Does PremierOne offer tax accounting services for small businesses?

YesPremieroOne’s well-trained accountants, CAs and CPAs assist small and medium enterprises across Australia. We serve individuals, companies, trusts, partnerships, sole traders, small businesses and more.

Do you offer tax accounting services outside of Melbourne?

Yes. Though we are located in Melbourne, we offer tax accounting services throughout Australia.

What is the cost for accounting and tax services?

Our costs vary depending on our clients’ requirements.Book your FREE 15-minute CPA consultation to learn more.

Why do I need an accountant?

A good accountant does more than just prepare taxes and financial statements. They become your business mentor. Alongside their primary accounting responsibilities, they will guide you in reducing costs and utilising your finances efficiently for the growth of the organisation. They deeply analyse, interpret and convert financial data into actionable business intelligence. Accounting services include tax planning, business consulting and personal financial advice.

What locations do you offer your tax accounting services in Australia?

We are located in Melbourne but work with clients Australia-wide.

How experienced are your accountants?

PremierOne is a leading tax accountancy in Australia with a team of highly-experienced and dedicated tax experts. The average experience of each of our tax accountants ranges from 10 to 40 years.

Consult with an external Accountant or Bookkeeper for my small business?

Some small business organizations may have an in-house Accountant/Bookkeeper, but that they may not have experience overcoming a particular challenge or achieving a particular goal (such as systems design, raising capital, etc.). A Virtual CFO may consult with or advise the existing Accountant to elevate the performance of their financial team, elevate overall financial strategy, and transfer valuable skills.

How can financial forecasts help my small businesses?

For small businesses, forecasts serve a variety of purposes, including budgeting, fundraising, analysing the health of a company, projecting growth, restructuring and more. This information helps you to achieve your long-term goals.

Can small businesses claim for work-related expenses during tax returns?

PremierOne helps small businesses navigate which work-related expenses can be claimed.

What payroll software do you recommend for small business owners?

PremierOne offers payroll services across multiple platforms. For small and medium enterprises we recommend Xero or MYOB.

Can you support small businesses working from home?

Yes. At PremierOne, though we are located in melbourne we offer online services throughout Australia for medium and small businesses for all tax & accounting needs

What advice do you have for small business owners looking to retire?

The key to early retirement is good succession planning. A realistic and achievable plan will help you make a transition out of your small business. Our expert team can assist in with all legal obligations and documentation.

Can you help small businesses if they haven't filed tax returns for 5+ years?

Yes. PremierOne supports small businesses who are behind in their tax filing.

Can you help small businesses correct issues in their tax returns?

Yes. We help small businesses to correct any issues that occurred in their previous tax returns.

Can clients reach out after hours in cases of emergency?

Yes. We accept calls outside of working hours in cases of emergency.

What is full cycle accounting?

Full cycle accounting refers to the complete process of recording, managing, and closing a company’s financial accounts over a given accounting period—typically monthly, quarterly, or annually. Our accountants are highly trained and highly efficient across all of these.

What is GAAP in accounting?

GAAP (Generally Accepted Accounting Principles) are standardized accounting rules and guidelines used to prepare and present financial statements accurately and consistently.

What is the Accounting Cycle?

The accounting cycle is the step-by-step process of recording, processing, and closing financial transactions during an accounting period, ending with financial statements.

What is accrued income revenue in accounting?

Accrued income (or accrued revenue) is income that has been earned but not yet received or invoiced by the end of the accounting period.

What is accrued income journal entry in accounting?

An accrued income journal entry records income earned but not yet received. It typically debits Accounts Receivable and credits Revenue.

What is the difference between accrued and outstanding in accounting?

In accounting, accrued refers to income or expenses recognized before cash is received or paid, while outstanding usually refers to unpaid liabilities or obligations still due.

What is accrued revenue in accounting?

Accrued revenue is income earned for goods or services provided but not yet invoiced or received by the end of the accounting period.

Is Accrual accounting part of accounting services offered by Premier One?

Yes. All our accountants have expertise in accrual accounting and it is a part of our accounting services.

Should I add interest accrued in bank to accounts for filing tax?

Yes, interest accrued in your bank account should be included as income when filing your tax return, even if it hasn’t been physically received yet.

What is duality in accounting?

Duality in accounting refers to the principle that every financial transaction affects at least two accounts—one debit and one credit—keeping the accounting equation balanced.

Do you assist with correcting or resolving past accounting issues?

Yes, we assist in reviewing and correcting past accounting issues to ensure your financial records are accurate, compliant, and up to date.

