Services
Tax
There are many forms of taxation in Australia. Individuals and companies in Australia may be required to pay taxes or charges to all levels of government: local, state, and federal governments. Taxes are collected to pay for public services and transfer payments (redistribution of economic wealth).
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Income taxes are the most significant form of taxation in Australia and collected by the federal government through the Australian Taxation Office. Australian GST revenue is collected by the Federal government, and then paid to the states under a distribution formula determined by the Commonwealth Grants Commission.
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Australia maintains a relatively low tax burden in comparison with other wealthy, developed nations, at 27.8% of GDP in 2018
Forms of taxes and excises, both Federal and State
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Personal income taxes
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Capital gains tax
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Corporate taxes
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Trustee liability taxes
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Goods and Services taxes
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Property taxes
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Departure tax
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Excise taxes
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Fuel taxes in Australia
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Luxury Car Tax
[From Wikipedia]
Trusts
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Payroll
A payroll is a company's list of its employees, but the term is commonly used to refer to:
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the total amount of money that a company pays to its employees
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a company's records of its employees' salaries and wages, bonuses, and withheld taxes
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the company's department that calculates funds and pays these.
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Payroll in the sense of "money paid to employees" plays a major role in a company for several reasons.
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From an accounting perspective, payroll is crucial because payroll and payroll taxes considerably affect the net income of most companies and because they are subject to laws and regulations (e.g. in the US, payroll is subject to federal, state, and local regulations).
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From a human resources viewpoint, the payroll department is critical because employees are sensitive to payroll errors and irregularities: Good employee morale requires payroll to be paid timely and accurately. The primary mission of the payroll department is to ensure that all employees are paid accurately and timely with the correct withholding's and deductions, and that the withholding's and deductions are remitted in a timely manner. This includes salary payments, tax withholding's, and deductions.
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[From Wikipedia]
Cash Management
Cash management refers to a broad area of finance involving the collection, handling, and usage of cash. It involves assessing market liquidity, cash flow, and investments.
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In banking, cash management, or treasury management, is a marketing term for certain services related to cash flow offered primarily to larger business customers. It may be used to describe all bank accounts (such as checking accounts) provided to businesses of a certain size, but it is more often used to describe specific services such as cash concentration, zero balance accounting, and clearing house facilities. Sometimes, private banking customers are given cash management services.
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Financial instruments involved in cash management include money market funds, treasury bills, and certificates of deposit.
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[From Wikipedia]
Bookkeeping
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Bookkeeping is the recording of financial transactions and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, such as the single-entry bookkeeping system and the double-entry bookkeeping system, but, while they may be thought of as "real" bookkeeping, any process that involves the recording of financial transactions is a bookkeeping process.
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Bookkeeping is usually performed by a bookkeeper. A bookkeeper (or book-keeper) is a person who records the day-to-day financial transactions of a business. They are usually responsible for writing the daybooks, which contain records of purchases, sales, receipts, and payments. The bookkeeper is responsible for ensuring that all transactions whether it is cash transaction or credit transaction are recorded in the correct daybook, supplier's ledger, customer ledger, and general ledger; an accountant can then create reports from the information concerning the financial transactions recorded by the bookkeeper.
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Bookkeeping refers mainly to the record-keeping aspects of accounting. Bookkeeping involves preparing source documents for all transactions, operations, and other events of the business.
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The bookkeeper brings the books to the trial balance stage: an accountant may prepare the income statement and balance sheet using the trial balance and ledgers prepared by the bookkeeper.
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[From Wikipedia]
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Fitness Taxation can offer very competitive rates for bookkeeping tasks.
Advisory
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