Industries

Nobel Thomas is not your usual small accounting firm in Melbourne that mainly offers tax compliance services. Most of our clients who have been with us through the years are small, thriving businesses and family owned companies that have greatly benefited from our business advisory expertise.

If you are looking for a small accounting firm in Melbourne that specialise in helping companies grow their revenues and profits, talk to us. As we work alongside with you in growing your wealth, we also help ensure that your assets and best interests are well protected.

Through the years, aside from accounting and compliance services, we have acquired proven expertise in the following fields:

  • Business coaching
  • Benchmarking
  • Cloud accounting
  • Insurance, loans and mortgages
  • Financial planning

Our team is composed of highly proficient professionals with technical and industry specific skills that are designed to provide clients that strategic edge. With our in-depth knowledge in the following industries, we are able to effectively help business owners understand their business and what specific areas they need to work on:

Today, more than ever, technology plays an integral role in almost all aspects of businesses, including in the provision of accounting and business advisory services.

One of the key industries Nobel Thomas Accountants Melbourne specialise in include IT firms, specifically those that deal with the complex aspects that come with the digital media industry. Whether you are into software, outsourced services, applications and website development, interactive media and games – we have the expertise and experience to help you grow your business by functioning as your company’s accounting team.

If you are into the building business, then you are familiar with the challenges and competition in this particular industry. Aside from the physical demands that come in this line of work, careful planning and management skills are needed to oversee sub-contractor obligations as well as cashflow.

Nobel Thomas understand the long hours involved in this business, the travel requirement as well as the struggles that come in the administration and bookkeeping functions. Among the most significant financial obligations of a self0employed builder include BAS, GST and tax payments, among others. In our experience, many builders end up paying excessive amount of tax as well as exposing their companies to fines due to lack of understanding on how the industry works.

Technology improvements have brought accounting software to the door of nearly every kind of business, at a very reasonable cost. Unfortunately, software is not capable of doing all the necessary entries to keep an accounting system complete and accurate. This is especially true in the construction industry where accounting is not just a series of debits and credits, but rather a system designed to match income and expenses to the varying length and size of contracts.

In Australia, franchises are considered lucrative businesses with returns having an average of $81 billion per year. If you are planning to acquire a franchise, you are essentially investing in a brand or an established business, along with its processes, marketing and systems.

A lot of people make the mistake of thinking buying a franchise is like acquiring a business in a box, that you can simply “plug and play.” However, you will soon find out that there are a number of details that need to be ironed out along with legal red tape.

Over the years, Nobel Thomas have developed a specialised suite of services designed for the hospitality industry. With our extensive experience and expertise in this specific business environment, we can assure our clients we deliver more than accounting service. We function as a business partner committed to working closely, an easily accessible accounting department when they need us, any time of the year and not just during tax season.

As with all businesses, a manufacturing company uses a sequence of events known as an accounting cycle to prepare financial statements. Being a manufacturer brings some specific requirements, notably the need to use the accrual method in most cases, and the need to find a system to value inventory.

Nobel Thomas has over 20 years of highly specialised experience in the medical profession. We offer expertise in both your personal and professional financial affairs and understand all the challenges, risks and opportunities you face as you move through the different phases of your career.

From buy-to-lets to large property groups, the opportunities and pitfalls that affect your investment can result in very significant gains – or penalties.

Nobel Thomas act for a range of property portfolios including buy-to-let landlords, property investors, developers, housing associations and related businesses such as chartered surveyors, architects, consulting engineers and estate agents.

Every business, regardless of size or industry, is responsible for its own accounting to supply the financial information regulators require and keep tabs on its own performance and growth.

Small retail stores face several special accounting challenges, both in the form of a complex business and limited resources to devote to the accounting process. An accounting software is among the most convenient and cost effective ways for a small retail shop to manage its accounting in-house. Software packages that meet all of a small retailer’s basic needs sell for anywhere from $300 to more than $1,000 per year.

For more than 20 years, Nobel Thomas has assisted several hundred plumbers, builders, mechanics, carpenters and electricians with their accounting, tax and financial affairs. In fact, these trades have become real niches within our accounting firm in Melbourne.
Tradesman-bookkeeping

We appreciate the fact that the long hours and physical demands associated with the trades often mean bookkeeping and administration don’t get the attention they deserve. While GST, BAS and tax payments often represent some of the largest financial obligations for a business, many tradespeople struggle to manage their tax affairs.

How Can We Help You?

Need help with your taxes or you seek financial advice? Talk to us. Get in touch with our team of Melbourne Accountants at Nobel Thomas today. We generally reply to queries within 24 hours during weekdays.

Highly recommended. Mert is personable and trustworthy, experienced with entrepreneurs.

Grace Lai
Medical Professional

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