Frequently Asked Questions
GC Accountants specialises in taxation and accounting services for businesses, business owners, and family businesses.
When choosing a new accountant, it is important to take your time and carefully consider your priorities and what kind of services you are seeking. Making sure your Accountant is Certified and part of a regulated professional body, is vital so you know you’re working with someone trustworthy and dependable. Also, you need to ensure you’re working with someone that has relevant experience with tax returns and preparing financial statements for individuals or businesses similar to you.
GC Accountants are members of the Certified Practising Accountants Australia (CPA Australia), which means we are trusted advisors. Our team is experienced in a wide range of accounting services including business and individual taxation solutions, family trusts, capital gains and negative gearing advice, and so much more.
Everyone can benefit from having a Tax Accountant to assist them with various financial issues. If you have a complex financial situation or tax return, then an Accountant makes the whole process less stressful. At GC Accountants, we have helped lots of people who have complicated situations and need assistance with their tax return because of investments, multiple properties, company shares, extra income streams, and other situations.
Sorting out your own finances can be extremely stressful and time-consuming. If you feel overwhelmed with trying to keep track of receipts, payments, revenue and more – then it’s time to hire an Accountant. We can help you keep everything organised, keep tabs on your outgoing costs, GST and BAS, and capital gains taxes. The GC Accountants team can also offer advice and formulate strategies that may be able to help you save money.
While there is no legal obligation for a Limited Company to employ an Accountant, it can be extremely beneficial, saving you a lot of stress and time in the future. An accountant can assist with the legal business structure for a Limited Company, and explain any liability issues to you.
At GC Accountants we utilise three premium business accounting software solutions, including Xero. These software products are functional and comprehensive. Xero, can efficiently manage bookkeeping, performance, and compliance obligations. Our tax software products can also be tailored to your business’s unique requirements, with training offered.
Additionally with these cloud-based accounting services, it’s easy to share information, check your business accounts and track the financial status of your company.
Every business, from giant conglomerates to small businesses, can benefit from an Accountant. From assisting you to register your business and loan applications, to helping you with tax time and everything in between. Keeping track of receipts, revenue streams, salaries, and everything else you need to keep an eye on can quickly become overwhelming. GC Accountants can assist in getting it all under control, taking the pressure off your financial situation. We can help you to measure business performance and rates of salaries, ongoing revenue, payroll and more. Creating helpful graphs and updated reports is part of our service, so you understand where your money is going.
Depending on your circumstances and financial situation, you may greatly benefit from engaging the services of an Accountant. Being self-employed can be difficult and involves a lot of organisation, which can easily become overwhelming. The GC Accountants team will help you with Tax Office compliance, by implementing systems such as Xero into your business. This will free up your time to focus on what’s important in your business.
Our KPIs include strategies to implement into your business, that will see it grow. Focusing on this will improve your overall financial position, getting you closer to reaching your financial goals. We help you minimise your tax liability, so you can maximise your profit. Additionally as your Accountants, we can keep you up-to-date with constantly changing and evolving tax rules.
Accountants are definitely worth the investment, when you consider the amount of time and stress that an Accountant can save you. The more complex your financial situation, the more reason you have to visit a Registered Accountant. Whether you own a business, or you’re a sole trader, it can be extremely difficult to keep track of your receipts and ever changing tax laws. Other situations that may require an Accountant include if you own rental properties, if you self manage your super funds, or have to deal with capital gains. Accountants can also assist in assessing what is and isn’t deductible by going through your company and personal expenses, to find deductions that you didn’t know would be available.
Is it time for you to speak to an expert?
Again, it’s time for you to see us now….our services standards provide that your call will be returned by close of business on the day of your call. This is common courtesy really.
Are you feeling unwelcome? Or spoken down to? Don’t accept that; it’s time for you to see us now……
Sometimes this means that what you think is being done by your Accountant – is not! This means that you need help now!
Are you aware that the ATO can now make you personally liable for company debts? Don’t accept this situation call us today & we will get you on the right track & out of trouble.
You need to focus on making money & working on your business – not reconciling bank accounts! The biggest trap here is doing it yourself or using the services of incompetent & expensive bookkeepers. We have an automated system which takes the human element out bookkeeping therefore providing ‘rock solid’ figures with minimal input from ourselves or you! Ask us how.
We like to keep things simple; not convoluted Bloodline Trusts, Hybrid Trust or other entities you don’t understand or need! Our goal is to make you feel comfortable & in control of whatever entity structure we feel is right for you.
This happens in Big Accounting Firms, they treat you like a small fish in a big pond (but still charge you like you are a big fish)! It’s time for a change…
We know that taxation & the related government imposed compliance is a major cost to your business so we PROMISE to work with you in order to minimise both the compliance burden & your tax liability.
Good on you! But before you do, come & see us as we will make sure you do the following CORRECTLY:
• Decide on the most suitable structure for your business — sole trader, partnership, trust or company
• Register for an Australian Business Number with the ATO
• Set up a recording system for your internal use and for complying with statutory requirements
• Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
• Prepare a business plan, cash flow projections, budgets, and trading forecasts to establish a good working relationship with your bank
We offer a 10 day turnaround guarantee. This means that once we have received all your information to complete your work we will complete your business financials within 10 days! Better still, we will quote you upfront how much it will cost – taking away the ‘surprise bill’ at the end. Better still, why not take advantage of our Fixed Price Arrangement.
