Incorporating Business Bookkeeping Geelong

Regain Control

Get your business under control

The business management and bookkeeping experience establishes a viable set of accounting records that reflects the actual position of business supplier and tax liabilities. A clear vision on the sales aspect of your business and an understanding of the complete picture of revenue, costs and profitability.

Sadly, some business owners suffer from poor or lack of good advice from certain professionals on the running of their business
This can lead to the business owner having a lack of knowledge of compliance deadlines and obligations
First step, establish contact with a reputable tax agent to help liaison with the ATO to clear up any outstanding BAS or income tax return lodgements
Conduct a complete review of the business owner’s business records to determine compliance obligations such as BAS lodgements, staff super payments and income tax return lodgements that haven’t been met
Liaison with the business owner to set priorities and objectives to navigate out of the compliance backlog
Work with the business owner to setup new procedures and practices to ensure future compliance obligations are met on time and liabilities are paid in full when they become due

If you and your business could benefit from my experiences as outlined, please call Roy Emmett at Business Management Geelong on 0425 721 939 for your free no obligation discussion on how I can assist your business with bookkeeping, back office and compliance obligations support.

Case Study
Paul Fowler

Paul owns a fleet of taxis and valet chauffeuring vehicles. His wife has her own successful career, and they have one child.

* We changed the client's name to protect their privacy, but this is a Real Case Study.

The Issues
The Outcome

Paul came to me as a referral being ten years behind in his annual business accounts with his tax agent accountant breathing down his neck for action.

The initial task was to establish what records Paul had that would be viable to help me construct ten years of accounts in a relative short period of time.

At the beginning, there was a lot of conversation on how best to proceed, but Paul simply had to sort his records into date order and hand them to me year by year for me to compile into a suitable format for his tax agent accountant.

The process was compounded by the fact that five years of accounts were required from the pre GST / BAS period and the later five years were the first five years of GST / BAS reporting.

By using the MYOB PC based software available at the time and my vast bookkeeping experience, I was able to proceed with the accounts processing and compiling of MYOB files for the ten years Paul’s tax agent accountant required. This bookkeeping process was achieved in a timely and logical manner as Paul grabbed the opportunity with both hands to get his records up to date as he could see I was getting the right results.

There were several meetings with Paul and his tax agent accountant to ensure the progress of the bookkeeping and accounts processing was on track and meeting the requirements for Paul’s ATO obligations.

After a few months of meetings, feedback discussions and following the requirements set out by Paul’s tax agent accountant, I was able to fulfil Paul’s bookkeeping brief and complete the compilation of ten years of business records.

Paul’s tax agent accountant was delighted with the outcome and was happy to proceed with getting Paul’s ATO obligations in order with the quality of the bookkeeping records provided by me.