PremierOne: The Trusted Accounting Firm Near You in Melbourne, VIC

Looking for the best accountant near you in Melbourne? Look no further! As a devoted small business accountant, PremierOne offers complete accounting solutions made specifically to address the special requirements of every industry, including wholesale and retail companies.

Using our solid foundation in accounting and financial management, we help you navigate the challenges of running a small business, freeing you up to concentrate on what you do best—growing your company.

Thanks to the dedication of our team of qualified professionals to providing accurate and dependable accounting services, your financial records will always be current and in compliance.

Why is PremierOne the best accountant near me? Here's why:

Learn about the advantages of working with the best accounting firm in your area. Get in touch with PremierOne right away for a consultation, and let us help you realise the full potential of your business.

Why Should you choose PremierOne’s Accounting Services? Streamline Your Finances with Expert Accountants

Small Business Taxation Expertise: Our staff of highly qualified tax accountants has in-depth understanding of Australian small business taxation. We are aware of the unique tax requirements that apply to wholesale and retail enterprises. With our experience, we offer precise and trustworthy advice to assist you in making decisions about taxes.
Proactive Tax Planning: As the best accountants near you, we tackle tax planning in a proactive manner. Our small business tax accountants collaborate closely with you all year long, looking for chances to reduce your tax obligations and maybe save money.
Compliance and Reporting: Our tax accountants are knowledgeable about the tax compliance needs for small businesses, including tax filings, BAS statements, and superannuation duties. We make certain that your retail or wholesale operation complies with all the filing deadlines and maintains a good standing with the tax authorities.

Deductions and credits: As skilled wholesale and retail accountants, we carefully examine your company’s operations to find any deductibility opportunities. We make sure that you take full advantage of any relevant tax benefits by utilising our industry expertise.
Audit Support: Having professional support is essential in the event of a tax audit or review. Our tax accountants for small businesses have a great deal of expertise working with tax authorities. Throughout the audit process, we offer direction, representation, and support to make sure your rights are upheld and any potential tax repercussions are kept to a minimum.
Support All Year Long: We are aware that tax issues can occur at any time of the year, not just during tax season. We provide support throughout the year as your dependable accountant. Our small business tax accountants are here to assist you with tax-related questions, to advise you on business transactions, and to provide ongoing tax planning throughout the year.

Accounting Services - FAQs

Tax Accounting
General Accounting

Does PremierOne offer tax accounting services for small businesses?
YesPremieroOne’s well-trained accountants, CAs and CPAs assist small and medium enterprises across Australia. We serve individuals, companies, trusts, partnerships, sole traders, small businesses and more.
Do you offer tax accounting services outside of Melbourne?
Yes. Though we are located in Melbourne, we offer tax accounting services throughout Australia.
What is the cost for accounting and tax services?
Our costs vary depending on our clients’ requirements.Book your FREE 15-minute CPA consultation to learn more.
Why do I need an accountant?
A good accountant does more than just prepare taxes and financial statements. They become your business mentor. Alongside their primary accounting responsibilities, they will guide you in reducing costs and utilising your finances efficiently for the growth of the organisation. They deeply analyse, interpret and convert financial data into actionable business intelligence. Accounting services include tax planning, business consulting and personal financial advice.
What locations do you offer your tax accounting services in Australia?
We are located in Melbourne but work with clients Australia-wide.
How experienced are your accountants?
PremierOne is a leading tax accountancy in Australia with a team of highly-experienced and dedicated tax experts. The average experience of each of our tax accountants ranges from 10 to 40 years.
Consult with an external Accountant or Bookkeeper for my small business?
Some small business organizations may have an in-house Accountant/Bookkeeper, but that they may not have experience overcoming a particular challenge or achieving a particular goal (such as systems design, raising capital, etc.). A Virtual CFO may consult with or advise the existing Accountant to elevate the performance of their financial team, elevate overall financial strategy, and transfer valuable skills.
How can financial forecasts help my small businesses?
For small businesses, forecasts serve a variety of purposes, including budgeting, fundraising, analysing the health of a company, projecting growth, restructuring and more. This information helps you to achieve your long-term goals.
Can small businesses claim for work-related expenses during tax returns?
PremierOne helps small businesses navigate which work-related expenses can be claimed.
What payroll software do you recommend for small business owners?
PremierOne offers payroll services across multiple platforms. For small and medium enterprises we recommend Xero or MYOB.
Can you support small businesses working from home?
Yes. At PremierOne, though we are located in melbourne we offer online services throughout Australia for medium and small businesses for all tax & accounting needs
What advice do you have for small business owners looking to retire?
The key to early retirement is good succession planning. A realistic and achievable plan will help you make a transition out of your small business. Our expert team can assist in with all legal obligations and documentation.
Can you help small businesses if they haven’t filed tax returns for 5+ years?
Yes. PremierOne supports small businesses who are behind in their tax filing.
Can you help small businesses correct issues in their tax returns?
Yes. We help small businesses to correct any issues that occurred in their previous tax returns.
Can clients reach out after hours in cases of emergency?
Yes. We accept calls outside of working hours in cases of emergency.

