Small Business Accountant Sunshine Coast
Specialist small business accounting advice
Bottom Line Control offers complete small business accounting services across the Sunshine Coast. We’ve helped hundreds of businesses to get started, grow and evolve, as well as assisting with the smooth transition to retirement or preparing to sell. Our team of experienced small business accountants are on hand to provide all the accounting and business services you need.
Speak to the small business tax specialists
Find out how our team can help your business manage tax better.Schedule an Appointment today
What is a small business?
There is no one answer to this question. Depending on what authority you are dealing with there are several different descriptions and key indicators for small businesses in Australia.
ASIC describes a small business or small proprietary company as a business that:
- has a yearly revenue of less than $25,000,000
- has fewer than 50 employees at the end of the financial year
- has consolidated gross assets of less than $12.5 million at the end of the financial year.
From a taxation perspective the ATO state that a small business is one which turns over less than $2 million (excluding GST) in revenue per annum.
Fair Work Australia characterizes a small business as one that has fewer than 15 employees and the Bureau of Statistics (ABS) use the definer of fewer than 20 employees.
Starting a small business
We can provide specialist business structure advice to ensure you get the right framework for your businesses needs. Our accountants will also guide you through everything from setting up a business bank account to preparing for your first tax return.
You may not think that setting up your accounting systems are a priority when you are first starting out but putting efficient and effective financial practices into place now will benefit your business enormously. Choosing the right accounting software, such as Xero, can save you time and money in the long term.
Helpful resources for starting a business:
Need help to boost your small business?
Some would say getting up and running is the easy bit, keeping your business going and prospering month after month is the real challenge. This is where our team can really help we can provide ongoing advice, tax planning, accounting services and more to ensure you’re making the most of your small business. Malcolm and the team have years of experience advising business owners on the best way to maximise returns while minimising expenses now and in the future.
We can help with managing cash flow, debt, and building financial systems to keep your business on the right track to success.
Selling or restructuring your business
Has your business grown or evolved over the years? Often business owners find that the structure that they started out with doesn’t suit a few years down the track. Our accountants can provide expert advice on the ideal new business structure to best cope with changes, such as an increase in staff, higher turnover, or expansion.
Selling your business? Bottom Line Control can guide you through the process of document preparation, valuing your business, deciphering your financial records, and minimising tax.
Your local business accounting specialists
Bottom Line Control Sunshine Coast accountants have been offering sound tax and financial advice to businesses just like yours for more than 15 years. For the very best accounting services on the Sunshine Coast contact our team on 5471 7077 or complete our online enquiry today.
Helpful resources for small businesses: