
How can law firms benefit from LPO
As the demand for more competitive fees and access to advanced communication and information technologies increased, so did the need for innovative and creative solutions to deliver legal services
Every company with a vision to expand their business needs the right back office support. A team who can handle your accounting work, update business transactions, and optimise your process. Most importantly, a team who can help with your compliance requirements. Thus, you need our premium back office outsourcing services.
The DBA Business Services Division is more than capable of doing all your back office tasks. We are an umbrella of DBA Advisory Pty Ltd, a registered tax agent in Australia. We are also proud members and affiliates of the Tax Institute of Australia. Further, we have extensive experience working for well-known Australian accounting firms. Thus, we are qualified to prepare and lodge all your workpaper and reports, and ensure your business remains compliant.
We provide not only quality bookkeeping and tax compliance services, but also Business Activity Statements (BAS) preparation. You can expect quality up-to-date statements and reports from our experts on Australian tax laws and policies. Thus, you are guaranteed back office services standard with requirements of Australian tax systems.
Our knowledge in advance accounting software and technology, ensures accurate workpapers and faster turnaround times . In addition, we can recommend ways to improve and streamline your processes and structure your workflow. Thus, you can optimise your business, and offer more services to your clients.
Our experienced team of accountants can establish and implement a streamlined accounting process, so you can organise reports and transactions better.
We can also set up your subscription and chart accounts, and opening balance, and help in your bank data feed form preparation and client signature liaising.
Further, we can review and collate your financial statements from the year prior for a more organised workflow.
Our team of technically equipped accountants use various accounting software to maximise efficiency and provide fast delivery. We know the power of technology and cloud computing, and have leveraged our expertise to offer Real Time Accounting Services.
We provide real time general bookkeeping services, and payroll processing and reporting. Using cloud computing software also allows us to review balance sheets and profit or loss accounts, and manage your Super Stream.
In addition, we can do your Goods and Services Tax (GST), Pay As You Go (PAYG), and Superannuation reconciliation through the cloud.
Preparing your BAS, can be quite time consuming, but it is necessary in order to meet payments and report your obligations on time.
Our Business Services Division can help in the preparation and lodgement of your BAS. We provide workpaper preparation services, and accounts reconciliation and management. Our team can also prepare the workpaper for your GST, PAYG, and Superannuation.
Most importantly, we can lodge your BAS for you through DBA Advisory Pty Ltd.
In compliance with Australian financial reporting requirements, businesses must accomplish and lodge their annual financial statements.
Our team can do the review and preparation of your balance sheet, and profits or loss accounts. We also provide notes to the financial statement preparation, and can help in the annual minutes and resolutions preparation.
Further, in case of statutory audit, our team is also qualified to provide audit management.
Our team can help in the preparation of your requirements for the Australian Securities and Investments Commission (ASIC) annual review.
We offer ASIC annual statements management and correspondence. This includes management and lodgement of forms, and other compliance services. We also help in the preparation of minutes and director’s resolutions.
Moreover, we offer support services for Annual General Meetings (AGM), and Australian Securities Exchange (ASX) reporting and compliance related services.
The experienced accountants of our Business Services Division also provide support services for the preparation and lodgement of Income Tax Returns (ITRs).
Our team can do the preparation of your tax workpapers, statement of taxable income, and ITR schedules. We can also do the reconciliation and management of your accounts in the Australian Taxation Office (ATO) portal. In addition, we do the tax review for your balance sheet, and profit or loss accounts.
Most importantly, we can prepare and lodge your ITR forms through DBA Advisory Pty Ltd.
Knowing how to set up your business structure is very important when starting a business. Our team can prepare all your entity set up requirements, so you can have more time to focus on core aspects of your business.
We can register your proposed entity name with ASIC and process your Tax File Number (TFN) and Australian Business Number (ABN) with the ATO. Our team can also procure the third-party Corporate register and Deed. Also, we can process the fund balance rollover into your newly established SMSF.
In addition, we can help you with fund compliance documentation and employment related fund nomination. Moreover, we can set up the appropriate accounting software or admin tool for your SMSF and Super Stream.
Our team can help plan the future of your business by providing accurate and up-to-date financial reports.
We can help in the preparation of periodical reports, budget or forecast, and client specific customised reports. Also, we can provide back office support to the Chief Financial Officer (CFO) to help in developing improvement strategies to keep your business moving forward.
We are a proud XERO Platinum Partner. XERO allows for a seamless workflow management process, and is the backbone for efficient collaboration with our rapidly growing clients. The system integration between Xero Accounting Software and Xero Practice Manager ensures that process gaps are effectively eliminated through end-to-end business solutions.
Continuous learning and training is an integral part of our growth and we made sure all our team members are Xero Certified Advisors. In addition, though we encourage our team to be technically equipped, yet our foundation is rooted in fundamental accounting principles and tax standards. Thus, we are better accountants and business advisors.
We take care of client relationships by addressing your needs and providing value-added services. When you outsource to our Business Services Division, you can have more client-facing advisory time. Thus, you can build better business relationships with your clients.
Also, we know the importance of maximising profits. We guarantee up to 50% of savings on staffing costs when you outsource to our premium back office team. You can also devote more time growing your business, instead of struggling to manage the back office.
Indeed, the suite of services our Business Services Division provides can help you save on costs and have more time to focus on core tasks. Most importantly, you can enjoy greater technical bandwidth and take on more business opportunities or explore new service offerings.
As the demand for more competitive fees and access to advanced communication and information technologies increased, so did the need for innovative and creative solutions to deliver legal services
A SMSF, is set up solely for the purpose of saving up for retirement. When managed and administered properly, members can have a secured future with SMSF.
Let us help you. Now, more than ever, businesses will need outsourcing strategies to pivot your operations and position to survive beyond COVID-19.
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