Accounting

Modern businesses require up-to-date, accurate financial information. Business managers face an ever-increasing range of tax compliance and reporting regulations. Managing this can be time consuming and complicated. We can work together with you to reduce this burden and the associated risks of non-compliance

Our experienced business and tax advisors will discuss your requirements with you and provide information relevant to your particular situation, as well as constructive advice, on a regular basis. We are committed to building close relationships with our clients and providing clear and relevant information in a timely manner. Let the team at Thorntons help you with your accounting needs, including preparation of your annual accounts and periodic management accounts, annual taxation compliance, business appraisals, and business planning.

We provide the following accounting services:

Financial Reporting

We tailor our services to the needs of our clients. From a set of annual financial statements to meet regulatory requirements, or more regular management accounts to assist the decision makers of your business, our dedicated team will ensure your needs are met. We assist some clients on a monthly or quarterly basis with management accounts, often accompanied by attendance at management meetings and a review of the ongoing business performance.

Accounting and Tax Compliance for Businesses

Our diligent and highly skilled team know the ins and outs of accounting compliance for businesses of all sizes. We can aid businesses in not only understanding the Australian Tax Office (ATO) regulations, but also in getting books up to scratch. We will ensure that your business is guided from start to finish and complies with all federal regulations.

Our team of dedicated specialists are able to prepare your Individual Tax Returns, Business Tax Returns, Business Activity Statement (BAS), Pay As You Go (PAYG) lodgements as well as the more recent Superstream and Single Touch Payroll requirements.

We can advise on Goods & Services Tax (GST) and Fringe Benefits Tax (FBT) obligations as well as ASIC corporate compliance. We will also manage any disputes or audits with the Australian Tax Office (ATO) on your behalf.

Book Keeping

Our accountants can advise you on book keeping practices to ensure your business is running as efficiently and effectively as possible.  We can step in at any stage – from business start-up assistance to taking over from your in-house accountants and bookkeepers where needed.

We have ongoing communication with the experienced bookkeepers who assist our clients. Our close relationships with them helps to improve the accuracy and efficiency of the client’s cash book reporting.

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Accounting Software Solutions

While many business owners and managers prefer to keep on top of every aspect of their business, the financial side can quickly get away from us, especially if your business grows quicker than expected. This is where the team at Thorntons can help! We provide software support and assistance as required, from ongoing processing assistance to advice on which option would be best suited to our clients’ needs.

We are preferred partners with the following, and as such, can offer discounted subscriptions:

 

Newsletters & Resources

Thorntons Biz is our regular newsletter sent out once a month to subscribing clients to keep you up to date with any recent changes relevant to your business and taxation. We have regular blogs available on our website for your access anytime on a variety of topics from fuel rates, key reporting dates, superannuation and everything in between.
In addition, we keep our clients up to date with any changes to taxation, superannuation, corporate regulations and any other topic we feel is relevant, by way of our “Client Alert” emails.

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Speak to us today

We have dedicated experts ready to help with advice about your tax and accounting needs. Speak to us today.