We cross the Ts, dot the Is, proofread and triple check so that you’re fully covered.
Compliance covers a raft of legal requirements that business owners must ensure correct protocol on, or face legal redress. The majority of compliance requirements fall to the financial administration of your business, and it’s smart to have experts handle it for you.
The key compliance areas include payroll and super, staff entitlements, workers compensation, insurances and of course transparent and accurate accounting for the ATO auditors, should they ever ask to see it. But wait, there’s worse to come! Some compliance laws now mean that Managers are personally responsible, leaving them open to private law suits.
It is difficult for business owners to keep up with changes in legislation and reporting requirements, yet it is almost always the business owner who pays for any breaches.
Let The Accounting Department take care of all the paperwork for you. The diverse areas of expertise and levels of experience of our team members
leave us well placed to review your employment contracts to make sure you are meeting the minimum requirements.
Superannuation payments is one area full of pitfalls. If you don’t meet the payment deadlines, then the payment is not tax deductible for you, and this can be absolutely crippling. Furthermore, there are enforced fines and penalties that apply to directors for errors in superannuation.
When it comes to your tax obligations, we ensure you never miss a deadline. As registered BAS agents, we will conduct a detailed reconciliation and review prior to lodging your BAS returns.
While we are not tax accountants, we collate and compile the fully reconciled and complete data your tax accountants need in order to complete your returns. Your tax accountant will love you for organising that and you will love us for reducing their fee to you!