Empowering our clients to run a
smart & strong Business

We speak your language and strive towards enabling our small business owners to

achieve their lifestyle goals and ambitions.


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What sets Bayside Business Accountants apart from other accountants?

We provide accounting, auditing and taxation services, and we have a dedicated and highly skilled group of professionals ready to help you navigate Australia’s complicated tax system.

Our mission is to provide the best outcomes for our clients, provide a challenging and rewarding environment for our staff and to give something back to the community we live and work in, through sponsorships and pro-bono work.

Explore Our Services

We are a proactive and innovative accounting and business advisory firm providing accounting,
taxation and other services for small business and other clients.

 

Individuals

We can provide advice on asset protection, estate planning, family tax benefits, salary sacrifice and anything else related to employee income

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Business

Asset protection can be a very important component of a business structure to protect you and your family’s assets.

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Property Investors

Property investment has become very popular in recent years with a larger percentage of the population purchasing a property to rent.

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SMSF

Bayside Business Accountants are accredited SMSF specialists and can provide advice on compliance or establish a new fund for you.

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Read More Business Matter Articles

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It is no secret that insufficient and poorly managed cash flow can cripple even the most profitable businesses. According to a new study from Wakefield Research, commissioned by Intuit Australia, small businesses in Australia have lost opportunities worth $5.8 billion due to inadequate cash flow. It is essential to take control of your cash flow to keep your business going even during a turbulent phase.

September 2019 Practice Update covers following points:
- "Outrageous" deductions rejected
- ATO guidance regarding incorrect ENCC determinations
- ATO watching for foreign income this Tax Time
- The ATO hits the road
- Motor vehicle registries data matching program protocol

Financial management is no child’s play, especially when your business is still taking baby steps in the volatile market. Inadequate cash flow and haphazard finances can cost you dearly, taking your business back to square one. That’s the reason why you need to iron out your finances early on to survive, thrive and flourish in a fiercely competitive business world.

August 2019 Practice Update covers following points:
- Tax cuts become law
-  ATO "puts the brakes" on dodgy car claims
-  Private health insurance statements now optional
-  ATO rates and thresholds
-  ATO Data Matching Program: HELP, VSL and/or TSL debts

July 2019 Practice Update covers the following points:
- 'Cash in hand' payments to workers no longer tax deductible.
- Uber drivers not employees.
- Making a Division 293 election.
- ATO targeting false laundry claims.
- Lifestyle assets data matching program.
- Tax time tips for small business.
- Fixing incorrectly issued excess NCCs determinations.
- Car parking threshold for 2020 FBT year.
- Trustee obligations on the ATO's radar: TFN reports.

A good strategy to reduce tax payable is normally to accelerate any income tax deductions into the current income year, which will reduce overall taxable income in the current year.

Please review our checklist so you know what documents you will need for completing your 2018/19 tax return. 

June 2019 Practice Update covers following points:
- Single Touch Payroll Update
- Employees and payment summaries
- Cryptocurrency data matching program
- Tax office to double audits of 'dodgy' rental deductions
- Paying super to backpackers
- New rules for immediate write-offs

The transaction and use of cryptocurrency in Australia are evolving rapidly. If you’ve bought, sold or even traded using cryptocurrency, you have a tax obligation to retain records. Here are a few essential tax tips that you need to consider if you have made a profit by trading in cryptocurrency:

- Changes to the small business instant asset write-off.
- Tax scammer alert.
- Non-complaint payments to workers.
- What’s new for Australian business.