Premierone
Premierone - 50 years experience
PremierOne-TrustedAccountingPartner-melbourne

Does your business need professional bookkeeping, payroll and ATO compliance? We can help!

We remove the stress of accounts, taxation and finances for individuals, families and businesses alike.
With over 50 years of combined experience, our Melbourne-based team works
with clients Australia-wide. Experienced, thorough and highly skilled, we deliver premier payroll, tax accounting and bookkeeping services as well as CFO services.
Our business advisory and tax accounting services are tailored to suit your needs and financial goals. Whether you’re a startup, or an established business, we offer more than simple accounting.
During a one-on-one discovery meeting, we learn about your current business and future goals. Then, we tailor a service to minimise tax, reduce costs and maximise profitability.
We provide:

  •  Reliable, friendly service
  •  Quick response times
  •  A proactive approach
  •  Outside hours access
  •  Qualified, experienced and conscientious accountants

We manage your accounting requirements, allowing you to focus on running, and growing, your business.
PremierOne is a certified practicing accountant (CPA) and tax practice.
Contact us to access premier bookkeeping, virtual CFO services, compliance and tax accounting services throughout Australia.
Phone: 03 8761 9022

Mobile: 0416 339 239
email: resultsmatter@premierone.net.au

Liability limited by a scheme approved under the Professional Standards Legislation

We offer tailored accounting services

Payroll Solutions

★ Pay Run Processing

★ Payroll tax compliance

★ Single Touch Payroll (STP)                                        reporting

★ Superannuation reporting

★ Statutory Requirements

TAX ACCOUNTING

★ Experienced certified practicing accountants(CPA)

★ Business Tax

★ Personal Tax

★ Investment Property Tax

★ Registered Tax Agents

Xero/MYOB Bookkeeping

★ Xero Bookkeeping

★ MYOB  Bookkeeping

★ Accountright Bookkeeping

★ Monthly BAS/ GST Lodgement

★ Quarterly BAS/ GST Lodgement

★ Yearly BAS/GST Lodgement

Virtual CFO Services

★ Cash flow forecasting and budgeting

★ Monthly management accounting

★ Systems, processes and procedures

★ Independent review of in-house accounting

★ Profit and cash flow reporting

★ Business financial health check

Clients love our exceptional service!

Read All Reviews

Why Choose PremierOne Accounting Services?

 1

PREMIER SERVICE

FOR SMALL BUSINESS OWNERS

50+

Years Of

Professional Experience

 70+

Satisfied Clients

In Australia

4000

Average Taxes Saved

Per Client

We Build Trust Through Excellence

Qualified & Experienced Accountants

Our team are highly qualified, experienced professionals working under the guidance and supervision of CPAs with extensive expertise.

Reasonable and Transparent Fees

We strive to reduce your tax bill, increase profit margins and help you scale your business. Our budget-friendly fees pay for themselves in the long-term.

Personal Attention Produces Results

By offering a full range of specialised, tailored services and delivering premier customer service, we strive to become your trusted advisors.

Long-lasting Client Relationships

Our premier service is built on trust, reliability and satisfaction leading to long-lasting client relationships.

Unlimited Email and Phone Support

We are available to meet your needs. Unlike others, we offer unlimited phone and email support to our clients. In this way, we become a seamless addition to your business.

Proven and Robust Software Systems

Our proven processes, and efficient project management system,ensures your accounting and bookkeeping services are delivered efficiently and accurately.

Industries We Serve

Aged Care

Information Technology

Energy and Environment

Hospitals

Construction and Property Development

Engineering

Health and Wellness

Skilled Traders

Wholesale and Retail

Medical Clinics

Restaurants

Aviation Engineering

Printing Technology

International Student Enrolment Services

Creative Industries

Auto Servicing and Repair

Frequently Asked Questions

Payroll Services

  • What is payroll tax and PAYG withholding?

    Payroll tax is the levy payable by the businesses to the state revenue offices based on the annual Australia national wages threshold stipulated for each state. It is payable either on a monthly or yearly basis. 

