Bookkeeping & payroll

BAS Returns & Bookkeeping Services In Perth

Yes – we provide professional Small Business bookkeeping services in Perth to support your business needs. Our reliable financial bookkeeping solutions help keep your records organised and your operations running smoothly. Whether you need regular or one-off assistance, our bookkeeping services in Perth are designed to save you time and reduce stress. Using leading accounting software, we ensure your bookkeeping is completed efficiently, accurately, and at some of the most affordable rates in Perth. We also offer software setup, training, and ongoing support to ensure your system is running correctly and effectively.

What Is the Difference Between Accounting and Bookkeeping?

Your guide to Bookkeeping Services in Perth

In the bustling city of Perth, small businesses are the lifeblood of the economy. From trendy cafes to boutique shops and tech startups, these enterprises collectively contribute significantly to the region’s prosperity. Amidst the daily grind of managing operations and striving for growth, one critical aspect often gets overlooked: Bookkeeping.

Bookkeeping is the practice of recording and tracking the financial transactions of a business. Bookkeepers regularly summarize this activity into reports that show how the business is doing. It sets a solid foundation for correctly reporting periodic Business Activity Statements and Income Tax Return to the ATO without any further hassle.

When the size of the business expands, it often makes sense to start outsourcing your bookkeeping and accounting. An outsource bookkeeping service frees up lots of time and energy and allows you to put off hiring a full-time employee and sorting out a new accounting software. Let’s talk about a cost: the average salary for a bookkeeper in Australia is approximately $60,000 per annum, while you may be able to get outsourced bookkeeping for as little as $300 per month.

As registered tax return accountants and tax agents in Perth, our team is committed to delivering expert advice on tax planning and business financial management. In addition to our tax services, our professional Perth bookkeeping services help maintain accurate records and support better financial decision-making. We understand that your hard-earned income deserves expert guidance to minimize tax liabilities while staying fully compliant with all regulatory requirements.

Benefits of outsourcing your bookkeeping

An outsourced bookkeeper can become a part of your team, even though they’re not in-house. And in some instances, you have access to a whole team of supportive experts instead of just one employee. The key benefits of outsourcing your bookkeeping as a SMEs business include

Our team of experienced Accountants do more than just individual tax returns in Perth. And can help you to manage all your personal tax-related and financial necessities. Read more

Yes – We do Small Business Bookkeeping! Providing you with the financial bookkeeping services here in Perth. Read more

If you are a business registered for GST, you need to lodge a business activity statement (BAS). Read more

You can effectively manage your business responsibilities and achieve your goals; that is our commitment. Helping you with the company tax return. Read more

Whether a new start-up, established family business, or growing private business, our team of experienced Accountants Read more

Superannuation (Super in short) is a long-term investment that grows over time; this is the system under which most people save for their retirement. Read more

As a mortgage brokers in Perth, our clients range from first home buyers and local business owners to overseas property investors and professionals. Read more

Yes, at TFP Tax Accountants Perth, regardless of the size of your business—small, medium, or large—we can assist you in managing your bookkeeping requirements. We provide reliable bookkeeping services in Perth WA, offering professional financial support to help keep your business organised and running smoothly. Whether you need regular or one-off assistance, our tailored bookkeeping solutions are designed to meet your specific needs.

Using leading accounting software, we complete your bookkeeping tasks with efficiency, accuracy, and ease, while offering some of the most affordable bookkeeping rates in Perth. Our bookkeeping services Perth WA also include software setup, training, and ongoing support to ensure your system is operating correctly and effectively.

Payroll Services:

Payroll is the backbone of every business. Either you operate the business with a very small team of employees or with the help of large span team, understanding and complying with the payroll processes in Australia and meeting its periodic compliance requirements may be challenging and overwhelming for the business owners.

There are multiple reasons to outsource payroll. Maybe you’re just not great with numbers or you are becoming overwhelmed with other aspects of your business. While you’re seeking help with online bookkeeping, it makes sense to sign up for payroll services.

Key considerations when outsourcing payroll services

You will have more time to focus on other business affairs such as R & D, marketing, and other vital activities with payroll off your plate.
Payroll mistakes can leave your employees on the roll, overpaying or forgetting to add vacation time could cost your company money. Financial mistakes are never good. Outsourcing of Payroll eliminated these odds.
When you outsource payroll, you can increase peace of mind as Payroll experts know how to guard important personal data of your employees including bank details, tax details etc.
Payroll mistakes can be very costly. So is hiring someone full time rather than paying a contractor may be a more cost-effective way to get your payroll done promptly.
Regulatory compliance may be required at the state or national level for payroll related tasks, so, handing it over to your outsourced payroll provide peace of mind in dealing with complicated compliance rules.

