top of page

Accounting & Bookkeeping

At JJ162 Chartered Accountants, we understand that accurate accounting and bookkeeping are the backbone of any successful business. Our accounting and bookkeeping services are meticulously designed to meet the unique needs of Australian businesses, from startups to established enterprises. We recognize that maintaining accurate financial records can be overwhelming, especially for business owners focused on growth and operational efficiency. That’s where we come in.

Our services include comprehensive bookkeeping, where we handle day-to-day financial transactions such as sales, purchases, receipts, and payments. We ensure that all entries are recorded in compliance with Australian accounting standards, allowing you to have an accurate view of your financial situation at any time. Our experienced team conducts monthly reconciliations to verify the accuracy of your accounts, ensuring that your records align with bank statements and other financial documents.

In addition to regular bookkeeping, we also prepare Business Activity Statements (BAS) to keep you compliant with the Australian Taxation Office (ATO). We ensure that all GST obligations are accurately calculated and reported, minimizing the risk of penalties or audits. Our aim is to provide you with peace of mind, knowing that your accounting is in expert hands.

Our team utilizes the latest accounting software to enhance efficiency and accuracy.

 

We can provide training on these tools, ensuring you and your staff are well-equipped to manage your financial records. Moreover, we offer tailored reporting services that allow you to gain insights into your business performance through regular financial reports. This includes profit and loss statements, cash flow statements, and balance sheets, all customized to your business needs.

A key benefit of our accounting and bookkeeping services is our commitment to client collaboration. We believe that understanding your business is crucial for delivering effective financial solutions. Our accountants will work closely with you to understand your specific challenges and objectives. Whether it’s monitoring cash flow, preparing for tax season, or providing strategic financial advice, we tailor our services to support your goals.

By outsourcing your accounting and bookkeeping to us, you can focus on what you do best—running your business. We help eliminate the stress associated with financial record-keeping and compliance, allowing you to allocate more time to strategic initiatives that drive growth. Additionally, our proactive approach means we stay ahead of potential issues, ensuring that you are always prepared for any financial challenges that may arise.

In summary, our accounting and bookkeeping services are designed to provide you with a solid foundation for financial success. We combine expertise, technology, and a client-centered approach to ensure that your financial records are accurate, compliant, and insightful. Let us handle your accounting needs, so you can focus on building and growing your business with confidence.

2

Tax Planning & Compliance

Navigating the intricacies of Australian tax law can be daunting, especially as regulations evolve and change. At JJ162 Chartered Accountants, our tax planning and compliance services are designed to help individuals and businesses maximize their tax efficiency while ensuring full compliance with the Australian Taxation Office (ATO) regulations.

Our tax experts bring a wealth of knowledge and experience to the table, providing you with tailored strategies to minimize tax liabilities. We start by conducting a comprehensive review of your current tax situation, including income sources, deductions, and potential credits. This holistic approach allows us to identify opportunities for tax savings that may not be immediately apparent.

We emphasize proactive tax planning, which means we don’t just react to tax obligations as they arise; we help you plan ahead. Our team works with you to establish clear financial goals, ensuring that your tax strategy aligns with your overall business or personal financial objectives. This includes examining aspects such as income splitting, capital gains tax planning, and superannuation contributions to optimize your tax position.

One of the critical components of our service is ensuring compliance with the myriad of tax obligations you may face. This includes preparing and filing your income tax returns, ensuring that all necessary documentation is in order and submitted within the ATO deadlines.

 

We stay updated on the latest tax legislation changes and rulings, ensuring that your tax strategy is both current and compliant. Our team also conducts regular reviews of your tax position throughout the year, allowing us to adjust strategies as needed based on changes in your circumstances or legislation.

In addition to standard tax compliance, we offer specialized services such as Goods and Services Tax (GST) advisory. Understanding GST can be complex, especially with various exemptions and thresholds. We assist you in determining your GST obligations, ensuring that you collect, report, and remit GST correctly to avoid any penalties.

Our tax planning services also extend to capital gains tax (CGT) and fringe benefits tax (FBT). We provide guidance on how to manage these taxes effectively, helping you to structure transactions and investments in a way that minimizes your tax burden.

