Our Services

/Our Services
Our Services2018-04-27T06:37:05+00:00

Accounting & Taxation

Accounting and taxation solutions for individuals, sole traders, contractors and businesses.

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Business Accounting

We'll take care of your accounting and taxation requirements while you concentrate on running your business.

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Personal Accounting

From tax returns to investment properties and negative gearing, we can help individuals and families.

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Bookkeeping & Financial Record Management

Every successful business is built around a well-managed set of books and financial records, and we can help with yours.

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Business Advisory

Our main aim is to help our clients grow, strengthen and develop their businesses. We can help you continue to prosper by setting up and executing your short and long term goals.

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Business Start-Ups & Structures

Choosing or changing your business structure is an important decision, and we can advise on the best structure for your needs.

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Cloud Accounting

The benefits of cloud accounting can be a great time and money saver for any business owner. We can assist you adopt and use a solution that works for you.

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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.

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Man and woman sorting out their accounting and taxation

Accounting & Taxation Services

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 options.
Business discussing their accounting

Business Accounting

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.
Young professional with his own business

Personal Accounting

We offer a range of Personal Accounting services for individual employees but our most popular service is assisting with the completion of individual tax returns.

Tax returns can be complex and there are often allowable tax deductions and expense claims available that our clients are often not be aware of. We can help you minimise your payable tax and potentially increase your tax return plus make sure your tax return is lodged on time.

We also offer advice on:

  • Investment properties, tax and negative gearing
  • Tax & share investments
  • HELP (higher education loans) debts
  • Superannuation advice
  • Advice on setting up a self-managed super fund (SMSF)
  • Late tax returns.
Accountant with files from the bookkeeping archive room

Bookkeeping & Financial Record Management

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.
Business consultant presenting to staff

Business Advisory

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.
Startup business having a meeting

Business Start-Ups & Structures

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.
Cloud Accounting solutions featuring MYOB, Reckon and XERO

Cloud Accounting

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 subscription, hands-on and personal training, we are committed to deliver you a quality of service that will meet and even exceed your expectations.

Australian dollars in back pocket

Payroll Management

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