    PAYG withholding is the income tax applicable to your employees’ wages and salaries, which needs to be deducted from the salaries and wages payment and remitted to the ATO either monthly or quarterly, based on your gross sales turnover. 

  • What are the various employment arrangements that are commonly seen in Australia businesses?

    • Full-time employment where an employee works for a total of 38 hours a week. 

    • Part-time employment where an employee works only for a few days or hours in a week with full-time employment entitlements calculated pro-rata. 

    • Casual employment where an employee works on a casual basis with no specified hours and is not entitled to the benefits and entitlements applicable for full-time employees. 

    • Labour hire where the employee performs the work on a contract basis, with the contract start and end terms clearly defined. This is commonly seen in the Information Technology industry.

  • What are the critical factors for you to have an employee on board?

    • The age and right to work in Australia 

    • Tax residential status 

    • Adequate work cover insurance to be provided by the employer 

    • Superannuation membership 

    • Tax file number 

    • Bank account details

  • What are the significant entitlements for the full-time/part-time employees?

    • Personal/carer’s leave (formerly known as sick leave) 

    • Annual leave 

    • Long service leave 

    • Public holiday pay 

    • Compassionate leave 

  • What are the typical pay periods practised by Australian Businesses?

    • Weekly: 52 cycles per year 

    • Fortnightly: 26 cycles per year 

    • Bi-monthly: 24 cycles per year 

  • What attracts a superannuation guarantee charge (SCG) for employers?

    Wages, commission, allowances, bonuses are considered ordinary time earnings (OTE) and, accordingly, SCG is payable by the employer on such. 

     

    Overtime wages don’t attract a SCG. 

  • What are the various regulatory/statutory reporting obligations for the employers?

    • Single Touch Payroll (STP) reporting to the ATO at the end of each pay period processing. 

    • Superannuation contribution to the nominated super funds through the clearinghouse on quarterly or monthly intervals. 

    • PAYG withholding reporting and payment to the ATO monthly or quarterly based on whether you are a small, medium or large withholder. 

    • Computation and reporting for the payroll tax on a monthly or annual basis to the respective state revenue offices based on which states your employees are located. 

    • Annual actual wages declaration to your work cover insurances (this varies for each state) based on which actual premium is determined. 

    • If you are engaged in labour hire contracts or supply services, a labour-hire licence is now mandatory. 

    • End of financial year (EOFY) STP reporting and reconciliations to produce payment summary reports to your employees and the ATO. 

  • What are the EOFY tax-saving tips and tricks?

    • Ensure the wages for June are paid and credited into the employees’ bank accounts on or before 30th June. 

    • Ensure your superannuation for the June quarter gets paid by 30th June to qualify for a tax  deduction. If it’s not possible to determine the superannuation liability for June, pay April and May at least, which will act as a tax saver for you. 

    • If you have any KPI bonus, commission, directors’fees or incentives that are payable relevant to the current financial year but could only be correctly computed and paid in the subsequent financial year, making a provision in the current financial year will also act as a tax saver. 

     

  • What challenges could an employer face concerning payroll?

    • Initial setting up and configuration of the employees with the proper employment classification and entitlements. 

    • Pro-rata calculations for a new start and exiting employees. 

    • Answering technical queries from employees. 

    • Calculation of the complex payroll tax obligations and potential penalties if not reported correctly.

    • Tracking of leave entitlements, especially long service leave, as it varies from state to state. 

    • Ensuring the accrued employees’ entitlements are appropriately accounted for to assess realistic business performance metrics. 

    • Frequent changes in working hours, overtime hours and pay rates requires accuracy and attention to detail. 

    • Processing of parental leave, maternity benefits, redundancy and work injury-related entitlements and payments. 

    • Correct reporting to the ATO and annual reconciliation for wages/PAYG withholding.

    • Implementing good governance and controls in my payroll process to mitigate the risk of error and fraud.

