At mbm accountants we provide our clients with a personalised, expert service, ensuring business owners are supported with the timely advice they need. Our services are tailored to meet the individual needs of our clients and focus on providing solutions to their ongoing needs.
Our services include:
- Taxation and Compliance
- Taxation Planning
- Management
Reporting
- Projected Profit and Loss Statements
- Profitability Analysis
- Projected Cashflows
- Balance Sheet Analysis and Management
- MYOB Bookkeeping (on and off-site)
- Structuring and Asset Protection
- Not-for-profit sector
- General Advice
Not only are we able to offer these services in-house, we also have an extensive network of individuals that we are able to call on for advice in other specific areas.
mbm accountants offers extensive taxation and compliance services. This encompasses all year end compliance requirements of the Australian Taxation Office and includes the preparation of financial statements and tax returns for:
- Companies
- Trusts
- Superannuation Funds
- Joint Ventures
- Not-for-profit organisations
- Partnerships
- Sole Traders
- Individuals
All areas of taxation are covered including:
- Income Tax
- Fringe Benefits Tax
- Capital Gains Tax
- GST
- Business Structuring
- Superannuation Guarantee Charge
- Activity Statements
- Pay as you go system (PAYG) reporting and management
Our services focus on ensuring that the accounts are prepared accurately and efficiently, and that any potential areas for concern are identified and dealt with to minimise the risk associated with an ATO audit.
At mbm we offer our clients taxation planning in the later part of the financial year to identify any potential taxation liabilities they may have. By receiving advice about this during the year, effective decisions can be made about the business and potential pitfalls can be avoided.
Many small business owners are focussed on the day-to-day operations of their business, leaving little time for strategic management planning. mbm accountants can assist clients to focus on the bigger issues within their business by providing the following services:
Projected Profit & Loss Statements
This involves forecasting the income and expenditure for the business, usually over the next 12 months. A budget is subsequently prepared, providing tangible goals to work towards for the upcoming period.
The benefit of this service is to determine whether a business will be profitable in the future and to make affirmative proactive decisions to affect the desired outcomes.
Profitability analysis
This process involves a combination of both the examination of the business for potential areas for improvement and identifying items outside the normal range for the industry.
- Projected Cashflows
At mbm we can assist clients to prepare a projected cash flow to identify any periods in which there may be a shortfall in available funds. This allows our clients to make sufficient provisions to plan for any expected shortfalls and to perhaps reconsider the terms under which they conduct their business.
- Balance Sheet Analysis and Management
Probably the most common question asked of accountants by business clients is “If I made that much profit, then why isn’t it in the bank?”
We not only answer this question for our clients, we help them to understand why this happens and what they can do to ensure that the profits they make end up in the bank.
Structuring and Asset Protection
The structure in which a business trades has a significant impact on tax minimisation and protection of assets. mbm accountants review client structures on an ongoing basis to ensure that the assets that they have worked so hard to create are protected from creditors.
MYOB Bookkeeping (on and off-site)
All businesses require record keeping services, whether they be sourced externally or managed internally. At mbm accountants we provide premium quality bookkeeping services at a cost effective rate both on and off site.