We, TFP tax accountants, can act as a one stop solution for all business payroll services so that you can have more time available to focus on building up your business. Services include but not limited to:

Finding suitable ATO compliant payroll software and subscription management
Setting up your new/existing employees in the payroll system.
Update and maintain your employee database as required.
Setting up suitable payroll calendar as per business requirement.
Timesheet entry and Payslip generation.
Single Touch Payroll filing to ATO.
Filing periodic employee PAYGW return.
Quarterly superannuation reconciliation and processing.
End of Financial Year Reconciliation, Rollover and Payment summary generation and ATO filing
Other ad-hoc payroll support.

Contact us for any information or inquiries related to taxation and business advisory services.

FAQS

Frequently asked questions

Why choose TFP tax accountant in Perth?

No Appointment Needed: If you can’t make it in person with Tax Agent, we make the process simple and quick, online or over the phone.
Same-Day Completion: Send us your full details, and we can complete your tax return on the same day.
Expert Support: Your allocated Tax Accountant is always available to answer questions, either online or by phone.
Maximized Refunds: A qualified Tax Accountant will check your return for extra deductions, ensuring you get the maximum refund possible before it’s submitted to the ATO.
Confidence in Accuracy: Consumer surveys show that the #1 reason people choose TFP Tax Accountants is for the peace of mind that their tax return is done correctly. We ensure any mistakes are corrected to avoid delays or ATO issues.

What services do you offer?

Tax Return for Individuals

Individual Tax Returns: Preparation and filing of tax returns for all professionals.
Sole Trader Tax Returns: Assistance with tax returns for sole traders.
Rental Income & Negative Gearing: Guidance on tax implications of rental income and strategies for negative gearing.
Capital Gains on Rental Property, Shares, and Crypto Currencies: Advice on capital gains tax related to rental properties, shares, and crypto currency.
Employee Share Schemes: Support with tax matters concerning employee share schemes.
Income from Partnerships, Companies, and Trust Distributions: Assistance with tax obligations arising from income received from partnerships, companies, and trusts.
Redundancy & Employment Termination Payments: Guidance on tax implications of redundancy and employment termination payments.
Income from Australian Government Payments, Pensions, and Superannuation Income Streams: Advice on taxation of income from government payments, pensions, and superannuation income streams.
Interest Income, Franked and Unfranked Dividends: Support with tax matters related to interest income and dividends, both franked and unfranked.

Small Business Accounting:

We offer a comprehensive suite of services tailored to small businesses, including:

Entity Structuring: Assistance in selecting the most suitable business structure—such as sole trader, partnership, company, family trust, or unit trust—to optimize tax efficiency and operational effectiveness.
Bookkeeping & Payroll Management: Provision of accurate bookkeeping services and efficient payroll management to ensure compliance and streamline financial operations.
Superannuation and BAS Reporting: Guidance on superannuation obligations and preparation of Business Activity Statements (BAS) to meet regulatory requirements.
Annual Tax Returns & Financial Preparation: Preparation and filing of annual tax returns, along with comprehensive financial statements, to support informed decision-making.
Tax Planning & Business Advisory Services: Strategic tax planning and advisory services to foster business growth, enhance profitability, and ensure long-term financial success.

Our goal is to provide personalized solutions that align with your business objectives and ensure compliance with Australian tax regulations.

For Home Buyers:

Home Loan Application Preparation & Lodgement,
Calculating Borrowing Capacity.
Refinance & Debt Consolidation,
Assisting on Investment Loan structuring,

I’m new to setting up a business. How can an accountant help me?

We provide guidance for new startup businesses, ensuring they structure their entity correctly based on your specific circumstances.
We can provide you with a clear outline of the compliance tasks you need to manage.” Such as GST Registration, PAYG Registration, FBT, Fuel Tax Credit etc.
We can provide you with an annual calendar that outlines all the necessary lodgments and reporting compliance deadlines.
You’ll have peace of mind knowing your business is being handled by the right accountant.

Do you offer consulting services?

Our consulting services include, but are not limited to:

Tax compliance and reporting
Business structure evaluation
Cash flow review and forecasting
Payroll management
Financial health check for existing businesses

Is TFP Tax Accountants able to work with different accounting software?

“We are proficient in working with various accounting software, including Xero, MYOB, QuickBooks, and any other platform where your business records are kept.”

Let's Talk

Get In Touch

Our clients range from individuals and business owners to overseas property investors and professionals. They often require assistance beyond tax returns and business accounting, seeking guidance on tax planning and various financial and tax-related matters. Our Business Accountants, Tax Agents, and Tax Advisers are available year-round to discuss and support your personal and business needs.