Your
Tax Accountants
We work with you during the tax planning process to make sure that we do everything possible to minimise your tax.
Your
Annual Tax Compliance
End of Financial Year Financial Statements and Tax Returns
End of Financial Year Financial Statements and Tax Returns for your business. This is an annual compliance activity that most business need to do, and we make sure that this process is streamlined and simple for you. We also take the time to explain to your what strategies we have suggested to successfully minimise your tax.
Annual Tax Compliance
Annual QBCC Financial Reporting
Let I Count Beans help you manage your Annual QBCC Financial Reporting Requirements. We will help prepare and lodge necessary financial reporting and liaise with you to ensure you understand the process and your obligations and financial position.
Annual Tax Compliance
ASIC Corporate Secretarial
We will keep ASIC up to date with changes to your business shareholding, Directors, or other updates such as change of address etc.We will follow you up regularly with regards to any fees payable to ASIC so you avoid any late fees from ASIC.
Annual Tax Compliance
Taxable Payment Annual Reports (TPAR)
Businesses that make payments to contractors may need to report these payments and lodge a Taxable Payments Annual Report (TPAR).
Because of our OneSnap system we have all your contractor’s information already prepared in XERO and ready to lodge for the TPAR. So, we can help you manage your obligations and streamline this process so that this report is lodged correctly and on time.
Annual Tax Compliance
Payroll Tax
Payroll tax is tax that is assessed on wages paid or payable by and employer to their employees, when the total wages exceed a certain threshold amount.
See payroll tax rates and thresholds here.
If you have significant investment in staff wages, then you may be liable for Payroll Tax. Let I Count Beans provide you advice in this area of tax and help manage the process if you are required to register for and pay payroll tax.
Annual Tax Compliance
A Fringe Benefit (FBT)
A fringe benefit is a payment to an employee that is different to the normal salary and wages. For example, if an employer allows an employee to use a work car for private purposes.
Let I count beans, manage your Fringe Benefit Tax obligations correctly and ensure you are correctly managing and structuring your employee benefits.
Periodic Compliance Lodgements
Quarterly or Monthly Business Activity Statements (BAS)
A fringe benefit is a payment to an employee that is different to the normal salary and wages. For example, if an employer allows an employee to use a work car for private purposes.
Let I count beans, manage your Fringe Benefit Tax obligations correctly and ensure you are correctly managing and structuring your employee benefits.
Periodic Compliance Lodgements
Single Touch Payroll Lodgements (STP)
Single Touch Payroll (STP) is a government initiative that means business owners must report their payroll details to the ATO digitally each pay run.
I Count Beans are XERO experts in STP Payroll. Therefore, we can ensure your business is set up correctly for STP Payroll and we will ensure each pay run completed each week in xero is filed with the ATO through STP Process. We will do the full process for you, so no need to worry about this because we got you covered.
Periodic Compliance Lodgements
Superannuation
As a rule, you must pay super guarantee to any employee earning more then $450 in a calendar month.
I Count Beans will process your monthly or quarterly superannuation for your employees, simply and efficiently.
Once I Count Beans has lodged your Superannuation, you will receive a txt message code and then you just put this into XERO and then XERO will direct debit the amount out of your bank account and then distribute to your staff’s superannuation accounts.
How easy is that?
Periodic Compliance Lodgements
Self-Managed Superannuation Fund (SMSF)
As the Government encourages Australians to take responsibility for and reach their financial retirement goals, we are required to deal with Superannuation funds more regularly.
Self-managed Superannuation is a means of saving for retirement that allows you to control your investment strategy, reduce tax while obtaining tax benefits, and control administration costs.
Superannuation law is a complex area and quality advice is required to ensure you’re compliant with these regulations. We can assist in establishing a superannuation fund that will effectively allow you to manage and reach your retirement goals.
I Count Beans Accountants can help you with the following:
Help refer you to a financial advisor for guidance and establishment of Self-Managed Superannuation Funds.
Bookkeeping of your Self-Managed Superannuation Fund, including attending to any compliance obligations.
Advice concerning Taxation Compliance, Tax benefits, Employer obligations.
Bookkeeping made easy
At I Count Beans, our specialty is bookkeeping. We keep our clients up to date using integrated app technology.
How we code receipts
Simply send a photo of your receipt (or email of your invoice) to our team. We then match and code that expense (from your bank feed) to Xero.
As simple as that
No more wasted time looking for old receipts at end of financial year. Our team keeps your transactions up to date daily!
Pricing Packages
Small Business Package
Our fixed weekly fees start at $75 + GST
This includes:
- Basic payroll
- Coding and reconciling receipts with DEXT
- Reconciling customer deposits
- Processing Superannuation
- Workers Compensation Declaration of Actual Wages
- Preparing and lodging BAS
- Preparing and lodging end of financial year financial statements and tax returns
- Advice as is required by phone, zoom or email
Established Business Package
Customised price based on the complexity and size of your business.
This can include a combination of the following services:
- Complex Payroll
- Coding and Reconciling Receipts with DEXT
- Creating and emailing customer sales invoices
- Reconciling customer deposits
- Processing Superannuation
- Workers Compensation Declaration of Actual Wages
- Taxable Payments Annual Reports for Sub-contractor payments
- Fringe Benefits Tax
- Payroll Tax
- QBCC Reporting
- Preparing and lodging BAS
- Preparing and lodging end of financial year financial statements and tax returns
- Advice as is required by phone, zoom or email
- EOM Management meetings via Zoom or in person
Industries We Specialise In
Construction
Consulting
Medical
Transport
Education
Hospitality
Ecommerce
Manufacturing
Construction
Consulting
Medical
Transport
Testimonials
"We have worked with Michael, Tony and the icountbeans team for some years and have clients in common. Feedback is always positive around how the icountbeans team are pro-active in helping their clients to navigate the challenges of small and family business ownership. They don't look backwards like many accountants. They help their clients hone their financial GPS on all aspects of the business to help them achieve their goals."
Colin Perry
"Switching accountants has been life changing for our small and still new business. Michael is excellent at what he does and has us feeling confident that our accounts are consistently up to date. He helped us so much with advice on ways to make our business more profitable and sustainable. Feels like we have turned a massive corner having I Count Beans on our team. Highly recommend."
Stephen Harris
"We've been using I Count Beans for some time now. Michael, Tony and their team are very professional, super responsive to our requests, focus on client satisfaction, easy to work with and really know their stuff! Communication is clear, simple and concise. They have saved us money and help alleviate the needless anxiety that comes with bookkeeping and taxation. This allows us to focus more fully on our company and what we enjoy doing. We cannot recommend the team highly enough!"
Shari Mikhail