SMALL
BUSINESS
A small business generally has revenue under $10m per year. As a small business you may be employing staff, determining how best to pay yourself, or even building a legacy for your family.
Some things to consider:
Understanding the separation between yourself and your business. A common question is how best to use business assets for personal use and vice versa.
How best to deal with possible Fringe Benefits Tax and Division 7a loans that could eventuate through drawings and private use of business assets.
Updating your tax plan to best understand and plan for tax obligations between your company, trust and personal.
Contact us for a free 30 minute strategy session to find out if there’s anything that we can work through together to achieve the best results for you and your business.
BOOKKEEPING
Bookkeeping is an important part of your business, can could be cheaper and more effective if outsourced vs in-house. At OAK provide a fast, cost-effective and reliable service that is tailored to suit your needs.
Staying on top of your bookkeeping will help maintain a healthy cash flow for your business and allow you to spot trends in your finances early. This kind of information is invaluable to help keep your business healthy and profitable.
ACCOUNTING
We help you understand your numbers so that you can control costs, make great decisions, and ultimately, make profit!
Acquiring assets, disposals, and changes in business direction solid financial analysis for effective decision making.
With filing deadlines and penalties, it is vital that your accounts are accurate and maintained. You should know the amount of tax you need to pay well in advance. This not only helps with your cashflow, but also helps avoid any unnecessary surprises at the end of the financial year.
TAX
You may have recently started your business or your earnings have started to increase.
It’s best to avoid unexpected tax bills at the end of a year. You may need to pay tax during the year, whilst maintaining the balance of business and personal cash flow. We work with business owners to help get that balance working.
By keeping ahead of the ever changing tax system, we offer practical solutions which are right for you. The Australian tax system is now more complex than ever, and for this reason, we believe that you could benefit from our guidance and tax advice.
SUBSCRIPTION SERVICES
Visit our services page to find out more about our subscriptions for Bookkeeping & Accounting. Let us take care of the nitty gritty stuff and accounting so that you can get back to growing your business and spending time with the family!