We're here to help Grow your business.
Being a small business ourselves, we understand the day to day struggles of running a business. However, we can help. We can provide the additional support needed to get on top of your financial matters. Whether it be one or two tasks, or taking control of the entire accounting function, we're here to help.
A selection of services we offer:
Starting a business?
Here are some Frequently asked Questions and answers:
Do I need an ABN?
Yes, if you are carrying on a business in Australia, you need to register your business with the ATO. However, there may be other reasons why you are not eligible. See the following ABR link for more information: ABR - ABN
If I have an ABN does that mean I need to charge GST?
No. Not all registered businesses need to be registered for GST. You are required to be registered as soon as your for profit business turnover exceeds $75,000. If your income is below this threshold you can still choose to register, however once registered you are required to lodge a BAS return. See the following ATO link for detailed information: ATO - GST
I intend to have employees, what are my obligations?
There are a number of requirements once you decide to employ. Firstly, you need to register with the ATO to withhold PAYG from your employees. You are also obliged to pay their super guarantee contributions to their chosen super fund. Other things you may need to look into are workers compensation, employee entitlements and a fair employee contract. See the following useful Links: ATO - PAYG ATO - Super Fairwork - Workers Compensation
Fairwork - Entitlements Fairwork - NES
I'm confused about the different Accounting Software packages, what is the best one?
It depends on what you are looking for. Some of the many options are: MYOB, Reckon, Quickbooks and Xero. Most offer cloud based options. When deciding what is best for you, its best to look at useability, budget, and what needs you have (for example payroll). If after reviewing all of them you are still confused, please don't hesitate to contact us and we can suggest a solution that is right for you. We can even migrate it for you.
If you have more questions, please contact us to arrange an appointment.
A selection of services we offer:
- Bookkeeping
- Monthly accounts
- Cashflow statements
- Set up online accounting software
- Employee payroll
- Yearly financial accounts
- Preparation and lodgement of BAS and IAS.
Starting a business?
Here are some Frequently asked Questions and answers:
Do I need an ABN?
Yes, if you are carrying on a business in Australia, you need to register your business with the ATO. However, there may be other reasons why you are not eligible. See the following ABR link for more information: ABR - ABN
If I have an ABN does that mean I need to charge GST?
No. Not all registered businesses need to be registered for GST. You are required to be registered as soon as your for profit business turnover exceeds $75,000. If your income is below this threshold you can still choose to register, however once registered you are required to lodge a BAS return. See the following ATO link for detailed information: ATO - GST
I intend to have employees, what are my obligations?
There are a number of requirements once you decide to employ. Firstly, you need to register with the ATO to withhold PAYG from your employees. You are also obliged to pay their super guarantee contributions to their chosen super fund. Other things you may need to look into are workers compensation, employee entitlements and a fair employee contract. See the following useful Links: ATO - PAYG ATO - Super Fairwork - Workers Compensation
Fairwork - Entitlements Fairwork - NES
I'm confused about the different Accounting Software packages, what is the best one?
It depends on what you are looking for. Some of the many options are: MYOB, Reckon, Quickbooks and Xero. Most offer cloud based options. When deciding what is best for you, its best to look at useability, budget, and what needs you have (for example payroll). If after reviewing all of them you are still confused, please don't hesitate to contact us and we can suggest a solution that is right for you. We can even migrate it for you.
If you have more questions, please contact us to arrange an appointment.
Vanessa Gray CA No. 195097 | ABN 67 464 425 236 | Tax Agent Number 25 437 930