FAQ
Frequently Asked Questions
Do you only handle bookkeeping, or can you also help me understand whether my business is actually making money?
Yes, we can absolutely help you understand if your business is making money. We’ll analyse your financials and provide clear, detailed insights so you can make informed decisions. If you’re not yet in profit, we’ll work with you to implement changes that move your finances into the green.
Last year, I received a large and unexpected tax bill. Can you help me understand what tax I might need to pay so I can plan ahead and avoid surprises?
A surprise tax bill can be a real shock for any business owner. At Launch Bookkeeping and Advisory, we give you visibility over all your liabilities and regularly estimate your potential tax obligations throughout the year so that you are prepared at tax time.
Sometimes I’m unsure whether I can spend money from my business account. Will you be able to help me understand what’s safe to spend and what needs to be set aside?
Many businesses pay their BAS and PAYG quarterly, so it’s important to have a clear understanding of what those amounts might be ahead of time. We provide clarity around your cashflow, helping you see not only how much money is in the bank, but also how much should be set aside for upcoming BAS obligations.
My last QLS Trust Audit had some breaches of the Act, can any bookkeeper help me with this?
Unfortunately, not all bookkeepers are familiar with the intricacies of QLS Trust Accounting. With over 20 years of experience in trust accounting, we ensure full compliance and support you in implementing new processes and procedures to future-proof your audits.