Comprehensive Accounting Service
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1 Comprehensive Accounting Service Businesses, Superannuation, Personal Tax Financial Statements + Tax Planning + Budgets and Forecasts = Comprehensive Accounting Service A Progressive Accounting Practice
2 Abby Practice Accounting ABBY PRACTICE is a Hornsby based firm of Accountants and Business Advisers that is rapidly becoming the firm of choice for more and more growing businesses. Business Owners appreciate the way the professional accountants at Abby Practice take time to listen and understand their business before giving expert advice. Abby is a progressive, entrepreneurial practice which can contribute ideas to help you to improve your business. All of our work is undertaken in our local office in secure conditions, in accordance with ATO and the Institute of Chartered Accountants regulations, so you can be reassured of the highest possible standards. Over the years Abby Practice has been really helpful for us especially when Sid advised us to set up a SMSF and buy the business property we re in. Not only can we ring Sid anytime but he s very proactive and suggests improvements rather than being reactive as some accountants have been in the past. Sid initiates better outcomes for us, which is fantastic. Steve Lyon, Lyon Technics Pty Ltd
3 Our professional team of accountants specialises in giving business owners much more than annual accounts and tax returns. We make it our priority to get to know you and your business so we can give you professional insights into the true financial nature of your business and assist with management, growth development strategies and wealth protection ideas. Abby Practice provides a full accounting service we will attend to all of your accounting needs efficiently and cost effectively. We also provide a very cost effective bookkeeping service for those business owners who wish to outsource that aspect of their business. In order to succeed and grow, a business needs proper cash flow management. Your bankers take a keen interest in your cash flows and it is vital to any growing business that this important aspect of your business is properly managed. At Abby Practice we have the tools and systems to assist you to manage this essential aspect of your business. Comprehensive Accounting Practice Abby Practice provides a comprehensive professional accounting service to businesses. Accurate and timely financial information is crucial to effective decision making and planning. The Abby Practice accounting service includes: > Preparation and lodgement of your Annual Tax Return with the ATO > Ensuring your business complies with GST requirements > Preparation and lodgement of your BAS Return > Ensuring you keep the required records and meet your PAYG requirements for the ATO > Maximising of tax deductions and minimising of fringe benefits tax > Assistance with cash flow planning and management > Advice on arranging time to pay tax obligations with the ATO, if required > Advice on effective tax structures Business Workshops Leading a small business requires continued learning and that s why at Abby Practice we run a series of business planning workshops for our clients. The first Tuesday of every month, you can come along to learn from topics such as Writing a Business Plan, to Sales and Marketing or Year End Tax Planning. Not only is it a great opportunity to learn but also a chance to network with other business owners. > Advice on staff superannuation requirements Whether you have a company, trust, partnership or are a sole trader, we will provide you with the right advice to meet your taxation obligations. Bookkeeping ASIC Requirements BAS Returns Comprehensive Accounting Services Budget and Forecasts Financial Statements Tax Returns
4 Growing Your Business We can help you: > Set budgets > Project future growth Growing your business is challenging. Acquiring more customers is one thing, but managing cash flow and financial performance are equally as important. It is much easier for business owners to make the right decisions when they have independent professional advice along the way. This is where Abby Practice really comes into its own. > Monitor your progress Our Business Planning and Business Performance Monitoring service examines your business and identifies where you can improve your business financial performance. We have sophisticated diagnostic tools to track your results and detect and analyse trends. Simple changes such as setting objectives and monitoring progress can make a big difference to the financial health of your business. The Abby Practice Business Planning service Imagine your business finally returning the financial rewards you have strived for. We can help make it a reality! can support you in management and growth. We offer annual, quarterly or monthly management meetings to assist you in reviewing and understanding your financial reports to make decisions and establish priorities for the forthcoming business period. > Create cash flow forecasts > Control expenses > Plan to achieve your business objectives > Protect your wealth Taking part in our Business Planning and Business Performance Monitoring service is the first step towards creating an aspirational business. Sid is a wonderful person to deal with open, approachable and helpful with advice. The rest of the team are friendly and ready to answer all types of questions from a new business owner! R Lindsay, Engaging Potential Pty Ltd
5 Exit a Business Many of us struggle with planning for our future. It is important that you consider how you wish to exit from your business. We at Abby Practice can give you peace of mind, helping you address the many issues that arise when exiting from your business. We can help you with: Succession Planning > Succession Planning is about planning for a smooth transition as you leave your business. You may wish to handover to family members, sell your business or wind it up. Abby Practice will help you plan for this event successfully. We will provide advice about how you can take steps to make your business valuable without depending on you working in it day to day. Business Sale and Valuation > Selling your business can be personally difficult. We will work with you to ensure you receive the best price for the sale of your business. Most importantly, we can help you to structure the sale ensuring that you pay little or no capital gains tax thereby retaining as much of your hard earned profits as possible. Estate Planning and Administration > Taking care of our loved ones when we are gone is worth planning for. Estate planning ensures your assets are identified, documented and distributed according to your wishes and with minimal taxation consequences. Get the Right Advice at the Outset
6 Bookkeeping Bookkeeping for small business can be very time consuming it may be too much to do yourself yet not enough to employ a full time bookkeeper. Our bookkeeping service is cost effective so that business owners can focus on growing their businesses instead of paperwork. Find Out More An initial consultation is free so it will cost you nothing to discover how you and your business can benefit from the accounting expertise at Abby Practice. Contact us on to set up a time to meet or if you would like further information. We provide MYOB services, Quickbooks and also cloud accounting services in applications such as Xero. Our bookkeeping service includes: > Accounts Receivable > Accounts Payable > Payroll A Valuable Sounding Board > Bank Reconciliations > BAS Returns > Monthly Profit and Loss Statements > Monthly Balance Sheets We can come to your premises or work from ours when it comes to bookkeeping. Either way we will ensure your accounts are up to date and that they correctly reflect your business financial position. Some business owners who employ a bookkeeper, use Abby Practice's bookkeeping service for holiday periods when their bookkeeper is away.
7 Our Principal Sid Edwards is the Principal and CA at Abby Practice, having been practising for over thirty years both in corporate roles and in private practice. Sid thrives on working with business owners to optimise the results achieved in their businesses. Sid is best known for his caring approach as well as taking time to listen carefully to client requirements and then giving clear and easy to understand expert advice. Sid s team loves working for him and describe him as a kind and genuine man who has a calm and considered approach to problems. A good accountant works with you to achieve the best result for you Sid seems on top of the affairs of his business, yet is unstinting with his time and this is how any client feels it should be. Certainly a pleasant, genuinely caring accounting professional. Angus D
8 Businesses SUPER PERSONAL TAX A Progressive Accounting Practice Abby Practice Accounting Services Pty Limited Chartered Accountant Suite 702, 90 George Street, Hornsby 2077 PO Box 2016 Hornsby Westfield NSW info@abbypractice.com.au
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