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Business Services

Being successful in business, especially these days, is about much more than just luck or being in the right place at the right time. 

Yes, you do need discipline — that’s a given. But one thing that is sometimes underestimated is the value that others can bring to your business. The value of trusted partners and advisers, those people who can help you deal with a whole range of business challenges. Bringing them in so they can share their knowledge and expertise with you helps remove some of that stress, takes some of that load off your shoulders. Which allows you to focus on what you do best — running the business.

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WHAT ARE BUSINESS SERVICES?

Johnston Grocke Accountants and Business Advisers specialise in assistance to small & medium businesses, who require a personal & independent service.

In particular, we offer the following:

  • Local knowledge

  • Arms length confidentiality

  • Individually tailored business plans

  • Direct access to partners at your office or ours; your choice

  • No corporate overheads associated with large firms

We also provide expert service and advice to individuals requiring taxation and personal accounting advice.

BUSINESS SERVICES WE OFFER

Accountancy & Taxation

  • Problem Solving Advice

  • Business Future Planning Achievement

  • Management Consulting Solutions

  • Book-Keeping Service

  • Asset Protection

  • Estate Planning

  • Self Managed Super Fund Administration

Computerisation Including

  • Customised Spreadsheet Modelling

  • Accounting & Book-keeping Packages

  • Management Tools

  • Cash Flow Management

  • Program Installation & Support

When do I need Business Services?

  • Why Do I Need an Accountant?

  • Do I Personally Need an Accountant?

  • Choosing a chartered accountant to help with a business

  • Complying with the law

  • Keeping informed

  • Planning for profit

  • Raising finance

  • Managing growth

  • Buying, selling or merging

  • Minimising business tax

  • Agreeing tax liabilities

  • How a Chartered Accountant can help

Business Tax Advice

The dates chosen for starting or ending a business and for its accounting year end can make an important difference to the tax position and cash flow. 

Similarly, the timing of important transactions or purchases of capital equipment can have a significant effect.
It pays to consult a Chartered Accountant before committing yourself to a decision on timing, since you may be able to save tax or delay the payment of tax. Most expenses of running a business are tax deductible but there are exceptions.

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A Chartered Accountant can help to ensure that all legally available tax allowances have been claimed and also to achieve maximum benefit from the timing of capital allowance claims. The tax implications should always be considered when investing in new equipment, buying a new car or undertaking any other major expenditure.

Depending on circumstances, the best approach might be outright purchase, loan finance, hire purchase or leasing contract.

Dividing a company's operations into subsidiary companies or branches may provide tax advantages, as may the formation of a company by a sole trader whose business is expanding rapidly.

Trading or setting up overseas brings its own problems which can sometimes be extremely complex. To assess the tax advantages and disadvantages of overseas operations, you need to get expert advice.

Agreeing Tax Liabilities

Filling in tax forms can be complicated. Whatever the tax assessment involved - income tax or GST etc, a Chartered Accountant can help to collate the necessary information and prepare the return on your behalf.

Where there is a dispute over a tax liability, a Chartered Accountant can handle the negotiations with the ATO on your behalf, even to the extent of appealing if necessary.

Some businesses have trouble sorting out transactions which are GST able and those which are exempt or zero-rated. A Chartered Accountant can help you to understand the rules governing GST and also advise on the type of invoicing and bookkeeping required for Customs & Excise purposes.

A tax liability may depend on the taxable value of a benefit received or an asset transferred. In such cases, the professional opinion of a Chartered Accountant can help you to agree a value with the tax authorities.

If too much tax has been paid in the past, it may be reclaimed in certain circumstances.

A Chartered Accountant can help you to understand income tax rules and make sure you are fully aware of the implementation timetable.

Choosing a Chartered Accountant to help with personal or family finances

A Chartered Accountant can help you make important tax savings and plan for the future.

It is a good idea to consult a Chartered Accountant when you make key financial decisions.

Unless your affairs are very complicated, you will probably need to consult one of the 'general practitioners' of the chartered accountancy profession.

They are expert at dealing with personal and family finances and you can find them on your high street or even working from offices at home.

