Our Services

Accounting Hands specializes in accounting, taxation and business consulting services for small and medium businesses including helping business to obtain Australian Government grants and intensives such as Research and Development (R&D) tax incentive and Export Market Development Grants (EMDG) Scheme. With office in the heart of Parramatta, Accounting Hands offers accounting, taxation and consulting services throughout the Western Sydney.

Tax Return and Tax Planning

  • Tax return of individuals, companies and trusts
  • Will provide you the best tax refund
  • Help you to take full advantage of all tax offsets and reliefs you are entitled to
  • Help you to plan and optimize your future tax

Tax Return

Government Incentives

  • Research and Development (R&D) tax incentive: This is a significant tax incentive provided by the government to promote research, innovation and development of new technology and products. This is managed through AusIndustry and ATO. We will liaise with both AusIndustry and ATO to prepare and submit your R&D cliam.
  • Export Market Development Grants (EMDG) Scheme: The government offers up to 50% reimbursement of export promotion related expenses.
  • Early Stage Innovation Company (ESIC): if you invest in a qualifying early stage innovation company (ESIC), you may be eligible for tax incentives.

Financial Planning and Coaching

  • Preparing budget and forecast
  • Cash flow and working capital management
  • Strengthening internal control environment and process improvement (tailor made for small business)

Business startup and registration

  • Advice on type of business entities that suits your circumstances
  • Register a range of entities including partnership, trusts and companies
  • Preparing business planes for new business and helping to arrange business financing including business loans.

Bookkeeping/ Payroll/ Cloud Accounting

  • Xero or any other accounting software setup and customisation
  • Preparing budget and forecast
  • Invoicing and receipts allocations and debtors management
  • Accounts payable
  • Payroll including payment summaries
  • Bank reconciliation
  • Superannuation
  • Workers compensation
  • BAS and IAS preparation/ lodgement and liaison with ATO if needed
  • Month end process and GL reconciliations
  • Monthly/ quarterly/ annual reports (P&L, cash flow, working capital, revenue analysis, variance analysis)
  • End of financial year reconciliation and preparation of tax return

Training and virtual CFO services

  • Virtual CFO service
  • Tailor made MYOB and Xero training
  • Cash flow and financial literacy training to proprietors and directors
  • Microsoft Excel training
  • After training follow-up

We also do Home Loans

Oz Home Finance