Tax Planning, Preparation & Minimisation

About This Project

Technology continues to change the way we do business, especially in the area of accounting. Many businesses now use virtual CFOs to minimize costs by handling simple, day-to-day financial transactions in-house, or outsource their bookkeeping to a qualified company.

Virtual CFOs

DNM Group can recommend, establish, or transition your accounting to an online “cloud” environment which offers many advantages. Rather than installing software on individual computers or networks which constantly need updates and backups, you host your data in one secure remote server hosted by a third-party provider. These providers invest heavily in security which reduces risk of data loss, corruption, or breach. All users access one server, so you always have up-to-date information.

Besides the convenience of a central location and instant access to the latest updates, cloud computing offers cost savings, speed, and scalability. Instead of investing money in hardware, software, and IT maintenance you can invest profits in other areas to grow your business. You can also buy additional server space easily and reasonably as your business grows.

Our team has extensive knowledge and experience with Xero, Reckon, Banklink, Cashflow, MYOB, Saasu, and Quickbooks. We can install the software, tailor it to your business needs, train your staff, and offer ongoing support.

Bookkeeping Services

Another way DNM Group can assist you is through our bookkeeping service. Using a professional accounting firm ensures proper accounting standards and unbiased financial advice when you need it. We offer a full range of bookkeeping services, including accounts payable and receivable.

Keeping a bookkeeper on staff can be costly, but we can usually manage your books at a significantly lower cost. Using DNM Group also protects the interests of the owner or owners, because we focus on the numbers and follow strict rules of professional conduct and use industry recognized accounting standards. We can provide you with clear insights into your financial strengths and weaknesses and how you can improve.

Benefits of DNM Group

The DNM Group includes chartered accountants and business advisers with years of experience and industry expertise. We can provide you with any or all these services as you need them.

Monthly & Quarterly Financial Reports

Scheduled financial reports help owners measure the pulse of their business. By comparing information from previous reporting periods, owners get rich insight into business performance and growth. They also help owners predict their future earnings potential and measure risk.

Special or General Purpose Financial Statements

Financial statements provide owners the information they need to make wise economic decisions. They provide understandable, relevant, reliable and comparable figures regarding assets, liabilities, equity, income and expenses which directly relate to your business’ financial position. They are also the primary source of information for lenders and investors to measure your business’ worth, stability, and risk.

Scheduled Management Reports

Tracking relevant data specific to your business can help decision makers improve operations and overall profitability. Companies can lower operational expenses, improve cash flow, and increase financial returns using key performance indicators and insightful decisions based on data, not guesswork.

Performance Evaluation

DNM Group can also perform a ratio analysis on your business to evaluate its efficiency, liquidity, profitability and solvency and whether your company has improved or deteriorated.

We also offer an industry comparison to see how you measure up against the competition and what you can do to improve including forecasting, budgeting and cash flow analysis.

Business Consultations & Expert Advice

DNM Group offers professional consultations and targeted financial advice, no matter the size or level of your business. We’re chartered accountants and experienced business advisers. Let us help you attain your business goals, generate wealth, and grow your business.

Love this article - Share it with friends below!
Custom Field

Lorem ipsum dolor sit amet

Business Tax