COMPLETE COMPLIANCE SOLUTIONS FOR YOUR BUSINESS IN SYDNEY
Bookkeeping
Modern business requires up-to-date, accurate financial information. We can relieve you and your staff of the enormous burden of all your bookkeeping and accounting needs, including preparation of your annual accounts and periodic management accounts for tax, business appraisal, and planning purposes. We use the Xero suite of accounting software for bookkeeping which gives you the advantage of being able to see the numbers. We also explain the numbers to you so you know what they mean.
Company Secretarial
Company legislation requires businesses to perform several administration tasks that can take up a lot of valuable company time. The last thing you need as a business owner is to be stressed out trying to ensure you comply with the Corporations Law. Our company secretarial services include company formations, maintaining company registers, preparing minutes and resolutions and preparation of ASIC documents for company changes including changes to officeholders and shareholders. We can also act as the registered office for companies.
Payroll
With the implementation of single-touch payroll lodging accurate payroll information with the ATO is essential. We can relieve you of the administrative burden for payroll by providing a comprehensive, confidential payroll service that includes:
- Customised payslips
- Administration of PAYG, statutory sick pay, and annual leave
- ATO STP filing
- Summaries and analyses of staff costs
- Administration of incentive schemes, bonuses, and termination payments
Income tax return preparation
Accurate and timely lodgment of income tax returns is essential. At Proactive Business Advice we offer a full range of taxation services. Our team keeps up to date with tax changes through regular tax training to ensure that the advice you receive is current and accurate.
Taxation can be a major cost to your business. We will work with you to legally minimise your tax and help you achieve your key objectives. We provide a complete service of assistance and advice in each of these areas:
- Preparation of income tax returns for all types of entities
- Preparing activity statements and advice on tax payments
- GST/FBT obligations
- Research and advice on the taxation implications of complex business transactions
- Advice on tax planning strategies
- Advice on, and implementation of, tax effective structures for asset protection and tax minimisation
- Managing any ATO audits or disputes
- Research and preparation of private ruling requests
- Negotiation with the ATO on overdue tax debts
Financial statement preparation
Financial statements are required to be prepared annually in order for you to prepare accurate income tax returns but having them prepared more regularly will help you plan and run your business.
By utilising the latest cloud accounting systems we can prepare both annual and periodic financial statements for your business on a timely basis. But just preparing the financial statements is not enough. You need to understand what the numbers are telling you about your business and this is where we can help. With decades of experience in analysing financial reports we can communicate the results to you in simple terms.
Business activity statements
ATO audits/review
The last thing that you want is to be audited by the ATO however audits and reviews happen quite frequently. When we prepare an income tax return we proactively review the disclosures so see if there are any "red flags" that may trigger a review. Where these are identified we discuss these with our client to ensure that in the event of a review or audit all of the necessary documentation is held. Where a client is reviewed or audited and can assist in providing all documents to the ATO and can attend interviews with the ATO on our client's behalf.
