TAX RESCUE PLAN –

HAVEN’T SUBMITTED TAX RETURNS OR BAS’S FOR YEARS!

  • Tax Rescue PlanScared the ATO is or will be chasing you
  • Haven’t been paying your taxes or super to staff
  • Have a shoebox of receipts and bank statements, or your bookkeeper made a mess of it.
  • Our tax rescue plan will get you back on track ASAP, and then on to a monthly maintenance plan going forward.

Why Tradies love Xero

Once we teach you to understand the record keeping practices of your business you may decide to hire an employee to manage the daily transactions, or engage an external bookkeeper. You could also hire us to do the lot for you on one of our monthly business packages.

Many small business owners handle their day-to-day book-keeping requirements but consult us for help with formal reporting functions. Before deciding whether you will manage your own finances or outsource the process, it helps to understand the difference between book-keeping and accounting.

Bookkeeping

Bookkeeping records the routine financial transactions within appropriate account categories. A bookkeeper compiles the information that goes into the system, and the bookkeeping system provides the numbers for the accounting system.

For example: a bookkeeper may pay the bills, invoice clients, prepare your BAS and collect debts Please see our - bookkeeping only packages

Accounting

Accounting identifies, measures, analyses, and communicates financial statistics to provide useful information about your business. An accountant uses the financial information to advise you on the big picture about your business performance, and provides strategic advice for improving profitability and building your business. Please see our - Combined business packages

Whichever option you choose for maintaining financial records, it's vital that you can read and understand your own financial statements, and that your financial recording and reporting methods are accurate and comply with relevant legislation.

For example: an accountant prepares your end of year accounts, annual depreciation calculations, provides advice on tax minimisation and maximising business deductions, and lodges your BAS.

Schedule a meeting - Click a time & place-

North Lake Accountant

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