Greater Adelaide Area
I am an Accountant with a strong track record in providing registration and business advice, tax planning, and general business knowledge. With expertise in software proficiency and business activity statements, I am dedicated to delivering exceptional service and optimizing financial outcomes for clients. In my current role at CB Tax Adelaide since August 2019, I provide valuable business advice for the setup of various entities, including companies, trusts, and partnerships. I specialize in assessing tax liability and strategizing to minimize tax obligations. Additionally, I excel in preparing and filing tax returns for individuals, businesses, and other entities, ensuring compliance with regulations. At CB Tax Adelaide, I am responsible for lodging business activity statements (BAS) and instalment activity statements (IAS) on behalf of clients. I possess extensive knowledge of accounting systems and have successfully implemented and maintained computer-based systems such as XERO, Quickbooks, and MYOB. This enables me to provide tailored advice on system selection and application to optimize financial management and reporting for clients. I am well-versed in ATO procedures, including registering clients for goods and services tax (GST), pay as you go (PAYG) withholding, Single Touch Payroll (STP), and superannuation. I excel in processing payroll for employees, accurately calculating hours worked, deductions, and taxes. I have a deep understanding of payroll regulations and legislation, ensuring processes are adjusted accordingly. During my tenure at Guru Jewellers in Gujarat, India, I was responsible for maintaining financial records, calculating production costs, and managing the gold bullion inventory. I ensured compliance with tax laws and regulations, prepared budgets and forecasts, and effectively managed cash flow. As an Internal Auditor at Nirav D Shah & Co, a Chartered Accountant's firm in Gujarat, India, I evaluated internal controls, assessed operational risks, and conducted audits to ensure compliance with laws, regulations, and internal policies. I reviewed financial data, prepared reports, and made recommendations to improve operations, financial reporting, and internal controls. I am committed to staying current with industry trends, regulations, and best practices, enabling me to provide informed advice to clients. With my comprehensive skill set, I am dedicated to fostering strong client relationships and delivering exceptional financial services.
Implementing and maintaining accounting system and providing advice on the selection and application of computer-based system like XERO, Quickbooks, MYOB. Registering clients for goods and service tax (GST), pay as you go (PAYG) withholding, Single Touch Payroll (STP) and superannuation. Monitoring and reporting on the tax obligations of clients, including payment due dates and compliance with ATO requirements. Staying up to date with the ATO and representing clients in audits and other investigations. Ongoing use of ATO's tax agent portal for various tasks related to individuals and businesses and liaising with ATO compliance in relation to client. Processing payroll for employees, including calculating and verifying hours worked, deductions and taxes. Preparing and submitting payroll tax filings to the appropriate government agencies, such as the Australian Taxation Office (ATO) or the state revenue office. Resolving payroll issues such as incorrect payments or disputes over deductions and responsible for resolving these issues in a timely and effective manner. Maintaining company registrations on behalf of clients with ASIC, including registration of new companies, company changes and annual review statements . Maintaining the company's ASIC agent account and assisting with preparing and lodging relevant forms (Form 484 – Change of Company Details, Form 361 – Registered Agent ceasing to Act, Form 362 – Appointment or cessation of registered agent and other forms) to ASIC as when requested by client.
Maintain the financial records of the business, which includes recording transactions, reconciling accounts, and preparing financial statements. Calculate the cost of producing and selling gold bullion which includes determining the cost of materials, labor and overhead. Maintain accurate records of the gold bullion inventory, including tracking the quantity, value and location of the gold bullion. Ensure business complies with all relevant tax laws and regulations, including the reporting and payment of income tax, sales tax and excise tax. Prepare budgets and forecasts for the gold bullion business, which includes analyzing past performance, projecting future sales and expenses, and setting financial goals. Manage the cash flow of the business, including forecasting cash inflows and outflows, monitoring the cash balance and managing accounts payable and receivable.
Evaluate the effectiveness of an organization’s internal controls to identify areas of weakness and make recommendations for improvement. Assess the risks associated with an organization’s operations and make recommendations to reduce or manage those risks. Conduct audits of an organization’s financial statement, operations, and procedures to ensure compliance with laws, regulations, and internal policies. Review financial data to ensure accuracy and completeness and to identify discrepancies or irregularities. Prepare reports on their findings and make recommendations to management for improvements in operations, financial reporting, and internal controls.