Business Accounting
Comprehensive accounting solutions for Australian businesses, ensuring compliance with ATO requirements and supporting growth.
Business Accounting Services
Our business accounting services help Australian businesses meet their tax, superannuation, and reporting obligations as required by the Australian Taxation Office (ATO).
What We Cover
- Financial Reporting: Preparation of profit & loss statements, balance sheets, and cash flow statements
- Management Accounts: Monthly or quarterly reports to help you track business performance
- Tax Compliance: Income tax returns, BAS/IAS lodgements, and PAYG instalment management
- Record Keeping: Ensuring your records meet ATO requirements ??? all records must be kept for 5 years and explain all business transactions
- Superannuation: Payday Super compliance and reporting through Single Touch Payroll (STP)
ATO Compliance Requirements
According to the ATO, businesses must:
- Keep all records related to starting, running, changing, and selling or closing your business
- Hold onto records that clearly explain all business transactions ??? proof of every dollar earned and every eligible expense
- Lodge income tax returns and Business Activity Statements (BAS) on time
- Report through Single Touch Payroll for all employee payments
- Pay Payday Super for eligible employees
Who Needs Our Services?
- Sole traders and freelancers
- Partnerships and joint ventures
- Companies and trusts
- Non-profit organisations
- Startups and established businesses