Accounting and Payroll in Australia
Australia related forum posts
Hi,we have an e-commerce company www.embroiderymaterial.com in India which is specialise in dealing with embroidery, beading and jewellery making supplies. Now, we want to set up the same e-commerce business in Australia.we are looking for someone who has the deep knowledge about the compliance, operational cost, recurring cost, Payment gateway, local tax, Courier partners etc of Australia.
Total Posts: 1 Last post by embroiderymaterial
Hi,I want to start a pharmaceutical, FMCG distribution in australia, can anyone guide me how to commence and get the opportunity to work in australia?
Total Posts: 1 Last post by tavseefs
Accounting in Australia
It is recommended, and probably in your best interest, to employ an accountant in Australia. They'll nearly always save money, and more importantly, will make your business the most financially efficient it can be. Used wisely, accountants in Australia can make you more profitable than ever.
Accountants in Australia provide a range of services. They can look after everything financial, from fundamental book-keeping to more expert advice. You could hire accountants in Australia simply to prepare financial statements for your tax return, or you may require them for other added-value services such as auditing. Accounts must be audited each year, unless the company or region you are based in is exempt.
It is essential to choose an appropriate accountant for your circumstances. If you just want an accountant to take care of your book-keeping, then a small firm will probably suffice. However, if you require astute financial and planning advice, a larger, more reputable company might be needed. Check they're chartered / registered with a recognised accounting body. It is important to lay out exactly what you want them to do for you and what the charges will be.
Keeping a sound financial record is essential. Apply yourself. Have a good system in place and then the time that you do spend on accounts won't be so burdensome. Ensure you retain receipts for everything you buy. It is recommended that you keep a ledger or book with the details of what the receipt is for. Keep a record of all sent and received invoices too. These will keep you informed that you've been paid or have money owing, etc.
Ultimately, applied and diligent record-keeping will keep your accountancy costs low.
Organisations that can assist with Accounting and Payroll
Do you need an accountant or tax advice in this country? Helping foreign companies with local tax regulations.
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