Top 20 Accounting FAQs for Small Business Owners in Australia
Introduction
Running a business in Australia means managing your finances effectively, staying compliant, and making smart decisions to support growth. At Trinity Accounting Practice, we have supported hundreds of businesses by answering the most common accounting and tax questions they face.
Below, we have compiled the top 20 frequently asked questions with clear, practical answers. Whether you are a sole trader, a company director, or running a not-for-profit, these insights are designed to help you succeed.
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Services and Specialisations
What industries do you specialise in?
We specialise in childcare, construction, hospitality, healthcare, fitness, retail, and professional services. Each industry receives tailored support for tax, bookkeeping, and compliance based on its unique needs. Discover the industries we specialise in.
Do you offer virtual consultations?
Yes, we offer virtual consultations via Zoom or phone for clients across Australia. Book online at a time that suits you.
What are your office hours?
We are open Monday to Friday, and also offer weekend and after-hours consultations by appointment to suit your schedule.
Where is Trinity Accounting Practice located?
Our office is located at 159 Stoney Creek Road, Beverly Hills NSW 2209. We also work with clients remotely throughout Australia.
How do you price your services?
We offer transparent, competitive pricing based on your business size and needs. Packages are available for startups, sole traders, and growing companies.
Do you offer a free consultation?
Yes, we offer a free 30-minute consultation for new clients to assess your current financials and explore how we can help. Book your free consultation.
Tax and Compliance
Can you lodge my tax return?
Yes, we lodge tax returns for individuals, sole traders, companies, and trusts. We also handle complex cases, including late lodgements and ATO disputes. Learn more about our tax services.
Can you help me register for GST?
Yes, we can help you register for GST and handle all related compliance, including BAS lodgements and reporting.
Do you help with business activity statements (BAS)?
Absolutely. We prepare and lodge BAS for sole traders, partnerships, companies, and trusts to ensure accuracy and on-time compliance.
Can you help with tax planning before EOFY?
Yes, we provide proactive tax planning strategies to legally minimise your tax before the end of the financial year. This includes reviewing deductions, forecasting, and structuring advice.
Do you help with ATO disputes or audits?
Yes, we can represent you in ATO audits or disputes. We help you prepare supporting documentation and negotiate outcomes where required.
Bookkeeping and Payroll
How often should I do my bookkeeping?
Bookkeeping should be done weekly or monthly, depending on your business size and transaction volume. Regular updates help you stay compliant, avoid errors, and keep track of your cash flow.
Can Trinity Accounting assist with payroll setup and management?
Yes, we manage payroll for small and medium businesses. This includes Single Touch Payroll (STP), superannuation, entitlements, and leave tracking. Learn more about our bookkeeping and payroll services.
What accounting software do you recommend?
We primarily use Xero and MYOB because they offer reliable cloud-based accounting, ATO integration, and easy real-time reporting. As a certified Xero advisor, we can set up, train, and support you on the platform.
Do you offer catch-up bookkeeping services?
Yes, we help businesses catch up on missed or disorganised bookkeeping. We clean up your records and ensure everything is accurate and compliant, whether you are behind by a few months or several years.
Business Support
Do you work with sole traders?
Yes, we assist sole traders with ABN registration, GST, BAS, tax returns, and ongoing bookkeeping using cloud platforms like Xero.
Do you offer business advisory services?
Yes, we offer strategic advisory services including business planning, budgeting, forecasting, and compliance reviews to help you grow confidently.
Do you assist with loan or finance applications?
Yes, through our mortgage brokerage division, Nexus Wealth Partners, we support clients with home loans, business loans, refinancing, and finance applications.
Can you assist with budgeting and cash flow forecasting?
Yes, we create detailed budgets and cash flow forecasts to help you plan effectively, manage expenses, and prepare for growth or lending. Our Virtual CFO division, VCFO Australia, provides this as an ongoing service for businesses that need strategic financial oversight.
Is Trinity Accounting experienced with not-for-profits?
Yes, we work with not-for-profits and charities across Australia. Our services include ACNC reporting, grant compliance, financial statements, and bookkeeping for not-for-profit organisations.
Why Choose Trinity Accounting Practice
At Trinity Accounting Practice, we combine over two decades of experience with personal service. We support individuals, businesses, and not-for-profits with tailored solutions, cloud-based tools, and industry-specific expertise.
- Located at 159 Stoney Creek Road, Beverly Hills NSW 2209
- After-hours and weekend appointments available
- Specialised in childcare, construction, healthcare, retail, and more
- Certified Xero advisor with full cloud accounting support
- Serving clients since 2003 with consistent, reliable service
Book your free consultation today
Trinity Accounting Practice
Accounting Firm in Beverly Hills, Sydney
Phone: 02 9543 6804
Address: 159 Stoney Creek Road, Beverly Hills NSW 2209
Website: www.trinitygroup.com.au
Weekend and after-hours appointments available
Our Virtual CFO division, VCFO Australia, provides strategic financial management, budgeting, forecasting, and compliance support for growing businesses and not-for-profits.
Learn more about what we offer
Discover the industries we specialise in
Read more tax and accounting tips on our blog
Our mortgage brokerage division, Nexus Wealth Partners Pty Ltd, assists clients with home loans, refinancing, and business finance.
Disclaimer: Information provided on this website is intended as a general overview only and does not replace professional advice tailored to your personal circumstances.
