Business Bookkeeping
ABOUT US
Bookkeeping entries are to be accounted for carefully and any deviation or discrepancy can invite penalties from ATO or Fair Work Australia. Our team provides customised bookkeeping solutions. We can help you with maintaining day to day accounting records and reports. Our accountants understand the bookkeeping best practices and can maintain your accounting records in various software such as Xero, MYOB, Quickbooks, and Receipt Bank. Further, if you are a bookkeeper based in Australia, then you can avail our backend bookkeeping support. As part of our bookkeeping services, we provide the following solutions:
- Recording entries on a regular interval
- Bank reconciliation with simplified formats
- Payroll calculations and record-keeping
- Handling accounts receivables and accounts payables
- Tax accounting
- Periodic accounts review
SPECIAL BAS PRICE!
Get an experienced Business Bookkeeping Accountant.
Business Activity Statement
Business Activity Statement
If your business is registered for GST then you are required to lodge a Business Activity Statement (BAS) on a monthly, quarterly, or annual basis, based on your GST turnover. We are registered BAS Agents that can help you set up compliance systems, guide you with various areas of law, and represent you before the ATO for any compliance matter that may arise. As your BAS Agents we carry out the following activities:
- Check GST payable on your sale bills and GST input on your expense bills.
- Ensure that the GST and PAYG obligations are properly calculated and paid on time.
- Reconcile GST and PAYG amounts against the balances appearing in ATO records.
- Prepare BAS reports and the lodge the same with the ATO.
With our BAS lodgement services you minimise your tax liability legally and we ensure that correct records are maintained in case ATO asks for the same.
Payroll Processing
We understand that payroll processing involves complex calculations and accuracy with every data entry Our team can help you manage payroll processing for your clients whether you are a large company or a small business or franchise.
Here is an overview of what we have to offer as part of our payroll services:
- Payroll processing
- Ensuring compliance with respect to payroll
- Calculating and processing superannuation amounts
- Supporting in PAYG calculations and processing
- Overall payroll management
After you share your employee records with you we prepare the payroll sheet for regular wages as well as employee expense claims and process the payrolls on a weekly or fortnightly basis through STP (Single Touch Payroll). Not only this but we also take onus for the Employee Super Guarantee and PAYG (Pay As You Go Tax) calculations and report them to the concerned authority as these amounts fall due.
Payroll processing should be a hassle-free experience and that is how Auditax can help you. We keep you updated about the payments that you are required to do as a part of payroll management.
Management Reporting Solutions
Proper checks and controls are required in any business for ensuring that the overheads, sales, incomes, expenses, and other line items are properly accounted for and checked on a daily basis. If checks are not maintained, then, in that case, discrepancies might arise and the situation might become very stressful. Auditax provides you with the solution by way of customized reports. Our team maintains management accounts, management reports, and cash flows statements for your business which also helps in tax finalization and lodging income tax return at a later stage.
Tax Returns
Taxes are simple when you leave it for Auditax to handle it for you. We can help you from the scratch and assist you in tax return preparation, corrections in the previously lodged returns, estimate the tax amounts, and tax accounting. Have a look at the areas that we can help you with:
- Business Tax Returns: All businesses are under an obligation to lodge an annual income tax return. With regular accounting and bookkeeping services, we make it easy for you to file your year-end business tax return.
- BAS Return: A business in Australia that is registered for GST is mandatorily required to file a business activity statement (BAS). Business accounting firms like ours will help you calculate, report, and pay the following taxes:
- Goods and services tax (GST)
- PAYG tax installments
- PAYG withholding Tax
- Other miscellaneous taxes
Why Should You Choose Auditax?
Our expert services lead to a reduction in the costs since we ensure that you need not pay any penalty.
You can fill a Contact Us form given at our portal, or give us a phone call, or make use of the Online Booking Tool to get in touch with us and our team would arrange a call back within 24 hours.
Our team of accountants are trained and specialized in their work and are supervised by CPAs. They ensure to provide your error-free work every time.
OUR BUSINESS ACCOUNTING SERVICES
Auditax Accountants offer a wide array of Accounting services to businesses throughout Australia.
BLOG
JobSeeker COVID Supplement Extended but Reduced
In order to support the economy, the government has decided to extend the temporary JobSeeker COVID supplement for a further 3 months until the 31 March 2021, although at a further reduced rate. The temporary supplement was due to end on 31 December 2020, however, with the [...]
Seasonal Workers: Tax Obligations
Due to the COVID-19 pandemic and closed borders, many seasonal workers who were a part of the seasonal work program (SWP) have been stuck in Australia since their visa ended. With uncertainty of tax consequences stemming from their visa status, many workers as well as empl [...]
JobMaker: How Your Business can Take Advantage
The Government has released details of what it calls its “JobMaker” hiring scheme. It will take the form of a payment to employers for each new job they create over the next 12 months. It is estimated that the scheme will cost $4 billion and support about 450,000 employees [...]