Not For Profit (NFP) Business Accountant Melbourne
While not-for-profit (NFP) organisations have different structures and aims to companies, there are nevertheless many similarities when it comes to how they operate, and the degree to which they are subject to regulation and need to be compliant with government legislation.
This means that NFPs require the services of professional accountants who are not only experienced in business accounting, but also have the specific expertise required by charities, sporting organisations, NGOs, professional associations and other not-for-profit organisations.
Not For Profit Accountants
Specialist Melbourne NFP Accounting Services
Moneytalks is very experienced when it comes to acting as an outsourced finance team for not-for-profit organisations, operating under the guidance of the CFO or another member of the management team.
In this way, our specialist tax and business accountants can provide your organisation with high quality, ongoing accounting services, such as payroll and bookkeeping, so that you are only paying for these sorts of financial services as they are required. Not only does this help to reduce your overheads (essential in the charity and volunteer sectors), but it also helps ensure compliance, as our team is always up to date with all current legislation.
At the same time, we can offer advice and guidance as required, and provide impartial oversight of your record keeping and how well your financial systems are operating.
We offer a variety of services that help charitable and volunteer organisations maintain proper oversight of finances and ensure compliance with the specific laws related to how such organisations must operate.
Our packages are flexible, and can be designed to meet your organisation’s specific needs and budget.
For instance, Moneytalks accountants can provide accounting reports to senior managers and/or the board at specific intervals or as required, and attend finance or audit sub-committee meetings (in person or remotely) at pre-determined times.
Moneytalks can also prepare annual financial statements in accordance with statutory requirements, and work with your auditors in the preparation of your Audited Financial Acquittal.
02.
Advice & Guidance
In addition, our team of highly experienced accountants can provide a range of additional services, such as advice and guidance on your specific tax obligations and exemptions as a NFP organisation, such as fringe benefits tax (FBT), GST, stamp duty and income tax.
03.
Strategic Financial Management
Beyond technical accounting services, we can also provide strategic financial management and other consultancy services to help consolidate your organisation’s finances.
CONTACT US
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19/20 prosperity street, Truganina, 3029 , Victoria
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Consulting: 03 7074 6608
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FAQs
Frequently Asked Questions
About Business Start-up Accounting
What Do Specialist Startup Accountants In Melbourne Do?
A specialist startup accountant in Melbourne can provide a range of services to help your business get off the ground. They can assist with bookkeeping and financial planning, helping you to establish a solid foundation for your business. They can also offer advice on taxation and compliance matters, ensuring that you are meeting all your obligations as a business owner. Specialist startup accountants can help you to navigate the often complex world of business regulations, helping you to avoid any costly mistakes.
If you are starting a business in Melbourne, or anywhere else in Australia, it is essential to seek professional advice from a specialist startup accountant. They can help you to establish your business on solid footing, and ensure that you are fully compliant in all tax matters.
When Should I Engage A Startup Tax Accountant?
Ideally, you should engage a specialist startup accountant before commencing business operations. This will allow them to help you establish your business structure and advise on the most tax-effective way to operate your business. They can also assist with the preparation of your business activity statements and tax returns, ensuring that you are meeting all your obligations come tax time.
How Much Will It Cost To Engage A Startup Accountant?
Fees for engaging a specialist startup accountant will vary depending on the services required and the size and complexity of your business. However, you can expect to pay anywhere from $500 to $5,000+ for comprehensive startup accounting services.
How Do I Know I’m Choosing The Right Startup Accountant?
When choosing a specialist startup accountant in Melbourne, it is important to select someone who has experience in working with startups. They should be able to offer advice on a range of business matters, including bookkeeping, financial planning, taxation and compliance. It is also important to choose an accountant that you feel comfortable working with, as you will be sharing a lot of personal and financial information with them.
Choosing the right specialist startup accountant can make all the difference to the success of your business. They can provide invaluable advice and support, helping you to avoid any costly mistakes. If you are starting a business in Melbourne, be sure to engage the services of a specialist startup accountant to ensure your business gets off to the best possible start.