Business Accounting, BAS & Advisory for Owners

Yes — accounting and credit assistance are separate regulated activities, and one practitioner can be authorised for both. At Eternity Group, Rohan Manokaran is a Chartered Accountant and registered Tax Agent (TPB 25523469) and a Credit Representative (565110) under Australian Credit Licence 561324, held by Loans Only Pty Ltd. You deal with one person across both, with each scope and its fees set out in writing. It is a coordination benefit, not a guarantee of any tax or lending outcome.

No. You can engage the accounting side only, the credit-assistance side only, or both. Each is a separate service with its own scope, fees and disclosures, confirmed in writing before work begins. Many business owners start with one side and add the other when a decision — a purchase, a refinance or a restructure — touches both.

For a quarterly GST reporter with staff, the pattern is four activity statements a year, superannuation paid each quarter, STP reported every pay run with a finalisation declaration after 30 June, and then annual financial statements and the entity’s income tax return. Monthly reporters add an IAS cycle in between. The exact dates depend on your registrations and lodgement channel, so we map your specific calendar at engagement.

Monthly is the practical minimum for most trading businesses: bank feeds reconciled, GST coding reviewed and payroll tied out while transactions are still fresh. Files left untouched until BAS week get reconstructed rather than reviewed, and errors that slip through — miscoded GST, uncleared suspense balances, super out of step with wages — resurface at year-end or in an ATO data-matching query. A reconciled monthly file also means management reports, or a lender’s request for figures, can be produced without a special clean-up.

Accounting and business-advisory fees depend on the entity, the work and its complexity, and are quoted after a short scoping call and confirmed in a written engagement letter. For credit assistance, in most residential lending scenarios the lender pays broker commission; if a borrower-paid fee applies, it will be disclosed in writing before you proceed, including in any required Credit Quote or credit disclosure document. Our remuneration is explained in our Credit Guide.

Access to your accounting file if you have one (Xero, MYOB or QuickBooks), your most recently lodged BAS and tax return, a rough picture of team size and payroll cycle, and any ATO correspondence that is worrying you. Nothing needs to be tidy — the call exists to scope the work, and a messy file simply becomes part of what we quote for. If you have not started trading yet, the business idea and your expected start date are enough.

Typically the most recent lodged tax returns and financial statements for the trading entity, and often confirmation that ATO lodgements and any tax debt are up to date. Where the financial year has just ended, some lenders also accept interim or management figures from accounting software. The exact list varies by lender and product — we confirm it for the option being considered — but a reconciled file means each item can be produced from records that already exist.

Yes, and the handover is more routine than most owners expect. With your written authority we contact the outgoing accountant for professional clearance and copies of prior returns and workpapers, arrange the Xero subscription transfer or advisor access, and update the ATO to record us as your registered agent. You do not have to manage the transition yourself — a short authorising email from you is usually all that is needed, and lodgement history carries across intact.