Burleigh Waters accountants: the questions we get.
Do you work with trades and construction businesses in Burleigh Waters?
Yes. Construction and trades are one of the main industries we work in, and Burleigh Waters has one of the Gold Coast’s largest trade and light industrial bases. We handle QBCC reporting, job costing, progress claims and retentions, subcontractor payment reporting to the ATO and the structures that keep the family home separate from the business. The building and construction industry page goes into the detail.
Do you do payroll for my staff?
No. New Wave does not run pay runs, pay superannuation or lodge Single Touch Payroll on your behalf. We set payroll up correctly in Xero, make sure the awards and super are treated properly in the books, reconcile the wages and super accounts every month and handle the end-of-year reconciliation. Running the pay cycle stays with you or your office manager.
Can you help an allied health practice in Burleigh Waters with its structure?
Yes. Physios, chiros, psychologists and other allied health practices in Burleigh Waters usually face the same questions: a service entity versus a single company, how to bring in a second practitioner, how contractors are treated, and reporting by room or practitioner. We set the structure up properly and report on the numbers that matter to a practice owner.
When should a Burleigh Waters business do its tax planning?
In May, with real numbers. Our designated teams review every client’s position in the last quarter of the financial year, model the options and put the plan in writing before 30 June. Planning after year-end is just a tax return. If you are joining us mid-year we start with the current year rather than waiting for the next one.