Accounting Solutions for Private and Family Businesses

Running a successful privately-owned enterprise in Australia presents unique challenges and demands. At Advanced Partners, we have years of experience working with such businesses, particularly family-owned ones, and understand the distinctive hurdles they encounter.

In addition to the typical business fluctuations, family enterprises often grapple with complex family dynamics affecting business decisions. We manage all business aspects of these ventures, addressing issues that may disproportionately impact operations:

• Inadequate succession planning or training for junior family members
• External investments diverting focus from core operations
• Weak governance and management systems
• Insufficient capital investment or financial support
• Conflation of business and family governance
• Lack of independent guidance or an equipped management team
• Generational transition planning, business coaching, and mentoring
• Family conflict resolution and objective external advice on family matters
• Assistance with creating family charters, forums, councils, and advisory boards
• Quick-response financial, accounting, and business advisory support
• Succession planning for family businesses

Our strength lies in building lasting relationships with our clients, fostering a deep understanding of their needs, especially for family businesses.

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Accounting Solutions for Construction and Property Developers

Operating a construction business is both potentially lucrative and significantly demanding. Balancing client deadlines, supply management, site safety, and workforce oversight can be a considerable challenge.

Effective fiscal management, such as cash flow and taxation, can mean the difference between your business blossoming or faltering. An experienced accountant who understands the financial landscape of your business can alleviate your tax worries and free up your time to focus on your business and personal life.

With a wealth of industry experience, Advanced Partners has been the trusted financial partner for construction firms in the suburbs of Melbourne, Sydney, Adelaide, Brisbane, Perth, offering comprehensive tax services and industry insights.

AN ARRAY OF SERVICES

We provide a multitude of accounting services for both businesses and individuals, including:

• Payroll and bookkeeping solutions
• Guidance on claiming motor vehicle expenses
• Preparation of income tax returns and key financial documents
• Advice on suitable record-keeping software, tools, and methods
• Equipment financing options
• Counselling on business sales and acquisitions
• Tax planning strategies
• Support for start-up businesses
• And a wealth of other support options.

Regardless of your business or contracting aspirations, we’re here to help with your accounting and taxation requirements. It’s common for builders, tradespeople, and businesses to grapple with software that’s more complex than their needs, leading to unnecessary confusion and wasted resources. We provide bespoke advice on record-keeping based on your skill level, business needs, and goals.

Curious about how we can assist you and your business with tax matters? Feel free to call us or send an email enquiry. Our team is ready and eager to answer any queries related to our services and scheduling.

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Accounting Solutions For Retail Businesses

Running a retail business is demanding, involving staff management, wage and superannuation administration, and adherence to numerous OH&S and compliance regulations. At Advanced Partners, we are well-versed in the financial challenges retailers face and provide expert guidance, technical expertise, and support for your tax and accounting needs.

ACCOUNTING SOLUTIONS FOR RETAILERS

Our offerings include:

• Financial guidance for start-up businesses
• Payroll and bookkeeping services
• Tax return preparation
• Tax planning strategies
• Assistance in selecting appropriate accounting software
• Tools to facilitate income and expense tracking and reporting
• Advice on business sale or purchase
• Guidance on claiming vehicle and transport costs
• Preparation and analysis of key financial documents.

CONSISTENT SUPPORT

As your business evolves, financial challenges may arise. Professional advice can keep your business aligned with your goals and facilitate positive growth. At Advanced Partners, we’re here to provide expert guidance as your business progresses.

Whether you’re launching a new retail business or aiming to elevate your existing one, reach out to us today.

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Accounting Solutions for Healthcare Professionals

The medical field can be incredibly rewarding yet significantly demanding. Juggling potentially long and irregular hours, staying updated with patient details, and handling on-call duties can be exhausting.

With your plate already full, tax-related stress should be the least of your worries. An experienced accountant can help lighten your tax load and manage your finances, providing you more time to focus on your career and personal life. Besides handling tax paperwork, accountants can also assess your expenses to optimize your tax payable or maximize your tax return, depending on your specific situation.

Advanced Partners have been a trusted financial ally for a spectrum of doctors and medical professionals in Melbourne for many years. Our dedicated team of accounting specialists focuses on delivering excellent service and support to all clients, be it an individual, small clinic, organization, or large business.

