Business record keeping
These are the basic financial requirements of any business and Savage and Savage can help you establish record keeping systems that are both efficient and cost effective.
Goods and Services Tax (GST) advice
GST is a tax and is mentioned earlier but we can help you meet your legal requirements in what can be a complicated taxation environment by giving specialist advice on:
- Sale and Purchase of goods advice (property, plant etc)
Preparation of Annual Accounts
Annual accounts give you a “snapshot in time” of your business. This snapshot is an important way of watching trends in your business. Because the snapshot is taken on the same day each year you get a picture of your business that is not clouded by seasonal trends or other regular issues.
The Annual Accounts will highlight a number of things about your business. These are not always obvious so we encourage our clients to understand their Annual Accounts and learn about various ratios and what they mean. This is all part of understanding the financial health of your business.
It is relatively straight forward to calculate wages and PAYE for your staff however we are finding more and more businesses need help managing the complexities of Holiday Pay and Annual Leave.
At Savage & Savage we can prepare your weekly or fortnightly payroll for you and maintain accurate Holiday entitlement records. This is a very cost effective service for small business owners who may not be able to justify investing in specialist payroll software.