Corporate Accountants is concerned with innovation. We like to look for ways to make life easier for busy business people.

For example, many have found the truth of the complexity of accounting programs such as MYOB and Quickbooks – much to their frustration. The bottom line is that these types of programs use “double entry” accounting and that’s where people get into trouble; they don’t know, nor do they see any profit in knowing, that every entry they make has two sides. And they run into all sorts of trouble clearing or reversing out entries in such accounts as receivables & payables, and even the GST clearing accounts. And they back away from rolling over their year because they fear that there is no “going back” and they quite rightly, think there’ll be major errors.

For centuries, it was good enough for bookkeepers armed with quill and ink to run cashbooks – single entries allocated to appropriate headings across a page. Why not now?

So we developed SIMCASH ©. A simple cashbook program!

Things have changed in the Self-Managed Superannuation Fund world. No longer can somebody from the same firm prepare the financial statements & tax return and audit the fund. The auditor MUST be independent and the ATO is coming down on firms that don’t comply with this rule like a ton of bricks.

Corporate Accountants’ director and partner Stephen Healy undertook specialist training in auditing funds with the Association of Taxation and Management Accountants (ATMA) in Melbourne so that he could offer our independent audit services to other accounting firms. Stephen then developed the SIMAUDIT © program which has been endorsed by ATMA.

SIMAUDIT © provides superfund auditors with a comprehensive audit template.
All you have to do is follow it and life will become a lot easier.

Corporate Accountants has developed certain downloadable copyright templates and e-booklets over the years and will continue to do so as time allows. Most are free and the list will be expanded over time.

You know our mantra: “All you have to do is ask!”

Currently we offer:-

Business Plan Templates to enable you to construct your own detailed plan. Separate templates are available for businesses which:-

• Sell product
• Sell services
• Manufacture things

The templates are emailed to you in word format free of charge. They are not locked and can be worked with as you see fit.

• The Secrets to Becoming a $ Big Kahuna. This has been a fairly popular e-booklet written by director partner Bob Lamont on the subject of marketing. Its quite simple and repetitive in delivering its messages and makes no pretence to being a heavy-weight tome on the subject of marketing.

The future will bring a series of self-coaching manuals in e-book form, each called Good Management =. Coaching is a real growth industry throughout the business world as are self-help books. What we at Corporate Accountants have decided to do is combine the two. The copyright e-books we produce will come in the form of work- books woven around the notion of process being a graduation from awareness through various steps to appraisal.

Given the amount of work that will go into producing them, these self-coaching manuals will come at a reasonable price yet to be decided.

At Corporate Accountants we have embraced modern technologies.

Personal Income Tax

The ATO now offers tax agents what are called pre-fill details on most salary and wage earners through the tax portal.

Corporate Accountants can download salary and wage details, details of interest and dividends received and so forth straight into your tax return – even details of your private health insurance!

This means quick, affordable tax returns through our RID TAX division.

Investors, sub-contractors and business owners don’t miss out completely. Personal interest, dividends, and private health insurance details are available in pre-fill format - and thankfully, so is a record of PAYG instalment credits.

Online Accounting

At Corporate Accountants we believe that online accounting is the best technological development since Adam was a boy!

For around $20 per month paid to the supplier, clients can access our recommended accounting program and go about the business of recording data as normal. The provider gives us a user name and password which allow us to go into your records whenever we wish and watch what you’ve been doing. We can help you correct errors and make quick “on the spot” appraisals of how things are going in your business, do some pro-active tax planning and so on. And best of all we can download your records to enable us to compile timely BAS’s, “official” financial statements and tax returns.

Apart from the obvious advantages to be had in all this, one other great advantage is that for this small monthly fee, the provider gives full support and free upgrades, unlike other suppliers in the marketplace.

The only problem you will run into when changing over is in getting your opening entries right.

We’ll do that for you.