Forrestfield, WA-based Murphy Sherry & Co. has updated its small business accounting service. It helps clients take advantage of tax benefits from federal assistance programs for 2020-21.
Murphy Sherry & Co. of Forrestfield, Kalamunda announces the launch of its updated accounting service for small businesses. It helps clients maximise tax benefits from federal programs designed to mitigate the effects of the current pandemic.
More information about Murphy Sherry & Co. is available via https://msco.com.au
By hiring registered tax agents, entrepreneurs are able to promptly and properly lodge their returns before the June 30 deadline. Murphy Sherry & Co. draws on over 45 years of accounting experience to streamline the tax preparation process.
In response to the global outbreak of COVID-19, the federal government introduced a range of tax-advantaged benefits to help businesses survive the downturn. These include direct stimulus funds, accelerated depreciation, or outright asset write-offs.
However, if entrepreneurs do not factor in these grants in their tax lodgement, they might end up paying more than is necessary. As such, Murphy Sherry & Co. carefully reviews a client’s records if they received federal assistance to avoid such a scenario.
Further details are available at https://msco.com.au/services
As a full-service accounting firm, the company can handle all aspects of tax lodgement, including compliance, planning, and risk management. Based on the 2021 returns, it can also provide business forecasting, budget recommendations, and management reports for the fiscal year ahead.
Small and medium enterprises (SMEs) can enjoy crucial benefits by having their taxes professionally prepared. Foremost of these is saving time, especially as government subsidies will only further complicate the tax filing process.
Hiring a qualified public accountant also protects enterprises from mistakes that could result in audits or even penalties. By carefully reviewing a company’s financials, they can also help business owners make pragmatic and data-based business decisions.
Murphy Sherry & Co. is a leading firm that services the greater Kalamunda area. It is headed by Rob Murphy, a professional public accounting and taxation expert who has worked with clients from a wide range of industries.
A spokesperson says: “As a public accounting firm, we offer a comprehensive range of business back-office support. We provide practical guidance, advice, and planning assistance for SMEs, entrepreneurs, and their families.”
Interested parties may visit https://msco.com.au/office-location if they need further information about the company and its services.