Business Accounting Advice

What is accounting?

Simply put, accounting is the art of recording, summarising, reporting, and analysing financial transactions. Businesses use accounting data to communicate about financial activities and make informed decisions about the future. The day to day record keeping involved in accounting is called bookkeeping.

What do accountants do?

Accountants are involved in the design and implementation of accounting systems. They prepare and analyse financial reports for businesses, governments and other organisations and ensure that businesses and individuals conform to accepted accounting principles.
Many people are under the mistaken belief that accountants simply provide tax preparation services. In addition to tax help, an accountant can help you manage all aspects of your financial life, saving you money now and helping you plan for the future. Personal services offered by accountants include: financial planning, asset and investment management, risk management, retirement and estate planning to name a few.
For businesses, in addition to bookkeeping and financial services a good accountant will offer business advice and consultancy. They will not only take care of your accounts but also offer advice from freeing up cash flow, raising capital for expansion to operating more efficiently and tax savvy. Speciality services include: business planning, auditing, taxation, superannuation and retirement.

Accounting Services

Here are some of the most common services offered by Accountants Plus:

General Business/Tax Accounting
End of year financial statements
Tax returns
Bookkeeping
Fringe Benefits Tax
Employer Taxes (Superannuation, Workcover, PAYG Withholding)
State taxes (payroll tax and stamp duty)
Capital Gains Tax
Business advisory (CFO services)

Taxation Advice and Planning

While most people only seek the services of an accountant around tax time, an accountants can play a valuable role in helping you or your business save money not just now but in the future as well. Accountants are kept current with changes to tax laws and legislation and can help develop a tax plan to help reduce your tax burden. Through proactive tax planning and tax-saving strategies you can add value to your business and save money.

Areas of expertise include but are not limited to:

Salary sacrifice and FBT planning
R&D, government grants
Small business concessions
Tax incentives
Trust structures for asset protection and tax minimalisation
Negative gearing
Asset protection
Self managed superannuation
Workcover