Annual Financial Statements are useful in preparing Tax Office income tax returns for businesses. However, from a business owners point of view, they are limited in their usefulness due to the fact that they are ususally only available well after the event.

At Huon Partners, we believe that all businesses should have some type of reporting function occurring at least quarterly, preferably monthly. This enables you, as the owner, to stay in touch with the all-important profitability of the business on a timely basis, which allows you to respond to any negative trends quickly.

We therefore have the interactive accounting software called ‘BankLink’ available for all our clients to utilise. BankLink is a brilliant periodic reporting package, in that our clients don’t actually have to buy any software, own a computer, or pay any fees for it’s use. Once a month/quarter, we receive a download directly from your bank, which shows us all of your transactions for that period. We then print out a report of these transactions to send to you, so that you can advise us of details of the cheques/deposits etc. We also have the ability to upload your monthly transactions to your own personalised secure area on this website where you can complete the details online or you can receive an electronic report via email. When we receive this back, we input your answers into our system, and can efficiently prepare useful, timely reports for your information. We can also prepare your Business Activity Statement from BankLink at the mere press of a button, as well as using it as a starting point for preparing your Annual Financial Statements.

Please contact us if you would like to know more about BankLink.

Personal Income Tax Returns
Business Financials & Tax Returns
Periodic Business Reporting
Fringe Benefits Tax Returns
BAS & IAS
Payroll Tax Returns
SMSF Financials & Tax Returns