Most business owners and managers may not have the skills and experience required to handle their business in these specialized areas. It’s important you make sure your business Accounting and Taxation needs are taken care of by professionals.

Business start-up
Let us help you turn your business idea into a reality.
If you have a good idea for a new business venture but don’t have expertise in the legal or financial aspects of creating a new business, we can help you:

• Decide on the most suitable structure for your business – sole trader, partnership, or limited company

• Prepare a business plan, cash flow projections, budgets, and trading forecasts

• Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals

• Establish a good working relationship with your bank

• Register for an Australian Business Number with the ATO

• Complete registration procedures with Australian Securities and Investments Commission

• Deal with company secretarial issues

• Set up a recording system for your internal use and for complying with statutory requirements

Company Secretary
Company legislation requires businesses to perform many administration tasks take up a lot of valuable company time. The last thing you need as a business owner is to be stressed out trying to ensure you are complying with the Corporations Law.
The possible threat of penalties for failing to keep up with the changing rules is too great a risk to take.
At SumTotal we are able to relieve this burden for you. Our services include:

• General advice on company law

• Company Formations

• Filing of annual returns on your behalf

• Preparation of all documentation related to minutes and resolutions

• Maintenance of statutory books

• Assistance in changes of directors, shareholders, addresses, and office details

• Bonus Issues

• Share Transfers

• Registered Office Facility

We can offer advice based on proven knowledge and experience. Our proactive approach ensures we deliver a consistent service and build solid relationships which stand the test of time.

Taxation can be a major cost to your business. We will work in partnership with you to minimise your tax and help you achieve your key objectives.

We provide a complete service of help and advice in all of the following areas:

• Preparation of Financial Statements

• Preparation of Income Tax Returns for Individuals, Partnerships, Trusts, Companies and Superannuation Funds

• Preparation of activity statements and advice on payment of tax

• GST/FBT obligations

• Capital Gains Tax

• Advice on and implementation of tax effective trust structures for asset protection and tax minimisation

• Management of any ATO Audits or disputes

The GST and PAYG system is a complex and confusing one. We keep up to date on the changes and offer accurate advice.

Business that employs staff will need to remit the PAYG withholding to the ATO.

The BAS related services we offer include:

• Advice on registering for GST and PAYG

• Filing and adjusting GST returns

• ATO audit assistance

We discuss your requirements with you and provide you with tailored information and constructive advice on a regular basis
Depending on the size of your business we have differing solutions:

• Micro Business – we can attend to all of your bookkeeping and accounting needs, including processing monthly information, preparing payroll, providing periodic management of accounts for tax, business appraisal and planning purposes. Small Business – if you require casual onsite assistance we have a number of bookkeepers that we can recommend

• Larger business – if you have an internal bookkeeper we can assist with a regular review of your files to ensure that the information is up to date and accurate.