Case Study – Carpentry Business –Company Pty Ltd
We began by lodging all overdue tax and BAS returns. We took over the bookkeeping and processing of his wages and super. His tax liabilities are now paid on time and in full.
Carlos does different sized jobs and needs to be able to manage costs for labour and other job costs. We provide him with quarterly management reports, which show how his business has improved, where his money is going, what payments to him are still owing, which ones are overdue and the average collection period. This helps him manage his cash flow.
The Stability & Strength package allows him to stay in control of his expenditure so he can expand his business knowing the money will be there to pay his costs.
Our Stability & Strength Package includes:
Software set up support (Xero, MYOB or QuickBooks Online)
Quarterly business activity statements (BAS)
Quarterly income and tax liability forecasting
Quarterly tailored management reports –Tracking Categories
Annual financial statements
Income tax returns (for business and owners)
Annual subcontractor if applicable
Annual business review meeting and annual budget set up
ASIC management (Australian Securities and Investment Commission)
Unlimited short phone queries and email support
At Y&S Accounting, we understand that each business is unique. We take the time to get to know you and your business and will customise an accounting package for whatever stage of development your business is in.