Helping business owners to amplify their results is our passion. It's our life!
If you're in Penrith (or elsewhere in Australia) and you're searching for a chartered accountant for your business, you're on the right webpage. (Nice job Google!)
We have a huge (and I mean huge) passion for the creative industry and we love working with creative organisations and individuals - no matter the industry. So if you're keen to see if we're a good fit and what we can do to help you and your business thrive - let's chat!
Accounting for businesses
Bookkeeping for businesses
Tax and reporting
Business and tax advice all year round
Let us AMPLIFY your business and SIMPLIFY your life!
Properly maintained bookkeeping is a pain in the butt. BUT it’s also the starting point for useful insights into how things are really going in your business.
Are you wondering if your gear can hold out? Salivating over the thought of a car or computer upgrade? Not sure if you can afford to bring in another staff member to take on some of your workload?
When we keep your books tidy, we get an understanding of your actual “spendable cash” situation.
Leave the bookkeeping to us, Xero, and ReceiptBank. You go do what you do best.
After all, you didn’t fight tooth and nail in business to be your own accountant, right?
Trying to calculate your employees’ leave entitlements and weekly pay packets without knowing the ins and outs is like doing a solo in the wrong key.
You only get it right 1 every 5 notes. And we all know that’s not good enough.
We’re virtuosos at payroll. Let us show you how we shred your payroll problem. You’ll be screaming for an encore!
Like a famous artist, we don’t put our name on gear we wouldn’t use. Here at Amplify 11 we recommend Xero because it’s the software we use to run our business. Think of it as the Pro Tools of accounting.
It’s collaborative like Google Docs, so we even get to see what you see, and make sure you don’t mess up.
A new piece of software is like a new instrument. You’ll recognise some principles quickly, but it can be a bit of a learning curve. That’s why we offer full implementation, set-up, and training to ease you into Xero.
Master it once and regret it never!
Now you’re in tune and ready to go, so let’s plug your instrument into the amp.
This is where we’ll adjust tone before we crank your business prospects up to 11.
You know it. We know it. If you don't get it right from the start, there's no amount of Autotune that'll help you.
That’s why we make sure everything in your business is 100% in tune before we start making records together (financial ones, that is).
For us, that means gathering up your sales receipts, expense accounts, and invoices; and making sure they are meticulously accounted for and classified. Perfect, pristine, precise sound in.
Then we EQ it all and get everything sitting at the right place. We’ll move your prepaid expenses into the correct financial period. We’ll set you up with a fixed asset register to categorise, track and properly depreciate the tools of your trade - whether those are instruments, cameras, machinery or a ten-bed tour bus.
Then, let’s bounce the whole thing out. You finally have a full and proper set of business accounts.
Now you’ll have the records to stick it to anyone who tells you to cut your hair and get a real job!
We’ve got the signal and the information we need. Let’s light up the tubes and really make this data scream with some beautiful - and useful - feedback.
Traditional accountants call this “tax compliance” - we call it, “Keeping you out of jail!”
As a business you’re required by the ATO and ASIC to file a tax return and prepare financial statements every. Single. Year.
We make sure what needs to happen will happen, sure. But you never half-bum it, and neither do we.
We give you a complete, valuable insight into the financial state of your business.
Now you can make smart decisions that make you more money with your music!
This is another tax obligation that we take care of and manage for you on a quarterly basis.
We will carry out an audit of ALL your transactions for the period.
We’ll check that your purchase GST has been claimed where it can be.
And keep you out of trouble by making sure you haven’t accidentally claimed it where you shouldn’t have.
The knowledge of a huge tax bill at the end of the year can easily become overwhelming.
At Amplify 11 we know how this can get in the way of you being your best creative self.
Our tax planning service gives you guidance throughout the financial year, followed up by stomping the overdrive pedal three months before it ends.
No more leaving it to the last minute. Now you’ve got year round control of your financial obligations. All while crushing that tax anxiety that keeps you up at night.
Because at Amplify 11, we’re all about freeing you up to work your magic.
The correct business structure is crucial for tax and succession planning.
This sounds boring until you realise that it influences the amount of tax you pay and how much ends up in your pocket!
AND makes it easy for you to add (or remove!) business (or band!) members.
You know things move super quick in your industry. You need to stay flexible, well-tuned, and properly lubricated .
This is stuff we understand and can help with, because we are you!
Budgeting: Making sure you don’t overspend
Forecasting: Estimating your future expenses
Freestyling doesn’t work here. Let us help you with your business prospects based on your actual numbers. No more guessology.
Using your current incoming and outgoing cash, we can help you work out if by this time next year you’ll have the funds to buy that new car, computer, truck, (or jet!)
You’d never enter a recording studio without planning first.
That’s a recipe for blowing out your costs in no time and having nothing to show for it.
Business is the same. You need a plan before you begin the next phase of your project.
And we’re your roadies who set up that solid stage for you to perform from.
If you’re ready to start transforming your business so you can Amplify profits and simplify paperwork, contact us now.
Choirboys