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Tax Arana FAQs

Got a question? Here are our most commonly-asked questions from clients. 

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How can an accountant help me?

At Tax Arana we cover a wide range of finance-related tasks, all of which involve figures and statistics for individuals and small business owners. Our primary aim is to ensure that your financial documents are prepared in an accurate and timely manner.

What’s involved in tax preparation?

Tax preparation is one of the main services we provide for our clients at Tax Arana. When we calculate how much your refund will be, or how much you owe in additional tax, we need to take into consideration all of your allowable deductions and ensure that your returns are lodged correctly and promptly so that no ATO penalties are incurred. With their many years of experience, our accountants have developed comprehensive checklists to ensure you maximise your deductions and you only pay as much tax as you need to.

I don’t have time for financial admin – Help!

YES! Let’s face it, nobody enjoys sorting through the dreaded shoe box full of receipts at the end of the year, so at Tax Arana we work closely with you to educate and advise about the best way to store paper documents and digital records. We also prepare reports and financial spreadsheets for other professionals our clients might be dealing with such as Banks, Financial Planners and Lawyers. Proper financial management is an integral part of business planning which is why it is one of the areas we are able to focus on for you.

What does bookkeeping and BAS preparation entail?

Bookkeeping refers to the job of maintaining financial records, and it is an essential part of the work we perform at Tax Arana. This practice involves recording accounts payable, accounts receivable, payroll, creating balance sheets, and doing other tasks relating to credits and debits. Bookkeepers keep track of how much money a business earns and how much it spends and owes. These numbers are very important for business owners because overspending can quickly put a company out of business. Good bookkeeping is the cornerstone of accurate BAS preparation.

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Relax. Tax Arana is taking care of your Tax & Accounting

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