As a small business owner, there might be a few reasons you started your own company. You may have wanted to do something you’re passionate about, have control of your future, or be your own boss. But it’s likely that balancing the books wasn’t high on the list of what you wanted to do. Here are some of the things that your Accountant can help you with.
ATO Payments
We all know that completing our quarterly BAS can be a real hassle, especially when you have staff. But many small businesses don’t really understand or know how to manage their dealings with the ATO. They also don’t have good visibility of their accounts. This will often put a strain on the business which may have disastrous results.
Balancing the books with Accounting Software
Too many small businesses are frustrated with the Accounting software they use. Small business accounting software has been unintuitive and difficult to use for years. Business owners often find themselves chained to an old desktop in the backroom labouring over the finances. With a system like that, it becomes obvious why people don’t have good visibility of their accounts.
Payroll and taxes
Paying your staff is one of the most important things in your business. Your staff needs to be paid correctly and the ever-changing tax rules are becoming even more complicated to deal with. For example, the new Single Touch Payroll system is in place and has to be adhered to.
Running your business
Having passion for your business is great but when it comes to the Accounting side of things many small businesses will avoid it. But you don’t have to. By using Great Accounting’s small business solutions, you will have all of the necessary things put in place. Things like Payroll, Balancing your books and the ever-important dealings with the ATO. And the best part is that you don’t even need to leave your office. Being a “technology-ready” Accounting firm everything we do is online.
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