The accounting needs of businesses can vary from end of year accounts to enable preparation of taxation returns, to annual statutory accounts for larger businesses, or monthly or quarterly management accounts tailored to satisfy the information needs of the business.
We will discuss your requirements with you and provide you with tailored information and constructive advice on a regular basis.
Do you want to spend your time in administration, record keeping and processing and attending to compliance issues, or would you prefer to spend your time in running your business and generating income?
Our bookkeeping services ensure that all your GST and Business Activity Statement compliance and payment obligations can be attended to in a timely manner. By using our bookkeeping service we are able to give you timely feedback about your business performance and then have that same information ready for preparation of financial statements and income tax returns.
We can process from source documents such as invoices and receipts using a system suitable for your business activity and information requirements.
As every business has different bookkeeping requirement, we use various software programs and add ons including MYOB, Xero, Quickbooks, Keypay, and Banklink, depending on their needs. With the introduction of Single Touch Payroll for payroll it has been come essential business to be on top of their bookkeeping.
We can help you navigate the maze of all the paperwork required to comply with your obligations for workers compensation insurance, employee superannuation, and payroll.
We provide a secure web-based portfolio administration service, which allows our clients to view details of their Investment Portfolio including the ability to check on performance, price, transactions, and portfolio statistical information.
This service provides daily updating of price information of all ASX listed shares and managed funds, with transactional data such as purchases, sales and distributions mostly provided by automatic data feed from stockbrokers or fund managers.
Some of the benefits of using this service include;
Efficient monitoring of actual portfolio performance against targets;
Maintenance of capital gains details enables accurate information for decision making;
Significant time savings for our clients.
Taxation Planning and Advice
At Excel Financial Advisors we encourage our clients to talk to us before a major event such as a business or property purchase or the sale of a large shareholding so the transaction can be structured or timed in the most tax advantageous manner.
We provide a complete service of taxation advice in all of the following areas:
Work-related deductions for employees
Capital Gains Tax on sale of assets
Small-business tax planning
Tax effective trust structures for asset protection and tax minimisation