1. Bookkeeping and Finalization
Bookkeeping is a vital part for any business or organisation. It is important to maintain proper records of accounts to ensure that all relevant taxes are paid timely. These reports are a legal requirement for any business; Also, bookkeeping ensures that exact financial reports are being provided to management.
Bookkeeping is a task which is fulfilled by the accounts department of an organisation. However not every organisation has a fully-fledged accounting department, or not every organisation might want to invest their time and resources into the task of bookkeeping. An outsourced bookkeeping service is our solution to these problems.
Provide you with all types of bookkeeping solutions:
- Bank reconciliation
- Managing account payables
- Managing account receivables
- Payroll processing
- Preparing fixed assets schedule
- Generating periodical management reports.
2. Taxation Services
Taxation is becoming complex, time-intensive and a burden for some business owners nowadays; Whether you are an individual, small business owner or a multinational company, the transformation of tax legislation affects you immensely. This can cause significant drain on your resources and impact your business’ performance if not maintained efficiently.
With a highly skilled team of CA and CPA accountants at Kangaroo Accountants, we are updated with every change in tax legislation in Australia. What makes us different from our competitors is we have a team dedicated for various taxation solutions and business strategies. While we provide you with efficient taxation strategies, you can focus on your forte i.e. expanding your business reach and uplifting you business to pinnacle of success.
These services include:
- Preparation of tax returns – Individual, Trust, Partnership, Company and Self-Managed Super Funds
- Processing of Monthly and Quarterly GST Returns
- Preparation of FBT Returns
- Carving out tax planning strategies
- Accessing data from Tax Agent Portal – Rest Assured – Read-only access will do
3. Financial Reporting
Financial reporting consists of preparing different types of reports and analysing them to determine the financial strength of an organisation. Since it provide details about the financial robustness of an organisation, it is important to maintain proper financial reports to gain competitive advantages. Kangaroo Accountants is one of the best outsourcing providers in financial reporting services. We provide efficient and crisp financial reports which will help you to analyse the growth and strengths of your business.
Our highly-proficient team has both knowledge and exposure to Australian Financial Reporting. This enables us to handle complicated and high-end accounting processes. Our team of competent professional accountants can provide highly accurate financial statement preparation services.
These services include:
- GST reconciliation
- Recording of hire purchase/chattel mortgage in annual reports
- Inter-entity transaction reconciliation
- Division 7a implications
- FBTimplications
- Recording of hire purchase/chattel mortgage in annual reports
- Inter-entity transaction reconciliation
- GST reconciliation
- Payroll tax reconciliation
4. Self Managed Super Fund Audit
When it comes to SMSF, auditing is the most important obligation to meet before lodging an annual SMSF tax return. As per the guidelines from Australian Taxation Office, one should not forget to appoint a SMSF Auditor, at least 45 days prior to the due date of lodging SMS tax return. All SMSFs must be audited every year by an approved SMSF Auditor.
Apart from administration of an SMSF, we also have a dedicated team of experts having a thorough knowledge in audit compliances and regulations of superannuation laws.
These services include:
- Document the Audit Plan to identify the extent of audit procedures required
- Gathering appropriate information and evidences to support assertions
- Assessing the Financial records to make sure the fund is compliant
- Conveying breaches or any financial discrepancies identified by us during the audit
Software Capabilities
Our teams have experience of all commonly-used software and with a little bit of training, we can work with the uncommon ones too.
