FAQs: Acounting & Taxation Services

Can I get a fixed fee?
Yes, we will provide a written fee estiamte for accounting and tax services clients. To take up a fixed fee offer you simply engage us using our normal engagement letter and terms agreement - the fixed fee letter is referenced in this engagement which binds us to the price as long as the job does not significantly change.

What do you need from me to do my accounting and tax work?
We need your substantiaion documentation or your MYOB data file for your business or investment entity, and your written unertaking that you have the substantiation records for our query where required. We can then take that information, input it into our Accounting and Taxation software adn prepare accounts and reports for analysis and adjustment in accordance with Australian Accounting Standards. We then produce a taxation reconciliation and a tax return. Your tax returns are goign to produce different information as comapred to your financial reports (different net income for instance) because of the differences between Financial Accouting and Australian Tax Law in most situations. We can explain these differences to you as requested.

When can I get my accountng and tax work done?
You can bring your work in for us to start on in July - as soon as you have all the relevant information. WE have an early bird offer of 30 days retirn of completed work for clients who provide all their data and responses to our queries before August 30.

When is my Tax Return due to be lodged with the ATO?
This depends on a nuymber of things - whether you are up to date with your lodgments, whether you have any new entities, what type of entity it is, whether you are currently registered with a tax agent etc. If you ask us about this we can advise you of your lodgment dates.

What do you provide me when you have finished the job?
We give you final reports - copies of teh tax returns and annual financial reports where financial accounting has been provided. We also provide documents for you to authorise the lodgment of the returns and do not lodge the returns until these are signed by you. We use electronic lodgment which speeds up the ATO assessment substantially in most cases. We also can provide electronic .pdf copies of these documents as requested. We also as requested are able to provide adjusting journals for your bookkeeping files in MYOB and if you woudl prefer can make the adjusting journals for you.

Can I get a referral to a good bookkeeper?
Yes, we have good relationships with some excellent bookkeepers adn can refer you. We also have in house bookkeeping trainers - certified MYOB trainers. We can coach and provide ongoing support in this area. Our costs in this area are not as cheap as a bookkeeper who operates independantly due to the certification levels and liability of our bookkeepers to get it right (since they work for us we are responsible and so have a supervision and review process that results in higher cost). You may for instance wish to use our bookkeeping service to get you started.

How do I engage you?
You email or call us expressing your interest and we will take care of the rest.