Accounting & Tax
Asparq has the expertise and experience to look after all of your accounting and taxation needs. From incorporation, bookkeeping and software set-up, to data processing and payroll, our comprehensive services benefit businesses in every industry.
Talk to us about training your staff, preparing or reviewing your BAS, lodging compliance documents throughout the year, or just providing assistance when you need us. Many of our clients engage us for monthly management accounts and management meetings where we not only monitor your figures but also provide valuable planning and coaching. We can also assist by liaising with your financial lenders, developing budgets and cash flows, and helping you set strategies and future plans.
However you decide to draw upon our experience, you can trust us to provide specialist advice in all areas of commercial business and finance.
How can we assist your business?
What is the correct structure for setting up a new business? We can provide advice on whether you should consider establishing a company, a discretionary trust, a unit trust, a partnership or as a sole trader?
Each of these structures has a different outcome from a taxation, asset protection and personal liability viewpoint. We consider your plans and your individual circumstances when setting up the business structure that is right for you.
Bookkeeping, Payroll, and BAS Preparation
This service facilitates the timely preparation and lodgement of Business Activity Statements (BAS). Many clients take responsibility for lodging their own BAS, while some clients enjoy a full preparation and lodgement service.
Our bookkeeping staff and accountants are experts in the field world of cloud bookkeeping including payroll processing.
Xero, MYOB and Quickbooks Online all enable efficient bookkeeping and accounting records to be maintained in a cloud environment. This process allows year-end tax and accounting obligations to be completed quickly and cost effectively. In addition, live data provides an opportunity for better monitoring and decision making in a business environment.
Talk to our expert staff about choosing and running the best cloud accounting software for your business.
Company, Trust and SMSF Set-Up
Asparq is registered as an ASIC agent. We also have close relationships with service providers who can efficiently provide the relevant legal documentation for establishing new entities.
Our service includes the arrangement of tax file numbers, ABN and GST registration, and WorkCover and PAYG registration if applicable. We can also provide assistance when changes to legal documents are required.
Company and Trust Secretarial Services
New and existing businesses need to consider a wide range of secretarial matters with numerous statutory authorities.
Asparq offers a full range of services including company searches, checking the availability of names for businesses (and then registering the names), company and personal name searches, preparation and lodgement of ASIC documents relating to changes in company details, annual ASIC company statements, and maintenance of company and trust registers.
In most cases, the principle of ‘buyer beware’ applies when acquiring an existing business from a third party. In order to reduce the risk associated with these transactions, it is important to conduct appropriate due diligence to ensure that all relevant matters are disclosed before making a decision to proceed.
Our team includes professionals with decades of experience in assisting clients with these matters. We have the expertise required to properly investigate and report on proposed business transactions so that an informed decision can be made.
Occasionally, a business will require a forensic accounting service. This may be because of a suspicion of fraud or a breakdown in systems that necessitates a construction of accounting records.
Our experienced senior professionals can provide the high-level of expertise needed to give our clients confidence during this time.
Buying and Setting Up a Franchise
Buying a franchise business is very different to buying any other type of business, as franchising is an industry with its own legislation and specific financial issues.
We have provided advice to potential buyers in relation to hundreds of franchise systems. We can help you to make an informed decision about the purchase of a franchise business and the best structure to use. We can also provide ongoing business, accounting and taxation advice.
If you are setting up as a franchisor, you will require the expert assistance of accountants, lawyers, consultants and other professionals. We can provide the specialised accounting, financial and strategic advice required to help successfully set up your franchise system.
Many business owners only consider the performance of their business once a year when they receive annual financial statements. This can result in outcomes that should normally be known much earlier.
By using more efficient technology such as cloud accounting, we regularly help our clients through analysis and regular reports on business performance including any issues or trends that may require attention. We can periodically meet with our clients to discuss areas of concern and to consider changes that will lead to an improvement in overall business performance.
How much should you pay to acquire a business? What is a fair price and what conditions should be considered when buying or selling a business?
As our team has years of experience in various industries, we can prepare expert valuations and advice which will help you to answer these important questions with confidence.