Business Accounting Services
Financial Accounts fall into two main categories – internal accounts and external accounts.
Internal accounts are a necessity for most businesses or associations, so that financial progress can be examined and acted upon. Jobs accounting or cost accounting is a valuable tool for management to pinpoint jobs that are not profitable. Cash flow analysis accounts are a very useful tool for monitoring cashflows.
External accounts are for shareholders and other interested parties including those offering financial services. These are necessary for companies listed on the stock exchange and for those companies required by statute to prepare financial statements. These accounts follow a standard format which is now dictated by world standards of presentations.
We can assist you with the following Financial Accounting services:
- Internal and External Financial Reporting
- Statement of Financial Performance Profit and loss statement
- Statement of Financial Position Balance sheet
- Cash flow statements
- Developing and maintaining financial ledger and accounting systems
- Maintenance of fixed asset register
- Accounting advice
Company legislation requires businesses to perform many administration tasks which take up a lot of valuable company time. The last thing you need as a business owner is to be stressed out about trying to ensure you are complying with the Corporations Law.
The possible threat of penalties for failing to keep up with the changing rules is too great of risk to take. We relieve this burden for you.
Our services include:
- Share allotments
- Share transfers
- Resignation of directors
- Appointment of directors
- Annual ASIC company statements
- Change of address
- Electronic lodgment of company changes
- Company constitutions
- Formation of new companies
- Formation of new trusts
- Application for Australian Business Number
- Application for Tax File Number
- Company registration
- Registration of PAYG and GST
- Company searches
- Minute preparation
- Business name registration
The two biggest differences between us and other Australian accounting firms are our expertise and responsiveness. You only deal with senior or partner level accountants. Not graduates or even intermediate accountants. This means you get the expert advice you need promptly. No waiting for days. No vague advice by someone who doesn’t understand what they are doing.
We focus on businesses with annual turnover up to $10,000,000. This enables us to customise our expertise and services. We all know that trying to do too many things means you end up doing many things with mediocre results.
Bristax is a member of CPA Australia and The Tax Institute. The Tax Institute is Australia’s peak body for tax professionals. We strive to maintain the highest technical and ethical standards.
We understand that although there are certain aspects that many businesses share in common, no two businesses are exactly the same. We don’t pretend to know your business better than you do. We do try to understand your business enough to the point where we can customise our services and provide better value to you. Bristax is an online accounting firm that focuses on what really matters. We don’t provide worthless business consulting that ends up costing you more than the money you make.
We understand that the reality of many small to medium sized business is doing what you do best, day in and day out. It’s not normally not exciting, but success in any area of life requires dedication and commitment.
Whether openly acknowledged or not, the truth is that most business owners operate a business with the hope of making lots of money. Otherwise they would work as employees. Other motivations of operating a business are to be independent e.g. be your own boss, and to pursue a passion. Being your own boss and pursing a passion are worthy goals. However, you still need to make sure your business is making sufficient profit, to achieve your goals. We help our clients to make money. Not to grow for the sake of size, as size does not equal profit.