    • If your payroll system is a standalone system, periodical summary reports will get picked up  in your financial accounting systems. 

    • Remembering that KPI or performance bonuses are to be paid exclusive of a superannuation contribution.

  • What’s PremierOne's Process?

    • Setting up and configuring your payroll systems, specific to your requirements. 

    • Creating the master file data for your employees with date of birth, TFN, leave entitlements  and pay rates. 

    • Process the pay run based on timesheets and sending the draft for your approval. 

    • Once approved, we finalise the payroll, email payslips to employees, send you the electronic batch file for processing through online banking, and fulfil ATO reporting requirements through STP. 

    • Superannuation processing either monthly or quarterly based on your reporting obligations. 

    • End of financial year STP finalisation and reporting to the ATO. 

    • Month-end reporting to track the various payment categories, changes over previous pays and gross summary journal.

    • Round-the-clock support to address any queries that arise.

    • Appropriate calculation of tax for fractured pays arising due to termination and onboarding  of employees outside the normal pay calendar. 

    • Tax Accounting

  • Does PremierOne offer tax accounting services for small businesses?

    YesPremieroOne’s well-trained accountants, CAs and CPAs assist small and medium enterprises across Australia. We serve individuals, companies, trusts, partnerships, sole traders, small businesses and more. 

  • Do you offer tax accounting services outside of Melbourne?

    Yes. Though we are located in Melbourne, we offer tax accounting services throughout Australia.

  • What is the cost for accounting and tax services?

    Our costs vary depending on our clients’ requirements.Book your FREE 15-minute CPA consultation to learn more.

  • Why do I need an accountant?

    A good accountant does more than just prepare taxes and financial statements. They become your business mentor. Alongside their primary accounting responsibilities, they will guide you in reducing costs and utilising your finances efficiently for the growth of the organisation. They deeply analyse, interpret and convert financial data into actionable business intelligence. Accounting services include tax planning, business consulting and personal financial advice. 

     

  • What locations do you offer your tax accounting services in Australia?

    We are located in Melbourne but work with clients Australia-wide.

  • How experienced are your accountants?

    PremierOne is a leading tax accountancy in Australia with a team of highly-experienced and dedicated tax experts. The average experience of each of our tax accountants ranges from 10 to 40 years. 

  • Consult with an external Accountant or Bookkeeper for my small business?
    Some small business organizations may have an in-house Accountant/Bookkeeper, but that they may not have experience overcoming a particular challenge or achieving a particular goal (such as systems design, raising capital, etc.). A Virtual CFO may consult with or advise the existing Accountant to elevate the performance of their financial team, elevate overall financial strategy, and transfer valuable skills.
  • How can financial forecasts help my small businesses?

    For small businesses, forecasts serve a variety of purposes, including budgeting, fundraising, analysing the health of a company, projecting growth, restructuring and more. This information helps you to achieve your long-term goals. 

  • Can small businesses claim for work-related expenses during tax returns?

    PremierOne helps small businesses navigate which work-related expenses can be claimed.

  • What payroll software do you recommend for small business owners?

    PremierOne offers payroll services across multiple platforms. For small and medium enterprises we recommend Xero or MYOB.

  • Can you support small businesses working from home?
    Yes. At PremierOne, though we are located in melbourne we offer online services throughout Australia for medium and small businesses for all tax & accounting needs
  • What advice do you have for small business owners looking to retire?

    The key to early retirement is good succession planning. A realistic and achievable plan will help you make a transition out of your small business. Our expert team can assist in with all legal obligations and documentation.

  • Can you help small businesses if they haven't filed tax returns for 5+ years?
    Yes. PremierOne supports small businesses who are behind in their tax filing.
  • Can you help small businesses correct issues in their tax returns?

    Yes. We help small businesses to correct any issues that occurred in their previous tax returns.

  • Can clients reach out after hours in cases of emergency?

    Yes. We accept calls outside of working hours in cases of emergency. 

    • Bookkeeping Services

  • What is bookkeeping and why is it important?

