"Peace of Mind" Tax Affairs for Individuals and empowering our small business owners to run a
smart & strong Business

We speak your language and strive towards enabling our clients 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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What a changed world we are living in as we all try to navigate the challenges arising from the current Coronavirus Pandemic, including protecting the health and safety of our friends and family, and the viability of our businesses, employment and investments.

The Christmas season is here! Festive celebrations, gifts and entertainment become common occurrences at the workplace during this time of year. However, most employers get a shock during the annual audit toward the end of the financial year, as they realise the overall cost of gifts and partying doubled up due to the Fringe Benefit Tax or FBT.

- PAYG and deductions for payments to workers
- STP and superannuation guarantee
- No CGT main residence exemption for non-residents
- ATO November 2019 bushfire assistance
- Security notifications for SMSFs

-  Super guarantee opt-out for high income earners now law
-  ATO recommends updating ABN details for natural disaster reasons
-  Reporting asset disposals for CGT
-  Government passes other superannuation legislation
-  Super Lookup 'status' will change if SMSF annual returns are late
-  Taxpayer liable for excess transfer balance tax despite commutations

-  $30,000 instant asset write-off
-  Federal Court provides clarification on the PSI rules
-  Deductions for a company or trust home-based business
-  ATO impersonation scam update
-  Using the cents per kilometre method
-  Measuring the integrity of the ABR

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