We extend our accounting services to a wide variety of medical professionals and roles, including:

• Patient Transport Service (PTS) Drivers and Ambulance Care Assistants
• Art Therapists
• Audiology Staff and Businesses
• Biomedical Scientists
• Chiropractors
• Counsellors
• Chiropodists/Podiatrists
• Dental Staff: Dentists, Hygienists, Nurses, Technicians, and Therapists
• Dieticians
• General Practitioners (GPs)
• Housekeepers in Healthcare
• Learning Disabilities Nurses
• Massage Therapists
• Mental Health Nurses
• Music Therapists
• Myotherapists
• Neurophysiology and Neurosurgery Professionals
• Osteopaths
• Pharmacy Staff: Pharmacists and Technicians
• Psychiatrists
• Psychologists
• Psychotherapists
• Practice Secretaries and Typists
• Speech and Language Therapists
• Sterile Services Management
• And many more in the medical field.

The team at Advanced Partners are ready to answer any questions you may have about our services or the accounting and taxation process. If you wish to book an appointment or have a query, please reach out to us today.

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Accounting Solutions for Accommodation, Restaurants and Hospitality Venues

The hospitality sector is under the constant scrutiny of numerous rules and regulations. We see it as our duty to keep our clients informed about these changes and their potential financial implications.

While our proficiency in financial analysis and strategy execution is crucial, it’s the versatile application of these skills that truly amplifies our productivity. Our expertise spans:

• Guiding business acquisitions, sales, and amalgamations
• Offering operation management advice
• Providing business and governance support
• Delivering specialist advisory and taxation services, such as business planning, cash flow forecasting, and working capital management

Having us by your side means you can concentrate on what you’re best at – ensuring customer satisfaction. Meanwhile, you can rest assured knowing we’re handling your financial affairs with precision and expertise.

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Accounting Solutions for Legal Professionals

The demanding nature of being a barrister or solicitor often leaves little room for personal time. Balancing exhaustive hours, staying abreast with fluctuating legal landscapes, and managing client cases could be overwhelming.

TIME FOR A BREATHER

With an already brimming schedule, taxes and accounting might be the last thing you want to grapple with. Leverage our accounting services to lighten your tax-related workload. This could result in claiming more of your expenses and also free up time to concentrate on your career and personal life.

DECADES OF EXPERIENCE DEDICATED TO CLIENT SUCCESS

Advanced Partners has been serving the accounting and tax needs of clients across Melbourne for years. We strive to build enduring client relationships, understand their unique situations and objectives, and help them meet their accounting needs.

COMPREHENSIVE SERVICES FOR NEW AND EXISTING BUSINESSES

Our diverse array of services cater to individuals and businesses of all sizes. Whether you’re steering an existing business or launching a start-up, we’re equipped to assist with all your accounting and tax obligations. This ranges from preparing specific financial documents and claiming expenses to handling your tax returns and more.

Feel free to reach out to us for any queries. The team at Advanced Partners is always eager to help answer your questions.

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Accounting Solutions for Manufacturing Companies

Our team at Advanced Partners has worked hand in hand with our clients, offering specialised accounting and management expertise. It’s this collaborative approach that has led numerous premier manufacturing firms to trust our services for generations. The advantage of partnering with a firm that understands the intricacies of the manufacturing sector is invaluable.

Our unique combination of passion, professionalism, and dedication have given several prominent Australian businesses the confidence to choose our services.

Manufacturing is one of the most complex industries, with constantly evolving competition, global trends, and competitiveness. Managing these changes can make or break companies, but we believe our extensive experience across various sectors and accounting challenges have guided many companies through difficulties and others to amplify their success.

Whatever the circumstance, Advanced Partners and our consultants possesses the knowledge and expertise to help you accomplish your goals.

We offer an array of services to help your company achieve its objectives, including:

• General accounting guidance
• Information technology assistance
• Regular management reports
• Detailed financial analysis and reporting, including profit and loss, balance sheet, and funds statements
• Cost of production analysis
• Precise cost accounting
• Lead time management
• Capital requirements assessment
• Tendering support
• Analysis of actual versus standard cost
• Identification of inefficiencies

Providing financial reports is just one aspect of what we do – it’s how we interpret this data and use it to implement strategic plans that truly underlines the value of Advanced Partners to your business.

If you have a question, don’t hesitate to ask us.

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Accounting for Marketing and Digital Agencies

Advertising agencies, marketing consultants, designers, and digital innovators represent one of the fastest-growing business sectors. They create brands, build websites, and orchestrate marketing campaigns.

At Advanced, we view accounting as a critical component in every digital agency’s strategic plan. It’s more than bookkeeping and tax preparation – it’s about paving the path for future growth and success.

