Small Business Specialist Accountant
We combine a real understanding of your business with financial analysis to establish accurate projections. Whether you are an established business that has been trading for some time or a start-up launching your new business venture, you’ will be able to have absolute confidence that your business or personal tax is in good hands. Our clients range from small businesses to medium sized enterprises (SME) up to $50M in turnover.
Our services include:
Business tax compliance services Company Set up | Management Accounting for all businesses Management accounting | Audit Insurance Business Advisory BAS, GST,CGT planning, STP (Single Touch Payroll) FBT Bookkeeping services Cloud accounting services
Four Step Approach | Business Strategy
We combine a real understanding of your business with financial analysis to establish accurate projections. It is not uncommon that many businesses are contacted by their accountant warning of a bigger tax bill than they were expecting.
Step 1 | Crunch (and compare) the numbers
Provide us with your income & cashflow statements, balance sheets and your P&L statements.
We will uncover:
- Business profitability
- Year on Year comparison
- Cashflow
- Sales and growth
- Reasons why these impact on your business
Step 2 | Review your Business Goals
Did you outperform your profit goal? Or not quite turn over as much as you’d wanted to? Here are some things to consider:
- Did you diversify your business (and income streams) during the year in line with a business development strategy?
- How profitable was this new branch of your business compared with the main source of income?
- Have you thought about what you can stop doing and start doing to be more profitable?
Step 3 | Review your Costs and Contracts
- Are there any errors, double-billing or unnecessary costs?
- Has any category of costs blown out with little return?
- Are there any opportunities to outsource and save?
- Can you review contracts for things like telecommunications, insurance and utilities, or discover more flexible products?
Step 4 | Perfect your processes
As you’ve been carrying out these checks, you may be thinking there’s an easier way.
- Was it difficult to get all your financial reports together?
- Did you neglect goal-setting?
- Was it a little time-consuming to come to an understanding of your expenses?
Well, there is often an easier way. Consider redesigning your finance-related processes to eliminate any duplication. For example, have a look at technology options and automated solutions that can help you manage and track this data. This could not only save you thousands of dollars each year but also allow you to achieve business growth aspirations that you did not think possible.
So, are you ready? Let’s start
Payroll Guide for Small Businesses Owners
In 2025, significant payroll changes will affect businesses, from new wage theft laws to updates in GST reporting and superannuation. It’s crucial for business owners to stay ahead of these changes by reviewing contracts, updating payroll systems, and meeting all necessary deadlines. By avoiding common payroll mistakes and staying compliant with new regulations, you can ensure your business remains on track and avoids costly penalties. If you’re unsure about how these changes impact your business, it’s advisable to seek professional advice to ensure full compliance. Read More
How Payday Super Could Affect Employers and Employees
A significant shift is coming to the way superannuation is paid in Australia. Under the proposed “Payday Super” reforms from the federal Labor government, employers will be required to make superannuation contributions within seven calendar days of each payday, starting 1 July 2026. This change aims to address chronic issues with unpaid super and improve retirement outcomes for millions of Australians.
Why Tax Planning is important for your business
For many business owners, the focus naturally leans toward boosting profits. While that’s crucial, managing your tax liability is just as important—because every dollar you pay in tax directly affects your cash flow. The challenge? Australia’s tax laws are increasingly complex, and navigating them often requires expert advice.
Tax planning shouldn’t be an afterthought or a once-a-year checklist item. It should be a proactive, ongoing process that takes into account legislative changes, your business structure and financial goals, and the broader strategy driving your growth.
Resources
Welcome to Camden Professionals
SFC Client Form
SFC – Business Owners
