Year-end compliance / Management accounting

Year-End Compliance – Our Minimum Level Service

We have given a name to our minimum level service for small to medium-sized businesses. Somewhat tongue-in-cheek, we call it ‘Helping you Sleep at Night’. That’s because we remove those tax and accounting concerns which can disturb the best of slumbers, leaving you clear-eyed to do what you do best – take care of your business.

Here’s what we will do for you at our minimum level service:

Prepare your accounts and returns:

We prepare and complete your financial accounts, reports and returns, including FBT reimbursements, fixed asset ledgers, and shareholder loan accounts.  We also make sure your accounts and returns comply with relevant statutory requirements.

File your Statutory Requirements:

We file all of your statutory returns for you, including your tax and annual statements.  We will also assume the role of intermediary between you and the ATO and ASIC and ensure you are aware of, and meet, all requirements.

Minimise your Tax:

We believe you should be a responsible tax citizen, not a generous one! In the second half of the financial year, we will review your tax position with you so that there is enough time to plan and implement your tax minimisation strategy.

Meet with You:

We make sure that you understand your financial statements (we call this “accounts translation”) you want to feel comfortable with everything you sign. Then we will discuss your plans for the coming year, our business Health check graphically shows the financial health of your business. Our goal is to help you reach your goals. We will make sure any year-end adjustments needed for your accounting system are processed correctly.

Management Accounting (Your financial Information)

At the Business Partnership we work closely with our clients and have a strong focus on customer service. We are always on hand to give support and advice on business related issues. Our goal: to help you improve your business. Here is what we can do for you:

  • Set-up accounting systems so that you get the information needed for management & statutory purposes.
  • We review and recommend what accounting procedures you should have in place.
  • Review and evaluate management accounts for their correctness and make sure you access information that helps.
  • Some clients prefer to outsource the regular accounting and bookkeeping work to us. This way you can get on with your business and we take care of your accounting and tax requirements.
  • Analyse working capital needs, key performance indicators & cashflow requirements.

Types of Entities

Business is multi-faceted & has numerous operating structures. We can look after your business requirements with:

  • Private company for protection & control.
  • Trading trust to maximise your business tax concessions.
  • Trustee company for your self managed superannuation fund & family trust.
  • Company limited by guarantee for not for profit organisation.
  • Joint Ventures for varying partner needs.
  • Partnerships for individuals working together
  • Sole trader for a possible start point.
  • Self managed superannuation funds (SMSF) to manage investments yourself.

Contact Info

Level 4, 83 Mount Street, NORTH SYDNEY NSW 2060
02 9955 9113

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