Business Accounting

 Business Accounting

1.      ABN, GST & TFN applications

ABN, GST & Tax File Number Applications are no longer a headache with NBA

We can apply quickly and easily for ABN’s or tax file numbers on behalf of our clients. We can also register our business for GST using our electronic lodgement software.

We have all the tools to make the process quick, and easy.

2.      Setups – Companies and trusts

Company Formation Costs from $990 including GST

Setting up a new business is such an exciting thing to do, but can also be a little overwhelming to the newcomer.  That’s where S M TRAN & ASSOCIATES can help.  We’ll guide you through all your start-up and systems requirements, so that you can get on with running your business without having to worry about structure, systems or administration.

Our Business Startup Services

Company, Partnership, Sole Trader? Which Company Structure is right for your business ?

Do you need help deciding which structure is right for your business?

S M TRAN & ASSOCIATES will guide you through this process and even complete your entity formation, and business registration for you.

3.       Book Keeping services   

Accounts payable data entry and management     

Accounts receivable data entry and management

Payroll & Superannuation

Bank and Credit Card Reconciliation

Preparation of BAS & IAS

Weekly and monthly P&L, Balance Sheet and Cashflow reports

Budget v Actual comparisons

4.      Payroll preparation

S M TRAN & ASSOCIATES can support you as your outsourced accounts department, and we will formalise an accounts manual so that you know exactly what to expect from us on a weekly, fortnightly or monthly basis.

5.      BAS preparation

Lodge your BAS (Business Activity Statements) with us and save.

Whether you prepare your own accounts or you want us to update them, we can lodge business activity statements on your behalf directly to the tax office. We have electronic lodgement software (ELS) that sends your BAS through cyberspace directly into the tax office.

And because we use ELS we can usually obtain lodgement extensions for clients who are having difficulties getting a month or quarter’s BAS ready in time.

6.      Financial statement preparation

Annual Reports, Balance Sheets, Financial Statement Preparation, it’s what we’re good at!

Perhaps you are a client who wants to have their financial statements very current and updated by us regularly (monthly, quarterly or bi-annually), or only updated once a year, we have a fee plan for you.

Fixed price accounting or our charge by the hour services, it’s up to you. We are different, choose the best option for you and your business.

7.      Business advice

S M TRAN & ASSOCIATES helps clients transform challenges into opportunities.

Most businesses face continuing challenges including increased competition, a struggling economy, globalisation and ever-changing technology. You might lament your lack of cash flow, rue a lack of clear vision, or question whether or not you are making the right choices.

S M TRAN & ASSOCIATES help our clients overcome these challenges by providing solutions to these problems.

8.      Business plans

At S M TRAN & ASSOCIATES we have assisted many small businesses start up over the past few years.

The first major step for many successful small businesses is developing a business plan.  It gets owners thinking about the development and growth of their business and maximising their successful launch in Western Sydney

9.      Income tax return preparation

At S M TRAN & ASSOCIATES we believe each client is unique thus we focus on delivering a tailor made company tax return solution and ensue you receive one of the best company tax returns. Our company accountants will help you understand how the tax law apply to you and your company. Our tax accountants work with our clients in order to maximise company tax returns and explore saving opportunities. We specialise in working with companies to ensure you develop, expand and dominate the industry.

10.  Tax planning

At S M TRAN & ASSOCIATES we can work closely with our clients to regularly review potential tax liabilities, and develop strategies to legitamately minimise your personal and business tax burden.

Advice on optimum tax structures to be used for your business or investments.

Income tax and Capital Gains Tax advice on asset purchases and sales including business, real estate, shares, etc.

Planning and estimating future tax liability.

Preparation of Self-Managed Superannuation Fund Tax Returns, Trust Tax Returns, Company Tax Returns, Individual Tax Returns, FBT Returns, and Business Activity Statements.

Advice on the taxation requirements of individuals, companies, trusts, superannuation funds, joint ventures and partnerships.

Retaining working papers and other documentation for protection in the event of a desk audit.