Expert SMALL BUSINESS ACCOUNTants

Let’s make sure that your business is making sufficient profit to achieve your goals. As small business tax & accounting specialists, we help you to make money. Not to grow for the sake of size and revenue alone but to focus on profit and your lifestyle. That’s why you decided to be your own boss in the first place.

Our services are categorised according to the basic lifecycle of a business:

Start Up

Business plan

Business structure set up

Asset protection

Assistance with any finance requirements

Registrations with Australian Taxation Office (ATO) & Australian Securities and Investment Commission (ASIC)

Maintenance

Bookkeeping

Business/Instalment Activity Statements (BAS & IAS)

Financial Statements

Pty Ltd Company and Trust Tax Returns

Fringe Benefits Tax (FBT) Returns

Tax Planning

Goods & Services Tax (GST) issues

State Taxes – Payroll Tax, Transfer Duty, Land Tax

Growth

Monthly or Quarterly Financial reporting

Budgets & Cash Flow Forecasts

Funding approval assistance

Performance improvement strategies

Pricing strategies and profitability scenario analysis

Cost analysis

Industry benchmarking

Business acquisition and due diligence

Restructuring

Lease and contract review

Exit

Sale of Business

Transferring business ownership

Minimise the effect of CGT (Capital Gains Tax) using the Small Business CGT Concessions

Provide for and protect loved ones with Estate Planning

 

James FreemanJames Freeman
23:22 06 Dec 21
Stephen was brilliant and was so quick with responses and made the process so efficient. 100% would recommend bristax and Stephen in particular.
Michael CroftMichael Croft
00:53 14 Oct 21
After some terrible experiences historically with other accountants I found BrisTax to go above and beyond. My return was managed by John Ellis who achieved a result far outweighing my expectation at a very reasonable cost with consideration granted to the return. I would recommend BrisTax and specifically John to anyone chasing an outstanding account.
Josie KentJosie Kent
23:51 11 Oct 21
Highly recommend Bristax, especially John!
Mark FontanaMark Fontana
01:33 16 Jul 21
Highly recommend Bristax. John was fantastic helping me with my return.Do yourself a favour and use Bristax, you won't be disappointed.
Caleb EastCaleb East
09:44 12 Jul 21
Stevie has been super helpful! A wealth of knowledge and a lovely person. Highly recommend!
I had a time sensitive issue with my old SMSF Tax Accountant that they wouldn't fix. So I organised a phone consultation with Stephen who was super helpful and resolved my issue within the restricted time period.Now BrisTax have a new client for life.Thanks again Stephen!
M TM T
05:50 03 Jul 20
Stevie was amazing ; and made the tax process easy!She has so much knowledge and was professional and helpful!
Jacob GrayJacob Gray
08:03 11 Mar 20
Professional service. Honesty. And I got $1000 more than I was quoted through the ATO website self service portal. Winning.
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WHY BRISTAX?

Expertise. The biggest difference between us and other Australian small business accounting firms is our expertise. Not only do you deal directly with senior or partner level accountants, your financial statements and tax returns are prepared by senior or partner level accountants.

Unlike most Australian small business accounting firms, we refuse to employ graduate, junior or even intermediate accountants. Why? We are serious about minimising tax to the highest level. It’s simply not possible for inexperienced accountants to fully understand the intricacies of the Australian tax system. It takes many years to properly understand, let alone master, Australian tax.

Tax is like a game of chess. There are many changing variables to consider. Even one decision can make a huge difference.

Serious about minimising your small business tax?

CONTACT» us now for a free consultation.

FINANCIAL ACCOUNTING FOR SMALL BUSINESS

Financial accounts fall into two main categories: internal and external accounts. What’s the difference?

INTERNAL 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

External accounts are for shareholders and other interested parties including those offering financial services. They are necessary for companies listed on the stock exchange and those required by statute to prepare financial statements. These accountants follow a standard format that is now dictated by worldwide accounting standards.

Benefit from our Financial Accounting services

Internal and external financial reporting

Financial Performance Profit and Loss Statement

Statement of Financial Position Balance sheet

Cash flow statements and accounting advice

Development and maintenance of financial ledger and accounting systems

Maintenance of fixed asset register

COMPANY SECRETARIAL ACCOUNTING FOR SMALL BUSINESSES

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 penalties for failing to keep up with changing rules are too great a risk to take. We relieve this burden for you through the following services

Share allotments and transfers

Appointment and resignation of directors

Registration of business name, PAYG and GST

Formation of new companies and trusts

Company searches, registration and constitutions

Electronic lodgement of company changes and change of address

Application for Australian Business Number and Tax File Number

Annual ASIC company statements and minutes preparation

TAX PLANNING FOR SMALL BUSINESS

Did you know that small businesses with an annual turnover of less than $2 million may qualify for a range of tax concessions, such as CGT exemptions or reductions?

Tax Planning allows you to be informed in advance of all your upcoming tax liabilities, discuss any access to concessions, and ways to offset the cost of buying business assets.

Planning is preferable to a mad scramble at tax time, so book a consultation today.