Small to medium entities have a plethora of efficiency/taxation benefits over larger organisations.
One of the biggest advantages is the close proximity of owners to the internal business workings, allowing owners to have a much more accurate view of the financial performance of their business (in comparison to larger organisations relying on third party information from managerial staff).
With many small business owners having a hands-on approach to their business, it is advantageous for owners to have a good understanding of the Australian tax system and business development skills.
Financial Accounting and Compliance – Small Business Accountant Melbourne
Here at Business Accounting Melbourne, we understand that learning these skills comes through experience, mentoring and asking lots of questions. Our firm is designed to encourage business owners to ask as many questions as they wish, we provide not just accountants but somebody to help/assist you with the many facets of running your business.
Being SME specialists, our overabundance of experience has taught us exactly what needs to be done in order to create lucrative, profitable businesses for our clientele.
Services we perform for our SME clientele include but are not limited to the following:
- Implementing/educating our clientele on efficient book-keeping systems in order to reduce labour, increase accuracy and provide quick/fuss free solutions to reporting requirements.
- Taxation / BAS compliance
- Preparation of financial statements
- Cash flow analysis (one of the biggest causes of business failure along with lack of capital and incorrect pricing)
- Marketing plans and analysis to effectively determine the cost of each sale via different advertising mediums (then adjusting marketing strategies accordingly).
- Product/service pricing analysis
- Management Accounting
- Business structure advice and registration
