The suburb of Sherwood has a population of approximately 5,500 residents as well as a wide range of retail, commercial and professional services. With a median age of 35 according to the 2016 census – three years younger than the national average – Sherwood is a young, vibrant and prosperous community.
With a thorough understanding of the accounting needs of individuals and businesses in Sherwood, Total Tax is in position to provide comprehensive accounting advice across a range of categories, including:
Single Touch Payroll (STP): there are two exceptions (remote businesses with limited internet access and businesses such as harvesters that have employees for a very limited period each year) but STP is 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). STP requires payroll to be processed online via appropriate software, so if you don’t already comply with STP requirements, you need to seek advice as soon as possible.
Tax Advice: Total Tax has a team of qualified accountants experienced in providing comprehensive tax advice for individuals and businesses that will maximise your tax returns.
Business Development: small businesses often struggle to grow because they are unable to manage their accounts or provide detailed information about their operations to potential partners, lenders or investors. As specialist small business accountants, Total Tax provides Sherwood businesses with cashflow statements, debtor management, creditor management, due diligence, business valuations, business development and advisory services to help your business thrive.
Bookkeeping: the introduction of compulsory Single Touch Payroll (STP) has made accurate, timely bookkeeping more important than ever for businesses. Even sole traders without employees will benefit from our comprehensive bookkeeping service that allows you to focus on your areas of expertise while at work – and enjoy your free time after hours!
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.