    Bookkeeping is the process of recording all your financial transactions into accounts on a regular basis, preferably daily. It is essential for understanding your business performance and for preparing financial reports. 

  • What does a bookkeeper do for a small business?

    A small business bookkeeper takes care of all financial aspects of a small business. This alleviates the stress from the business owner. 

  • What are the possible challenges an Employer Could face concerning the Bookkeeping??
    • One of the biggest challenge in book keeping is being aware of tax concessions, liabilities and current government rules • Managing Flow Of Capital: This is really crucial for forecasts and management of the debts in a smart way • Formulating Process for Accounts: Receivables and collections • Failing To reconcile on a regular basis : it is recommended to reconcile monthly financial statements for keeping track of your business earnings and spending. • Controlling Expenditure: Bookkeepers help in reducing the expenditure by reviewing the amount spent on each resource and cutting down the unnecessary cost on time. • Ensuring the accrued employees' entitlements are appropriately accounted for in the accounts of accounts to assess the realistic business performance metrics. • Frequent changes in the working hours, overtime hours and pay rates would require someone capable of processing these correctly. • Processing of parental leave, maternity benefits, redundancy and work injury-related entitlements and payments.
    • Correct reporting to ATO and annual reconciliation for the wages/PAYG WH reported to the ATO with the payroll system. • Do I have good governance and controls in my payroll process to mitigate the risk of error and fraud?
    • If your payroll system is a standalone system, periodical summary reports will get picked up in your financial accounting systems. • Suppose the KPI or performance bonus is meant to be paid as super exclusive, in 8/10 cases. In that case, it gets processed with superannuation, which goes unnoticed by the employers and does cause a severe negative impact on the bottom line.
  • What’s PremierOne's Process?
    • Setting up and configuring your payroll systems, specific to your requirements. • Creating the master file data for your employees with date of birth, TFN, leave entitlements and pay rates. • After getting the timesheet from you, we shall process the pay and send the draft for your approval. • Once approved, we shall finalise the payroll, email the payslips to your employees, send you the payment electronic batch file for you to process through online banking and reporting to the ATO through STP. • Superannuation processing either monthly or quarterly based on your reporting obligations. • End of financial year STP finalisation and reporting to the ATO. • Month end reports for you to track the various payment categories, changes over the previous pays,
gross summary journal for your accounts department to account for the payroll. • Round the clock support to address queries/issues coming from you and your employees. • Appropriate calculation of tax for fractured pays arising due to termination and onboarding of employees outside the normal pay calendar.
  • Why outsource my accounting department?

    Outsourcing the accounting department to a dedicated, highly-skilled professional services firm allows you to focus your time and energy on business strategy and goals.

     

  • What locations do you offer bookkeeping services in?

    Though we are located in Melbourne, we offer bookkeeping services Australia-wide.

  • Where is PremierOne located?

    You can find us at Suite 225, Waterman Business Centre, 44 Lakeview Drive, Scoresby, VIC 3179. 

  • What are the duties of a bookkeeper?

    Bookkeepers are primarily responsible for maintaining the details of all business transactions. This includes payment remittance, submitting payments, recording payments in ledgers etc. They may also send reminders to clients.

  • What does my bookkeeper need to know

    Our bookkeepers become familiar with your chart of accounts for recording your financial statements. Bookkeepers also reconcile your bank accounts. 

  • Can your bookkeepers manage accounts receivable?

    Yes PremierOne’s bookkeepers are well-equipped to keep track of your account receivable of  your business. 

  • What is the difference between a bookkeeper and accounting clerk?

    Our bookkeepers manage accounts of entire small to medium business enterprises. An accounting clerk can only manage specific accounting tasks.

  • How much does outsourced bookkeeping from PremierOne cost?

    Our costs vary depending on our clients’ requirements.Book your FREE 15-minute CPA consultation to learn more.

  • Can your bookkeepers provide financial advice?

