We cater for the Taxation & Accountant needs of:
- Individual Tax Returns
- Sole Traders
We can assist and advise you on:
- Establishing, maintaining & managing small business structures
- Cash flow forecasting & management
- Tax planning & minimisation strategies
- Tax Returns
EFFECTIVE TAX PLANNING
Maximise Your Tax Position
Effective Tax Planning – Mark Your Tax Accountant helps you better manage your tax preparation commitments with regular profit reviews. This allows you to avoid nasty tax surprises and penalties. Mark Your Tax Accountant is your local Sunshine Coast Accountant who provides solid tax advice to small businesses on the Sunshine Coast.
Annual Financial Statements – Find out how you can maximise your overall business position, while minimising your tax paid by using Mark Your Tax Accountant as your trusted tax agent.
New business-Start up assistance
It is a very exciting time to see your dreams of going into business come into fruition however it can also be a very daunting time. There is a lot of red tape and if you do not have professional advice, decisions that you make innocently could come back to haunt you in the future.
Are you thinking about starting up a new business, but are unsure what’s required from a regulatory point of view? Do you need help with getting the right structure for your circumstances, to ensure you don’t pay too much tax or leave your assets exposed to potential creditors?
We have helped many entrepreneurs reach their goals by evaluating each individual situation. From choosing the right structure to helping you take all the steps required to set up the business. This is also the ideal time to plan for the future so you don’t get bogged down in the day to day business process. Our Business Accountant Sunshine Coast practice is locally owned and operated. We do not employ overseas contractors or employees. All your tax and accountant work will be performed on the beautiful Sunshine Coast.
For small businesses cash is king. Cash flow ensures that a business can pay its bills and staff, keeping the business operational. That’s why the Statement of Cash Flows report is so important. It identifies the cash flowing in and out of a business, and can help you make informed decisions about how your business operates.
While the Profit and Loss includes income that might not yet have been paid by your customers, the cash flow statement looks at all cash receipts and cash expenditure. It also groups the money going in and going out of your business into useful categories.
What benefits does a cash flow statement provide?
The Statement of Cash Flows can help you understand:
Are you generating a cash surplus? Regardless of having to buy new equipment or raising money via loans, this shows you if you’re profitable. And if not, why not?
Did your cash drop because you invested in things that you expect to make you money in the future? This could be buying new equipment, or classic investing in shares etc.
Did you end up with more money in this period because you took out loans? If so, then that tells you in the future that you will lose cash to repay the debt.