Accounting | Accumen Accountants and Business Advisors

Tax

We can manage all aspects of your tax affairs. We proactively look to identify ways for you to legitimately minimise your tax. We do not simply wait and assist with lodging your tax returns at tax time. We achieve this by working with you to undertake an annual tax planning process (well before the end of each financial year) to help estimate your tax bill and develop strategies to reduce that cost. We can also provide support to ensure that any substantial business transactions, such as selling businesses or investments, is structured in a tax effective manner.

In summary, we can assist you with:

  • Preparation of income tax returns, fringe benefits tax returns and all business activity statements
  • Advice on establishing business structures and entities
  • Tax advice on income tax, GST, employee taxes (PAYG, SGC, Payroll Tax) and capital gains
Accumen Accountants and Business Advisors Accounting

Accounting

We believe that your accounting records should be the ‘one source of truth’. And we don’t wait until the end of the financial year to check in with you. The systems we use means that we can all access your accounts in real time. This is advantageous because…

  • you can review monthly or quarterly and end of year results in an instant
  • business decisions are made based on up to date data
  • it avoids double-handling data, saving you time and money

Cloud accounting is good for business

The cloud is a platform that makes data and software accessible online anytime, anywhere, from any device. It’s scalable, cost effective and easy to use. We can help you decide whether a cloud accounting platform is right for your business and work with you to fully implement the change, including on-site staff training. Cloud accounting can assist you in many ways, including for example:

  • Automatic bank feeds
  • Online invoicing
  • Payroll