We implement our services within an intentionally designed and fair framework, as follows:

For a full-scale program with JohnShepherd.com.au, includes bookkeeping, GST / BAS lodgement, tax planning and end of year tax work.

We like to eliminate as many barriers as possible, so each of the four parts of our COMPLIANCE / TAX framework can be implemented in a smooth flow, and at the right pace for your organization. Our only rule is that we start at the beginning and proceed sequentially.

Here are more details about each of the four steps:

1. Bookkeeping

$66 / hour
Usually 1 hour each month

We begin all new client engagements with a requirement to allow our accounting software to view your business bank account so as to record transactions. We ask you to sign an authority form that gives us VIEWING access only.

2. Monthly or Quarterly BAS lodgement

$264 / lodgement

We take responsibility of lodging by due date

The first step in implementation (95% of the time) is to have all transaction recorded correctly.

We’ll start with a GST report from the accounting software, review and note any queries, resolve queries, then log onto the ATO website using the Tax Agent Portal, record income and expenses, reconcile with GST report printed earlier, lodge and file all reports both hard copy and electronically for any future reference.

3. Tax Planning

$132 / hour
Generally, 10 hours in early June

With a documented reports from completed bookkeeping up to end of May, it’s time to estimate your taxable income.

Our compliance team will then discuss with you any strategies you would like to implement to improve the tax situation before 30th June.

Your report will likely include a mixture of ideas and suggestions that you may or may not implement.

4. End of Year Tax work, incl Financial Reports

$264 / hour
Generally 15 – 20 hours

Imagine opening a brand new restaurant in your town with a stellar chef, a spectacular environment and the best service around… but you then have a guess of the type of meals you offered. NOT GOING TO WORK.

In this step, it’s time to generate serious financial reports recording business income and business expenses to leave taxable.

Our job at this stage is to proactively deliver the best tax outcome, while balancing the time taken to achieve this result.

What “right tax” means (and what you can expect)

Minimising tax while maximising business growth is the north star success metric we use with our clients.

In other words, our job is to help you measurably grow your business while paying on going small amounts of tax.

How we go about reporting

We’ll need your help here too, because without the right inputs, we can’t document meaningful outputs.

We’ll help you configure your tax liability to have minimal effect on business cashflow.

When you should expect to see results

By the end of each reporting period that tell us the program is working.

Of course many variables come into play from one client to the next, including:

• Size of your taxable income
• Price point of your taxable profit
• Length of time from previous c’fwd losses
• Existing c’fwd loss awareness in your business
• Size (and visibility) of your previous reporting obligation
• Level of investment in your business future growth

Where to go next?

If you think there could potentially be a fit and would like to talk, we encourage you to book a strategy call.