Preparation & Review Of Accounts & Tax Returns
Accounts & Tax Returns
Olive tree has been servicing the accounting firms in their accounting and tax returns preparation functions.
Our team is familiar with various geography specific accounting practices and local statutory laws/ requirements. Our accounting team comprises Chartered Accountants (CA) and highly experienced professionals in accounting domain.
Olive Tree is currently servicing all states in Australia with dedicated, qualified and 3 years plus experience team of professional accountants.
Bookkeeping & Quarterly BAS Returns
- Input of sales, purchases, expenses with appropriate GST codes
- Input of bank entries and reconciliation
- Debtors and Creditors reconciliation
- Petty cash journals
- Monthly closing journals like depreciation, Hire Purchase interest etc.
Finalization of Year END Accounts
- Import of client data in to reporting software
- Review of General Ledger
- Reconciliation of Balance sheet items with the supporting
- Review of Profit & Loss items with the supporting
- Posting of Queries and updating of accounts based on query resolution
Entity / Individual Tax Returns and FBT
- Import / Input the financial information into tax return software
- Verify the information in the tax returns
- Application of various tax offsets or rebates as applicable
- Review the tax estimate and worksheets (validation errors)
- Calculation of FBT / Employee contribution.