Here at Dream Financing on Brisbane’s northside, one of our specialities is helping small business clients in the building industry.
One of the most common questions we get asked by our trade clients when it comes to their accounting and bookkeeping is: “How much work do I have to do?”
When a client starts with Dream Financing we review how they’ve been running their books and record keeping. In our experience, your Accountant will either have made it too hard (requesting too much information), or they haven’t been organised enough, giving you little or no notice for your upcoming obligations.
How We Work with Trade-Based Businesses
At Dream Financing we aim to strike the balance between the two. Expert direction and a system you can easily follow but doesn’t create more work for you.
Here’s a couple of examples of how we reduce the accounting workload for your business – and what we do for our trade-based business clients:
- For 90% of our tradie clients, their quarterly BAS reporting is done, sent for signing and lodged by our team without any extra work or effort required by the business owner.
- We understand the QBCC regulatory and compliance requirements for your industry. Operating a construction business is complex so you need an Accountant who can help you maintain your license requirements. Our qualified accountant is a QBCC specialist and for 60% of our trade clients we lodge their QBCC paperwork on their behalf, taking the stress out of it for you
4 Ways We Make Tradies Lives Easier
- Deep Dive into Your Tax Deductions
Firstly, we do a full review and create a customised list of deductions specific to your business to help minimise tax.
- Less Work for You
Our number 1 goal is to streamline and simplify your accounting, bookkeeping, and lending requirements so you have less – not more – work on your plate.
- Better Cashflow Management
Our timeframes give you ample notice to plan and pay your BAS. So, there’s no last-minute surprises or hefty BAS or tax bills. For example, we complete your BAS within 2-3 weeks of end of quarter, giving you 6 weeks’ notice before you have to pay.
- Systems & Structure
We embrace technology and cloud software to streamline your finance and accounting. This frees you up to focus on growing your business and less headaches with the tax office. We actually prefer it if you don’t have to do anything!
Working with Dream Financing’s Accountant
To achieve this though, there are a couple of things we will ask you to do in your business.
Rest assured; we’ll guide you every step of the way to make the transition a smooth one!
- Cloud accounting software – we are a Xero specialist and will recommend the best set up for your individual business needs if you aren’t already using the platform. Moving to a cloud-based system with significantly reduce your accounting workload!
- If you’re spending money on business related expenses, it needs to be paid for by a business account or credit card. This makes it a lot easier to track and reconcile, which also means less work for you.
Ready to free up more time and outsource your accounting, tax and bookkeeping needs to the Dream team?
Contact Jordan today! Enquire here or call 07 3519 7680.
Dream Financing is the mortgage broker of choice for Brisbane North, including Eatons Hill, Albany Creek, Warner, Draper, Samford and surrounding areas. We’ll help you find the best loan products no matter what your personal situation is.
We offer expert advice on a huge range of services including home loans, investment property loans, cashflow finance for self-employed, commercial property loans, car loans for self-employed and equipment loans for self-employed.
Call us today: Warren 0419 781 428 or Brenton 0423 030 533 or contact us online here.
