A Joseph and Co Small Businesses

Financial Planning and Wealth Creation.we do open SMSF planning, taxation planning insurance policies All type of tax returns Company/Trust/Charity /Compliance Audit Services Bookkeeping and BAS Services Internal Accounting, Workers Compensation, Payroll Tax & Other Compliance Services A small business accountant can do so much more than help you prepare your annual tax return. As well as taking care of tax and compliance, a good small business accountant can act as a strategic advisor. They will fill the role of financial business coach, improving your cash flow and setting you up for success. Take a quick look at just a few of the business-boosting services a quality small business accountant will provide outside of filing your taxes and doing your compliance: 1.Business set up and initial funding If you are just starting out, you will likely need some capital to get the ball rolling. A small business accountant can provide you with advice on applying for finance and help you with the application process by creating forecasts and calculating operating costs. As a new business, you should also be looking to establish good financial habits. These will help you stay in control of your money for the long term. Your accountant will help you put money management strategies in place which will point you in the right direction from the get-go. 2. Untangle your financial statements Profit & Loss, balance sheets, cash flow, outgoings, amounts owing… There are a lot of moving parts to take care of when it comes to the money side of your business. When you work with a small business accountant they can show you how to prepare and keep track of your financial statements, revealing clearly how much money is left after you have tallied up all your revenue streams and expenses. After simplifying your financial statements, your small business accountant will be able to break down where you could be optimising your revenue and how you can reduce your operating costs.