Think Outside the Box

Business Accounting

Building a business can be a time-consuming process. You've got clients or customers to chase, staff to manage and many more day-to-day aspects that keep you busy. We provide you with the support you need to manage your accounts, taxes and bookkeeping effectively, giving you more time to attend to other business matters.

We offer a wide range of services for businesses to assist with their accounting and taxation requirements. From advice for startup and established businesses to the preparation of your end of year reports, our team are here to help you.

We provide a full range of Accounting Services to assist you in gaining an accurate picture of your business, to provide the basis for future planning and meeting your compliance obligations.

Services include:

• Statutory Accounts
• Periodic Management Accounts
• Budgets and Cashflows
• Special Purpose Management Reports
• ASIC requirements
• Payroll management
• WorkCover management
• Business Advisory

Let us help you to restore balance between your business life and your personal life.

Start getting the support you need and book a consultation with one of our team members today. Call us on (07) 3344 5211 or make an enquiry via email at darryl@sbsadvisory.com.au and one of our staff will get back to you as soon as possible.

Business Advisory & Development

Whilst we understand that numbers are an important element in running your business successfully, we firmly believe that understanding the motivations and aspirations of people and organisational activities are critical to achieving future success.

At SBS Advisory we offer business advisory services that are focused on improving business performance which increases profit and the value of your business and ultimately, your personal net worth.

Apart from all the regular services you’d expect from a specialist taxation accounting firm, SBS Advisory offer the following business advisory services:

• Strategic Planning
• Business Planning
• Strategic Financial Analysis
• Financial Health Assessments & Financial Modeling
• Development and Monitoring of KPI's
• Consultancy
• SWOT Analysis
• Business Valuations
• Business Start up Advice
• Assistance with Purchase
• Sale of Businesses
• Business and Personal Goal Setting
• Asset Protection Strategy Development
• Business Benchmarking
• Financial Restructuring Advice

Let us help you to regain control of your business rather than your business controlling you.

Start getting the support you need and book a consultation with one of our team members today. Call us on (07) 3344 5211 or make an enquiry via email at darryl@sbsadvisory.com.au and one of our staff will get back to you as soon as possible.

Business Finance

Choosing your business structure is an important decision and SBS Advisory can advise on the best structure for your business. There are four main business structures commonly used by small businesses in Australia. They are:

• Sole trader: An individual operating as the sole person legally responsible for all aspects of the business. Like other structures, as a sole trader you can employ people to help you run your business. The structure is inexpensive to set up because there are few legal and tax considerations but risk management may be an issue for you.
• Partnership: An association of people or entities running a business together, but not as a company. A partnership is relatively inexpensive to set up and operate, but again, there may be risk matters to consider.
• Company: A legal entity separate from its shareholders. It is a complex business structure with set up and administrative costs that are usually higher than for other business structures but provides better risk management and also a flat rate of income tax. It also provides for the introduction of other business owners.
• Trust: An entity that holds property or income for the benefit of others. Trusts require a formal trust deed that outlines how the trust operates, requires the trustee to undertake formal yearly administrative tasks and, if you operate your business as a trust, the trustee is legally responsible for its operations. A trustee of a trust can be a company which can provide some asset protection. There are a variety of types of trusts and it is important to consider the pros and cons of each as applied to your circumstances.

Gaining access to cost effective capital is critical to the future success and growth prospects of any business. Obtaining finance can often be a long and arduous process. In order to make this process as painless as possible we can assist you with:

• Finance Applications & Procurement
• Finance Negotiations
• Business Valuations
• Business Appraisals

Start getting the support you need and book a consultation with one of our team members today. Call us on (07) 3344 5211 or make an enquiry via email at darryl@sbsadvisory.com.au and one of our staff will get back to you as soon as possible.

Cloud Based Accounting

More small to medium-sized businesses are moving to cloud accounting and using cloud based applications for their bookkeeping and accounting needs through desktop and mobile apps. All businesses need to keep track of their accounts, and cloud accounting allows businesses to make invoicing and cashflow management decisions based on more up to date information. It also provides for other business efficiencies including payroll for off premises workers. The cloud revolution is propelled by fast, reliable internet, cheaper servers and widely-used open-standards for interchanging data and instructions between software. Moving to the cloud does not increase data risk if good password policies and back-up strategies are in place. Businesses should ensure staff understand modern security risks and complete training when moving to cloud accounting or using any service that provides remote access.

