to plan ahead when it comes to;
- Cashflow
- Dividends and Division 7A management
- Employee bonus schemes
- Superannuation Contributions including carry-forward concessional options
- Pre 30 June asset acquisition
- and more!
Allow us to plan your tax position to set your business in the right direction for the year ahead!
