We offer Bookkeeping services such as BAS (Business Activity Statement) / IAS (Instalment Activity Statement) preparation and lodgement a critical tasks for any business operating in Australia and involve calculating and reporting GST, PAYG withholding, and other tax obligations to the Australian Taxation Office (ATO). TLS BAS and Bookkeeping can assist with BAS preparation and lodgement including gathering and organising financial data, reconciling accounts, completing the necessary forms accurately and submitting them to the ATO by the due date. Our service ensures your business complies with tax obligations and avoids any potential penalties or interest charges.
As your business grows or if you want to concentrate on growing your business you may find the day-to-day bookkeeping tasks are a challenge to meet. TLS BAS and Bookkeeping offers full bookkeeping services and can customise a bookkeeping package to suit your needs. Some inclusions of these services are: recording of financial transactions and balancing your books, Accounts receivable, credit control, accounts payable, liaison with government agencies and Accountants on your behalf, set up and integration of cloud-based programs including full training on these software solutions, day to day advice or full management on a daily, weekly, monthly, quarterly or annually basis.
Reconciling accounts is the process of comparing and matching a business’s financial transactions with those reported by the bank or credit card company. We offer reconciling of accounts as one of our bookkeeping services; this service is essential to ensure that your financial records are accurate and up-to-date, but more importantly, identifies errors and discrepancies. Our service provides businesses with a clear understanding of their financial position and helps them make informed decisions based on reliable up-to-date financial information.
Payroll management involves administering employee salaries, wages, and benefits. This service includes tasks such as calculating and withholding taxes, processing payments, maintaining accurate records, and complying with relevant employment laws, Single Touch Payroll and ATO regulations. Payroll management ensures that employees are paid accurately and on time, and their entitlements, such as leave and superannuation, are managed effectively. By using TLS BAS and Bookkeeping to take care of your payroll management, businesses can save time and reduce the risk of non-compliance with employment laws and regulations.
MYOB, XERO, and other online accounting software are powerful tools that can help businesses streamline their financial management processes. TLS BAS and Bookkeeping Services can help with software setup including setting up and configuring the software to meet the specific needs of the business. We also provide training on how to use the software effectively, from basic data entry to advanced reporting features. With proper setup and instruction, TLS BAS and Bookkeeping can help your business take advantage of the many benefits of online accounting software, such as automated bookkeeping, real-time financial data, and improved efficiency.
Budgets and projections are crucial tools that help businesses plan and manage their financial resources effectively. Budgets are a financial plan that outlines expected income and expenses over a specific period while projections, on the other hand, are estimates of future financial performance based on historical data and assumptions. As a service, TLS BAS and Bookkeeping works with clients to develop realistic financial targets, identifying potential risks and opportunities, and developing strategies to achieve business goals.
©2024 TLS BAS & Bookkeeping. All rights reserved. Website powered by Elite Design Industries
