Best Restaurant and hospitality Business Tax, Accounting, Payroll, Billing & Payment Statement reconciliation services provider in Australia

PremierOne is one of the leading Tax accounting firm in Australia providing tax, Accounting, Payroll, Billing, Payment Statement reconciliation and all other essential services to leading hospitality and Restaurant businesses.

At Premier one we provide expert tax advice on all areas of tax accounting. Few areas we specialize are:

Buying and selling a business; acquisitions and mergers.
International tax planning and inter-border transactions
Business restructuring
Capital gains tax, along with CGT small business concessions
Planning and due diligence
Employee remuneration packages and incentives
Structuring and Implementation of employee shares if any in the organization.
Tax advice in relation to winding up businesses and succession planning
Process for incorporation of other companies
Applications of Division 7A and deemed dividends from loan arrangements
Fringe benefits tax
Tax consolidation
Compliance: preparation and lodgement of all necessary returns
Management and assistance with tax reviews and audits
Suggestions on transfer pricing

The purpose of tax accounting is to be able to track funds (funds in as well as funds going out) associated with individuals and entities. With a sophisticated Australian Tax System, the tax on the business profits, employment income, capital gains and rental income must get reported to the ATO in the form of annual tax returns. Our team with their expertise will make the process smooth and transparent for restaurant and hospitality businesses across Australia.

PremierOne is a leading tax accountant in Australia with highly experienced and dedicated tax experts, can look after all tax accounting requirements for Restaurants and hospitality businesses. Our accountants tailor solutions to your specific need and circumstances.

Tax Accounting for Restaurant and hospitality businesses

For a restaurant, tax accounting focuses on items such as income, billing, payment statement and other transactions that involves cash flow; this limits the amount of information that is necessary for a restaurant to manage their tax return. It is always advised for restaurants to have qualified tax accountants as the process is complex.

Meanwhile, general accounting would involve the tracking of all funds coming in and out of the persons’ possession regardless of the purpose, including personal expenses that have no tax implications.

We would also help you with the individual annual tax returns of the stake holders along with the tax returns of the restaurant and hospitality businesses.

Payroll Services for Restaurants and hospitality businesses

Falling behind in tax obligations is one of the significant causes of business failure for Australian hospitality businesses. In an increasingly complex tax environment, keeping up to date with taxation regulations is an absolute must for businesses of any size or industry. Our team of tax accountants in Melbourne will work with you and your team and share their knowledge and expertise to help provide transparency when it comes to all things in tax accounting for hospitality businesses.

Whether you are an established business that has been trading for some time or a start-up launching your new business venture, our pro-active accountants work with you to make a real difference. You’ll be able to have absolute confidence that your restaurant and hospitality business tax is in good hands.

We Provide Payroll services to the restaurants, bars, cafe and other hospitality industries for small to medium sized firms with employees ranging from 2 to 500. In Payroll we would provide suggestions on the salary break up, tax deductions etc, inline with current australian tax standards

Billing and statement reconciliation for restaurants and hospitality businesses

Billing and statement reconciliation is an important and complex process for any restaurant ad hospitality businesses due to their volume and frequency of purchase.

At Premier One, we have accountants who do billing and statement reconciliation for restaurants day in and day out. Our qualified accountants would identify the required statements to be consolidated and work towards them and make the process a smoother one for restaurants, cafe, bars and other hospitality industries and also for audit purpose.

Whenever there is a change in any process due to change in Australian tax rules, they would be informed to the restaurants, bars, cafe and other hospitality businesses for their billing and incorporated by our accountants and bookkeepers.

No better compliment than the words of our Happy Clients

Raja Koushik

Highly recommend for tax accounting services after second time tax filing This is the second time I have filed my tax returns through Premiere One. Maru is prompt, friendly and supportive. He goes through our documents in detail and ensures the tax returns are filed without any further hassle. Highly recommend! - 1/29/2023

Saranya Devi R

Filed tax Returns and got tax refund on time I recently had my first tax returns filed by Mr.Maru. He is transparent, friendly, meticulous and the entire process was quite easy. I got my tax refund processed in time. Thanks - 1/29/2023

Samita Maharjan

Highly recommended for Accounting services near Melbourne, Australia Thank you for your continuous support, Suresh. Your professional advice and guidance have always been our back support. Reliable, flexible, easily approachable and very proactive. Highly recommended ***** - 12/19/2022
Darren

Reliable Accountants for accounting, financial returns & tax returns Excellent accountants who we use for tax returns and our financial advice. Very approachable and reliable, always willing to help and provide guidance. Thanks to Suresh (Maru) and his team for assisting with our organisations financial needs. - 12/19/2022

K Magalage

Quality, Personalised & Professional tax accounting, bookkeeping services in Melbourne, Australia PremierOne Tax & Accounting provides a quality, personalised, professional service. Their turnaround time is impressive. Charges are fair. They provide tax consultation, lodgement, or bookkeeping services.

