SERVICES

We offer a range of quality services. To find out more about what we do click on the services below.

Rohan Manokaran - chartered accountant

ETERNITY GROUP SERVICES


Tax Returns +

Eternity Group Accountants offers the service of preparing income tax returns for Companies, Trusts, Individuals, Partnerships, Sole Traders and Self Managed Super Funds.

Most 2017 tax returns are due on 15 May 2018 (if you are on a tax agent’s client list), but some returns are due earlier and some later. For taxpayers who are lodging themselves, the due date will be 31 October 2017.

We note that the ATO is heavily monitoring 2017 tax returns particularly in relation to work related deductions.

If you require assistance or have doubts in the preparation of your tax return, please do not hesitate to contact us.

Business Activity Statements +

Eternity Group Accountants offers the service of preparing GST and lodgements of Business Activity Statements and Instalment Activity Statements.

Monthly Business Activity Statements & Instalment Activity Statements are due on the 21st of the following month.

Quarterly Business Activity Statements & Instalments Activity Statements are due on the 28th day after the end of the quarter. However if you are on a tax agent’s client list you will receive an extension of 3 to 4 weeks meaning you have over 6 weeks after quarter end to lodge your Quarterly Business Activity Statements & Instalments Activity Statements.

We work with clients of many different types of industries to ensure they are compliant with the GST requirements. Failure to comply with the ATO’s requirements usually results in hefty fines and penalties.

If you require assistance with the preparation of your BAS or IAS, please do not hesitate to contact Eternity Group Accountants.

Financial Statements +

Eternity Group Accountants offers the service of preparing monthly, quarterly, six monthly and annual financial statements for clients who have different needs.

Most of our clients require only annual financial statements for the purpose of lodging their tax returns.

However should the requirement to sell the business, obtain finance, divorce proceedings etc arise then Eternity Group Accountants offers this service.

Some clients also wish to know their performance more frequently that just on an annual basis. This means they engage our firm the prepare financial statements on a monthly basis.

Whatever your requirements Eternity Group Accountants would be more than happy to assist you.

Book keeping +

Eternity Group Accountants offers a book keeping service and also works with bookkeepers. We are able to work to your requirements and needs.

Many of our clients require us to work externally and also on their premises. Whatever your requirements, we are flexible.

The 4 main bookkeeping software we use are:

  • MYOB
  • Xero
  • Sassu
  • Quickbooks

We even have clients who use excel spreadsheets and cashbooks.

Whatever your requirements we are more than happy to assist you, should the need arise. Please do not hesitate to contact us if you have any questions.

Budgeting +

A good budget is a necessary for a business to survive. It is one of the best measures to track performance and set future goals.

In addition to goal setting value, budgets will often improve your chances of acquiring funding from financial institutions.

Having a good budget will allow to see how you business is going, anticipate potential problems, compare your business to the industry and make important decisions early on.

If you require assistance with budgeting, Eternity Group Accountants would be more than happy to assist.

Business Start-ups +

Eternity Group Accountants can help you turn your business idea into a reality. If you have a idea for a new business venture and require the expertise in the legal or financial areas, we can help you:

  • Decide on the most suitable structure for your business – sole trader, partnership, or Pty Limited company in relation to tax minimisation, family law and estate planning.
  • Apply for an Australian Business Number, Tax File Number and other registrations such as GST and PAYGW.
  • Assist with ASIC Compliance and other legislative requirements.
  • Liaise with your bank as required.
  • Setup a bookkeeping system to record transactions and business activity.
Cashflow Forecasting +

Eternity Group Accountants offers a Cashflow Forecasting service.

Are you going to have enough money to pay all costs each month?

Today’s business environment requires you to spend more time monitoring cashflows and cash availability.

We can provide you with informative cashflow forecasting reports – allowing you to:

  • Realise and understand when cash is actually yours.
  • Plan and prepare for growth, stock, taxes and other important transactions
  • Anticipate key expenses and when they will be payable.

 

We’ll work with you to develop strategies to improve your profit position.

Company Secretarial +

Company legislation requires businesses to perform many administration and is usually complex and time consuming. As a business owner you cant be trying to ensure you are complying with the Corporations Law and wasting time

The possible threat of penalties for failing to keep up with the changing rules is too great a risk to take.

Let Eternity Group Accountants take the stress out of  complying with the Corporations Act. We are registered ASIC agents and work closely with ASIC for all our corporate clients.

Management Consulting +

Eternity Group Accountants offers Management Consulting.

Are you looking to grow your business, determine KPI’s in the business, attend board meetings, determine strategic direction and help your business grow and be more profitable. Then you need external Management Consultants.

Rohan Manokaran is currently assisting a firm in St Leonards. By providing a internal CFO service, attending Board Meetings, liaising with directors and third parties Rohan assisted the firm to grow the business and seek new clients including a US international corporation.

Office Duties +

At Eternity Group Accountants we understand the day to day office duties are not easy and can be quite frustrating at times. As a result we offer the following services to lighten the stress load:

  • Payroll matters including processing of payments.
  • Attending to debtors & creditors.
  • In house office duties training and preparation of internal procedures listings.
  • Guidance to setting up best practice procedures.

Please contact Eternity Group Accountants to see how we can be of assistance to your business.

Payroll Services +

Here at Eternity Group Accountants we understanding that managing and paying staff can be very stressful and frustrating. To alleviate this headache we offer payroll services to business, including:

  • Setting up Payroll Software.
  • Issuing Payslips to employees.
  • Monitoring staff costs and expenditures.
  • Dealing with the ATO.
  • Lodging monthly, quarterly and annual PAYG Instalment notices with the ATO.
  • Dealing with staff issues, including performance reviews and hiring of new staff.

 

Do not hesitate to contact us if you require assistance.

Strategic Planning +

Have you defined how your business with grow and look in 3-5 years. Here at Eternity Group Accountants have realised that many business owners do not plan for the future and only focus on the immediate and short term future of their business and family.

In order to plan strategically, any business should do the following:

  • Determine who are competitors and threats to the business.
  • Determine the financial goals, direction and end goals of your business.
  • Introduce and implement a plan to staff and stakeholders on how to achieve these goals.
  • Ensure that management knows where the business will go over the medium to long term financially.

 

He who fails to plan, plans to fail!

Estate Planning +

We understand that death is not a topic that may people think of. However not doing so will leave headache at a time your loved ones are facing heartache.

Eternity Group Accountants works closely with lawyers to undertake the following:

  • Establish wills including testamentary and blood trusts.
  • Determine tax consequences to beneficiaries if any.
  • Deal with court matters and liaise with lawyers.
  • Estate distribution.

Don’t die without a plan to look after your family and loved ones. Dying without proper estate planning can open the door to many problems including unwanted beneficiaries contesting the Estate and costly court proceedings.

Do not hesitate to contact Eternity Group Accountants for a confidential discussion.

Self Managed Superannuation Funds +

Self Managed Super Funds (SMSF) are a growing and huge indsutry in Australia. However it is a high risk and very legislative area. The government is encouraging Australians to fund their own retirement.

Here at Eternity Group Accountants we offer the service of maintaining and SMSF’s including compliance work:

  • Administration & Maintenance services of SMSF’s.
  • Monitoring employer obligations.
  • Determining taxation issues.
  • Liaising and complying with ATO requirements.
  • Liaising with external auditors to ensure compliance with the SIS Act.

 

We appreciate the SMSF arena is complex and time consuming. Take the time out of your life by letting us handle your SMSF needs.