Accounting, BOOKKEEPING, tax and compliance | Canberra

Making life easier for small business owners.

 
 

Accounting, tax and compliance

Making finance easy for small business owners.
Do what you do best, and we'll take care of 'the rest.'

  • 'I've got all the time in the world to learn the tax ropes,' said no small business owner ever. We know tax can be baffling. We translate 'tax talk' into plain English so you'll be across everything you need to pay and everything you're entitled to claim.

    We take care of everything with an acronym like GST, FBT, CGT, PAYG, BAS, TPAR, STP and PAYG*, and everything without one, including:

    • Financial statements and income tax returns (for sole traders, partnerships, companies, trusts, and superannuation funds)

    • ASIC compliance and management

    • Tax audits Peace of mind at tax time and beyond

    Trust us with your tax accounting, and breathe easy knowing you're:

    • Safe from scary surprises

    • Receiving every legitimate deduction

    • Completely compliant without having to get your head around ever-changing tax rules

    • Boosting your business with a solid tax management plan built on tested strategies and current advice

    Get fast relief from tax headaches and more time to run your business.

    Sort my tax ›

    NOTE: *Goods and Service Tax (GST), Fringe Benefits Tax (FBT), Capital Gains Tax (CGT), Business Activity Statement (BAS), Taxable Payments Annual Report (TPAR), Single Touch Payment (STP). Pay As You Go (PAYG)

 

Business setup and growth

Wherever you are in the lifecycle of your business, we’ll help you grow, kick goals, and keep promises.

  • Solid foundations for startups

    • Choosing and implementing your optimal business structure

    • Installing your tailored accounting system and training you to ace it

    All the information and support you need to set up and start trading.

    Smooth transitions for established businesses

    • Repositioning or inventing to survive and thrive in challenging times

    • Planning for and selling your business

    • Planning for succession and business exit, and estate management

    Sustainable growth for businesses of all ages

    • Reviewing your budgeting and cash flow to make sure they’re more than meeting your expectations

    • Lifting ambitious business plans off the page to make the most of growth opportunities and sidestep pitfalls

    • Improving your business systems and transitioning to cloud-based accounting 

    Grow your business with powerful, proactive support from astute, approachable humans. They also happen to be ace accountants, brilliant bookkeepers and switched-on business advisors who care about numbers and you.

    Grow my business ›

 

Business admin and bookkeeping

Starting your business for fun, profit and changing the world comes with a whole lot of 'back office' stuff you didn’t sign up for but must get done. 

  • We know these tedious tasks fog up your brain and clog your day, but this stuff matters.
    We take care of your Compliance, Reporting and Paperwork. Your books are beautifully balanced. Nothing gets missed.

    • Transaction management

      • Capturing the tax data in every transaction - so you never miss a deduction

      • Verifying your suppliers' bills - so you never pay more than you should

    • Payroll and compliance
      Lose zero sleep over ever-changing awards and complex reporting requirements.

      Rest assured we’re paying your staff correctly and on time. Take care of your team and protect your reputation.

    • Reporting
      BAS, monthly reports, budgeting, EOFY reporting. Relax knowing:

      • all your reporting ducks are in a row

      • your books are up to date, and

      • you have a clear, accurate picture of how your business is travelling.

    Business Street's flush with the savviest administrators and bookkeepers in the business. We'll beaver away on those tedious, time-consuming tasks while you get on with building your brilliant business.

    Be my back office ›

 

Business supervision

Business Street have your back and keep you accountable for enduring everyday success.

  • There are loads of ways we’ll do this. Here are our clients’ top five:

    • Lead your strategic planning to set ambitious but doable KPIs

    • Become your virtual CFO saving one of your key team members some serious brain space and a big chunk of hours

    • Manage your debtors, so you get paid correctly and on time

    • Monitor your cash flow, so you know how you’re tracking and what (if anything) needs adjusting

    • Manage and minimise your business risks with impeccable asset protection and tax planning

    Besides keeping a sharp eye on your KPIs and finances, we’ll mentor and motivate your team.

    Keep me accountable ›

 

Cloud accounting

Technology is transforming small business operations .... in a good way.

  • Modern accounting software streamlines bookkeeping and business management in ‘The Cloud’.

    Business Street's certified geeks help you choose and install the perfect version of accounting software for your business. Then the fun begins.

    We train you to be confident and skillful. If you slip up, we'll be there in a flash to fix glitches. And, we’ll do updates, so your systems grow with your business.

    Whether your business uses Xero, MYOB, QuickBooks, or Excel Spreadsheets, we’ll be here to help.

    3 Top reasons to base your business in The Cloud

    • We've got your back in real-time.
      We can see what you see. Shared, real-time access to your financials means zero missed opportunities, payment deadlines, or hints of trouble brewing.

    • Run your business on the run.
      Get fingertip access on your trusty mobile devices. Monitor accounts and balances, dispatch that invoice, save that receipt, and enjoy that café coffee.

    • Choose painless payroll.
      Trade manual data entry for automated payments and tax updates, and get' big picture' payroll snapshots anytime. Comply with the ATO’s ‘Single Touch Payroll (STP)’ mandate and make payroll headaches history.

    Get me onto that cloud ›

 

Financial services for individuals

We’re dedicated to making a difference for anyone wanting to build firm financial foundations and grow their wealth.

