Compliance is to make sure that your business is running ethically and legally under prescribed rules. To ensure your financial reporting is accurate, you need to have clear processes and step by step procedure for recording and verifying revenues, expenses, assets and liabilities, single touch payroll, superannuation, WorkCover, business name registrations, GST, PAYGW, Safe Work SA and taxable payments annual reports. Our professionals will guide you through to keep your business on track with these rules ensuring you are up to date will all relevant compliance issues.

If you are a business registered for Goods and Services Tax (GST) you need to lodge a business activity statement (BAS). BAS is a tax reporting requirement for businesses on either monthly or quarterly basis. Business Activity Statement can be very daunting for a lot of Business owners, but never fear, our experts are here to provide your business with quality BAS services to help you stay confident that your statements are correct and on time.

Pointons Chartered Accountants offer many services to suit the needs of all businesses. From GST audits and lodgements only, for clients who wish to take care of their bookkeeping themselves, to full range of bookkeeping services, including monthly or quarterly management reports to keep you informed so you can reach your business goals.

You need to register a business name if you conduct business under a name other than your own. To register a business name, you will need to have an ABN or be in the process of applying for one with the Australian Business register (ABR). Our team can help with the application process along with on going support to ensure that your business name remains registered.

Often companies such as Registry will send letters to business name owners with the return address “Law Courts VIC” causing them to believe that the notice is legitimate, important and needs immediate attention. These companies then charge you for renewing your business name registration with the cost being well over double the actual price.

Here at Pointons our processes of business name registration includes opting out of these services, ensuring all ASIC correspondence goes through our office to avoid you being caught up in such scams.

Running a small business can be overwhelming and requires a variety of skills. Don’t be afraid to get help when you need it. Accounting for small businesses is done by keeping a complete record of all the income and expenses and accurately extracting financial information from business transactions.

Superannuation Guarantee compliance is one of the vital components of business reporting due to the extensive penalties incurred for failure to lodge and pay on time. Missed payments will incur administration fees and superannuation guarantee surcharges. Late payments, administration fees and superannuation guarantee surcharges are non-tax deductable which will make significant changes to your tax payable. Pointons Chartered Accountants specialise in making sure superannuation obligations are taken care of for you to avoid any unwanted surprises at the end of the financial year.

Australian business number (ABN) is a unique 11 digit number that identifies your business to the government and community.

You can use an ABN to:

• Identify your business to others when ordering and invoicing
• Avoid pay as you go (PAYG) tax on payments you get
• Claim goods and services tax (GST) credits
• Claim energy grants credits
• Get an Australian domain name

Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia. You need to have an ABN to register GST, as the ABN is part of the GST system.

As we are a registered Tax agent, we provide a wide range of services which includes applying for your ABN, backdating the ABN, registering for GST. If your business is liable for GST you must register within 21 days of meeting the eligibility requirements.