The constantly changing business landscape can make establishing and maintaining a business challenging and stressful at the best of times. This is why AWT Accountants provide business advice and services intended to assist and guide you in making the best decisions possible for your business – currently and into the future. Whether you need help balancing your books, or just need a friendly face to discuss you business accounts with, AWT Accountants are here to help.
Our Business Advice Services
Advice on and implementation of tax effective structures for asset protection and tax minimisation.
Bookeeping (Xero, MYOB)
Assist with setting up of a recording system appropriate to your business and for complying with statutory requirements. Read More
Company Secretarial Services
Assist with managing clients’ Company and Trust statutory obligations.
Assist clients to focus on growing their business in the most efficient manner.
Review current situations and advice on the future.
Analysis of Financials
Provide clients with information which will allow them to make smarter business decisions.
What our clients are saying…
Friendly and professional
Fantastic, friendly, highly professional. Even though I’ve moved to Melbourne, they are still my trusted accountants. Audrey and Vikki provide excellent customised service – and I would recommend them to anyone!
Going over and beyond
More than just professional, Audrey Tooze of AWT Accountants provides a service that goes over and beyond what anyone would expect from their accountant. She genuinely cares about her clients and goes to great lengths to look after them. I couldn’t recommend AWT and its principal, Audrey Tooze more highly.
Awesome team at AWT Accountants!! Thank you very much Audrey and her team, especially Dena, who took us on in an emergency situation and sorted out all our personal and small business issues. Dena was always available and kept us in the loop with updates and emails, and finalised everything in a very short time. We are very grateful, thank you!
- Assist in the decision of the most suitable structure for your business
- Prepare business plans, cash flow projections, budgets and trading forecasts
- Work with your solicitor to draft appropriate business agreements
- Work with your bank to set up the appropriate bank accounts
- Complete registration procedures with ASIC
- Prepare and lodge TFN and ABN registrations
- Business and Trade Name Registrations
Bookeeping (Xero, MYOB)
The main three accounting software packages available for small to medium size businesses are Xero, MYOB and Reckon/ QuickBooks. We are Xero certified accountants and are members of both MYOB and Reckon/QuickBooks “Professional Partners” programs.
Xero is an online software package, which basically means that it is accessed via the internet. Xero offers the following benefits:
- See your cash flow in real time
- Automatically import and code your bank transactions
- Create and send invoices automatically and get paid online
- A wide range of powerful add-ons are available to further enhance your software, if required.
Xero is powerful software and offers a number of extra features that are currently not been offered by MYOB and Reckon.
Xero is aware that the public are concerned about online security and have therefore developed a system which utilises the same security that banks use.
Xero is charged on a monthly subscription basis instead of an upfront fee for a product licence.
Company Secretarial Services
- Statutory Registers maintenance
- Directors/shareholders changes
- Preparation of resolutions, notices, minutes, letters and declarations
- Providing a Registered Office for the company for servicing of legal documents and ASIC correspondence
- Lodgement of forms with ASIC for compliance purposes
One fee is directly from ASIC. This is the annual review fee that keeps the company registered with ASIC. The second annual fee is charged by AWT Accountants to cover our services for acting as the registered agent for your entity.
As long as you wish to keep the company name, you must pay the annual ASIC registration fees to ensure that the company remains registered and valid. As such, you may resume trading or using the company again in the future if you choose.
If you are sure that you no longer require the company then you may opt to voluntarily deregister the company. Once deregistration is finalised, you will no longer be charged the annual fees or have any responsibility to maintain details with ASIC for this entity.
It is not. A company is a registered Australian private company with ASIC and requires certain criteria to be met in order to maintain its validity and registration. No one can register the same name and cannot trade directly under the company name.
A business name is also registered with ASIC and can be held by anyone with an ABN, i.e. an individual, a trust, a company or a partnership, and the business name allows that ABN holder to trade as the business name. For example, Debbie Bingham (ABN holder) trading as “Debbie’s Cards & Stamps” (the business name) or Bingham Pty Ltd (ASIC registered company) trading as “Debbie B” (trading name).
An ABN holder can hold multiple business names.
As the annual review date and due date for payment of the annual fee approaches, you may apply to deregister and therefore forfeit the annual fee if the deregistration application is submitted to ASIC prior to a minimum of 2 weeks before the due payment date.
Date of annual review: 5 July 2020
Due date for payment: 5 September 2020
Absolute final date deregistration application can be submitted: 21 August 2020
Call us today to set a time to discuss your taxation, business or SMSF needs
We offer new business and SMSF clients a complimentary 30-minute meeting to discuss your situation and how to best organise your business and tax accounting affairs.