Accounting
Accountants for Electricians.
Your Accounting Specialist for Electricians
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As an electrician, you are dedicated to providing high-quality electrical services to your clients. However, managing the financial aspects of your electrical business yourself can be daunting, and it’s easy to feel overwhelmed. That’s why we offer specialised accounting for electricians, designed to provide you with the financial expertise and support you need to succeed.
We are ‘business and profit builders’ who understand the unique needs of your business. Our accounting firm in Brisbane provides a range of services designed to help you manage the financial aspects of your business, and our team is committed to helping you achieve your financial goals and objectives. With our help, you can stay on top of your finances, reduce your tax liabilities, and maximise your profits.
Our Accounting Services for People with Their Own Business
As a contractor, freelancer, or consultant, you may operate as a sole proprietorship where you own and run your business alone. In this structure, you are responsible for paying personal income tax on all your business profits and are personally liable for any financial obligations. Keeping your financial affairs up-to-date is crucial in this scenario, and seeking the help of an accountant is highly recommended.
At Walker Hill, we understand the importance of compliance for sole proprietors and offer a range of financial services to help you stay on track. Our experienced accountants can assist you with filing your taxes, creating financial statements, setting up a bookkeeping system, and much more. We also provide advice on how to increase business profits and the efficiency of your business operations.
Trust us to help you manage your finances and minimise your tax liabilities, giving you the peace of mind to focus on growing your business.
Here are some of the accounting services for sole proprietors we offer:
Tax compliance
Ensuring tax compliance is a top priority for any business. The Australian Taxation Office (ATO) has specific Australian tax laws based on the industry and profits generated by the business, making tax compliance complex. However, our experienced tax accountants at Walker Hill can help you navigate these challenges. Our team of experts can help you stay on top of your tax obligations, reducing your tax liabilities and helping you to keep more of your hard-earned profits.
Superannuation help
As a sole proprietor, you must pay your own superannuation. At Walker Hill, we can help simplify the process by providing you with tailored advice on how best to manage your superannuation fund. We understand the intricacies of superannuation laws and regulations and can assist you in setting up an individual or corporate superannuation fund that meets your requirements.
Financial reporting
Accurate financial records are the most important business tool, regardless of size or structure. Our financial reporting services provide detailed insights into the performance of your business, including financial statements preparation. Our experienced team of accountants can help you keep track of your finances, providing up-to-date financial records which can be used to identify areas for improvement.
Business advisory
Our business advisory services are designed to help you make smart business decisions. We provide comprehensive business advice to assist you in achieving your financial goals and objectives, helping you to grow and increase business profit. Our team can also help with budgeting, forecasting and cash flow analysis, allowing you to effectively manage your business structure and finances.
Other Key Services we can Help Contractors, Freelancers and Consultants With
In addition to the services mentioned above, we can also help you with bookkeeping, cash flow management, and tax planning.
Bookkeeping
Contractors, freelancers, and consultants often struggle with bookkeeping, as keeping their business expenses separate from personal expenses can be challenging. But with our expert accountants, we can help you identify which costs are business-related and provide solutions to ensure that your personal and business finances remain separate.
Cash flow management
Staying on top of cash flow is crucial for any business, and sole proprietors are no exception. Our experienced team of accountants can help you develop a cash flow budget strategy tailored to your unique needs, ensuring that you always have the funds necessary to run your business.
Tax planning
If you’re a sole proprietor, it’s important to plan ahead when it comes to tax payments. We have the technical tax knowledge and can provide you with tax planning strategies assistance so you can minimise your tax liabilities while ensuring compliance. Our team will work closely with you throughout each step of the process, providing personalised guidance at every step of the way.
Business strategy implementation
Our full business coaching and advisory services are designed to help sole proprietors develop a strong business strategy. Our team of qualified business advisors will take the time to understand your business goals and objectives and provide you with tailored advice on how best to achieve them. We can also help you identify areas for improvement, such as profit improvement strategies and even business succession planning, allowing you to make informed business decisions that will result in long-term business success.
Why Choose Us?
When you choose Walker Hill for your accounting needs, you can be sure that you are getting the best possible service.
Here are just some of the things that set us apart from other accounting firms:
Team of Chartered Accountants
Our chartered accountants are amongst the most qualified and experienced, evidenced by their Tax Practitioners Board certificates. This ensures they have full authority to represent you before the ATO.
Bespoke services
We understand that each business is unique, and thus offer custom-made accounting packages built around your individual needs. This ensures you only pay for the services you genuinely require, allowing you to save money without sacrificing quality service.
Fixed-price packages
At Walker Hill, we prioritise transparency and integrity when it comes to pricing. That’s why we offer straightforward fixed-price packages for every single service that you can choose from, so you never have to question the value of what you’re getting or how much money will be coming out of your wallet.
Cloud computing technology
We are Xero specialists and utilise the most advanced cloud-based accounting software to ensure that your financial records are securely stored and always up-to-date. This allows you to access your documents anytime, anywhere, providing ultimate convenience for busy contractors and freelancers.
Trusted partner
As your reliable business partners, we are devoted to creating and maintaining long-term relationships with you as well as helping you attain financial success. We earnestly stand by you every step of the way–ready to answer any questions or provide guidance whenever needed.
Xero Partner and Finalist.
Xero Accounting Partner of the Year Finalist FY22
Find an Accountant Today for your Business
Choosing Walker HIll as your accounting specialist for your business provides you with the peace of mind that your finances are in safe hands. Our Xero-certified accounting specialists provide streamlined and customised solutions tailored to your individual business needs.
From Xero setup to cash flow management, bookkeeping and tax planning, trust us to provide you with the best service.
Let’s talk about accounting.
Book a discovery call with
Walker Hill Accounting today.
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