  • Looking for a long-term financial partner who can:

    • Complete and lodge compliant tax returns that claim every available offset

    • Advise you about tax implications on investment opportunities, including rental property, shares and cryptocurrency

    • Set goals, create the budgets to achieve them and help you stay accountable

    We’re here.

    Figure out my finances ›

Business Street FAQs

 

  • You’ll find every imaginable form of support for your small business in one welcoming place.

    We’re with you for the long haul
    We never set and forget you. We’re constantly taking the pulse of your business so we can help you stay competitive and compliant. We’re always across trends and traps. You’ll never miss a chance to enhance your operations and grow your business. Besides that, our expert know-how will help you sidestep pitfalls and avoid costly mistakes.

    We know our stuff, and your stuff
    We’ve all been small business owners. We know exactly what it takes to build a successful enterprise and sustain it through wobbly times. You’ll be looked after by experts who know first-hand just how much courage, resilience, optimism, and self-belief it takes to succeed in small business.

    We'll take care of the tedious jobs
    And train your team to do the absorbing and fun stuff like feeling at home at keeping your data in the Cloud and having the confidence to make strategic decisions and take carefully calculated risks to evolve and grow your business.

    More about us

  • We offer business owners and individuals a free 30-minute initial consultation. This kickstart conversation helps us understand you and your goals. It’s also a great way for you to find out how we work and the range of support we offer.

    Book a free consult

  • If you're in Canberra, we’d love to visit your business. Site visits help us understand what makes your business tick. We’d also be delighted to meet your team.

    If you don't have a business, we can still come to you.

    Talk to us about our flexible meeting options.

    Invite us to your place

  • All our costs are agreed upfront, so there are no scary surprises at a later date!

    We package and price our services competitively to save you time, stress, and money. Business Street walks the talk. We can tie our fees to the success of your business.

    Ask about our fees

  • Absolutely yes! And we’re a whizz at it.

    Come for a free initial consult. Tell us why and how you’re setting out on your great adventure. Once we’re across your business goals and the resources you’ve gathered to get going, we’ll support you to set up the safest and soundest structure for your business.

    We organise your ABN and TFN, register you for GST and recommend trustworthy, skilful services for marketing and financing your business.

    If you’d like us to take care of your bookkeeping, payroll, and tax accounting, too, just ask.

    Our certified geeks are at your disposal if you need help choosing, installing and getting to grips with top accounting and business software. They’ll have you up to speed before you can say ‘cloud accounting.’ In short, Business Street will guide and cheer you through every stage of your business lifecycle.

    Launch your business

  • Our bookkeepers are MYOB and Xero specialists. They’re highly credentialled and super experienced. They know precisely what your accountant needs and deliver impeccable BAS every time and on time.

    Brilliant BAS bookkeeping is a thing of beauty and a cure for reporting headaches.

    Sort my BAS

  • We’re not licenced financial planners. However, we’ll refer you to your ‘best fit’ accredited professional from our network. They’ll be a trustworthy, empathetic expert who will give you the advice and support you need.

    Who do you know?

  • We have established relationships with respected banks and finance brokers.

    We’ll refer you to someone you can trust to help you choose the right loan, and assemble and complete all the documentation to secure the funds.

    Find my funds

  • We’re all about trust, open communication, and genuine rapport, so yes, we can help you change your small business accountant. We’ll make it super-easy too.

    Book a free appointment to discuss your business and why you’re keen to change your accountant.

    Choose us to take care of your accounting and support you to grow your business, and we’ll partner with you every step.

    Talk to us

  • If we can't fix it immediately, we'll talk to the ATO to let them know we are on the case and try to get a little extra time to submit your return.

    In most cases, we can lodge your return within a few weeks, but we’ll need your help:

    • Provide all the information we need

    • Answer our questions speedily

    We’ll work as fast as possible to complete and lodge a complete and comprehensive return that claims every eligible deduction. Sound fair?

    If we can't fix any issues immediately, we'll talk to the ATO to let them know we’re on the case and try to get a little extra time.

    Lodge my overdue return

  • Our three top tips are:

    • Automate intelligently by customising one of the key accounting software to fit your business needs and consider moving your data into the Cloud

    • Outsource your bookkeeping or hire an in-house ace who can keep your finances in fine order

    Get advice before you make big financial decisions or make significant changes

    Let’s talk cost-effective accounting

  • Yes, we can. Small business is our jam.

    We’ll support you to

    • Put down firm foundations by choosing the best business structure and finding appropriate funding if needed

    • Establish efficient, human-centred business processes using top technologies finely tuned to fit your business

    • Take care of your tax accounting to keep you compliant in an ever-changing tax law landscape

    • Keep your books in brilliant order to give you peace of mind

    We’re always on hand to answer questions, troubleshoot glitches, discuss what’s next and make it happen.

    See our services

  • Most of our clients use Xero or MYOB. We’ll help you make the right choice and customise and install the software to work smoothly for your business. We’ll also train your team to be confident, autonomous users.

    Let’s talk software

  • Absolutely. Thanks to the wonders of cloud accounting, your accounts are visible in real-time from anywhere.

    As long as you have an internet connection, we can help you. We’ll phone you too so we can connect and chat things over.

    We have clients across Australia, so this is nothing new for us.

    Talk to us about remote support

Here for makers, movers, shakers
and groundbreakers.

Want all-around impeccable accounting and business support?