Bookkeeping and Accounting

BAS and Tax Returns

Although this is pretty standard for a tax agent to complete, Fresh Numbers looks for ways to create the best possible business tool as well.

In completing your bookkeeping and accounts to meet all compliance needs for the business, it’s important that the accounts can also help you as well. Under our various programs we get the lodgements in on time so that all your compliance requirements are up to date and leave you with as little pressure as possible. Occasionally when our clients feel that a BAS payment may be difficult, we will call the ATO on our client’s behalf and suggest strategies to help complete the payments.

Bookkeeping and Accounting Behind? Tax Office Problems?

There is immense pressure on businesses to survive and be profitable. In doing so, many have forgotten or ignored their BAS and tax returns.

Often this is simply a case of needing to complete and lodge returns combined with a strategy to deal with and negotiate any outstanding debt. With Fresh Numbers, our clean-up product is designed to get your accounts in order and set in place an accounting program to bring your business forward.

Tax Planning

The key to Tax planning is timing. After the financial year, we suggest you plan purchases of assets and consider investments, as well as do the basics.

It’s also important to look at the business’ position during the year, and have a full review again about April or May so that all options have been explored before June 30th.

Our programs are designed to give you the best opportunity to review and consider what can be done to legally minimise your tax expenditure for any period. Clients who want to specifically discuss these issues can do so at any time in our programs and products. In special circumstances we may recommend seeing a tax lawyer or a financial planner, but at all times our clients can make decisions based on having all the information at hand.

Poor information? Poor advice in the past?

In the past many businesses have taken advice that has left them poorly structured and lacking control of their business and finances.

At Fresh Numbers we look at your accounts and create a chart of accounts that allow you to get detailed information on product, clients and staff performance. You know your business so you tell us what you need to see. This process is not just once, but an evolving process especially through the 52 week program.

Assisting with Auditing

If a client in one of the ongoing programs is audited (for example the 52 week program program, My Accountant next door program then the work required to complete the audit will be automatically completed by our accountants.

If you have just been notified by the Australian Taxation Office that they want to audit you, then we will clean up the accounts and work with you under a fixed quote in a manner that allows you to get back to your business without too much disruption.

Business Development

Business Start-up

Starting a business for the first time is the most “exciting and most frightening” thing you can do – so it’s important that first you understand the makeup of your accounts and then next you create a habit of review.

Fresh Numbers will advise you on the right business type for you, set up your accounts and teach you how they work. For more information on this product click here

Payroll

We are geared to complete a business’ payroll independently or as part of one of the other programs.

As payroll is the biggest cost to most Australian Businesses, it’s important that the payroll is processed and managed carefully. The costing for products and services may also be included in the way the costs of the payroll are completed. For more information on this product click here

Size doesn’t matter

Whatever size your business is, we will perform for you using all our skills to deliver our promise.

Be it a new business, a single operator business or a large organisation with a large payroll and complex management system, we have the experience and culture to deal with all clients.

Compliance Planning

Simply put, compliance planning is the act of managing the money that through legislation will be due to various governing bodies, such as the Australian Taxation Office, worker compensation, insurance companies, state tax authorities and others.

As cash moves through your company, it’s important to manage these funds so that they are paid in a timely manner. This is often easier said than done. Businesses that need to change their market, businesses that are growing will often have this cash locked away and tight financial planning in place to pay the compliance costs is important.

At Fresh Numbers we are well aware of the issues that face a business and will help develop the routines that manage compliance costs.