- Tax planning, compliance and the preparation of tax returns for individuals, partnerships, trusts, companies and SMSFs
- Comprehensive management accounting and general bookkeeping functions
- Business structuring, improvement, growth, acquisition, and exit strategies
The three services streams are:
- Accounting and Tax Services
- Management Accounting & Bookkeeping
- Business Services
Accounting and Tax Services
AustAsia’s team of tax accountants prepare tax returns, and associated mid- and end-of-year financial statements for:
- Individuals
- Sole traders
- Trusts, such as family trusts, unit trusts, and service trusts
- Companies – ranging from small Pty Ltds, to large public organisations, and
- Self-managed superannuation funds
Where required, AustAsia’s accounting team will liaise with third parties and regulatory bodies to ensure our clients’ regulatory and legal compliance in their tax and financial matters. Such stakeholders include:
- Banks and other financial institutions
- Auditors, and
- Regulatory bodies, including the Australian Taxation Office (ATO), and Australian Securities and Investments Commission (ASIC), and Australian Charities and Not-for-profits Commission (ACNC)
AustAsia’s tax team are adept at tax planning strategies, aimed at optimising our clients’ tax positions ahead of end of year close, and capital gains and losses, relating to the disposal of assets, financial instruments, and business sales and expansions.
Management Accounting and Bookkeeping Services
From one-person, sole trader contractors, through to complex, retail and industrial-sector organisations, the services provided by our team range from checking and lodging quarterly Business Activity Statements (BAS), through to the complete finance and accounting “back-office” function, providing the complete solution for:
- Bank account management and reconciliations
- Creditor and debtor management
- Payroll and salary sacrifice management
- Management reporting, and
- “Virtual CFO” services
AustAsia Accounting Services is a recognised Partner Firm for Xero and MYOB accounting software services. The team also works with a variety of other accounting systems including Quicken, Agrimaster, and Reckon, to name a few.
Furthermore, we work with and incorporate third-party provider software, to make our clients’ lives easier, and complete our own work with a higher degree of efficiency. These other software platform include
- ReceiptBankReceipt Bank is the essential digital accounting platform to fetch all paperwork to one place and get your client’s business financially fit. Never miss an invoice or receipt, by connecting to thousands of suppliers, PayPal, and email to pull all the data you need into a single digital dashboard.
- Hubdoc
- Castaway
- Futrli
Business Services
Beyond our traditional accounting and tax services, AustAsia Accounting Services provides a broad range of business and commercial advice on matters including
- Business start-ups
- Business Plans
- Company structuring
- Family Business and Succession Planning
- Financial Modelling
- Business Operations Reviews and Performance Improvement
- Strategic Planning and Business Growth
- Benchmarking
- Finance Applications and Compliance
- Accounting software systems evaluation and implementation, from “new starts”, to transition and migrations from legacy systems to new accounting platforms
AustAsia’s Business Services advice offers so much more than just an end of year tax return. We strive to know and understand our clients and to provide tailored advice and solutions that meet their individual needs.