• 0403 511 777
  • shalomtax007@gmail.com

Business Set Up & Accounting

“I believe that the biggest mistake that most people make when
it comes to their retirement is they do not plan for it. They take the same route as
Alice in the story from “Alice in Wonderland,” Please stop Wonder and take actions
to plan your retirement.”

Mark

“The day you realise what small, incremental progress can achieve over a period of time, you would agree that SMALL is actually BIG, very BIG !!

Jack

“Focusing only on the short term puts us in a position to make
bad choices. If you need have a good financial planning to management your
business, we are here to help ”

Mary

Business Set Up & Accounting

Business Set Up & Accounting

New Business set up

We can assist you to:

  • Decide on the most suitable structure for your business – Sole Trader, Partnership, Trust or Company
  • Complete registration process with Australian Securities and Investments Commission (ASIC)
  • Apply for ABN and TFN
  • PAYG withholding and GST Registration
  • Prepare a business plan, cash flow projections, budgets, and forecasting.
  • Establish a good working relationship with your bank and set up a new business account
  • Deal with company secretarial issues
  • Set up an Accounting system for your internal use and for complying with statutory requirements

Bookkeeping service

Using our booking keeping services, you are able to track the progress of your business to potentially further increase your profits by saving money and time. We ensure that you lodge your BAS and PAYG on time; you pay correct superannuation contribution and we make sure that you are not under claiming or over claiming your GST.

We offer Onsite / Offsite Bookkeeping Services at a reasonable rate. We assess your situation and determine what best suits your business.

Onsite Bookkeeping Services is an excellent option if you have organized your files and data on your own computer and have space ready to work in your office. This is an ongoing relationship between us. This service is ultimately designed to bring your books up-to-date.

Offsite Bookkeeping Services is easy as well as convenient. When we receive the necessary paperwork, we manage and process them accordingly at our office and return them to you upon completion.

Benefits of using our book keeping services

  • Management of customer and supplier accounts to track deposits and payments.
  • Smart Business decisions by identifying money making opportunities and avoiding cash flow Problems.
  • Compliance with the law meaning if audited you have necessary paperwork and up-to-date record keeping.

Financial reporting and cash flow Management

Every owner wants to know how their business is performing, therefore it is important for every business to reflect on their status in financial statements.
Financial reporting

Financial reporting is a process of producing statements that discloses businesses’ financial status to management, investors and the government. This is a formal record of the financial activities and position of a business. The financial statement includes Profit and Loss, Balance Sheet and Cash flow statement.

Preparing a financial reporting on a timely manner is important as this provides information about the financial position, performance and changes in the financial status of the business. The Financial reporting is useful and is required for ranges of stakeholders such as: Business Managers, Business owners, Investors, Financial institutions, suppliers, customers, employees, general public and Government agencies such as Tax Office and ASIC.

Cash flow management:

Cash flow is the blood of a business. Good cash flow management helps to ensure that your business runs smoothly. Therefore, understanding cash flow is the key to running a successful business.

It is important that every business understand expected inflow and outflow of their cash; in other words, they are aware of their projected income and expenses within a restricted timeline, lasting yearly, quarterly’s or even monthly. We can do this by a process called cash flow forecasting. It helps to predict future cash flow of the business and aids in taking a step forward in the right direction. The process of Cash Flow forecasting is useful for taxation management, new investment decisions, and smooth run during the down time, and to look for possible business opportunities.