How It Works

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How It Works

Clients can choose an accounting package that best suits their requirements. A written proposal will then be prepared detailing the services to be performed and an estimated pricing structure based on record keeping and information provided by the client. 

Accounting packages include:

Basic Package

This package is focused on the end of year compliance requirements and includes:

  • Preparation of business financial statements
  • Preparation of business and personal tax returns
  • End of year meting and discussion with accountant to discuss recommendations
  • Review of client database and allocations.

Standard Package

This package is not only focused on the end of year compliance but also the tax planning and strategic management of the business. It includes:

  • Preparation of business financial statements
  • Preparation of business and personal tax returns
  • Help with preparation of record-keeping and BAS lodgements during the year
  • Preparation of interim review and tax planning before end of financial year
  • Meeting with accountant to discuss interim review and end of year tax returns
  • Review of client database and allocations
  • Recommendations to improve business performance and compliance requirements.

Premium Package

This package is focused on the net wealth and future direction of the client with the guarantee that all compliance and tax planning requirements are performed. It includes:

  • Preparation of business financial statements
  • Preparation of business and personal tax returns
  • Help with preparation of record-keeping and BAS lodgements during the year
  • Regular management meetings throughout the year to ensure business performance and management is meeting expectations (quarterly)
  • Preparation of cash flow budget to review budget vs actual
  • Preparation of interim review and tax planning before end of financial year
  • Preparation of personalised balance sheet summarising net wealth and help with future forecasts
  • Compliance work and advice on Self Managed Superfund's
  • Recommendations to improve business performance, compliance requirements, net client wealth  and manage risk strategies. 

Ascent Accountant’s offers client the ability to pay for the estimated future pricing structure using our monthly direct debit service. We can take payments from your bank account or credit card each month to avoid lump sum payments once the work is finished. This helps clients manage their cash flow.

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