For businesses involved in international trade or with foreign investments, our international tax services offer valuable insights into cross-border tax implications. We help navigate the complexities of international tax treaties and compliance, ensuring that you optimize your global tax position while meeting Australian obligations.

Our goal is to empower you with the knowledge and strategies necessary to make informed decisions about your tax position. We believe in building long-term relationships with our clients, providing ongoing support and guidance as your circumstances evolve. Our commitment to transparency means we take the time to explain tax strategies and compliance requirements clearly, ensuring you understand the implications of your choices.

In summary, our tax planning and compliance services are designed to provide you with peace of mind in an often-complex landscape. With our expertise and proactive approach, you can focus on your personal or business growth while we manage your tax obligations and optimize your tax outcomes. Let us partner with you to navigate the complexities of Australian taxation and achieve your financial goals.

3

Auditing & Assurance

At JJ162 Chartered Accountants, we understand that the integrity of your financial statements is paramount to the success of your business. Our auditing and assurance services are designed to provide you with independent and objective evaluations of your financial reporting, enhancing the credibility and transparency of your financial information.

Our audit process begins with a comprehensive understanding of your business operations and financial environment. We tailor our audit approach to your specific industry and organizational structure, ensuring that our procedures are relevant and effective. Our team employs a risk-based approach to auditing, which allows us to identify key areas of risk and focus our efforts where they matter most.

We conduct both internal and external audits, providing valuable insights that go beyond mere compliance. Our external audits are designed to provide assurance to stakeholders, including investors, creditors, and regulatory bodies, that your financial statements present a true and fair view of your financial position. We perform thorough testing of transactions and internal controls, ensuring that your financial reporting complies with Australian Accounting Standards (AASB) and International Financial Reporting Standards (IFRS) where applicable.

In addition to statutory audits, we offer a range of assurance services, including reviews and agreed-upon procedures. Our reviews provide a moderate level of assurance and are less comprehensive than a full audit, making them a cost-effective option for smaller businesses or specific reporting needs. Our agreed-upon procedures allow you to customize our services based on specific objectives or areas of concern.

We also recognise that audits can be stressful for business owners. Our team is committed to minimising disruption during the audit process, ensuring a smooth and efficient experience. We maintain open lines of communication throughout the audit, providing regular updates and addressing any concerns as they arise. After the audit, we deliver detailed reports outlining our findings, along with actionable recommendations for improving internal controls and operational efficiencies.

Our audit services not only fulfill compliance requirements but also add value to your business. We provide insights into your financial health and operational performance, identifying areas for improvement that can enhance profitability and sustainability. Our auditors bring a wealth of experience from various industries, allowing us to benchmark your performance against peers and best practices.

Additionally, we offer consulting services to help you implement our recommendations effectively. Whether it’s enhancing internal controls, streamlining processes, or addressing specific risks, our team is here to support you in strengthening your financial reporting and operational practices.

In summary, our auditing and assurance services are designed to provide you with confidence in your financial reporting and operational processes. By partnering with JJ162 Chartered Accountants, you gain access to a team of experienced professionals dedicated to enhancing the credibility of your financial information and supporting your business objectives. Let us help you navigate the complexities of compliance and reporting, so you can focus on what you do best—running your business.

4

Business Advisory

In today’s dynamic business environment, having a trusted partner for strategic advice is invaluable. At JJ162 Chartered Accountants, our business advisory services are designed to help you navigate challenges, seize opportunities, and achieve your business goals with confidence. We leverage our expertise in finance, operations, and market dynamics to provide you with tailored solutions that drive growth and enhance performance.

Our approach begins with a deep understanding of your business and its unique challenges. We conduct thorough assessments of your current operations, financial position, and market environment. This analysis allows us to identify areas for improvement and develop strategies that align with your long-term objectives. Whether you’re looking to expand into new markets, streamline operations, or enhance profitability, our team is here to provide expert guidance.

One of the core areas of our advisory services is financial management. We help you develop robust financial strategies that support your growth ambitions. This includes budgeting and forecasting, cash flow management, and financial modeling. By providing you with accurate financial insights and projections, we empower you to make informed decisions that drive sustainable growth.

