Taxation and Accounting
As a business owner, your time should be spent on growing and managing your business not worrying about compliance issues. Australian taxation law is continually changing and more than ever, businesses require expertise from chartered accountants to keep up to date with legislative changes. Our business accountants will come to understand how your company works, in order to offer the best advice.
If you are looking to work with trusted local accountants, Lead Advisory Group is one of the leading providers of financial services in Bendigo.
We'll take care of compliance
Our team draws on an in-depth understanding of compliance requirements and knowledge of changing legislation to manage your compliance needs. Our tax consultants and chartered accountants offer advice based on proven strategies, taking a proactive approach that delivers consistent service and builds solid relationships.
Planning and development to grow your business
What sets us apart from other firms is what we can do to assist you with your plans and development of your future. Using our in-house systems and expertise we can monitor your accounting and taxation position all year round, and not just when preparing end of year financials. We'll also provide the best advice and strategies to grow your business.
Help with all of your business accounting needs
Need someone to handle your company accounts? We work with all the major software programs (including cloud based applications) and can provide an accounting check-up of many processes, whether it is accounts receivable, accounts payable, stock control, reconciliation of accounts, payroll or any other accounting aspect of your business.
We also offer accounting services for individuals
Lead Advisory Group also looks after the individual taxpayer, providing assistance with different strategies such as salary packaging, fringe benefits and wealth creation and management through our financial planning division. The chartered accountants in our firm are just as qualified to work with individuals as they are small business.
Our accounting and taxation services
ATO audits or disputes
With the ATO in full force collecting electronic data from everywhere, they are now selecting more taxpayers for review. At Lead Advisory Group we have the expertise to take the headache out of the process for the business owner. We will work with you through the entire process to ensure we get the best result for you.
Have you ever wondered how your business performs compared to your competitors? Are you spending enough on advertising? Paying too much rent? Are your staff costs too high? What's the average bottom line of your competitors? Survival in today's climate requires you to spend more time working on your business rather than in the business.
Bookkeeping and accounting
A modern business needs up to date, accurate financial information. We'll relieve you of the enormous burden of book work by taking care of all your bookkeeping and accounting needs, including the preparation of your annual accounts and periodic management accounts for tax, business appraisal and planning purposes.
We'll also provide tailored information and constructive advice on a regular basis.
A good budget is one of the best business tools we have, allowing us to set financial targets and measure our performance. Our financial projections will allow you to consider future scenarios and give you goals to strive for in your business. There are many types of budgets and we can help you design the right budget for your needs.
In addition to goal setting, budgets improve your chances of acquiring funding as financers require forecasts as a prerequisite for funding approval. Cashflow forecasting is a vital part of ensuring your business will always have the cash it needs, because profits don't pay bills - cash does.
Business start up
We'll turn your business idea into a reality. If you have a good idea for a new business but don't have expertise in legal or financial aspects, we can help you decide on the most suitable structure for your business - sole trader, partnership, or company and prepare a business plan, cash flow projections, budgets and trading forecasts.
We can also assess your finance requirements, advise on finance sources, and draw up the necessary proposals, as well as establish a good working relationship with your bank. Our team can complete registration procedures with ASIC, ATO or ABR, deal with company secretarial issues and create systems that comply with statutory requirements
Buying and selling a business
Are you looking to buy a business? Are you buying a business from somebody else or selling your existing life's work? More than likely this will be one of the biggest financial transactions that you will ever undertake.
It makes sense to invest time and money to ensure that you acquire an asset which lives up to your expectations, or to ensure that you can receive the full potential of what your business is worth. We've worked with many clients in similar situations, so we can help you make informed decisions.
Cash flow forecasting
Have you ever wondered if you are holding too much inventory? Is this the right time to expand your business? Are you going to have enough cash to pay all expenses every month? We can provide you with accurate, timely and informative cash flow forecasting reports, allowing you to realise and understand when cash is available.
This will help you plan and prepare for expansion, stock control, and taxes, and to analyse and anticipate key expenses to come. Armed with this information, we'll work with you to develop action strategies to improve your bottom line.
There's great comfort in knowing that you have every aspect of your finances under control and that you're utilising every opportunity to secure your financial future. Sound financial advice can deliver financial security, prosperity and your desired lifestyle, now and in your retirement.
Clear goals and a structured plan gives all our clients peace-of-mind. To get ahead and stay ahead you need to maximise earnings, minimise costs/taxes, leverage opportunities and protect your position. We will build and manage a blueprint of best-practice for your situation, so that your money will be working as hard as you are.
A wide range of financing options exist, all with their pros and cons. We know the financial market, and have the experience to assist you in securing the best financing option for your personal and business goals. Our experience in the market means we are also able to structure debt upon acquisition to maximise tax advantages.
We'll explore the best financing options to get your business closer to its goals.
The rules relating to FBT and GST payments change on a regular basis. At Lead Advisory Group, we keep up to date with the world of tax and are able to give accurate advice on the preparation of FBT and BAS returns. We can also advise on the FBT and GST consequences of proposals, allowing you to make fully informed decisions.
We'll assist with the administration of a cost-effective employee benefit plan. Additionally, we know GST legislation like the back of our hand. We can offer accurate, timely assistance with registration queries, preparation and lodgement of BAS returns, ATO audit assistance and specialist events involving GST eg sale or purchase of property.
Our aim is to ensure that your business achieves its potential. We have the know-how and experience to help you run your business more effectively and can be a sounding board for management, bringing years of experience in business growth. We'll identify key performance indicators, through which we'll help you achieve positive changes.
We are able to check that your business is as competitive, focused, and profitable as it can be. We then offer flexible strategies, designed to address the issues affecting your business. Let us give your business a health check, and take advantage of the practical advice we can offer to ensure the continual success of your venture.
Payroll errors and inefficiencies can impact on a number of areas within your business, from staff morale to financial stability. We'll make sure you meet all statutory deadlines, and comply with all relevant taxation and employment laws. Our fully managed payroll service will relieve you of the burden of bookkeeping and administration.
We'll help you make the right choice when it comes to accounting software. A good accounting system will help you keep track of cash flow and allow you to complete BAS returns easily, with reduced time spent on book work. Choosing the right system can be tough, so we've invested in on-going staff training to ensure we recommend the best accounting solution for your business - either cloud or desktop versions.
The pressures of daily business often means strategic planning takes a back seat - but to have a successful business you must plan ahead. We'll help you establish a strategic plan that looks at where you want your business to be in the next 3-5 years and exactly how you and your team can achieve these aims and objectives.
Your strategic plan will define the characteristics of your company in three to five years, identify your competitors, define your objectives and financial goals and put in place an effective implementation plan to achieve your goals.
At Lead Advisory Group, we offer a full range of taxation services to businesses and individuals in the Bendigo area, and our chartered accountants offer advice based on proven knowledge and experience. Our proactive approach ensures we deliver consistent service and build solid relationships which stand the test of time.
Taxation can be a major cost. We will work in partnership with you to minimise your tax and help you achieve your key objectives in the timely and efficient preparation and lodgement of income tax returns for all entity types, including personal tax returns, partnerships, self-managed superannuation funds, trusts and private companies.
We can also handle all of your GST/FBT obligations, offer advice on and implementation of tax effective trust structures for asset protection and tax minimisation and coordinate the management of any ATO audits or disputes.