Accounting
.jpg)
.jpg)
When you are busy managing the ins and outs of your business, it is not always practical or effective to have a dedicated internal resource to manage the accounting function and complete all statutory obligations of a business.
Whether you are short on time, resources or experience, you may find it more beneficial to have the fresh perspective and expertise of an accounting team to manage essential tasks on your behalf such as:
- Prepare monthly management accounts
- Ensure all of your external reporting obligations have been completed
- Comply with statutory obligations in a timely and accurate manner
- Achieve administrative efficiencies, cost savings, quality and consistency
- Focus key resources to develop your core business
- Make informed decisions based on reliable information
- Accurately monitor cash flows, profitability and reduce end of financial year adjustments
- And perhaps most importantly, free up your time to focus on your core business and servicing your clients.
How can MGI help?
Our accounting team is able to offer clients an extensive selection of processing, reporting and compliance solutions to support their business. We can also facilitate an initial review of the business or a "business health check" to ensure that the functions of your business are in order so that you can focus on the future ahead.
MGI's objective is to let our clients get on with running and building their business while we support them by compleing all reporting and statutory obligations in an efficient and effective manner.
Our accounting services we can provide your business include:
Establishing and setting up your business
- Assisting companies wishing to establish and operate in Australia
- Registering your company and ensuring compliance with local tax authorities
- Payroll assistance
- Establishing internal accounting processes
- Budget and cashflows
- Bookkeeping services
Taxation and Statutory Obligations
- Preparation of Business Activity Statements
- Preparation of Instalment Activity Statements
- Preparation of Income Tax Returns
- Employment registrations, payroll processing and tax returns
- Workers compensation
- Preparation of Fringe Benefit Tax Returns
- Preparation of financial statements in accordance with Australian Accounting Standards
- Manage the accounting role for local and parent company reporting
- Periodic management accounting and reporting
- Reporting in specific formats for consolidation in parent entity accounts
- Cashflow management
- Development of internal policies and procedures
- Development of Key Performance Indicators and Benchmarking
Company Secretarial
- Corporate Register maintenance
- Lodgement of relevant documents with the Australian Securities and Investments Commission (ASIC)
- Liquidity management and working capital reviews
- Lodgement and payment of federal and state taxes including income, goods and services, payroll, stamp duty, land tax and workcover insurance
- Breakeven analysis, profitability and product line reviews
- Identification of grants and assistance
- Bench marking against industry sector performance
Analysis and Interpretation
- CFO duties for entities who don’t need a full time CFO
- High level interpretation and analysis of reports
- Evaluation of business practises
- Advice on capital raising and strategic alliances
- Advice on cost-cutting and business process reviews
- Asset management