Surfers Paradise accountants: the questions we get.
How do you handle seasonal cash flow for a Surfers Paradise business?
By planning around the curve instead of a flat year. We build a rolling cash flow forecast that shows the quiet months and the BAS due dates against them, set aside tax and GST in the peak so the June quarter does not land in the slowest month, and report margin by venue so you know which site is carrying the off-season. Tax planning happens in May with the real numbers.
Can you reconcile high-volume takings across several tills and booking platforms?
Yes. Our bookkeeping team reconciles daily takings from EFTPOS, cash, online bookings and delivery platforms to Xero, keeps tips and surcharges treated correctly and has the ledger clean every week rather than reconstructed every quarter. Clean inputs are what make the margin-by-venue reporting mean anything.
Should the venue, the lease and the property be in separate entities?
Usually yes, and in Surfers Paradise it matters more than most places. One bad season or one claim should not be able to reach the property or the licence. We review the group, recommend the structure that fits the risk and the tax position, and quote any restructure up front as a project. New Wave Law drafts the leases and agreements in the same building.
Do you work with short-stay accommodation and holiday letting operators?
Yes. Letting managers and owners of holiday apartments in Surfers Paradise deal with GST on mixed supplies, body corporate and management fees, multiple owning entities and seasonal income. We handle the compliance across the entities, report by building or portfolio and plan tax on the group as a whole. The property and real estate industry pages cover more.