No small business owner – and very few bookkeepers – can hope to be across all the relevant business administration issues faced by small businesses.
The usual shopping list of legislation includes:
- Tax – GST, Payroll Tax and PAYG (and soon some sort of a carbon tax)
- Insurance – Compulsory workers compensation, public liability insurance, professional indemnity, general insurances and Directors life insurance
- Compliance – ASIC administration (where applicable) and
- Employee Entitlements – Superannuation, Group Certificates, Workplace and Industrial Relations laws
As if that is not tough enough, there is always some business risk or issue specific to your industry.
All this bureaucracy inevitably leads to ‘blind spots’ for small business owners. These blind spots become painfully apparent whenever things go wrong – as they sometimes will.
Your Portal Accounts helps you avoid falling foul of the red tape in the first place, but when you do get the occasional ’employee issue’, audit or other such crisis – you’ll be glad you are with us. We work with our clients on these exact issues all the time. We know how it works, and we’ll guide you through your crisis. You can have confidence in us to do it right for you.
Not convinced? Read this testimonial. For obvious reasons, the company doesn’t wish to be identified.
“We got in real trouble with the ATO for unpaid employee entitlements and GST. Just how woeful our own bookkeeping was became apparent and we turned to Your Portal for help. They enabled us to get up to date with our accounts, prepare a solid sales forecast based on real numbers and then ultimately create a tax repayment plan and budgets for expenditure. Ultimately we worked our way through it together, but I don’t know if we would have been able to do it without Your Portal”