Compliance
Business record keeping
These are the basic financial requirements of any business and Cooper Savage can help you establish record keeping systems that are both efficient and cost effective.
Goods and Services Tax (GST) advice
GST is a tax on income and expenditure that all businesses, sole traders and partnerships must pay once their turnover reaches $60,000 – or importantly, is expected to reach. We can set this up for you, make it easy for you to file your own returns, or we can file them on your behalf and advise you of the outcome.
Records of returns must be kept, and we can help with that too.
You will always be responsible for payments, but are here to guide you and make suggestions when cashflow is tight.
If you are selling any assets, business or anything else you have claimed GST on the purchase, we recommend that you talk to us first, so you are aware of any GST consequences.
We know compliance can seem overwhelming, but we’ll be with you every step of the way.
Preparation of Financial statements
Financial statements give you a “snapshot in time” of your business. This snapshot is an important way of watching trends in your business. Because the snapshot is taken on the same day each year you get a picture of your business that is not clouded by seasonal trends or other regular issues. Financial statements will highlight several things about your business. These are not always obvious, so we encourage our clients to understand their financial statements and learn about various ratios and what they mean. This is all part of understanding the financial health of your business.
We don’t just prepare your statements; we help you interpret the numbers so you can make confident decisions.
Payroll
We are finding more businesses need help managing the complexities of Holiday Pay and Annual Leave. At Cooper Savage we can prepare your weekly or fortnightly payroll for you and maintain accurate Holiday entitlement records. This is a very cost-effective service for small business owners who may not be able to justify investing in specialist payroll software.
Whether you want us to handle your payroll or need training to do it yourself, we’ll tailor our support.
Payroll and leave can be complex—we make it simple for you.
