Accounting Services for Entrepreneurs

A business accountant does more than prepare your tax return. They can identify deductions you may be missing, ensure your entity structure is tax-efficient, handle your BAS and payroll obligations, and provide strategic advice on growth, cash flow, and asset protection. For businesses earning above $250,000, the tax savings from professional advisory typically far exceed the cost of the service. National Accounts works as an ongoing financial partner, not a once-a-year compliance service.

A sole trader structure is simpler and cheaper to maintain, but all business income is taxed at your personal marginal rate and you carry personal liability for business debts. A company provides limited liability and a flat tax rate of 25% (for base rate entities with turnover under $50 million), but has higher compliance costs and more rigid rules around profit extraction. A trust can offer the best of both if your circumstances support it. The right answer depends on your income level, risk profile, and long-term plans. National Accounts models the after-tax outcome for each structure before recommending a path.

Yes. We service business clients across Australia through cloud accounting platforms, video conferencing, and secure document sharing. We have active business clients in Melbourne, Sydney, Brisbane, Perth, the Gold Coast, and regional areas. Our Adelaide office is available for in-person meetings, but most client interaction happens digitally.

At minimum, we recommend meeting quarterly to review your BAS position, cash flow, and tax planning opportunities. Many of our business advisory clients have monthly check-ins. The more frequently you engage with your accountant, the more proactive the advice can be. Waiting until the end of financial year limits your options.

The ATO requires you to keep records of all business transactions for five years. This includes income records (invoices, receipts), expense records (supplier invoices, bank statements), employee records (pay summaries, super contributions), asset records (purchase price, depreciation schedules), and GST records (tax invoices for all purchases over $82.50). Cloud accounting software like Xero automates much of this record-keeping. National Accounts helps clients set up systems that make compliance effortless.

The instant asset write-off allows eligible small businesses with aggregated turnover under $10 million to immediately deduct the cost of eligible assets. The threshold and rules change frequently, so it is important to check the current limits before making purchases. National Accounts advises on asset purchase timing to maximise the benefit of available concessions.

We review your Xero data in the first two weeks of each quarter, check for GST coding errors, reconcile PAYG withholding against payroll, and prepare and lodge your BAS before the due date. Clients receive a summary showing the GST, PAYG withholding, and PAYG instalment amounts before we lodge. We also flag any unusual transactions or potential issues identified during the review.

Yes. Through National Accounts Lending, we assist with business loans, equipment finance, commercial property lending, and SMSF lending. Because your accountant and broker work from the same financial data, applications are faster and better structured. We work with a panel of over 30 lenders to find the right fit.