BUSINESSES

Reduce tax and increase profits now.

 

For the best tax and business advice, ring and arrange an obligation free meeting to discuss the possibilities.

Want some help; some practical, down-to-earth, smart advice?

 

May Klye & Associates understand what you want, a straight-forward answer with no hedging. Whether it’s business planning, growth strategies, structuring, retirement advice or just some tax questions, we can draw on years of practical experience to provide the right answer for you.

For a considered second opinion on all matters, both financial and commercial, contact us. We are experienced in the provision of accounting and business management advice concentrating on regular reporting and analysis, in order to monitor progress and success.

BUSINESS TAX LEDGER

  • A file or printout of the full general ledger for the year containing all of the year’s transaction

  • Files that we can work on:

    • If you use MYOB, then a zipped MYOB file could be emailed to us. Please don’t forget to tell us the password

  • If you use another product, then an EXCEL spreadsheet of all the transactions in all the general ledger accounts

  • Failing that, a TXT or PRT file might do, although there may be significant work involved in reformatting the file

  • Some clients can give us direct remote access to their general ledger system via Windows Remote Desktop Connections

  • Files we can read:

    • If a computer readable file is not available then a PDF of the full general ledger would suffice

FINANCIAL STATEMENTS

  • Balance Sheet at the year end – for most the 30 June or 31 December

  • Profit & Loss Statement for the full year preceding the balance date – eg: 1 July to 30 June

  • Trial Balance as at the year-end date

  • Last year’s financial statements

WORKPAPERS

  • Depreciation schedule or fixed asset register showing details of all new acquisitions or disposals of assets

  • Schedule of Hire Purchase and Lease contracts, showing all the details of new or terminated contracts

  • Stocksheets for the year end stocktake

  • BAS returns lodged for the year

CASH AND SHARE INVESTMENTS

  • Bank statements with interest entered as at 30 June​

  • Bank reconciliations for each month end

  • Last bank statement for the year

  • Distribution, interest & dividend slips

  • Details of purchases and sales of investments

RENTAL PROPERTIES

  • Details of all rental properties

  • Rent received schedule

  • Property expenses schedule

  • Agent’s statements

​INTER-COMPANY LOAN ACCOUNT

MOVEMENTS SCHEDULE

EMPLOYEES

  • Wages summary

  • Superannuation

  • PAYG Payment Summaries

  • ETP certificates

  • Motor vehicle log books

EXPENSES

  • Bad debts written off

  • Donations

  • Entertainment schedule

  • Insurance schedule

  • Interest paid

  • Legal fees

  • Prepaid expenditure

  • Repairs & maintenance

  • Subscriptions

TRADE DEBTORS LISTING, INCLUDING POTENTIAL BAD DEBTS

TRADE CREDITORS LISTING

CREDIT CARD STATEMENTS

OPENING HOURS

Monday to Friday 9am - 5pm

314A Bay Road Cheltenham Vic 3192

Please call for an appointment 03 9585 7555

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