BLUE ORCHID ACCOUNTING
Small Business Accountant Central Coast
- Positive Reviews & Testimonials
- Competitive Rates
- Wide Range of Services
Comprehensive Services, Trusted Solutions
Blue Orchid Accounting provides company tax and accounting services for businesses across the Central Coast. Services are available to a wide range of business types, including new entities, established companies, and those undergoing structural changes. The focus is on supporting businesses with their day-to-day accounting requirements, helping them meet ongoing reporting and record-keeping obligations under current legislation.
Support is available for a variety of routine accounting tasks, including:
- Choosing software suited to business transaction recording
- Recording GST-related transactions on a quarterly or monthly basis
- Setting up tax invoices with the correct layout & required billing details
- Managing employee payroll & allocating superannuation contributions
- Tracking asset purchases & recording ongoing business expenses
- Maintaining up-to-date records for end-of-year financial reporting
Additional assistance may be available depending on the structure and needs of the business.
For more information or to arrange a consultation, contact Blue Orchid Accounting on
1800 008 664 or submit an enquiry.
Tax Solutions For Your Business
The team at Blue Orchid Accounting will review your requirements and provide support with taxation and reporting obligations relevant to your business. Services include the preparation of periodical financial reports such as balance sheets, profit and loss statements, asset registers, and other documents that outline the financial position of your entity.
Support is available for a range of business structures and includes:
- Guidance on applicable rules & laws that apply to your entity, including the Constitution or Articles of Association
- Assistance with registering for an Australian Business Number (ABN), Goods and Services Tax (GST), & Pay As You Go (PAYG) withholding, where required
- Support with annual statutory reporting obligations to the Australian Securities & Investments Commission (ASIC), the Australian Taxation Office (ATO), & the Department of Fair Trading
To discuss your requirements or request further information, contact Blue Orchid Accounting.
Capital Gains, GST & More
Business accounting services at Blue Orchid Accounting cover a range of reporting and compliance tasks suited to various business structures. These services are designed to support accurate financial reporting and assist with obligations required by the ATO and other regulatory bodies.
Included services:
- Information on allowable deductions & the requirements for claiming eligible business expenses
- Assistance when selling or disposing of a business asset, including relevant reporting obligations
- Support with Capital Gains Tax & applicable Small Business Concessions, depending on eligibility & structure
- Preparation & lodgement of Business Activity Statements (BAS), covering GST (cash or accrual basis), PAYG instalments, & other required components
- Preparation & submission of company tax returns, including dividend schedules, franking account details, & associated financial data
- Guidance on trust account setup based on reporting needs or operational structure
These services are available to support routine business activity, structural changes, or specific events requiring financial reporting. For more information, contact Blue Orchid Accounting.
Our Other Services
Since 2011, Blue Orchid Accounting has provided a wide range of accounting and taxation services to clients across the Central Coast. Services are available for individuals and businesses seeking support with reporting, compliance, and financial record-keeping. The scope of work extends across various structures and client types.
In addition to working with businesses and individuals, Blue Orchid Accounting also provides services for:
Each service is adapted to the structure and reporting obligations of the client. Support is available for both routine accounting tasks and more specific requirements, including lodgements, record preparation, and compliance assistance.
Additional resources can be accessed through the website, including a range of useful links and news articles. These sections include current information on taxation, financial updates, and relevant developments for clients across the Central Coast.
To make an enquiry, contact Blue Orchid Accounting on
1800 008 664.
FAQ
What does a business accountant do?
A business accountant assists with financial and compliance tasks required by Australian businesses under state and federal laws. This includes preparing and lodging tax returns, managing Business Activity Statements (BAS), keeping financial records, and providing reporting on income, expenses, and payroll. A business accountant may also help with setting up accounting software, advising on record-keeping methods, and preparing financial statements such as balance sheets and profit and loss reports. Some also assist with company formation, ABN and GST registration, PAYG instalments, and ASIC compliance, depending on the business structure and industry. Their role is to support business operators in meeting their financial reporting obligations accurately and on time.
What is the difference between a business accountant and a bookkeeper?
A business accountant typically focuses on tax compliance, financial reporting, and advising on accounting systems or structures, while a bookkeeper is more involved in the daily recording of financial transactions. Bookkeeping tasks include entering sales, purchases, receipts, and payments into accounting software and reconciling bank statements. An accountant may use this information to prepare financial statements, submit tax returns, and review financial performance. While both roles can overlap, particularly in small businesses, they serve different functions. In many cases, a business may use a bookkeeper for day-to-day transactions and a business accountant for higher-level financial reporting and compliance tasks.
Do I need a business accountant if I use accounting software?
Using accounting software such as Xero, MYOB, or QuickBooks helps automate many financial tasks, but it doesn’t replace the need for accurate tax reporting and compliance. A business accountant can work with the data from accounting software to prepare and lodge tax returns, check financial records for accuracy, and help businesses meet their obligations under Australian tax law. They can also identify any reporting issues or missed obligations, assist with more complex matters like asset depreciation or capital gains, and advise on how to record income and expenses in line with ATO requirements. Accounting software is a useful tool, but it still requires setup, maintenance, and review to be effective.
