Here at Custom Accounting we understand that every kind of business, from a farm to a family owned operation to a major corporation all face the same basic challenge: How to make certain that all the vital reporting, ATO and ASIC compliance – as well as the structure and integrity of the business – are all being given the right amount of attention and that no detail is overlooked and no opportunity missed. It is here that Custom Accounting can truly be of assistance to your business. We are detail orientated by nature and we have a deep knowledge of every aspect of tax law, compliance and reporting. We have distinct services for each aspect of your business and those services can make many of the day to day issues of your business far easier to handle.
Compliance
We have extensive experience in attending to compliance requirements for all different types of businesses and structures. As a general rule, many small to medium size enterprises cannot justify a full time employed accountant and our services cover the full range of these “outsourced” services from regular / monthly reporting of GST obligations through to annual reporting to the ATO and ASIC.
Services & Features
Services
- Review and advise in relation to business structure.
- Establishment and/or review of existing internal reporting systems.
- Assistance with, preparation and lodgement of Business Activity Statements.
- Preparation and lodgement of annual Income Tax Returns and Financial Statements.
- Advice in relation to all State and Federal Taxes.
- Advice in relation to legislative changes affecting your business.
- Attending to all requirement of Corporations Law, lodgements with ASIC and providing registered office facility.
- Corporate secretarial services including attendance at Board meetings and recording of Minutes.
Features
- Our initial meeting (at no charge) determines your requirements and whether we jointly are of the view our proposed business “partnership” will be successful.
- One of our experienced Chartered Accountants will conduct the initial meeting and will always be available for advice by your preferred method of communication (i.e. either meeting, email, fax or telephone).
- You will be appointed an account manager who will be responsible for all your compliance requirements.
Benefits & Results
Benefits
- Maximise your wealth by providing tax-effective planning.
- Minimise your tax liabilities within legal boundaries.
- Maximise your asset protection.
- Timely advice on changes in legislation that affect your business.
Results
- Efficient, cost effective, timely and accurate reporting and lodgements.
Management Reporting
There’s great sense in outsourcing your financial management reporting because of the cost effectiveness and the greater level of risk management that comes from a fresh set of eyes. Rather than have your key financial people stretched too thinly doing tasks such as data entry and debt recovery or even IT maintenance and the HR issues; why not have an expert available to do all this work for you? Considering the rising complexity of reporting and compliance laws, engaging CA could be the simplest way to increase the efficiency of your business.
Services & Features
Our Services
- Our initial meeting (at no charge) determines the level of service you require and clearly outlines the services we provide.
- You will be appointed an experienced accountant who will be responsible for all your management needs.
Features
- Initial review of internal office systems and procedures.
- Assess and implement the right information technology into your business.
- Develop a close liaison with your key personnel to handle day to day issues.
- Review of ledger balances and reconciliations.
- Monitor bank and credit card reconciliations.
- Provide asset schedules on a monthly or quarterly basis.
- Provide Hire Purchase or lease schedules for accurately recording monthly payments.
- Assist in the preparation of annual budget and cash flow requirements.
- Provide Budget to Actual comparison reports and identify and investigate cost inefficiencies on a monthly basis.
Benefits & Results
Benefits
- You have the confidence that comes from knowing all the detail work in your business – the administration, reporting and analysis – is being looked after by experts, while you look after the bigger picture.
Results
- You and your key staff have the time to truly focus on growing you business.
- Your financial information always up to date and accurate.
Business Consulting
Most small to medium businesses do not have the capacity or need to employ a full-time financial director. The cost associated is generally prohibitive. Nevertheless there is certainly a need to have an expert to fulfill this role on a part-time basis. At Custom Accounting we offer businesses commercial experience and expertise on the wide variety of demands placed on them.
Services & Features
Services
- We tailor our offering to meet your needs and will be flexible to respond to and identify changed circumstances.
- Our service provides prompt response and availability for meeting, telephone conferences and email advice.
- We provide a broad range of experience in running a business, and are available to assist in this regard as requested.
Features
- Develop the financial structure and strategic positioning of your business.
- Assess and implement appropriate information technology into your business.
- Develop a close liaison with your key personnel to handle day to day issues.
- Assist in staff recruitment and training.
- Attend to all compliance issues in relation to employment, taxation, superannuation and other legislation.
- Attend management and board meeting as appropriate.
- Assist in financial negotiations.
- Provide accurate, easy to read and timely management reports to assist you.
- Cost effective service.
- Our initial meeting (at no charge) determines your requirements and whether we jointly are of the view our proposed business “partnership” will be successful.
- One of our experienced Chartered Accountants will conduct the initial meeting and will always be available for advice by your preferred method of communication (i.e. either meeting, email, fax or telephone).
- You will be appointed an account manager who will be responsible for all your compliance requirements.
Benefits & Results
Benefits
- To have the expertise and commercial experience without the costs associated with full-time employees.
- Access to our wide network of professionals.
- To reduce the liability and associated risks of a full time employee.
Results
- Allow you to focus on business strategies without the worry of supervising your accounting function.
Virtual Office Services
Whether its bookkeeping or the office payroll, we take away the problems leaving you to do what you do best. We have a range of Office services to make your business run smoother and make your life easier.
Virtual Office Bookkeeping Service
Our virtual office bookkeeping service is a simple and effective way of managing your business administration needs without the cost of employing a full time bookkeeper.
Services & Features
Our Services
- We offer this virtual office service to your business as an alternative to setting up a full administration office.
We assess your business on an individual basis and Custom Fit our service to suit your situation.
Features
- Implementation of an electronic accounting system.
- All data entry requirements.
- Reconcile bank and credit card accounts.
- Produce monthly debtor/customer statements.
- Reconcile and collect monthly debtor/customer receipts.
- Reconcile and pay monthly creditor/supplier accounts.
- Maintain all records for tax purposes.
Benefits
- You save wages, insurance costs and office space while knowing that our experienced and professional team ensures that your records are accurate and kept in accordance with Australian Tax Office requirements.
- Working this way often means there are savings with your Year End compliance work because we keep your books accurate and compliant on an ongoing basis.
Virtual Office Payroll Service
Payroll management is becoming an increasingly complex function. We offer a flexible and accurate payroll services Custom Fit for you business. Our virtual office payroll service allows your business to focus on more value added tasks and reduces your labour and overhead costs.
Services & Features
Our Services
- We offer total management of the payroll process ensuring your staff are paid on time and all statutory requirements are met.
Features
- Prepare and maintain electronic payroll records.
- Prepare employee pay slips and arrange for electronic transfer of wages.
- Notify superannuation funds of contributions and arrange monthly or quarterly electronic transfers.
- Calculate, lodge and pay monthly payroll tax liabilities.
- Prepare and distribute year end PAYG summaries.
- Preparation and lodgement of annual workers compensation reconciliations.
- Preparation and lodgement of Annual payroll tax summary with OSR.
- Preparation and lodgement of Annual PAYG summary with ATO.
- Comply with all statutory requirements.
- Maintain employee leave, sick and long service leave accruals and records.
Benefits
- You have the freedom to focus on other things knowing that the payroll function is up to date and compliant with the latest legislation.
- The cost benefit of using CA’s services far outweighs employing a full time or part time payroll employee.