Services

Are you tired of feeling overwhelmed and stressed out when it comes to managing your business finances?  We can help.  We do everything we can to help your business succeed. With years of experience in accounting and taxation, we have the expertise to help you navigate the complexities of financial management with ease, ensuring you always feel informed and in control.

Services

  • Cashflow management and reporting

  • Business Activity Statements

  • Business set up & best entity advice

  • Business Plans

 

  • Bookkeeping & payroll support

  • Bookkeeping software training

  • Preparation of Financial Statements

  • Business & individual Taxation Returns

  • ASIC Corporate Compliance

 

Why do I need an accountant?

Accountants are highly beneficial because they are experts in financial management and can help individuals and businesses make sound financial decisions. They have the knowledge and skills to accurately track, analyse, and report financial data, ensuring that budgets are managed effectively, taxes are filed correctly, and financial statements are prepared accurately. Accountants can also provide valuable advice on financial planning, investment strategies, and risk management. By working with an accountant, individuals and businesses can gain greater financial insight, reduce their tax liabilities, and improve their overall financial health.

While it may be tempting to handle your own accounting, there are several reasons why it may not be a good idea:

  1. Lack of expertise: Accounting involves complex concepts and regulations that require specialised knowledge and skills. If you don't have a background in accounting, you may not be aware of all the rules and regulations that apply to your financial situation.

  2. Time-consuming: Accounting can be a time-consuming process, especially if you're not familiar with the software and tools required to manage your finances effectively. This can take away from your core responsibilities and impact your overall productivity.

  3. Mistakes can be costly: Accounting mistakes can have serious consequences, such as missed tax deadlines, incorrect financial statements, or improper categorisation of expenses. These mistakes can result in penalties, fines, and other financial liabilities.

  4. Risk of fraud: Without proper accounting controls and oversight, there is a risk of fraud and embezzlement. This can be especially problematic if you're a small business owner or managing your personal finances.

Overall, working with a professional accountant can help you avoid these potential pitfalls and ensure that your finances are managed accurately and efficiently. They can also provide valuable insights and advice that can help you make better financial decisions in the long run.

Book a Consultation

with Jennifer Blay Business Consulting today.