If you've been searching "Business Accountant in Penrith", you're probably looking for someone to navigate the complex world of tax, business structure and booking keeping for your business? We're dedicated to helping business owners just like you thrive.
Helping businesses across New South Wales
Bookkeeping
Tax and reporting
Business and tax advice
Bookkeeping is the starting point for providing you with insights as to how things are really going in your business and form the basis for determining future tax and cash flow plans.
Using the best in cloud-based technology – Xero and ReceiptBank, we completely handle your bookkeeping function to give you back more time to devote to honing your creative endeavours.
The last thing you want, is a knock on the door asking you to cough up a settlement because you didn't pay employees correctly - or worse - at all! We take care of all your payroll needs and can answer questions you may have.
Xero. The Madison Square Garden of Accounting Software. It is the powerhouse that we recommend (and use ourselves) at Amplify 11.
If we are going to keep playing the amplifier/guitar signal analogy then let’s say that the accounting is the guts of the amp, which is the intermediary between what you are putting into it (the bookkeeping data) and what is then coming out the other end (tax, reports and the advisory plans once we crank to 11).
If tax is keeping you up at night, your books are a mess, or you're saying "what books!?"... A solid accountant is your chance to make sense of it all.
So accounting – how we do it anyway – is taking the bookkeeping information from “take the input signal”, all the sales receipts, expense invoices and ensuring that it is all meticulously accounted for and classed.
Fix up some of that junk that may have found its way in, move prepaid expenses into the correct financial period and set you up with a fixed asset register so we can categorise, track and properly depreciate the tools of your trade – be it instruments, cameras or pro audio equipment.
With a proper and sound set of business accounts, tweaked and EQ’d to yours and your audiences’ parameters, you are ready to hit the standby switch and start hearing back to the accurate information (sound) that is about to come blasting out of your speakers.
Can you hear what’s coming out of the amplifier? It sounds like a deeper understanding of the numbers and what they mean for the health of your business.
Traditional accountants call this “tax compliance” – we call it, keeping you out of jail.
As a business, you are required by the ATO and ASIC to file a tax return and prepare financial statements every single year.
We will make sure what needs to happen will happen. We will also take this opportunity to give you some valuable feedback about what the numbers in the financial reports actually mean in relation to the overall health of your business.
Almost every business in Australia, universally hates these three letters - BAS. Another tax obligation that we can clear from your anxiety and manage for you on a quarterly basis.
We will carry out an audit of ALL transactions for the period – check that purchase GST has been claimed on every transaction that it should have been and conversely that it hasn’t been claimed where it shouldn’t have been.
Are you feeling like this? “I couldn’t sleep last night thinking about the tax I have to pay this year”. Well, what if we said it’s possible to manage your taxes and gain control over their effect on your finances? You're welcome!
Tax planning is a service we implement lightly throughout the financial year and then crank it up again when we are 3 months out of the end of the financial year. When your taxes are fully understood and planned for you can regain control over your anxiety… and cash flow!
The correct business structure is crucial for tax and succession planning. But that sounds boring. The correct business structure can influence the amount of tax you pay and should pose no issues if band members or business partners are coming and going.
Getting this right from the start is one thing but we know that things change – whichever the case, we can help!
This is about bringing the future into the present so you can do something about it. Budgeting and forecasting around things such as the cash coming in and out of your business is the key to help you planning your next tour or knowing when you will have the funds ready to record that next album!
Would you enter a recording studio without first going into pre-production? You could… but it’s highly likely your cost will blow out very quickly. Business is much the same – having a plan in place from the start will set a solid stage for you to perform.
If you're looking for accountants in Penrith. Let us show you how to turn your passion into a successful business.
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