Business Services
Benchmarking
Have you ever wondered how your business performs compared to your competitors? What is their average bottom line? Are you spending enough on advertising? Are you paying too much rent? Are your staff costs too high? Surviving in today's business climate requires you to spend more time working on your business than in it. We can provide you with accurate, timely, informative benchmarking reports that enable you to:
- See how your business compares to your competitors
- Understand more about how the rest of your industry works
- Analyse the key performance indicators in your industry
Equipped with this information, we'll work with you to develop action strategies that improve your bottom line.
Bookkeeping
Bookkeeping can get messy. As a business operator, it is imperative to keep proper books and records for income tax, GST and other compliance obligations.
Compliance obligations can include:
- Keeping track of GST
- Preparation of monthly/quarterly GST/BAS/IAS/PAYG activity statements
- Paying staff superannuation
- Notifying Office of State Revenue when wages exceed payroll tax thresholds and remitting the appropriate amount of payroll tax
- Income tax compliance and potential audit of your accounts by the Australian Taxation Office
- Preparation and lodgement of annual income tax return with the Australian Taxation Office
- Notification of major changes to business and yearly fee to the Australian Securities and Investments Commission (ASIC)
- ASIC annual company review form
Let Page Harrison & Co step in to give your business a health check and assist you meet these obligations leaving you to concentrate on what you do best, running your business. We aim to provide our clients with a quality and timely bookkeeping service that will be cost effective. A major advantage of Page Harrison is that all the work involved with the bookkeeping services is supervised by a qualified accountant.
Budgeting
A good budget is a necessity in a good business plan. It is one of the best business tools you can have, enabling you to set financial targets and measure your performance.
In addition to goal-setting value, budgets will often improve your chances of acquiring funding. Financiers often require budgets as a prerequisite for funding approval.
The techniques we utilise to form financial projections enable you to consider future scenarios and provide you with goals to strive for in your business. There are many types of budgets. We can help you design the right budget for your requirements.
Let us show you how a budget can provide feedback that helps you prepare for the future of your business!
Business Start-Up
If you have a good idea for a new business venture but don't have expertise in the legal or financial aspects of creating a new business, we can help you:
- Decide on the most suitable structure for your business - Sole trader, partnership, or limited company
- Prepare a business plan, cash flow projections, budgets, and trading forecasts
- Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
- Establish a good working relationship with your bank
- Register for an Australian Business Number with the ATO
- Complete registration procedures with the Australian Securities and Investments Commission
- Deal with company secretarial issues
- Set up a recording system for your internal use and for complying with statutory requirements
Let us help you turn your business idea into a reality!
Cashflow Forecasting
Are you holding too much inventory? Is this the right time to expand your business? Are you going to have enough cash to pay all your expenses every month? Surviving in today's business climate requires you to spend more time working on your business than in it.
We can provide you with accurate, timely, informative cash flow forecasting reports that enable you to:
- Realise and understand when cash is available
- Plan and prepare for expansion, stock control, and taxes
- Analyse and anticipate key expenses
Equipped with this information, we'll work with you to develop action strategies that improve your bottom line.
Financing
A wide range of financing options exist each with their pros and cons. At we understand the financial market and have the experience and contacts to assist you in securing the best financing option for your personal and business goals. Our experience in the market means we can also structure debt upon acquisition to maximise tax advantages.
Let our experienced team explore the best financing options with you to get your business closer to its goals!
Management Consulting
Our aim is to ensure your business achieves the potential it is capable of. We have the know-how and experience to offer advice that helps you run your business more effectively.
We are practiced in acting as a sounding board for management, bringing years of experience in business growth to the relationship. We can identify key performance indicators in your business, through which you will see positive changes occurring with the help of our professional consultants.
We check that your business is as competitive, focused, and profitable as it can be, then offer flexible strategies, designed to address the issues affecting your business.
Let us give your business a health check! Take the practical advice we can provide to ensure the ongoing success of your venture.
Payroll Services
Administering your payroll can be time-consuming and divert you from your core business activities. Added to this, payroll and employment legislation are growing increasingly complex.
We can relieve you of this burden by providing a comprehensive, confidential payroll service that includes:
- Customised payslips
- Administration of PAYG, statutory sick pay, and annual leave
- ATO filing
- Summaries and analyses of staff costs
- Administration of incentive schemes, bonuses, and termination payments
Even if you only have a few employees, you will save by engaging us to administer your payroll.
Risk Management
A multitude of risks exist in today's business environment. At we pride ourselves in our proven ability to accurately assess risk and protect you from vulnerabilities inherent in your enterprise. An effective risk management strategy improves the performance of your business, enables you to complete goals, and protects the value of your business.
Our risk assessment includes:
- Assembling relevant information about your business and market
- Identifying the major risks facing your organisation
- Developing a risk strategy
- Implementing the risk management procedures
Software Solutions
Let us help you make the right choice of accounting software. A decent accounting system will help you keep track of your cash flow and let you complete GST returns easily.
Choosing the right system for your business can be difficult. After all, there are over sixty accounting packages available in Australia. Here at Page Harrison & Co we invest considerable resources into ongoing staff training to ensure we can recommend the best accounting solution for your business.
We are also BankLink Professional Advisors, Myob Certified Consultants and Xero Gold Partners.
Expatriate Tax Services
For both expatriates, themselves and their respective businesses, there are significant tax laws and commercial issues that need to be considered and acted on before any moves are made, in both home and host countries. Failure to do so could result in increased tax costs for the expatriate due to double taxation, as well as increased assignment costs for the business.
Page Harrison can help expatriates and their employers deal with Australian tax and employment taxation matters. Expatriates taking up employment here are subject to Australia’s comprehensive tax rules and employment visa requirements. Employees who are required to live away from their usual place of residence are also entitled to various benefits.
Appropriate structuring of such benefits as part of the compensation package can result in significant tax savings. We can assist expatriates and their employers in identifying Australian tax planning opportunities, reviewing tax equalisation policies and provide compliance services regarding Australian tax filing requirements.
Page Harrison can assist with matters such as:
- Pre-arrival procedures
- Planning for taxation consequences of an assignment or relocation in or out of Australia
- Remuneration planning to utilise fringe benefits which may be provided tax free or concessionally taxed
- Employment visas (referral)
- Assistance with compliance obligations when sponsoring an employee on a 457 visa:
- minimum salary levels
- superannuation obligations
- Tax charges including income and other taxes
- Benefits in kind
- Expatriate concessions
- Relief for foreign taxes
- Deductions
- Preparation of Australian income tax returns & compliance
- Government benefits and rebates
- Temporary residents of Australia:
- Departing residents access to Australian superannuation
- Medicare levy exemption
Likewise, if you are an Australian travelling abroad, we can assist with advice on expat tax requirements in your destination country, via Page Harrisons associated international network.