Business accountingSTRATEGIC ACCOUNTING SOLUTIONS TO HELP YOUR BUSINESS
Keeping on top of your financial records and commitments is critical as a business owner. Our solutions-focused accounting specialists can assist with all aspects of your business’ financials.
We help business owners get better visibility of their business finances, beyond tax returns and financial statements. Our clients have total peace of mind knowing their taxation, super and business finances are in the hands of specialists.
This includes everything from managing your payroll to handling growth transitions and developing a tax strategy. As your trusted accounting partner, you can count on us for flexibility, transparency and results-focused strategies.
When it comes to our accounting services, our goal is simple: to make accounting easier for small to medium-sized businesses. Our accountants know the industry inside and out and are committed to helping your business succeed.
Priding ourselves on our accuracy, attention to detail and transparency, we can give you full visibility of your business’ financial position.
By using cloud-based accounting and inventory, we can implement and train your teams to help streamline your internal processes. This gives you access to financial reporting and tracking anywhere, anytime. From support with day-to-day administration to your business’ growth, we’re driven by efficiency, passion and modernising accounting with the best accounting tools.
We work with small to medium-sized business, specialising across the following industries:
- E-commerce brands
- Marketing and creative agencies
- Service industries
- Information Technology (IT)
- Professional services
- Fitness and health
- HR and recruitment
- Real estate.
Our accounting solutions are designed to be agile and can easily adapt to any business or lesser-known industry. With fixed-fee packages or custom packages, you can avoid any unexpected surprises with by-the-hour services.
Our business accounting services
Our speciality is taxation compliance for small to medium-sized businesses. As part of managing your taxes, we build robust systems and compliance documentations for entities.
We prepare and lodge income tax returns for:
We can also prepare and lodge fringe benefit tax returns, which relate to non-wage compensation for employees. Fringe benefit tax (FBT) is paid by employers for employee benefits and is separate to income tax. We can help you reduce your FBT liability and provide solutions that are income-tax deductible.
Additionally, we can prepare and lodge business activity statements (BAS), which helps you report and pay your goods and services tax (GST), pay as you go (PAYG) instalments and tax, and other taxes.
An effective wealth creation strategy is built on financial advice, tax savings, and growth strategies. Rather than focusing on little wins, we can help create a medium to long-term plan that can help your money go further and stay ahead of inflation.
Solely relying on earned income from savings means you’re not just standing still – you could be going backwards. You could also be missing out on a huge stream of passive income from investments.
As a business owner, it’s paramount you have clarity on your transactions and how they relate to your business and tax structure. If you’re looking to open or expand a business, we can provide sound advice that helps you get it right from the outset.
We also provide advice and support for business owners. This can include:
- Advice around tax effective structuring and restructuring
- Advice on capital gains tax (CGT) transactions
- Advice and representation about/for:
- Goods and services tax (GST) reviews
- Income tax reviews
- Employer obligation reviews.
We can also negotiate debt matters with the Australian Taxation Office, guide you on business sales and taxes, and other due diligence services. For example, if you’re thinking about purchasing a business, we can review the books and advise you whether it looks like a good investment or not.
We’re passionate about the importance of business owners having full visibility of their finances. In addition to tax returns and financial statements, we can deliver internal reports and planning so you’re always across your financial position.
This can include:
- Management reports
- Cash flow reporting
- 3-way modelling reporting
- Strategic business planning
- Management advisory and consulting.
For most businesses, this more hands-on approach can include us attending meetings and acting like a trusted Chief Financial Officer (CFO) for your company.
If you need administrative support with your business, we can assist with a range of services, including:
- Management of annual ASIC compliance
- Changes to company details
- Voluntary deregistration of companies
- Payroll services
- General bookkeeping and reconciliation services
- Accounts payable services.
No matter what you need, with 360 Financial Strategists, your finances are in expert hands.