At Sarah McCarthy & Associates, we provide a full range of Taxation, Accounting, and Business Services, including:

Payroll Management & Bookkeeping

  • Single Touch Payroll compliance
  • Expertise across a broad array of accounting software packages including but not limited to:
    • Xero
    • MYOB Essentials
    • MYOB AccountRight
    • QuickBooks
    • Wave
    • Joiin
    • Receipt Bank

Software Training

We encourage our clients to take control of their own day to day bookkeeping. This empowers business owners to gain a deeper understanding of how their business is performing. We offer training for all bookkeeping and accounting functions, delivered in a format that works for the individual client – be it step by step written instructions, face to face on site training sessions or anything in between. Of course, if numbers really are not your area, we are happy to look after this side of things for you.

Business Activity Statements

Monthly or quarterly GST, FBT, PAYG and Fuel Rebate compliance reporting. Whether it is simply a review of your completed accounts prior to lodging your BAS, a basic cashbook preparation or undertaking full bookkeeping services to report to the Tax Office, we can offer the level of support you require.

Fringe Benefits Tax

Employers pay FBT on certain benefits they provide to employees and their associates and are required to lodge a Fringe Benefits Tax Return. We can provide support to businesses and individuals in this complex area, to ensure not only that all fringe benefits are being reported correctly, but also that your affairs are structured in a way that has the most favourable outcome for you.

Income Tax Planning

We keep regular contact with you throughout the year to ensure we are providing timely information, allowing you to make informed decisions within your business or personal finances. For us, being proactive in this area is imperative, so we can ensure that you are always informed about your expected tax position.

Compliance Reporting

With secure electronic lodgement to the ATO and extended lodgement dates, our client portal provides the option to receive and sign your documents online. We complete all required reporting to the ATO for various structures including:

  • Individuals
  • Partnerships
  • Trusts
  • Companies
  • SMSFs
  • Trusts
  • NFPs

Financial Statements

Regularly preparing a full set of financial statements for a business provides useful information about the results of operations over time and the financial position at a certain point in time. Financial statements are often required by third parties for various purposes such as obtaining finance, applying for a credit account with a supplier, reviews by potential investors or when you are looking to sell your business. We offer the preparation of Special Purpose Financial Reports and others for individual businesses and Consolidated Group Structures.

Business Advice & Management Accounting

  • Strategic business plans
  • Budgets and cash flow projections
  • Management reports
  • Financial structuring
  • Risk management
  • Data analytics and accounting software advice
  • Purchase or sale of businesses
  • Valuation of businesses and company shares
  • Planning and structuring prospectuses

SMA CFO

Many small businesses have their own internal Accounting and Finance staff, but simply cannot afford to employ a full-time Chief Financial Officer. We offer this as an outsourced service – providing your business with the peace of mind that another set of eyes are going over all the figures. Furthermore, if any of your Accounting and Finance staff wish to take annual leave and your business is left exposed, we can cover their duties to ensure there is no interruption to business.

Our Fees

Our fees have been tailored to meet the modest Tasmanian economic community in which we all operate. We can provide an estimate of charges for specific engagements or an anticipated annual fee if required. To assist with cash-flow, numerous clients also opt for a fixed fee service agreement – whereby a monthly fee covers all services as required, throughout the year.

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