Are you ready to take your business to the next level? Here are just some of the benefits from working with Taxpro to help support your business venture’s growth.

Legal structure support

We work with entrepreneurs, tradies, and freelancers to help guide them on the best way to structure a business for performance and compliance from the outset. We can help support your business plan with forecasting and financial projections which would help you choose the right setup can actually save you tax in the long run. It is an exciting time, but it also can be challenging in that each business is different and there’s no one size fits all approach. There are four main business structures commonly used by small businesses in Australia. We’ll guide you through the options based specifically on your business, to find out what works best for you.

Expert tax advice

If you have already started your business but are ready to take it to the next level, then we can help you make the right tax decisions so when you do scale up, you are paying the right tax for your company, and don’t miss out on any opportunities. Taxes can be complicated and rules around deductions change so we make sure you avoid penalties. It is also consuming when you have a business to run, so leave the tax paperwork to us, so you can concentrate on growing your business.

Improve your cashflow

Many small businesses fail, simply because they have run out of money. If payments are not coming in when expected, it’s hard for businesses to then pay suppliers and staff and keep afloat. Positive cash flow is particularly important for small businesses. We give you a better understanding of the health of your business, and then give practical ways to improve your cash flow through planning, budgeting, funding and business performance (as well as ensuring you meet your financial commitments and regulatory obligations).

Manage growth transitions

If you win a big contract and need to take on staff, this can all happen quickly, so having an accountant to help support you through this transition can make it easier. Preparing payroll, invoices, compiling records and expenses, and gathering information for BAS and GST lodgements, all takes precious time from your day, when you could be working on your business. We have a team of bookkeepers taking care of the detail and we use MYOB – QuickBooks which is an easy online accounting software especially built for small businesses and advise clients about it. It creates your invoices for you, helps you manage your expenses and importantly report Single Touch Payroll to meet the ATO requirements. As well as speed, it can also improve accuracy, and optimising this process greatly reduces your hours spent on accounting tasks. It is especially useful if you have to produce a report, whether it is for finance, or the ATO, having everything in one place gives you instant access to your financial information.

For more information or to book an appointment, please contact Chloe on 08 9240 7629 or email: chloe@taxproaustralia.com.au

 

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