Businesses whether small, medium or large need to track where their income originates from, where that money is kept, what the business expenses are and what these are paid with. They also need to track their profit, tax liabilities and overall performance against industry benchmarks.
At the Magri Group, we take the time to mentor you and your business, to help you understand the fundamentals of accounting and what the figures reported really mean.
We will assist in the preparation of the financial accounts – which is a summary of your business’s performance and the value contained in two major reports – your balance sheet statement (Statement of Financial Position) and your profit and loss statement (Statement of Financial Performance). We will also assist in the preparation of your income tax returns, constantly applying the ever changing Australian Taxation Office Legislative amendments, to maximise your bottom line and minimise your income tax liability.
For our firm, the one on one client contact and constant business mentoring view allow us to act strategically regarding future changes in the marketplace, as these changes can be the key to running a sustainable business. Our aim is to ensure your business is able to sidestep foreseeable difficulties and better respond to the unexpected ones. And, if your business is in trouble, our firm will assess your company, identify what’s wrong and do everything possible to return your business to profitability
We want to assist you to improve your bottom line, not just tell you what it is.