We’re accounting experts.
With added friendly.
Accounting and business advisory services with a human touch
Taking the stress out of number crunching
When you run a business, no matter how big or small, you need to work with accountants and business advisors you can trust. You rely on them to help you unlock important financial information that may be the key to your ongoing business success.
While running your business may be something you love, and something you’re good at, understanding everything about the financial side of your business may be a little more difficult.
And that’s okay. Because we love numbers. We want to help you partner with Palmers Chartered Accountants, you’re letting us remove the stress of the financials so you can do what you love best, running your business.
In Australia, financial statements are prepared in line with the Australian Accounting Standards Board (AASB) standards, also called the Australian Accounting Standards. Your financial statements help all stakeholders understand what’s happening in your business. When you’re a small business, your financial statements will be simple and straightforward. However, as your business becomes more successful and complex, so will the financial statements you need to provide. Palmers’ advisors can give you the financial confidence you need today and grow with you.
Tax Returns and Compliance
Palmers can help with the preparation and lodgement of your income tax returns while offering your specialised taxation and accounting advice. We’ll work to find ways to optimise your tax position, and advocate on your behalf to ensure your business is tax compliant. If tax changes are in the way that will affect you, expect an email. If your business is heading towards its next financial evolution, we’ll shout you a coffee and cake while we discuss what needs to happen next. We can help with:
Whether you’re a brand new business or a seasoned veteran, having an expert business advisor on your team can help propel your business forward. The business world moves fast, so it can be easy to miss important changes or updates.
Independent eyes can see your business through a fresh lens, seeing ways to optimise you’d never considered. A savvy business advisor can reveal new opportunities, help you integrate more efficient, cost effective processes or assist you in over hauling your business.
Trusted Business Advisors may be key to taking your business to the next level. They can help with:
Chances are, nobody told you about all the paperworks that comes with running a successful business. How you need to keep track of every dollar and cent running through your business, especially if you want to claim at tax time. That’s why every business needs a bookkeeper.
A good bookkeeper knows every cent your business has earned and where it is now. They let you know if you can afford a new “insert name of thing your business wants to buy” while simultaneously documenting all your business transactions.
Whether you’re a small sole trader who only needs a bookkeeper for a few hours a month or a larger business requiring a bookkeeper for a few hours every day, Palmers can perform the bookkeeping function for your business.
Cash Flow Management
To run a truly successful business, you should have a clear understanding of where your money is coming from and where it’s going (please chat to your bookkeeper). We know more businesses go broke not because they aren’t making a profit, but because they run out of cash when they need it.
If you don’t have a firm grasp of your business cash flow, it won’t be long before you run into issues. Granted, cash flow problems happen to the best businesses but, for the most part, they can be avoided with practical cash flow management. Cash flow management lets you plan ahead so you never run out of cash to pay suppliers, debts or, most importantly, employees.
Your retirement may still be many decades away or fast approaching. Whatever the situation, superannuation is one of the best ways to ensure you have the comfortable retirement you want (and deserve). Taking control of your superannuation, or even setting up a self-managed superannuation fund (SMSF) could pave the way for financial freedom in retirement. It’s also an excellent way to minimise the tax you pay every year while saving for retirement. We can help with:
Ready for rock solid accounting advice?
Partner with people who have proven know-how when it comes to all things accounting.
At Palmers, we're on your side.
Our down to earth, practical and personalised accounting experts will take you from concerned and stressful to confident and in control. Here’s just a few of the ways you can experience the Palmer difference.