Our business advisory services also extend to operational efficiency. We conduct process reviews to identify bottlenecks and inefficiencies within your operations. Our team works with you to implement best practices, optimize workflows, and enhance productivity. We focus on creating value at every stage of your business processes, ensuring that you can operate efficiently while maintaining high-quality service delivery.

Risk management is another critical component of our advisory services. In an increasingly complex regulatory environment, understanding and mitigating risks is essential for business sustainability. We help you identify potential risks—whether financial, operational, or compliance-related—and develop strategies to manage them effectively.

 

Our team’s expertise allows us to guide you in establishing robust internal controls and risk assessment frameworks that safeguard your business.

Additionally, we provide insights into market trends and competitive analysis, helping you make informed strategic decisions. Whether you’re contemplating a new product launch, entering new markets, or evaluating potential partnerships, our business advisory team is here to support you every step of the way.

In summary, our business advisory services at JJ162 Chartered Accountants are designed to empower you with the insights and strategies necessary for success. We focus on understanding your unique business needs and providing tailored solutions that drive growth, enhance operational efficiency, and manage risks effectively. Let us be your trusted partner in navigating the complexities of today’s business landscape, so you can focus on what matters most—achieving your business objectives.

6

Forensic Accounting

Forensic accounting is a specialized field that combines accounting skills with investigative techniques to analyse financial discrepancies and provide litigation support. At JJ162 Chartered Accountants, our forensic accounting services are designed to assist individuals and businesses in resolving financial disputes, uncovering fraud, and ensuring compliance with regulatory standards.

Our forensic accounting process begins with a detailed examination of financial records and transactions. We utilize advanced analytical techniques to identify irregularities, discrepancies, or anomalies that may indicate fraudulent activities. Our team has extensive experience in dealing with various types of fraud, including financial statement fraud, asset misappropriation, and corruption.

In addition to fraud detection, we provide expert witness services for legal proceedings. Our forensic accountants are well-versed in presenting complex financial information in a clear and understandable manner, making it accessible to judges, juries, and legal teams. We prepare detailed reports that outline our findings, methodologies, and conclusions, providing crucial support for litigation and dispute resolution.

Our services are not limited to fraud investigations. We also assist businesses in conducting internal audits to identify weaknesses in internal controls and improve financial governance. By assessing your financial processes and controls, we help you mitigate the risk of fraud and enhance the overall integrity of your financial reporting.

At JJ162 Chartered Accountants, we understand that the impact of financial disputes can be significant. Our team is committed to providing timely and effective solutions to help you navigate these challenges. We work closely with you to understand your specific circumstances, tailoring our forensic accounting services to meet your needs.

We also offer fraud prevention consulting services, providing guidance on how to implement robust internal controls and risk management practices. By educating your staff and management about potential fraud risks and establishing clear protocols, we help create a culture of transparency and accountability within your organization.

In summary, our forensic accounting services at JJ162 Chartered Accountants are designed to provide you with the expertise and support necessary to address financial discrepancies, uncover fraud, and enhance compliance. Whether you require investigative services, litigation support, or fraud prevention consulting, our experienced team is here to help you navigate complex financial challenges with confidence.

7

Payroll Services

Managing payroll can be a complex and time-consuming task for many businesses. At JJ162 Chartered Accountants, we offer comprehensive payroll services designed to simplify this process, ensuring that your employees are paid accurately and on time while maintaining compliance with Australian regulations.

Our payroll services encompass all aspects of payroll processing, including calculating salaries, managing superannuation contributions, and ensuring compliance with Pay As You Go (PAYG) withholding requirements. We stay up-to-date with changes in legislation and tax rates, ensuring that your payroll is always compliant with the latest regulations set by the Australian Taxation Office (ATO).

We understand that each business has unique payroll requirements. Our team will work closely with you to customize our payroll solutions to fit your specific needs, whether you have a small team or a large workforce. We can manage payroll for both permanent employees and contractors, ensuring that all relevant tax and superannuation obligations are met.

