Business Services
Accounting & Taxation Services
ACCOUNTING AND TAX SOLUTIONS FOR INDIVIDUALS, SOLE TRADERS, CONTRACTORS AND BUSINESSES
We believe accounting services should be straight forward and stress-free. By providing bookkeeping, accounting, and taxation solutions we will work with you to manage your cash flow and meet your tax obligations.
​
Compliance is of the upmost importance but we also believe in offering quality management advice and support. We are committed to offering the highest level of friendly and professional service and welcome the opportunity to work with you.
​
The areas we specialise in are as follows:
-
Accounting & Tax Consultancy Services
-
Personal & Business Tax Returns
-
Business and Tax Advisory
-
ATO correspondence Management
-
Self-Managed Super
-
Cloud accounting option
Business Accounting
ACCOUNTING AND TAX SOLUTIONS FOR INDIVIDUALS, SOLE TRADERS, CONTRACTORS AND BUSINESSES
You concentrate on running your business and let us take care of your business accounting and taxation requirements.
​
Some of the services we can offer your business include:
​
-
Accounting and bookkeeping
-
Accounting software advice and assistance
-
Business & company tax returns
-
Taxation – GST & PAYG advice, BAS preparation
-
ATO liaison when required
-
WorkCover advice and support
-
Audit advice & audit insurance
-
Superannuation for you and your staff
-
Business ‘start up’ advice
-
Prepare Business plans and financial budgets and review regularly
-
Measure your performance against industry benchmarks
-
Trust & company structures
-
Business Insurance.
Business Advisory
ACCOUNTING AND TAX SOLUTIONS FOR INDIVIDUALS, SOLE TRADERS, CONTRACTORS AND BUSINESSES
Our main aim is to help clients grow, develop and strengthen their businesses. Small, medium or large businesses all benefit from receiving expert help in areas such as strategy development, management accounting, cost analysis and budgeting. Such help is very important to attaining their short and long term objectives.
​
Our aim is to enable you and your business to maximise potential and profitability. We do this by providing the highest level of technical and commercial solutions to resolve issues that might impair the attainment of these outcomes.
​
Our expertise and time will help you attain your goals.
​
We specialise in the following:
​
-
Corporate Structure
-
Strategy development and facilitation
-
Strategic management reporting
-
Budget preparation and review
-
Updating your business plan
-
Business value maximisation
-
Systems review
-
Financial diagnostic analysis
-
Cash flow and profitability
-
Business succession planning and implementation
-
Business valuations for acquisition or sale
-
Estate planning
-
Asset protection structuring.
Bookkeeping & Financial Record Management
ACCOUNTING AND TAX SOLUTIONS FOR INDIVIDUALS, SOLE TRADERS, CONTRACTORS AND BUSINESSES
Data entry is one of the most important steps in the preparation of financial information. The more accurately data is entered then the greater benefit it is to ensuring your management information is up to date and accurate.
​
2020 Tax staff will get this job done efficiently, especially if using cloud based products and software shortcuts, which leaves you more time to concentrate on your business.
​
We can:
​
-
Design, establish and review accounting systems and software
-
Perform checks, reconciliations and end of financial year reports
-
Manage your accounts receivable and accounts payable
-
Ensure your business is up to speed with legislative requirements and management reports
-
Undertake payroll duties and compliance
-
Prepare and lodge BAS statements
-
Complete GST Reconciliation
-
Manage PAYG Withholding & Superannuation reports
-
Complete expense reports
-
Direct link to bank account transactions
-
Organise your documents and records
-
Help with data / ledger entry
-
Help with paying bills
-
Provide general business administrative support.
Cloud Accounting
ACCOUNTING AND TAX SOLUTIONS FOR INDIVIDUALS, SOLE TRADERS, CONTRACTORS AND BUSINESSES
We can assist you adopt and use a solution that works for you. Cloud accounting is based on your accounting software being stored online and accessed over the Internet. This allows you, your staff and your accountant to gain access from any location plus software and tax tables are automatically upgraded and data backups automatically managed.
​
Our solutions will help your business take advantage of an eco-system where your accounting software is the centre of all your information. From manufacturing and inventory, to customer relationship management (CRM), to rostering/timesheets and payroll, you will be in control of every aspect of your business. All is supported by comprehensive reporting.
Do not hesitate to contact us for an obligation free consultation session on business software solutions. With customised solutions, discounted software subscriptions, and hands-on and personal training, we are committed to deliver you a quality of service that will meet and even exceed your expectations.
Business Start-Ups & Structures
ACCOUNTING AND TAX SOLUTIONS FOR INDIVIDUALS, SOLE TRADERS, CONTRACTORS AND BUSINESSES
There are four main business structures commonly used by small businesses in Australia and we can help with them all:
​
Sole trader: an individual operating as the sole person legally responsible for all aspects of the business.
​
Partnership: an association of people or entities running a business together, but not as a company. A partnership is relatively inexpensive to set up and operate.
​
Company: a legal entity separate from its shareholders.
​
Trust: an entity that holds property or income for the benefit of others. Trusts require a formal trust deed that outlines how the trust operates, requires the trustee to undertake formal yearly administrative tasks and if you operate your business as a trust, the trustee is legally responsible for its operations. A trustee of a trust can be a company, providing some asset protection.
​
It is important to note that you can change your business structure throughout the life of your business.
​
We can help with the following:
​
-
Corporate Structures
-
Updating your business plan
-
Business value maximisation
-
Systems review
-
Sustainability
-
Strategic planning
-
Financial diagnostic analysis
-
Cash flow and profitability
-
Corporate compliance
-
Formation of trusts and new company registrations
-
Provision of registered office services for service of notices
-
Attending to ASIC returns and regular filings on your behalf
-
Business name registrations and maintenance
-
Preparing minutes and drafting resolutions.
Payroll Management
WE OFFER A COST-SAVING PAYROLL SERVICE THAT WILL GET YOUR EMPLOYEES PAID ACCURATELY AND ON TIME, WHILST KEEPING YOUR COMPANY COMPLIANT WITH ALL LEGISLATION.
​
Whether you’re just starting out, experiencing rapid growth or sustaining a mature company we have the solutions for your payroll needs. We know that accrual and recording of annual and sick leave is a headache most employers can do without.
​
At 2020 Tax we offer a cost saving service that will keep your company compliant with all relevant legislation and will process your payroll on time and accurately.
​
We will save you time, reduce costs and offer flexible options.
​
We can assist with the preparation of:
​
-
Pay slips
-
Updating to comply with Single Touch Payroll requirements.
-
Payment of salaries and other benefits
-
Accrual of all types of leave and recording of leave taken
-
Calculation and payment of superannuation