3. Your BAS is filed on time and always correct
Many businesses with an annual turnover of $20 million or less report their Goods and Services Tax (GST) obligations quarterly and at the same time, file a Business Activity Statement (BAS).
These deadlines can come around quickly when you’re a busy business owner concentrating on winning new clients and delighting existing ones. Your ProAdvisor can make sure you never miss a BAS deadline.
“Intuit QuickBooks provides a number of review functions and reconciliation tools that allow both you and your advisor to check your data is correct. We catch any inadvertent duplications early, so your BAS is accurate and also filed on time,” Jimmy says.
4. Your staff are paid appropriately and your STP obligations are met
Paying staff can be a minefield without the back-up of top accounting software like Intuit QuickBooks. Expert accountants such as a ProAdvisor help you make the most of the system’s tools and features.
QuickBooks’ payroll powered by Employment Hero ensures you pay staff the correct award and any loadings. A ProAdvisor takes this one step further.
“We can make sure the wages you pay are compliant and that you have paid your staff the right awards and allowances, whether it’s a one-off payment or an ongoing bonus. We make sure everything is transparent for you, your employees and the ATO,” he adds.
5. Your ProAdvisor will become one of your most trusted business guides
Every business needs a variety of different experts to call on to help guide their journey. Your ProAdvisor will become a member of this inner circle very quickly.
“We are able to draw on our decades-long experience across a diverse range of industries and provide that knowledge and wisdom to each business owner’s unique situation. This helps them reach their milestones as their business progresses,” Jimmy explains.
“As a trusted advisor, we can also help newer businesses, whether they are bootstrapped or venture-backed, understand and apply for the incentives, grants and government subsidies that may be applicable to them. We can also help them set up their enterprise in the best structure for their immediate and future needs. We work at their pace and we understand the nature of our work and relationship with them will change over time. It’s a really fruitful relationship that delivers multiple advantages over the long term,” he adds.
It's simple to find the right ProAdvisor for your circumstances. Just use our online tool, enter your location and some of the skills you need. Then, connect with the accountants on the list, get to know them and find one that’s perfect for your needs and who can stand beside you as your business grows.
