Financial Statements
Preparation of annual company financial statements from your accounting records, including year-end adjustments and supporting workpapers.
COMPANY ACCOUNTS & TAX
Year-end accounting, properly taken care of.
Annual company financial statements and income tax return preparation for Australian SMEs — with clear communication, practical tax oversight and no unnecessary complexity.
01
Chartered Accountants
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Australian SME Focus
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Tax & Advisory Oversight
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Sydney · Gold Coast
YEAR-END COMPLIANCE
More than simply lodging a tax return.
Your year-end accounts should give you a clear picture of where the business stands — not just satisfy a compliance requirement.
We prepare your company financial statements and income tax return, review the tax position and identify matters that warrant your attention before the year is finalised.
WHAT'S INCLUDED
The annual essentials. Handled properly.
Company Tax Return
Preparation and electronic lodgement of the company's annual income tax return with the ATO.
Tax Reconciliation
Review of accounting profit to taxable income, including relevant tax adjustments and reconciliation of the company's tax position.
Balance Sheet Review
Review of material balance sheet accounts, including director and shareholder loans, tax accounts and other items requiring year-end attention.
ATO Lodgement
Electronic lodgement of the completed company income tax return following approval.
Year-End Review
Practical observations on the tax and accounting position, including material issues we believe should be considered.
HOW IT WORKS
A straightforward year-end process.
01
We collect the information.
We confirm what is required and obtain access to your accounting file and supporting year-end information.
02
We prepare and review.
We prepare the financial statements, tax calculations and company income tax return, including relevant reconciliations.
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We raise the important points.
Material tax, accounting or balance sheet matters are identified and discussed before completion where required.
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You approve. We lodge.
Once the accounts and return are approved, we attend to electronic lodgement with the ATO.
PROFESSIONAL FEE
Clear scope. Clear expectations.
We confirm the scope and expected fee before commencing. Where additional work is identified, we discuss it with you before proceeding.
STANDARD SME COMPANY
Fixed fee
Confirmed before commencement
INCLUDES
Annual financial statements
Company income tax return
Tax reconciliation
Balance sheet review
ATO electronic lodgement
Year-end accounting and tax review
SCOPE
Designed to be clear from the outset.
What does a standard engagement cover?
A standard engagement is generally intended for an established Australian company with reasonably complete accounting records requiring its ordinary annual financial statements and income tax return.
We review the circumstances before commencement to determine whether the standard scope is appropriate.
What can require additional work?
Additional work may arise where accounting records require substantial reconciliation or correction, prior-year issues need to be addressed, or more complex tax matters are involved.
Examples may include Division 7A issues, significant asset transactions, capital gains, complex shareholder arrangements, restructuring, amended prior-year work or detailed tax advice.
Can you take over from our existing accountant?
Yes. We regularly assist businesses moving from another accountant and can coordinate the professional handover, subject to the usual professional clearance process and availability of the relevant records.
Do you work with Xero and other accounting systems?
Yes. We work with cloud and traditional accounting systems, including Xero, and can confirm the most efficient way to provide the records needed for year-end preparation.
What if we need broader tax or business advice?
We can assist beyond annual compliance with tax planning, structuring, cash-flow matters, ATO issues and broader business advisory.
Where the work falls outside the agreed annual scope, we will discuss the additional engagement with you first.
WHO WE WORK WITH
Built for established Australian SMEs.
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Owner-managed companies.
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Professional and service businesses.
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Growing businesses needing stronger financial oversight.
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Companies looking for a more proactive accountant.
START A CONVERSATION
Looking for a better year-end experience?
Tell us a little about your business and we will be in contact to discuss the company, current accounting position and appropriate scope.
PRATT PARTNERS
Start a conversation
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