Our Services
 
 
 

Taxation Services

The range of taxation services we offer include:

  • Income Tax - Individuals, Partnerships, Trusts, Comopanies and Superannuation Funds.
  • Goods and Services Tax (GST)
  • Business activity statements - BAS, IAS and PAYG
  • Fringe Benefits Tax (FBT)
  • Payroll Tax
  • Work Cover Levy
  • R&D Tax Concession
  • Business Start up Tax Advice
  • Capital Gains Tax (CGT)
  • Small Business Tax Concessions
  • Managing and Preparing for Taxation Audit
  • Business Restructuring
  • Tax Planning

Book Keeping Services

TBAAS offers a complete range of bookkeeping services to sole traders and other small businesses, which include:

  • Recording & processing of all financial transactions
  • Payroll/wages services including yearly payment summary for the employees
  • Accounts payable management
  • Accounts receivable management
  • General Financial ledger
  • Trial balance
  • Financial reports

We offer to collect and return service of your documents or you can fax, email or post documents to our office in Melbourne.

We also help you manage your business by producing monthly profit & loss reports, balance sheet and cashflow statement.

Business set up, structuring, legal and regulatory documentations

We help you in setting up your business right from the scrap and  structure it  in order to ensure the maximum tax and financial benefits for the business owners and stakeholders. Depending on the circumstances, the structure may be sole trader, partnership, joint venture, Trust, Proprietary Limited Company or Public Limited Company.

Once the structures are finalized, we can help you to register your business with relevant authorities, including business name registration, company registration, ABN, TFN, GST, FBT and PRT registration, Trust deed, etc. and provide all necessary ongoing supports to ensure employer’s compliance and legal and regulatory obligations are met and maintained.

Development of Business plans and strategies

TBAAS offers professional services in developing business plans incorporating short, medium and long term strategies to ensure growth and sustainability. These include structuring the operational set up, designing marketing and financial management systems and processes, MIS, and defining strategic pathways to maximize the return on equity. The businesses that TBAAS has the professional expertise are in the areas of micro-finance, social business, products marketing, retail and manufacturing.  We also help in identification and elimination of non-value adding activities/processes and introduction of value adding   systems and processes to your business.

Financial & reporting systems set up with most appropriate accounting software

TBAAS provides efficient financial management system using the most appropriate Accounting Packages and Software for book keeping, routine financial reporting, payroll compliance and BAS preparation.

Budgeting and cash flow preparation

As part of the ongoing business planning documentation, every single business needs to prepare annual budgets and cash flow projections. These are the two key documents essential for financial control and business growth. We help our clients in preparing annual and quarterly budgets and cash flow projection.

Financial reporting in compliance with accounting standards, corporations and taxation law

We help small to medium businesses prepare Business Performance Reports, Key Performance Indicators, Cash Flow Analysis and all other statutory and non-statutory financial reports in compliance with accounting standards and corporation & taxation legislations.

Feasibility for New Projects and Businesses

TBAAS offers services in preparing complete feasibility reports including financial, marketing, production, technical and management for new and existing businesses. The financial section includes projected income statements and balance sheets, projected cash flow analyses, working capital requirements, internal rate of returns, payback periods, break even analyses supported by detailed matrixes of assumptions and verifiable data. These are the key documentation demanded by all stakeholders including investors and capital provider/banks.

MANAGEMENT CONSULTING SERVICES

We offer a wide range of management consultancy Services to deliver growth and added value to the business, including the following:

  • Business and Strategic Planning
  • Growth and Profit Strategies
  • Systems re-engineering for efficiency improvements
  • Projections for new projects
  • Export Market Development Grant
  • Salary Packaging
  • Asset Protection
  • Management Reporting
  • Financial Analysis
  • Costing & Pricing Strategies
  • Benchmarking and KPI’s
  • Designing and Management of Microfinance operations