The City of Ipswich extends as far east as Greater Springfield and is Queensland’s fourth largest city after Brisbane and the Gold and Sunshine Coasts. As you would expect from a large metropolitan centre, Ipswich contains the full range of commercial, educational and government services as well as a diverse and increasing population.
Total Tax’ head office is located almost on the boundary between Brisbane and Ipswich cities and has a long history of providing residents with a wide variety of specialist and general accounting and bookkeeping services, including:
Single Touch Payroll (STP): STP has been made compulsory for businesses with 20 or more employees (as of July 1, 2018) and for businesses with less than 20 employees (as of July 1, 2019). The only two exceptions are businesses in remote areas that have unreliable internet access and businesses, such as harvesting contractors, that hire large numbers of people for short periods of time each year. All other businesses will now need to process their payroll online using accounting software, so if you don’t already comply with STP requirements, you need to seek advice as soon as possible.
Bookkeeping: bookkeeping is a vital part of success as a small business owner, yet for those unfamiliar with preparing and processing financial statements, they can be the least enjoyable and most time-consuming aspects of operating a business. Many business owners or their partners even do the bookwork after hours at home – eating into valuable free time. The introduction of STP makes up-to-date bookkeeping a necessity, which is why Total Tax continues to offer bookkeeping and accounting advice, support and administration services.
Tax Advice: our team of qualified professionals have extensive experience providing tax advice and preparing and submitting tax returns for individuals and businesses.
Business Development: in order to grow successfully, businesses need to provide potential partners, investors and lenders with detailed information about the business that can be time-consuming and difficult to prepare without the assistance of qualified accountants or bookkeepers. Total Tax provides Ipswich businesses with cashflow statements, debtor management, creditor management, due diligence, business valuations, business development and advisory services to help your business thrive.
SMSF Set-up: with more than one million Self-Managed Superannuation Funds (SMSF) now established in Australia, qualified advice regarding this form of retirement saving is more in demand than ever. Because we are also registered as SMSF auditors, you can be sure that the advice we provide is compliant with the most recent requirements at all times.
SMSF and Trust Fund Audit: in addition to providing advice regarding the structure and set-up of SMSFs, our accounting firm is registered as a SMSF and trust fund auditor.