Accounting For Tradesmen

So you consider yourself a smart operator when it comes to offering your professional services, may it be plumbing, electronics, carpentry, landscaping or whatever type of trade you may be in.

However, aside from ensuring customer satisfaction, you are also faced of an equally challenging task of keeping your books in order. Some tradies forego the need to hire a Melbourne accountant or small accounting firm Melbourne and opt to pursue a DIY approach.
However, for most, sooner or later they realise that hiring the services of a Melbourne accountant or small accounting firm Melbourne will actually save them money in the long run and help them establish a more solid financial future.

How A Melbourne Accountant Can Help?

Australian Business Number (ABN)

You need to secure this from ATO or the Australian Taxation Office. Your Melbourne accountant or small accounting firm Melbourne can help you obtain one.

GST

This generally depends on how much money you earn in a year. If you believe your invoice will go over $75,000 annually, then you are required to register for GST, which is best secured through your Melbourne accountant or small accounting firm Melbourne.

Bookkeeping

Most Melbourne accountant or small accounting firm Melbourne will also offer bookkeeping services. It is important that you keep your books in order to avoid headaches in the future. The key consideration here is to hire a bookkeeper and a Melbourne accountant or small accounting firm Melbourne that understands your trade as well as the industry you are operating in.

Keep in mind that bookkeeping is more than just data entry. In the same way, accounting is more than just about filing taxes. With a reliable and seasoned Melbourne accountant or small accounting firm Melbourne, you can bank on solid and expert financial advice that can help you grow your business.



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