Accounting for Computer and IT Consultants
The computing and IT industry is becoming incredibly popular as technology progresses. More and more people are looking to acquire jobs in the IT industry or start up a business based on consulting or computer services, such as repair and construction.
Having a professional accountant such as Hume Tax that understands aspects of the financial requirements in the computing and IT industry can provide an array of benefits, such as claiming and getting more back from your tax return, simplified preparation of financial documents and detailed financial advice to name a few.
There have been common cases with many IT professionals where it has been possible to legally reduce tax payable. An accountant can assist you with analysing, preparing and claiming what is appropriate for your business or profession.
We provide a range of comprehensive accounting services for businesses and individuals working in the information technology industry. These include:
- Planning for tax strategies
- Preparation of financial documents and tax returns
- Bookkeeping and payroll services
- Equipment, products and components finance (Office computers, computer components for construction; repair and sale, and server parts)
- Business and tax registrations such as your TFN, ABN, WorkCover, GST etc.
- Tools and spreadsheets for recording start up expenses and general business expenses, along with support in using these
- Advice regarding the sale and purchase of a business
- Plus much more.
If you're looking to set up a new business based on servicing computers or consulting in regards to IT, there are many areas you need to consider for your business to succeed. Various types of insurance provides businesses with the cover they may need if a disaster were to occur. Staff must be covered appropriately and follow OH&S guidelines, along with their wages and superannuation. Rent of a building or office depending on your type of business. Equipment and components are required for offices to operate, along with the sale of computers.
There's a lot of different areas to cover, though you can reduce the stress from finances by using a professional accountant that can assist with the taxation and accounting aspects of your business. This gives you more time to focus on assisting clients and building up your business.
If you're looking for an accountant in the CBD, give us a call on (03) 9354 2339 or send your enquiry online today to discuss your options. The staff at Hume Tax are happy to answer any questions you may have.