What is full cycle accounting?
Full cycle accounting refers to the complete process of recording, managing, and closing a company’s financial accounts over a given accounting period—typically monthly, quarterly, or annually. Our accountants are highly trained and highly efficient across all of these.
What is GAAP in accounting?
GAAP (Generally Accepted Accounting Principles) are standardized accounting rules and guidelines used to prepare and present financial statements accurately and consistently.
What is the Accounting Cycle?
The accounting cycle is the step-by-step process of recording, processing, and closing financial transactions during an accounting period, ending with financial statements.
What is accrued income revenue in accounting?
Accrued income (or accrued revenue) is income that has been earned but not yet received or invoiced by the end of the accounting period.
What is accrued income journal entry in accounting?
An accrued income journal entry records income earned but not yet received. It typically debits Accounts Receivable and credits Revenue.
What is the difference between accrued and outstanding in accounting?
In accounting, accrued refers to income or expenses recognized before cash is received or paid, while outstanding usually refers to unpaid liabilities or obligations still due.
What is accrued revenue in accounting?
Accrued revenue is income earned for goods or services provided but not yet invoiced or received by the end of the accounting period.
Is Accrual accounting part of accounting services offered by Premier One?
Yes. All our accountants have expertise in accrual accounting and it is a part of our accounting services.
Should I add interest accrued in bank to accounts for filing tax?
Yes, interest accrued in your bank account should be included as income when filing your tax return, even if it hasn’t been physically received yet.
What is duality in accounting?
Duality in accounting refers to the principle that every financial transaction affects at least two accounts—one debit and one credit—keeping the accounting equation balanced.
Do you assist with correcting or resolving past accounting issues?
Yes, we assist in reviewing and correcting past accounting issues to ensure your financial records are accurate, compliant, and up to date.

Our Blogs

Tax Accounting and Compliance Melbourne: Complete Corporate Guide

Safeguard your Victorian enterprise with strategic Tax Accounting & Compliance…

Fractional CFO Services Melbourne: Executive Financial Leadership on Demand

Scale your Victorian business with strategic fractional CFO services Melbourne…

Small Business Bookkeeping Melbourne: Essential Practices for Growth

small business bookkeeping melbourne, xero bookkeeper victoria, payroll services melbourne,…

Clients love our exceptional Business Accounting Service!

Good Expertise on tax laws in Australia Maru's expertise helped cleared a lot of my questions and his patience ensured I understood the concepts and tax laws.

Jaidyn Lai

Best Tax accountant near me Mr.Maru was extremely thorough with the entire tax return process and ran me through all the requirements. He made sure I received all my entitled returns for the tax period. Will definitely be doing my taxes with Premierone Accounting in the upcoming financial years :))

Jayabharathi Prabakar

Informative and friendly tax accountant near me in Australia Mr. Maru was very helpful, informative and friendly throughout the whole process. Any questions asked very answered thoroughly and my needs were processed very efficiently. Thank you!

Kapila Prabakar

Premierone - Best Concern for tax returns near Melbourne Excellent communication from the team at PremierOne Tax and Accounting when preparing my Tax Return this year.

A V

Helpful in tax returns. Got highest amount back. PremierOne was very helpful in getting my tax returns done very quickly and got the highest amount back as well they are the best.

Actavia Heath

Highly recommend for tax accounting services after second time tax filing This is the second time I have filed my tax returns through Premiere One. Maru is prompt, friendly and supportive. He goes through our documents in detail and ensures the tax returns are filed without any further hassle. Highly recommend!

Raja Koushik

Professional tax expert near melbourne - Recommended for tax and accounting services in Australia I recently lodged my tax returns with Maru. He is professional and knows what he does! Would definitely recommend him for any tax and accounting services. Thanks Maru for your efforts!!

Priya Sathish

Highly recommend for tax return in melbourne. It was very easy and quick for our first visit, I will be going back for my next tax return, I highly recommend, see you soon. thanks for your help and advise. Thanks again Mr. Maru, Keep it up.

Deleela Arul

Appreciate PremierOne team for awesome tax work. They are the Perfect Tax Agent near Melbourne. A perfect and awesome tax agent.. my messy job was complete with fast and unexpected time... good job PremierOne Team. A million thanx and Appreciate.