If you run a small business, you are probably doing the work of five people. Tax, BAS, bookkeeping and paperwork shouldn’t be among them.
New Wave is an accountant for small business owners who have moved past the side-hustle stage and want to build something bigger. We take care of your tax, BAS and bookkeeping for one monthly fee, agreed up front, and we tell you what your numbers mean while there is still time to act on them.
We are based on the Gold Coast and work with businesses right across Australia, most of them online. Most of our clients turn over $1M or more. The small businesses we take on are the ones heading there, and each year we also take on a select number of startups with a clear plan to grow.
Signs you’ve outgrown doing it yourself (or your current accountant)
- You only find out what you owe the ATO after the year has ended.
- BAS time is a scramble, and you’re never quite sure the GST is right.
- You’re profitable on paper but never seem to have cash.
- You still operate as a sole trader, or in a structure set up years ago, and nobody has reviewed it.
- You hear from your accountant once a year, and it’s about the invoice.
If two or more of those sound familiar, it’s time to talk to someone.
What we do for small businesses
- Tax returns and BAS. Your business and personal returns, plus BAS and IAS, prepared, reviewed and lodged on time. See company tax returns.
- Bookkeeping, done or overseen. We do your books in-house or review the work of your own bookkeeper, so your figures are right before anything is lodged. See bookkeeping.
- The right structure. Sole trader, company or trust: we check your structure suits your tax position and protects your assets as you grow.
- Tax planning. A meeting before 30 June each year so you know your tax bill in advance and can plan for it.
- Cash flow you can see. Simple monthly or quarterly reporting that shows profit, cash and what’s coming up, including tax.
- Someone to call. A dedicated team who knows your business and answers your questions without starting the clock.
When the business gets bigger and more complex, you can step up to our business accountants service without changing firms.
Why small businesses choose New Wave
- Monthly fees agreed up front. You know what you’ll pay. No hourly billing, so you never hesitate to ask a question.
- A team, not one person. A senior accountant reviews your file, and you keep the same people year after year.
- We know your industry. We work with businesses across trades and construction, ecommerce, health and professional services, so we already know your margins, GST quirks and reporting rules.
- Xero Platinum Partner. We set up and tidy your software so the reporting works for you. We also work with QuickBooks and MYOB.
- No lock-in. 30 days’ notice if you ever want to leave.
How it works
- Free 30-minute call. Tell us about your business; we’ll tell you honestly whether we’re the right fit.
- Health check. We look at your last returns, structure and bookkeeping and flag anything costing you money.
- Monthly plan agreed up front. One monthly fee that covers what you need now, with room to add advice later.
- Switch over. We contact your current accountant, take care of the handover and set up your BAS calendar.
What does an accountant for a small business cost?
There is no set price list, because every business is different. Your fee is one fixed monthly amount, based on your structure, transaction volume and whether you need bookkeeping, and you’ll have it in writing after a free call and health check, before any work starts. One-off work, such as catching up overdue lodgements, is quoted separately before we start.
Proof
Case study: online retailer selling internationally. Gross margins didn’t add up, inventory was wrong and the business was probably overpaying GST. We connected A2X to Xero, rebuilt the chart of accounts, set up monthly inventory tracking and corrected the GST treatment. The owner now gets reliable monthly figures, accurate margins and hours back every week. Read the case study
“We’ve finally found an accounting firm that truly understands small eCommerce businesses and the kind of support they need.”
Kerry P., ecommerce business owner (shortened from her Google review)