Fresh Numbers Accounting

I Think I May Have Paid Too Much Tax!

FNAdmin — Mon, 21 Dec 2009 05:36:15 +0000

What should I do if I think I have paid too much tax to the Australian Taxation Office?

There are lots of different taxes to watch out for and manage in Australia . But there are lots of legal opportunities to minimise your tax as well!

Fresh Numbers can review your past tax position to minimise your tax payments into the future. Fresh Numbers can complete your compliance obligations as well as use our skills and expertise to help your business into the future.

From time to time, we find that there may be a need to negotiate or deal with the Australian Taxation Office, to allow you smoother payment of BAS and PAYG. When this or any dealings with the State Revenue Office is necessary to protect the business, it can be completed easily by Fresh Numbers Tax Services Pty Ltd.

What Should I Do About Compliance And Red Tape?

FNAdmin — Mon, 21 Dec 2009 05:32:33 +0000

Do you feel like there is too much red tape and compliance issues in your small business?

We know. Compliance and bureaucracy in small businesses can mean that it is difficult and time-consuming to get your jobs done quickly. However, these issues need to be completed and managed so that you can get on with running your business and making money today.

Non-compliance with statutory obligations is the most common problem we see at Fresh Numbers. Companies and businesses are experiencing financial difficulty, and the underlying causes are largely undiscovered until the business is in crisis.

Our Business Tax & Accounts Program will provide you with processes tailored to minimize stress on cash flow. The program also includes meeting with a senior accountant to discuss any other issues that might arise.

Fresh Numbers will:

Make sure your accounts are completed and up to date
Make sure all your Business Activity Statements are completed and lodged (and negotiate with the ATO if necessary)
Develop a compliance program for you to use into the future so that you remain compliant

What Are The Key Accounting Issues For Small Businesses

FNAdmin — Mon, 21 Dec 2009 05:23:50 +0000

Key Issues For Small Businesses

Accurate information is essential for good decision making.

If it seems as though your accountant has slowed down as your business has increased in speed, then you need the speed-to-market services of Fresh Numbers. The specialised small business services we have developed allow us to complete the work and reports you need in the quickest possible time so that you can make accurate decisions for your small business.

Fresh Numbers will also help you develop strategies designed to increase the performance and efficiency of your business while reducing your risks and protecting your assets.

Why Are Accounting Reports So Important?

FNAdmin — Mon, 21 Dec 2009 05:20:09 +0000

Accounting Reports

Reports help you understand exactly what is happening in your business. Once you are reading them in the right way, you can even predict what will happen in your business!

Fresh Numbers believes that up to date accounting records that are completed accurately and reviewed for accuracy can be the most powerful tool any business can have.

This means you have fresh numbers at hand in the form of:

cash flow statements
profit and loss
variance reports
balance sheet impact reports

Together, these reports will help you create a dynamic business.

What Are Job Costings?

FNAdmin — Mon, 21 Dec 2009 05:17:36 +0000

Job Costings

COsting each job properly will help you to keep track of individual jobs and make sure you are not under-quoting. Fresh Numbers helps you to:

Make sure the right amount of labour is allocated to each job
Make sure the right amount of materials are allocated to each job

Fresh Numbers works your accounting system so these reports are fresh and up-to-date at any time.

What Are Accounts Payable?

FNAdmin — Mon, 21 Dec 2009 05:15:04 +0000

Accounts Payable

With an organised schedule for paying debts (Accounts Payable), you can make your cash flow work for you. Fresh Numbers can help you get your Accounts payable in order by:

Creating processes for the payment and recording of accounts
Helping you to understand the difference between fixed / variable costs and balance sheet payments

Fresh Numbers can help you use the creditors’ ledger and balance sheet costs to determine how much money should be coming into the business.

What are Accounts Receivable?

FNAdmin — Mon, 21 Dec 2009 05:12:14 +0000

Accounts Receivable

Accounts Receivable are the life-blood of a business. By keeping this record fresh, you will:

Get the best returns by keeping your invoicing up to date

Be able to secure credit control and debt collection

Fresh Numbers can tie labour costs, materials and other overheads to each of your clients so that each client or job can be analyzed.

Where can I see the financial position of my business?

FNAdmin — Mon, 21 Dec 2009 05:09:14 +0000

General Ledger

Use your General Ledger to see at a glance the financial position in your business.

If the reports generated from the general ledger are freshand up-to-date, they can tell you a lot about your business. Fresh Numbers can help develop variance analysis that will give you critical information on key financial issues in your business using:

Bank and credit card reconciliations
Profit and loss and balance sheet reports
Budget planning and updated fresh cash flows

Fresh Numbers shows you at anytime your fresh up to date records that tell you whether you are making money, and what position your business is in.

What is the biggest cost in business?

FNAdmin — Mon, 21 Dec 2009 05:06:12 +0000

Payroll

Payroll is probably your biggest cost, biggest problem. Payroll is the key to your success or failure.

Fresh Numbers not only processes payroll, we also create a system where the labour for each job, action or responsibility is costed to that account. Not only is the correct management of payroll with tax, superannuation and other costs processed, but we also develop a system to allocate the wages to each of the cost centres, so you will see the efficiencies of your staff in financial detail.

Fresh Numbers accountants can help you:

Maintain your employees earning records

Keep your payroll up to date

Maintain annual sick leave, long service leave and rostered days off

Plan the costs around the patrol, such as PAYG, superannuation, WorkCare and state taxes (payroll tax)

Complete those annual requirements such as PAYG and WorkCare returns, superannuation summaries etc

What accounting services does my small business really need?

cat — Thu, 17 Dec 2009 00:19:46 +0000

At a minimum, your business needs an efficient, easy-to-use tracking system that will provide timely and relevant information to help control your cash, understand and improve the financial position of your business and monitor operating results. During your free initial consultation, we will discuss additional service options including customized solutions designed to meet the unique needs of your business