Category: BOOKKEEPING SERVICES

As a small business owner, you will have certain obligations to the ATO, in regard to reporting business taxation. Such obligations include the need to complete an IAS (Instalment Activity Statement) or BAS (Business Activity Statement). As your business grows, you may also need to register for GST.

At Just Accounts, we are very experienced with ATO reporting, and can help you with:

• Registering for GST
• Working out whether your sales are taxable, GST free or input taxed
• Including GST in the price of taxable sales
• Obtaining tax invoices for business purchases that have GST included in the price
• Calculating any adjustments
• Accounting for GST on cash or non-cash basis
• Reporting sales and purchases by lodging activity statements and advise on the required GST payments

In addition to your GST obligations, Just Accounts bookkeepers can assist you with:

• Pay As You Go Instalments (Income Tax)
• Pay As You Go Withholdings (Employee’s tax deductions)
• Fringe Benefits Tax, Luxury Car Tax, and Wine Equalisation Tax liabilities
• Fuel Tax deductions

 

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There is a saying that states ‘A happy worker is a productive worker’. One of the things that will make your employees happiest is being paid correctly in a timely manner.

Just Accounts bookkeepers are trained to provide payroll processing services of the highest standard. Our payroll management services can ensure your wages are correct, much to the delight of your employees.

Payroll processing services include:

• General Payroll
  • Ensure your staff are paid the correct rates and paid according to the correct hours worked.

• PAYG Withholdings
  • Any business that has employees or pays employees of another business must withhold an amount from payments made to them. Any payments made to a business that doesn’t quote an ABN on an invoice or other documentation must also have an amount withheld from payments.

• Entitlements
  • Calculation of leave including holiday, personal, long service and rostered days off.

• Payroll Tax, Workers Compensation Insurance, Employment Forms
  • Some or all of these may be needed for your business.

• Efficient and Electronic systems
  • These should simplify all processing and provide greater security for you and your staff.

We are also able to advise you on the correct payment of superannuation contributions for your employees.

At Just Accounts, we provide bookkeeping services that will help you to free up some of your valuable time to focus on operational matters within your business.

Our services will help you to understand how your business is performing. We will advise you the financial health of your business and this will give you peace of mind when making financial decisions.

Our basic bookkeeping services include:

• Bank Reconciliations
  • Compare your internal records with bank statements in  order to identify and rectify any discrepancies

• Profit & Loss Statements
  • Generated monthly and/or annually that reports the earnings of a business by stating all relevant income and all expenses that have been incurred to generate that income.

• Cash Flow Management
  • Manage your cash flow to ensure you have cash when you need it. This is the most critical aspect of your business.

• Financial Reporting & Analysis
  • Key information about the financial state of your business in language you can understand.

• Accounts Payable & Receivable
  • Identify money you owe suppliers and money that is owed to you by your customers.

• Credit control
  • Create systems that help you with aspects of giving credit, such as assessment of clients before granting credit, credit application, collection, and follow up procedures.

• End of financial year processes
  • Take away all the pressure associated with ensuring your books are ready for the end of financial year.

• Budgeting
  • Forecast your income and expenditure in order to identify how much you can afford to dedicate to particular expenses.

• Troubleshooting
  • Identify areas in your current accounting systems that can be improved or overhauled.

• Stock Systems
  • Set up systems that will track stock and automate reordering when stocks run low.