In addition to payroll processing, we provide comprehensive reporting services, including payslips, annual payment summaries, and superannuation statements. Our detailed reports offer transparency and insights into your payroll expenses, helping you monitor labor costs and make informed financial decisions.

One of the significant advantages of outsourcing your payroll to JJ162 Chartered Accountants is the reduction of administrative burdens. Our experienced team handles all aspects of payroll, allowing you to focus on your core business operations. We pride ourselves on our accuracy and attention to detail, minimising the risk of errors that can lead to costly penalties and employee dissatisfaction.

We also offer employee self-service portals, allowing your staff to access their payslips, tax documents, and superannuation information conveniently. This feature enhances employee satisfaction and reduces the administrative workload for your HR team.

Furthermore, our payroll services include assistance with compliance audits and assessments. We help you prepare for potential audits by ensuring that your payroll records are accurate, complete, and easily accessible. In the event of an audit, our team will support you throughout the process, addressing any inquiries from regulatory authorities.

In summary, our payroll services at JJ162 Chartered Accountants are designed to provide you with peace of mind, knowing that your payroll is managed efficiently and compliantly. By partnering with us, you can focus on growing your business while we handle the complexities of payroll processing, reporting, and compliance.

8

Business Valuation

Understanding the true value of your business is essential for making informed decisions regarding mergers, acquisitions, or investment opportunities. At JJ162 Chartered Accountants, our business valuation services provide you with detailed assessments based on industry benchmarks and financial analysis, ensuring you have a clear understanding of your business’s worth.

Our business valuation process begins with a comprehensive review of your financial statements, market conditions, and relevant industry factors. We utilize a range of valuation methods, including income, market, and asset-based approaches, to determine the most accurate value for your business. Our team considers both quantitative and qualitative factors, ensuring a holistic valuation that reflects your business’s unique circumstances.

We understand that business valuations are not just for large corporations. Whether you’re a small business owner looking to sell, an entrepreneur seeking investors, or an individual planning for succession, our valuation services are tailored to meet your needs. We provide clear and concise reports that outline our methodologies, assumptions, and conclusions, making it easy for you to understand the value of your business.

Our valuation services are particularly valuable during critical business events, such as mergers and acquisitions. We conduct thorough due diligence, ensuring that all financial aspects are accurately represented and evaluated. Our team assists you in negotiating and structuring transactions to achieve the best possible outcomes.

In addition to mergers and acquisitions, we also provide valuation services for estate planning, shareholder disputes, and financial reporting. Understanding the value of your business is essential for effective estate planning, ensuring that your assets are distributed according to your wishes. Our team can also assist in resolving shareholder disputes by providing an impartial valuation that supports fair negotiations.

At JJ162 Chartered Accountants, we pride ourselves on our transparency and professionalism. Our valuation reports are prepared in accordance with Australian valuation standards and are suitable for submission to regulatory authorities and financial institutions.

In summary, our business valuation services at JJ162 Chartered Accountants are designed to provide you with the insights and clarity you need to make informed decisions about your business. Whether you’re considering a sale, investment, or succession planning, our experienced team is here to support you with accurate and reliable valuations tailored to your specific needs.

9

Succession Planning

Effective succession planning is crucial for ensuring the longevity and stability of your business. At JJ162 Chartered Accountants, we specialize in developing tailored succession strategies that preserve the value of your business while facilitating a smooth transition to new leadership. Our comprehensive approach takes into account not just financial aspects but also the emotional and operational challenges involved in transitioning ownership.

Our succession planning process begins with an in-depth assessment of your business and its current leadership structure. We work closely with you to identify potential successors, whether they are family members, existing employees, or external candidates. Our team helps you evaluate their readiness and suitability for taking over the reins, considering both their skills and experience.

We also focus on the financial implications of succession planning. Our team assists you in valuing your business, ensuring that you understand its worth as you prepare for the transition. This is essential for determining how ownership will be transferred, whether through sale, gift, or inheritance. We provide guidance on tax implications and strategies to minimise the financial burden associated with transferring ownership.

