Services
Bookkeeping
We provide Bookkeeping services through various online accounting software platforms such as MYOB, QuickBooks, and Xero, reducing staffing requirements and associated costs like payroll taxes and employee benefits. Our trustworthy personnel are bonded and possess extensive industry experience. Payroll isn't just about paying your staff; it involves complexity and consumes time. Our experienced staff serve as your internal payroll department, expertly handling the complex, compliance-driven tasks, freeing your focus for running your business effectively.
Payroll Services
As a business owner, you understand the strategic use of your time and resources. At Smart Tax People, we comprehend this and offer accounting and payroll support, including Single Touch Payroll (STP), preparation and lodgement of payroll tax, assistance with superannuation contributions.
Budget and Planning, Variance Analysis
Budget variance analysis is a crucial tool that evaluates your company's real financial performance in comparison to the projected or expected figures. It delves into various types of variances, such as revenue variances, cost variances, and volume variances. Revenue variances, for instance, come into play when there is a disparity between actual revenue figures and the anticipated budgeted revenues.
Cash Flow Forecasting
A cash flow projection is your forward-looking assessment of the anticipated cash movements into and out of your business. This comprehensive forecast encapsulates all your expected income and expenses, typically spanning a year, though it can also be as brief as a week or month.
GST Compliance, BAS Submission
Preparing Business Activity Statements (BAS) or Instalment Activity Statements (IAS) can be intricate and time-consuming for business owners. It might even divert their focus from core business activities, potentially harming their business. We're here to help. Our team of experienced Accountants and Registered Tax Agents will maintain your records, prepare your BAS/IAS, TPAR, and ensure timely lodgement to comply with statutory obligations.
Business Tax Returns
We formulate income tax returns for various entities, including individuals, sole traders, trusts, partnerships, and companies. Additionally, our Tax Planning services maximize your returns on capital. Our competitive fees are offered to all clients, with attractive discounts available when you choose our services throughout the year.
Business Setup
We offer guidance on suitable business structures based on varying business needs, assisting with setup, whether it's a Sole Trader, Partnership, Trust, or Company. Our services extend to preparing business plans, facilitating legal agreements, certifying documents, and preparing documents for commercial leases.
Personal Tax Return
At Smart Tax People, we're committed to streamlining your tax responsibilities with a personalized touch. Our approach to personal tax returns is tailored to your unique circumstances, taking into account the potential deductions that align with your specific occupation. We believe in making the tax return process as seamless as possible, ensuring that you maximize your tax benefits.