Our tailored services include:

• In-house accounting for the Agency
• Streamlining the process for reconciling billable hours and preparing client invoices
• Project cost and profitability analysis
• Employee compensation consulting in diverse skillset environments
• Profit forecasting based on management and ownership goals
• Monitoring revenue and collection trends
• Identifying key metrics and benchmarking against competitors
• Support with ownership transition strategies
• Establishing best practices in financial reporting
• CFO business advisory and evaluation services
• Business valuations
• Planning for ownership transfer and succession
• Risk management, including insurance strategies
• Budgeting, forecasting, and performance reviews
• Customized financial reports on a monthly, quarterly, or annual basis
• Growth strategies, including mergers, acquisitions, and organic growth.

Our team is ready to assist your agency in navigating the financial landscape to drive growth and success. Contact us today.

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Accounting for Farmers and Primary Procucers

Running a farm is a demanding task, leaving little time for handling financial paperwork and tax issues. Professional accounting services can streamline your financial management, freeing up time for critical operations and personal life.

Advanced Partners offers services tailored for primary producers and farmers in Victoria. Our understanding of farm finance management enables us to provide effective advice and services for our clients.

MINIMISE TAX AND SAVE TIME WITH EXPERT ACCOUNTANTS

Our professional accountants have the industry know-how to manage your accounts efficiently, saving you time and money. We offer:

• Strategic tax reduction opportunities
• Income tax return preparation
• Equipment finance
• Employment compliance assistance
• Cash flow projections
• Tax planning strategies
• Liaison with farm consultants
• Record-keeping software advice
• Advice on equipment or property transactions
• Business growth strategies
• Support with drought and flood claims
• Assistance with government incentive programs
• Start-up advice
• Succession planning.

NEED ASSISTANCE WITH ACCOUNTING AND TAXATION?

Whether you run a small or medium-sized farm, our team at Advanced Partners can meet your tax, accounting, GST, and business advice needs. Reach out to us today for affordable, trustworthy services and advice.

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Accounting for Tech Companies

The tech industry is renowned for its swift, unpredictable changes. With developments over the past two decades bringing both risk and vast opportunities, navigating the best course forward can be complex. Despite the disruption, the fundamentals of good business remain the same.

At Advanced Partners,  our expertise, industry insight, and long-standing experience equip us to guide our clients through these evolving landscapes. We cater to a diverse range of businesses, including those in IT, big data, telecommunications, computer networking, software, and hardware development.

Moreover, the ever-growing regulatory framework in this sector necessitates adept management. Our extensive experience in this area enables our tech clients to stay one step ahead.

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Accounting for Trades and Service Sectors

In your trade or service business, your focus should be on meeting your clients’ needs, not getting overwhelmed by your own tax, accounting, and financial responsibilities. At Advanced Partners, we offer professional accounting services tailored to tradespeople.

Our clientele extends beyond traditional builders, plumbers, carpenters, and electricians. We also cater to a diverse array of other trades, including mechanics, renovators, cleaners, repairers, landscapers, and many more.

PERSONALISED SUPPORT

We’re here to streamline your accounting processes, whether your aim is to grow your business or simplify your personal finances and taxation. Many self-employed tradespeople inadvertently use complex accounting software that exceeds their needs, often leading to confusion and wasted resources. We advise on suitable software or methodologies that align with your needs and are easy to use, freeing up more of your time to concentrate on your work.

If you need a dedicated professional accountant to assist your trades business, please get in touch with us today.

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Accounting for Transport and Logistics Industry

Running a transport & logistics business is a multifaceted responsibility. It involves ensuring optimal staff performance, accurate wage and superannuation payments, and adhering to OH&S and compliance regulations.

At Advanced Partners, we comprehend the financial challenges faced by the transport and logistics sectors. We offer professional expertise, technical proficiency, and extensive support for your tax and accounting needs.

ACCOUNTING SERVICES WE PROVIDE

Our services for transport and logistics professionals include:

• Financial advice for start-ups
• Payroll and bookkeeping
• Income tax return preparation
• Tax planning strategies
• Guidance on accounting software selection
• Tools for income and expense reporting
• Advice on business sale and purchase
• Guidance on claiming vehicle and transport expenses
• Assistance with Fuel Tax Credits claims
• Preparation and analysis of financial documents and statements.

SUSTAINED SUPPORT

If you’re planning to change your business direction, you may face financial challenges. Professional advice and services can help your business stay aligned with your objectives and enable positive growth. Advanced Partners is here to provide expert accounting advice and services as your business evolves. Please reach out to us today.

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