Business Accounting Packages
Why Accounting Packages?
The standard method of billing Accounting Packages in professional services has traditionally had an emphasis on providing services in exchange for an hourly rate. We came to the realisation that this method is an archaic method of pricing. It is also a conflict of interest because what it means is (as an industry) we are directly rewarded for how inefficient we are. The longer we take to do the job the more we get. Hourly billing does not promote an emphasis on customer service or an incentive to complete jobs quickly.
The biggest issue with hourly billing you have no idea how much the job will be until the bill is received. We don’t think that is fair on you. As a courtesy to you, we think you deserve to know in advance how much the job will cost and what it entails. As a modern & progressive firm we have moved the majority of our engagements to a fixed price agreement model. What does this mean for you?
- You will always know how much you will pay for services in advance, and will always have the opportunity to discuss the agreement before we get started on any work. If new work is required outside of the scope of our existing agreement we will issue a written proposal for you to accept (or discuss) before we commence new services.
- It places the risk back on us, the practice. You don’t have to worry about paying for more hours than you thought it would take. We have to focus on being more efficient to ensure our relationship is mutually profitable. This means we can leverage the best in breed technology to constantly improve the quality of the services we deliver to you.
- It opens the lines of communication. You don’t have to be afraid to contact us with questions and be worried about receiving a bill for your time. All of our fixed price agreements include support and regularly scheduled review sessions. In fact, we encourage constant communication between our clients and our staff. Becoming your trusted advisor is our mission and open communication is the key.
Essentials Package
For smaller businesses this package includes all your essential annual lodgement responsibilities as well as access to our email advice line where are devoted to providing the best advice, when you most need it.
What’s included:
- Annual GST Reconciliation
- Preparation of Annual Tax Return
- Preparation of Annual Financial Statements
- Company Administration
- Access to our email advice line
Standard Package
Our standard Accounting package allows us to get familiar with your business. We will analyse and review your financial accounts to get a better understanding of where we can support you. Our goal is to assist you through your financials to ensure the ultimate outcome.
The Standard Accounting Package includes:
- Preparation of Income Tax Returns and Tax planning
- Review and analysis of your financial accounts.
- Annual Payroll Reconciliation
- Review and assist in preparation and lodgement of your BAS/GST, PAYGW and PAYGI obligations to the ATO as necessary.
- Preparation of your FBT Return and any FBT Declarations if required
- ASIC Management and solvency resolution
- Finalisation and compilation of all documents as required for your signature and for lodgement with the Australian Taxation Office where required.
- Access to our email advice line