    Our bookkeepers provide data which can be used for understanding the financial status of  your business. For financial advice and forecasts you can utilise our virtual CFO services. 

  • What is the minimum duration I can hire a PremierOne bookkeeper for?

    The minimum appointment is just 5-hours.

  • Can PremierOne outsourced bookkeepers do Xero bookkeeping?

    Yes, our bookkeepers are experienced in Xero bookkeeping.

     

  • Can PremierOne outsourced bookkeepers do MYOB bookkeeping?

    Yes, our bookkeepers are experienced in MYOB bookkeeping.

     

     

    • Virtual CFO Services

  • What is a virtual CFO's role in a growing organisation?

    If you are adding new products or expanding into new markets a virtual CFO can advise on strategy. They can also assist in cost management, risk analysis and maximising margins. 

  • Can a virtual CFO help resolve specific financial challenges?

    A virtual CFO has most likely solved challenges like yours before. They have experience designing and implementing realistic, long-term change.

  • Can a virtual CFO help with raising debt or equity capital?

    A virtual CFO can help with raising capital by providing strategy, assisting in due diligence, attending meetings to establish expertise, advising on the right combination of debt and equity financing and negotiating term sheets. 

  • Can a virtual CFO help to maximise margins?

    Virtual CFOs can help maximise margins by analysing current costs and pricing structures. Our Virtual CFOs can analyse your current financial documents to determine improvements that can be made and to help execute those improvements. 

  • Can a virtual CFO help to scale systems?

    Virtual CFOs can help scale systems to handle growth and added complexity, including financial, sales, operational or business systems. They can also make recommendations regarding new or improved systems that may be required.

  • Can we resolve the need for an interim CFO with virtual CFO?

    If an organisation is currently between CFOs, or still determining whether a full-time CFO can benefit their company, they may hire a virtual interim CFO to manage financial strategy  in the meantime. 

  • Should you consult with an external Accountant or Bookkeeper?
    Some organizations may have an in-house Accountant/Bookkeeper, but that they may not have experience overcoming a particular challenge or achieving a particular goal (such as systems design, raising capital, etc.). A Virtual CFO may consult with or advise the existing Accountant to elevate the performance of their financial team, elevate overall financial strategy, and transfer valuable skills.
  • Can a virtual CFO provide a financial forecast?

    Yes. Our virtual CFOs have extensive experience in forecasting and can provide a detailed forecast based on your long-term goals. 

  • Is a virtual CFO necessary for small businesses?

    As a company begins to grow, the need for financial planning also arises. A virtual CEO allows you to access high-calibre talent without the price-tag of an in-house hire.

  • What services are offered by PremierOne virtual CFOs?

    Our virtual CFO’s will oversee your current bookkeeping and controller staff to ensure all procedures are optimum. They also present accurate financials and ensure you are using the correct and most up-to-date financial software to best operate your business. 

  • In which locations does PremierOne provide virtual CFO services?

    Though we are located in Melbourne, we offer virtual CEO services throughout Australia.

    • Our Blogs

    Meet Our Team

    Maru Natarajan

    Managing Director

    With 25+ years’ professional experience working as a chief financial...

    Charitha Ranasinghe

    Manager - Client Services

    Charitha is a chartered accountant with over 12 years’ professional...

    Fransisco Silva

    ON-CALL / VIRTUAL CFO

    Francisco is a chief financial officer (CFO) with 20 years’...

    Hirusha Jayasekara

    Aged Care Accountant

    A commerce graduate from Deakin University, Hirusha specialises in accounting...

    Rohit Maru

    JR Accountant .

    Rohit provides administrative services and exceptional customer experience to clients....

    Maree Hamilton

    TAX ACCOUNTANT

    Maree is a certified practising accountant (CPA) and member of...

    Our Certification Partners

    Book your 30 minutes of free CPA Consultation today!

    ☆ No Obligations ☆ No Commitments ☆ No Contracts

    Quick Contact





      Select all services that apply:






      Home

      Payroll

      Whatsapp

      Call