Contact us to discuss your circumstances so we can help determine the most appropriate solution for you based on functionality, ease of use and cost.

The main cloud accounting players in Australia are:

Reckon – Intuit (the global company) created QuickBooks software and Reckon (the Australian company) now continues to provide this cloud-based accounting software in a variety of formats including desktop, hosted and online cloud versions.

SAGE Business Cloud – Free yourself from admin with clever, easy-to-use accounting features, built around how you work. Sage is passionate about enabling accountants to use technology to transform the way they work. For easy payroll, invoicing, receipting, payments and GST reporting choose Sage Business Cloud Accounting and Payroll. Providing easy-to-use, online accounting and payroll tools designed to support small business and make running a small business a breeze.

SAGE Handisoft – More than 7,500 Australian accountants and taxation agents trust Sage HandiSoft's integrated practice management, client accounting and taxation software to efficiently produce high quality client work. With its central client database, Sage HandiSoft has proven reliability, ease-of-use and is highly effective for firms of all sizes. One-suite Solution: Easy to learn. Easy to maintain. Easy access to support.

Quickbooks Online – Provides a cloud based version of their previous product, QuickBooks.

MYOB – An Australian company originally offering desktop accounting software, now offers several subscription-based cloud accounting products, including both desktop and cloud versions of their product.

Xero – A New Zealand based software company that offers cloud-based accounting software for small to medium-sized businesses.

Start getting the support you need and book a consultation with one of our team members today. Call us on (07) 3344 5211 or make an enquiry via email at darryl@sbsadvisory.com.au and one of our staff will get back to you as soon as possible.

Corporate Secretarial Services

Apart from all the regular services you’d expect from a specialist taxation accounting firm SBS Advisory also offers a wide range of services to ensure your business remains compliant and up to date with regulatory requirements of:

ASIC (Australian Securities and Investment Commission)

• Set up of company structures
• Acting as Registered Office for your company
• Maintenance of Company Registers & ASIC Requirements
• Ensuring you meet your obligations as a director and/or company secretary
• Filing of Annual Returns and other forms eg. change in officers and/or shareholders details
• Assistance with meetings of Directors and Shareholders
• Business and Company searches

ACNC (Australian Charities and Not-For-Profit Commission)

• Reporting requirements

OFT (Office of Fair Trading)

• Set up of Incorporated Associations
• Reporting requirements

Start getting the support you need and book a consultation with one of our team members today. Call us on (07) 3344 5211 or make an enquiry via email at darryl@sbsadvisory.com.au and one of our staff will get back to you as soon as possible.

Tax Compliance

The introduction of the new tax system has had a significant impact on the compliance requirements for small businesses. We provide a broad range of tax compliance services so that you can focus on running your business.

Services include:

• Income Tax Returns
• Fringe Benefits Tax
• GST
• PAYG
• Capital Gains Tax
• Superannuation Guarantee
• Workcover
• Payroll Tax
• ABN, GST and TFN Registrations

Start getting the support you need and book a consultation with one of our team members today. Call us on (07) 3344 5211 or make an enquiry via email at darryl@sbsadvisory.com.au and one of our staff will get back to you as soon as possible.

Tax Planning

An integral aspect of our business philosophy is recognizing that tax minimization is a critical element in the wealth creation and preservation process. To this end, our tax consulting services are focused on legally minimizing the tax impost on your business and personal affairs.

When the time comes to deal with your own taxation and accounts, it can be stressful and hassling. Though through good preparation and planning, you can make tax time work for you and potentially reduce the impact of tax, while keeping up to date.

SBS Advisory is specialised in accounting and taxation — we aim to provide our clients with comprehensive tax planning advice and strategies, all at competitive prices.

Services include:

• Tax effective business structures
• Restructuring of Business and Family Groups
• GST Advice
• CGT Advice
• Taxation Audit Advice
• Salary Packaging
• Negative Gearing

Start getting the support you need and book a consultation with one of our team members today. Call us on (07) 3344 5211 or make an enquiry via email at darryl@sbsadvisory.com.au and one of our staff will get back to you as soon as possible.

General Calculators

Useful Links