TJD Accounting Services Helps Businesses Mitigate Compliance Risks and Achieve Lasting Growth

August 18, 2021 - PRESSADVANTAGE -

TJD Accounting Services, a company based in Essendon, Victoria, Australia, is happy to announce that they can provide business consulting, planning, accounting, and taxation advice to clients, helping them to achieve lasting growth and mitigate compliance risks in their businesses. They can offer advice to those who are planning to establish a new business. They will assist the business person by reviewing the business plan and determining the most appropriate tax structure for their particular situation. For existing businesses, they can provide accounting and bookkeeping and other services. More information about the company can be gleaned from https://www.google.com/search?client=firefox-b-e&q=tjd+accounting#lpstate=pid:1706380098787431440.

Business consulting for those planning a new business is important because of the various needs of a business, such as asset protection. They will guide the entrepreneur in choosing among the different ways to minimise risk, such as: locking in interest rates; increasing lending limits when the business is profitable for future draw down if needed; trusts; stand alone investment loans not secured to a home or other investments; cash on hand; private assets transferred to the spouse or partner with the least risk; landlord insurance; income protection insurance; preparation of wills; and prenuptial agreements.

They can also help with copyrights, intellectual property protection, and trademarks. There are actually many ways to protect intellectual property and the chosen strategy should be integrated into the business plan. In some situations, getting the product to reach the market fast is more important than patent protection, but in other situations, registration may be critical to the success of the business. They can offer advice and the business owner will decide.

Taxation is, of course, an important consideration and TJD Accounting Services can help a business owner that wants to outsource accounting or bookkeeping tasks with a range of solutions. And they can help with income tax planning, structuring, and reporting. They can provide a variety of advice on business and personal tax effectiveness, including fringe benefits tax (FBT). With their extensive consultation process, they’ll come up with a clear plan for implementing structures that will minimise the business’ overall tax position and offer asset protection. This is especially important in those situations where there have been changes in personal circumstances (for instance: overseas relocation, marriage, retirement etc), where the business owner is projected to receive a large taxable income or when preparing his or her estate plan. More about the company can be obtained from https://www.google.com/search?client=firefox-b-e&q=tjd+accounting#lpstate=pid:5723190374008459953.

They can also help businesses with strategic planning and business advice. They will work in partnership with the business owner, to really understand the business and its goals, in order to establish and advise on the proper strategies to use in attaining business growth. Strategic planning offers a clear direction for the business through the identification of the objectives for each particular critical area and determining the actions for delivering them. They can also provide help with the creation of the business’ vision, identifying those factors that differentiate the business from competitors and help in the implementation of the well thought-out business strategic plan.

With regards to tax planning and returns for business, TJD Accounting Services can help through an extensive consultation process that will provide detailed insights into effective planning for achieving asset protection and tax minimisation. This is of critical importance because tax is a key influence on business profitability. Their team of professionals have extensive experience in the preparation and filing of Business Activity Statements and Tax Returns. They can also help with FBT, GST, and PAYG returns, including the preparation of employee summaries.

TJD Accounting Services has more than 40 years of experience and they specialise in offering their expertise in business, taxation, and accounting. Their service areas include Essendon, Moonee Ponds, Ascot Vale, Niddrie, Pascoe Vale, East Keilor, Strathmore, Keilor Park, Tullamarine, Airport West, and Cambellfield.

Those who are interested in learning more about the business services offered by TJD Accounting Services can check out their website at https://tjdaccounting.com.au/services/for-businesses/, or contact them on the phone or through email. They are open from 9:00 am to 5:30 pm, from Monday to Friday.

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For more information about TJD Accounting Services, contact the company here:

TJD Accounting Services
Dominic Murphy
+61 3 9379 4040
admin@tjdaccounting.com.au
319 Keilor Road
Essendon, VIC 3040
Australia