Absolute Bookkeeping and Accounting Services 56 Pacific Highway, Kanwal, New South Wales 2259

Welcome to Absolute Bookkeeping and Accounting Services, located at 56 Pacific Highway, Kanwal, Australia. We are a reputable institution offering a range of accounting and financial services to individuals and businesses alike. Whether you're starting a new venture or looking to streamline your financial operations, our team of experienced professionals is here to assist you every step of the way.

At Absolute Bookkeeping and Accounting Services, we understand that starting a new business can be an exciting yet overwhelming time. That's why we recommend finding a good Tax Agent, like us, before you dive into anything. By making an appointment with us, you'll have the opportunity to discuss your ideas and ask any questions you may have. Starting your business off on the right foot will allow you to focus on what you do best, while we take care of all the necessary paperwork and financial aspects.

Small business accounting can quickly become complex if you try to handle it on your own. If you feel like you're losing control of your finances, with no clear understanding of who owes you money and how much, our accountants can help you get back on track. We can provide you with the right software, such as MYOB or others, to make the process less stressful. This will not only save you time but also give you more opportunities to work on growing your business.

Contrary to popular belief, meeting with your Tax Agent should not be a once-a-year occurrence. It is much more beneficial to have regular meetings throughout the year. This way, you can stay on top of any tax issues that may arise before the end of the year. Additionally, frequent consultations will help you gain a deeper understanding of your business, allowing you to make informed decisions to improve its performance and profitability.

No matter the size of your business or the software you use, having a Bookkeeper or Tax Agent by your side is crucial for its growth. They can provide valuable assistance with staff management, GST, tax liabilities, and even serve as a listening ear to help you navigate the challenges of entrepreneurship.

While bookkeepers and accountants share common goals, they support your business in different stages of the financial cycle. Bookkeepers focus on recording transactions and keeping your finances organized, while Tax Agents and accountants provide consultation, analysis, and are more qualified to advise on tax matters. You can rely on our accountants for strategic tax planning, financial forecasting, and seamless tax filing.

If you're not registered for GST, it's essential to monitor your turnover each month to determine if you've reached the threshold or are likely to exceed it. You must register within 21 days of your GST turnover exceeding the relevant threshold. For businesses with a GST turnover of $75,000 or more, or non-profit organizations with a turnover of $150,000 or more, registration is mandatory. Our registered Tax Agents and BAS Agents can assist you with the GST registration process.

At Absolute Bookkeeping and Accounting Services, we are committed to helping your business thrive. Contact us today to schedule an appointment with our knowledgeable team and experience the difference we can make in your financial success. Remember, you only need to register for GST once, even if you operate multiple businesses. Let us be your trusted partner in achieving your financial goals.