Why FACS

 

Why Choose First Choice Accounting Services?

First Choice Accounting Services will not only help you to set up your business, but as an Accredited ASIC Agent, will also keep your business on track and maintain all the important registers.

Your business will go through many stages throughout its life.  Tax planning is a crucial aspect of any striving business and our qualified accountants at First Choice Accounting Services make it a priority to plan for each step.

We believe it is important to sit down with you at least once a year to plan for your businesses future.  We know the importance of strong cash flow and it is imperative as a business owner to know the difference between good business spending and not so good business spending.  Our accountants are passionate about strengthening your business and helping it to grow at a steady pace.  We are trained to recommend when to spend money and when to save it for that all important rainy day.

When you feel it is time to sell your business, it is crucial that you first sit down with your accountant and discuss your options and any possible implications that may arise from the selling.  Our senior accountants at First Choice Accounting Services are experienced and qualified in all aspects of business sales. We can guide you on the choices you have and also provide a business valuation based on your business within the current market.  It is important that you always seek professional advice before you make these decisions and our staff are here to guide you.

We Are Here For You

On July 1 2000 the Australian Government introduced the Goods and Services Tax (GST) and with that came the introduction of the Business Activity Statements (BAS). Whether you are a sole trader, a partnership or a company registered for GST purposes, a  BAS (quarterly, monthly, or yearly) needs to be lodged with the Australian Taxation Office.

Our trained accountants are proficient at preparing and lodging all required information for your BAS and can guide you on how to best support your business and its growth.  At First Choice Accounting Services, we strive to incorporate business planning in all aspects of the day to day running of your business.

When you choose First Choice Accounting Services as your accountant, we can help to prepare and lodge your BAS each quarter.  As we learn your business, we can help you to make guided and informative choices to prepare your business for end of financial year tax return purposes.

As your business grows, you may start to feel the strain and choose to enlist employees to help grow and maintain your businesses services.  At First Choice Accounting Services, we are dedicated to helping you prepare for the next phase in your businesses future.  Our trained and qualified accountants make it a priority to keep up to date on all tax legislations and requirements relating to employees.

When considering hiring employees for your business, there are a number of things that you need to think about:

  • •   PAYG Registration and Payments
  • •   Superannuation and Super Stream Compliance
  • •   Workcover
  • •   Employment Contracts
  • •   End of Financial Year Payment Summaries

 

At First Choice Accounting Services, we are here to help you through these new and un-chartered waters so that your business can continue to grow and achieve its goals.

The accountants at First Choice Accounting Services are trained and capable in many different accounting software packages, including;

  • •   MYOB – Practice Partner
  • •   Reckon – Partner (Quickbooks)
  • •   XERO
  • •   Cashflow Manager
  • •   Handitax

What We Do

It is important that you have the correct software in place to help manage the needs of your business. Whilst all accounting software packages are similar, your business will have individual needs that may vary between each product. Our senior accountants know many of the different aspects of the different accounting packages and can guide you to making a choice that will suit the needs of your business and its growth.

Whilst First Choice Accounting Services doesn’t offer in-house bookkeeping services, we are closely associated with multiple local small business qualified and licensed bookkeepers and BAS Agents.  Often it will be more cost effective for your business to use one of our recommended bookkeepers to help prepare your end of financial year paperwork in preparation for your tax return and, as the saying goes, two sets of eyes are better than one.

At First Choice Accounting Services, we know the importance of following the stringent guidelines set out by the Australian Taxation Office for operating your own Self Managed Superannuation Fund.  Our accountants are trained in using several different software packages, including Class Super, to streamline your SMSF end of year accounts, making the mandatory annual tax return process faster and saving you money at the same time.

We work closely with multiple teams of financial planners who can provide advice to you based on your own personal situation.  At First Choice Accounting Services, we strive to find the best support for you and your own individual situation.  When we work with you and your Self Managed Superannuation Fund, we make sure that all relevant documents and audits are processed and submitted to the ATO on time to avoid additional fees and penalties.  We make it our priority to keep up to date with all new and current rulings and regulations to provide you with our best practice knowledge.

 

Frankston Accountants

First Choice Accounting Services is a Certified Practising Accounting Firm (CPA) experienced in all aspects of accounting.  

Our commitment to finding the best solutions for your accounting and taxation needs are what should make us your First Choice.

 

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Contacts

  Email us at: reception@fcas.net.au

   03 9708 2688

   03 9708 2788

   Unit 12, 10 Lakewood Boulevard, Carrum Downs 3201

   150 Station Street, Koo Wee Rup 3981