KRS Accountants

Welcome to KRS Accountants, located in the heart of Surfers Paradise on Cavill Avenue. As a leading establishment in the finance industry, we are dedicated to providing exceptional services to businesses of all sizes.

Is your business at a stage where it needs a little assistance to help it develop to the next level? We understand that hiring a full-time Chief Financial Officer (CFO) can be costly for small to medium-sized enterprises. That's why we offer virtual CFO services to help you grow your business without the risk of hiring an expensive employee who may not integrate well into your company.

Our range of services includes the preparation of financial statements that detail your business's financial position and performance. We also specialize in salary packaging, ensuring that you and your employees are maximizing your salary by packaging benefits. Our expertise in the medical and IT industries sets us apart in this area.

Budgeting and cashflow analysis are crucial aspects of any business's success, and we are here to assist you with preparing budgets and cashflow plans to maximize your working capital.

In addition, we offer a comprehensive business health check that covers various aspects of your business, including business overview and strategy, financial management, marketing, information technology, intellectual property, human resource management, debtor management, business continuation, corporate wills and owner agreements, management skills and processes, and exit strategy. You can choose to work through the points raised in the business health check report at your own pace, or we can address them in a series of consultations.

Our team is also experienced in preparing summary reports that detail your business's performance over a specified time frame using tools such as key performance indicators, trend analysis, and balanced scorecards.

When it comes to taxation, we have you covered. We can assist with the preparation and lodgment of various taxation-related documents, including income tax returns, business activity statements, proactive tax planning, payroll, and research & development.

As the new financial year begins, we want to ensure that you are aware of the changes that may impact your business. From an increase in superannuation guarantee to changes in instant asset write-off limits, we are here to guide you through these changes and help you navigate the tax landscape.

At KRS Accountants, we understand the importance of tax planning and reducing your tax burden. We offer tips and strategies to help you minimize your tax obligations, allowing you to use the savings to reduce debts, save for a holiday, invest, or upgrade your assets.

We keep ourselves updated with the latest tax regulations and changes, such as the ATO's revised record-keeping requirements for working from home. Our team can provide guidance on how to keep appropriate records to maximize your tax claims in your upcoming tax return.

The recent Federal Budget has brought some changes that may impact you, and we are here to help you understand and navigate these changes. Whether it's rising interest rates, inflation, or rising labor costs, we can provide insights on how the latest budget may impact your financial situation.

To assist you in collecting your year-end documents, we have provided checklists for business financial accounts and tax. These checklists will help ensure that you have all the necessary information and documents ready for tax season.

With the upcoming Federal Election, there may be further tax changes announced that could affect you. We are committed to helping you reduce your tax obligations and achieve your financial goals. Whether it's reducing debts, saving for a holiday, or building a deposit for an investment property, we can provide tailored tax planning tips and strategies.

The Morrison Government has made several headline announcements in the 2022 Federal Budget, including reducing petrol tax, tax cuts for low and middle-income earners, and measures to support small businesses. We can help you understand how these announcements may impact your financial situation.

At KRS Accountants, we are dedicated to providing personalized and professional services to help you achieve your financial goals. Contact us today to discuss how we can assist you and your business.