In addition to financial considerations, we emphasize the importance of communication throughout the succession process. We help facilitate open discussions among stakeholders, ensuring that everyone is aligned on the vision for the future of the business. This collaborative approach helps to mitigate potential conflicts and ensures a smoother transition.

Our succession planning services also include the development of comprehensive estate plans that address your wishes for asset distribution. We work with legal professionals to ensure that your estate plan is robust and aligned with your succession strategy, providing peace of mind for you and your family.

Furthermore, we assist in establishing governance structures that will support the new leadership. This includes creating clear roles and responsibilities, defining decision-making processes, and ensuring that appropriate training and support are provided to the successors.

At JJ162 Chartered Accountants, we recognize that succession planning is not a one-time event but an ongoing process. We offer ongoing support and reviews to ensure that your succession plan remains relevant and effective as your business evolves and circumstances change.

In summary, our succession planning services at JJ162 Chartered Accountants are designed to provide you with the expertise and guidance necessary for a successful transition of ownership. By developing a comprehensive and tailored succession strategy, we help you safeguard the future of your business while ensuring a smooth and effective transfer of leadership.

10

Advisory for Non-Profit Organizations

At JJ162 Chartered Accountants, we are passionate about supporting non-profit organizations in their mission to create positive change in the community. Our specialized advisory services for non-profits are designed to help you navigate the unique challenges faced by charitable entities while ensuring compliance, sustainability, and effective resource management.

Our advisory process begins with a thorough understanding of your organization’s mission, goals, and operational structure. We recognize that each non-profit is unique, and we tailor our services to align with your specific needs and objectives. Whether you’re a newly established charity or an experienced organization seeking to enhance your impact, our team is here to support you.

A key area of our service is financial management. Non-profits must manage their resources effectively to achieve their mission, and we provide guidance on budgeting, financial reporting, and cash flow management. We help you develop robust financial plans that reflect your funding sources and program expenses, ensuring that you can operate sustainably while maximizing your impact.

Compliance with regulatory requirements is critical for non-profits. Our team assists you in understanding the legal obligations related to governance, tax-exempt status, and fundraising activities. We help ensure that your organization adheres to the guidelines set by the Australian Charities and Not-for-profits Commission (ACNC) and other relevant bodies. This includes assistance with preparing financial statements and reports that meet compliance standards.

In addition to financial oversight, we offer support with grant applications and fundraising strategies. We help you identify potential funding sources, prepare compelling grant proposals, and develop effective fundraising campaigns. Our goal is to empower your organization to secure the resources necessary to support your programs and initiatives.

We also recognize the importance of governance in non-profit organizations. Our team provides guidance on best practices for board governance, including establishing clear roles and responsibilities, developing policies, and ensuring accountability. By enhancing your governance structure, we help you build trust with stakeholders and improve overall organizational effectiveness.

Capacity building is another critical focus of our advisory services. We offer training and workshops on various topics, including financial literacy, strategic planning, and impact measurement. By equipping your staff and board members with the skills and knowledge they need, we empower your organization to operate more effectively and achieve its goals.

At JJ162 Chartered Accountants, we believe in the transformative power of non-profit organizations. Our commitment to social responsibility drives us to provide high-quality advisory services that support your mission. We are dedicated to building long-term relationships with our clients, ensuring that you have the ongoing support needed to thrive.

In summary, our advisory services for non-profit organizations at JJ162 Chartered Accountants are designed to provide comprehensive support that enhances your operational effectiveness, compliance, and financial sustainability. Let us partner with you in your mission to make a difference, so you can focus on what you do best—serving your community and achieving your objectives.

Services

  • Accounting & Bookkeeping

  • Tax Planning & Compliance

  • Auditing & Assurance

  • Business Advisory

  • Payroll Services

  • Business Valuation

  • Succession Planning

  • Not for Profit

  • Forensic Accounting​​

Contact
Phone: (02) 9061 3208

Email: johnny@jj162.com.au

Company Details

JJ162 Pty Ltd

ABN 86 665 869 670

Chartered Accountant JJ162
Licensed Chartered Accountant JJ162

Designed and Maintained by:

Click Sprout Pty Ltd

bottom of page