Professional services business accounting

PCG 2021/4 applies specifically to professional firms where income is generated from the provision of professional services. We help partners and principals interpret the guidance, assess risk ratings, and document commercial profit allocation methods that align with your firm’s structure and personal circumstances.

Effective cash flow management is vital for meeting tax and supplier obligations on time. We’ll help you track incoming and outgoing funds, ensuring you have the liquidity to pay GST, tax instalments, and wages without unnecessary financial pressure. Our goal is to help you stay compliant and in control throughout the financial year.

We implement strategies to minimise work‑in‑progress (WIP) days, improve debtor management, and ensure fee recovery through better scope control, billing discipline, and proactive reporting.

We design leverage models and set utilisation and recovery targets that protect margin and quality. Our focus is aligning staffing investment with cash flow and pipeline visibility.

From year‑end accounts to income tax returns, BAS/IAS and payroll tax, we coordinate your lodgements and keep you ahead of deadlines. We reconcile GST and PAYG instalments to actuals, manage franking and Division 7A touch points where relevant, and prepare partners’ or directors’ returns in line with firm distributions.

Whether you employ a small warehouse team or manage a larger operation, staffing and payroll compliance is essential. We assist with payroll reporting, superannuation obligations, and Single Touch Payroll (STP) compliance, ensuring your staff are paid correctly and your business meets all ATO requirements.

You have worked hard to build up the local community goodwill as well as furnish your premises, but what happens when the landlord decides not to renew the lease?

Owning your premises can provide long-term security, stability, and a valuable investment for your future. With the right structure, you could even use your superannuation to make it happen.

Did you know your super could do more than just sit there until retirement? With proper planning, your superannuation can help reduce your tax bill while also building your wealth for the years ahead. We’ll work with you to determine whether a Self-Managed Super Fund (SMSF) is the right strategy, and guide you through every step, from setup to property purchase with complete confidence.

If your super balance alone isn’t enough to get you where you want to be, don’t worry. We can help you explore alternative investment structures, including joint ownership or purchasing the property through your business. Whatever your circumstances, we’ll ensure you understand your options and create a clear path forward, so your money, and your hard work, continue to deliver long-term rewards.