Remember to check for the title 'Chartered Accountant' when looking for help with your personal or family finances. Anyone can call themselves an 'accountant', even if they have no qualifications.

 

Business Advisory

A chartered accountant can help you start up a business and run it with confidence.

It is a good idea to consult a Chartered Accountant before you set up a business. A Chartered Accountant can ensure that you make the best decisions right from the start.
Chartered Accountants can examine your business ideas and evaluate profit potential. They can also help you to manage growth successfully and minimise business tax.

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Chartered Accountants working independently offer help and advice to businesses. Many Chartered Accountants are also employed within businesses of every size. Their training and business expertise make them valuable assets.

Always remember to check for the title 'Chartered Accountant' when looking for help with your business. Anyone can call themselves an 'accountant', even if they have no qualifications.

How a chartered accountant can help

Find out more about the type of help a chartered accountant can offer.

  • Setting up in business

  • Speak to a Chartered Accountant before you start your business - they can help you make the right decisions right from the start.

  • How are you going to set up your business - as a sole trader, a partnership, or a limited company?

  • You will need to consider many issues such as tax implications, personal liability, capital, etc. A chartered accountant will know the pros and cons of each of these and will be able to advise you on what will work best for you.

Insurance Advice

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When Do I Need an Accountant? 

As a start-up business you may have thought you weren't big enough to warrant the use of an accountant. 

If you've come this far without one, that decision has perhaps been justified. But now you're up and running, the likelihood is you'll need professional advice sooner rather than later. You may be inclined to wait for that time to arise, but there are plenty of reasons why it makes sense to talk to an accountant straight away. Today's accountants aren't simply figures people. An accountant can provide your business with not only bookkeeping and financial services but also a wider overall package of business advice and consultancy.

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A good accountant will offer take care of your accounts but also offer advice on how to free up cashflow, make savings and raise capital for expansion. They'll know tax laws and legislation inside out and will be able to suggest ways that you operate more efficiently and tax savvy. Regardless of how good you think you are with figures, an accountant will find new ways to save money.

Just as important as saving you money, employing the services of an accountant will save you time. Administrating accounts is a laborious and time-consuming process and the bane of most start-up entrepreneurs' lives. But those entrepreneurs that go on to establish and grow their businesses will, invariably, bring in accountants to relieve the burden.

The reason for this is not the development of extra finances - although this helps - it's because it frees them up to spend their time to do what they're good at: running their business.

Working with an accountant might at first seem like an extravagance but it makes perfect business sense if it allows you to spend more time chasing new customers, exploring new avenues or training staff.

Accountants needn't be that expensive anyway. It's unlikely you'll need to employ one full time. Instead you can pay a flat fee for regular consultancy or pay-as-you-go. Most accountancy firms offer a range of packages for businesses of differing sizes and stages.

The rest of this section will help you find an accountant to suit your business and offer advice on how to get the most from them.

 

Complying With The Law

There are many different records that have to be kept by a business - GST, PAYGWH, accounting records of sales and purchases

If your records are inadequate in any of these areas, you could fall foul of the law. All businesses have to submit accounts to the ATO. All companies have to file annual returns with the  ASIC. Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. 

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Contact Johnston Grocke

©2017 Johnston Grocke - Accountants & Financial Planners - Mortgage & Finance Services | Disclaimer | Site by  JABA Multimedia Design - Adelaide Web Design - Developer © 2014 Johnston Grocke
Accountants & Financial Planners - Mortgage & Finance Services
IMPORTANT NOTICE

On this entire website, information is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. Because of this, we recommend you consider, with or without the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances.

No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of information sourced from third parties. Because of this, we recommend you consider, with or without the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances.

Anthony Klatt, John Grocke and Mathew Wilkshire are authorised representatives of Paragem Pty Ltd. Paragem Pty Ltd ABN 16 108 571 875, is the holder of Australian Financial Services License number 297276 and these authorised representatives trade as Johnston Grocke.

AG Finance Group is a Corporate Credit Representative (396686) of BLSSA Pty Ltd, ACN 117 651 760 (Australian Credit License Number 391237).