All the best to Suresh and the PremierOne Tax & Accounting team. Kay Magalage CPA ACMA. Financial Accountant – Viotas Australia - 11/13/2022

Rifki Sendjaja

Top Small business Accountant in Melbourne Best accountant in Melbourne. Good service. Attention to detail is their strength. - 10/07/2022
Elton Rodrigues

Impeccable services in our tax returns. Professional tax accountant in Australia. My family & i completed our tax return through PremierOne, and were very thankful and quite impressed with the impeccable service, as well as their professional approach. They ensured that we were looked after in a timely manner and stayed in contact with us through the whole process. Awesome outcome... read more read less - 9/16/2022

Anfino Sherfin

Glad in availing tax services from premierone. Best tax accounting services near melbourne. I’m so glad I contacted Maru for my tax this year. Being referred by my friend, it was a no brainer and I do not regret it. Will be going back every year now. Thank you again 🙂 - 9/08/2022

Priya Sathish

Professional tax expert near melbourne - Recommended for tax and accounting services in Australia I recently lodged my tax returns with Maru. He is professional and knows what he does! Would definitely recommend him for any tax and accounting services. Thanks Maru for your efforts!! - 9/07/2022
Actavia Heath

Helpful in tax returns. Got highest amount back PremierOne was very helpful in getting my tax returns done very quickly and got the highest amount back as well they are the best. - 8/11/2022

Deleela Arul

Highly recommend for tax return in melbourne It was very easy and quick for our first visit, I will be going back for my next tax return, I highly recommend, see you soon. thanks for your help and advise. Thanks again Mr. Maru, Keep it up. - 8/08/2022

Francis LEE

Appreciate PremierOne team for awesome tax work. They are the Perfect Tax Agent near Melbourne. A perfect and awesome tax agent.. my messy job was complete with fast and unexpected time... good job PremierOne Team. A million thanx and Appreciate. - 7/23/2022
A V

Premierone - Best Concern for tax returns near Melbourne Excellent communication from the team at PremierOne Tax and Accounting when preparing my Tax Return this year. - 11/29/2021

lakshmi prabakar

Recommended Proactive Tax and Accounting team in Australia PremiereOne Tax & Accounting team are professional, prompt, extremely knowledgeable and amazing when it comes to accounting and tax compliance near me. I appreciate Mr. Maru's level of detail when providing written responses, but also the layman's approach when speaking! I highly recommend them to everyone and specifically if you... read more read less - 11/18/2021

Shobana Shunmuga Ramesh

One stop solution for tax and accounting needs near Melbourne PremierOne Tax & Accounting is an one stop solution for all your Accounting related needs. I have got an excellent service from Maru and team for my business and individual tax handling. The team is easy to reach and highly professional.PremierOne team was very helpful and clarified all my tax... read more read less - 11/15/2021
Adam vanLangenberg

Easily approachable and satisfying tax & accounting agent in Australia Maru is very easy to deal with, and is happy to answer any questions you have - 9/28/2021

Jayabharathi Prabakar

Best Tax accountant near me Mr.Maru was extremely thorough with the entire tax return process and ran me through all the requirements. He made sure I received all my entitled returns for the tax period. Will definitely be doing my taxes with Premierone Accounting in the upcoming financial years :)) - 7/27/2021

Kapila Prabakar

Informative and friendly tax accountant near me in Australia Mr. Maru was very helpful, informative and friendly throughout the whole process. Any questions asked very answered thoroughly and my needs were processed very efficiently. Thank you! - 7/24/2021
RM Laxman

Best Tax Accounting Firm Near me with Experienced accountants Best Accounting firm that I have dealt with yet. They really know their domain. I have been in business for many years, and the PremierOne team have helped us with our accounting works, following up regularly and thoroughly. They are very patient - taking the time to explain to us... read more read less - 7/16/2021

Jaidyn Lai

Good Expertise on tax laws in Australia Maru's expertise helped cleared a lot of my questions and his patience ensured I understood the concepts and tax laws. - 5/13/2021

John Ding

Happy with the tax accounting services of PremierOne. Best tax returns in Australia Completely Satisfied with the services of Premier One in Melbourne. - 4/30/2021

Read all reviews

Tax Accounting Services - FAQ

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.

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

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

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.

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

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.

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.

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.

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

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

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

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.

Yes. PremierOne supports small businesses who are behind in their tax filing.

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

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

Accounting General Queries

Full cycle Accounting is the process of maintaining and tracking of accounts by our accountants throughout the year. Our accountants do these activities every year until the company remains in business.

GAAP stands for Generally Accepted Accounting Principles. It is a collection of accounting rules and standards followed across the market for financial reporting. Our accountants follow these processes as they are seamless and error free.

Accounting Cycle involves multiple steps for the accounting events of a company like identifying, analysing and recording. It begins with the start of a transaction and ends when the transaction is recorded financially in statements.

Accrued income is a revenue that is rightfully earned . Small businesses, individuals and companies can all receive accrued income. Although it is not yet received, accrued income is recorded on the books as and when it is earned, in accordance with the accrual accounting method.

Accrued income journal entry is the journal entry for income which is earned during a particular period, bit is yet to be received until the end of that period. Though the amount is not received, our accountants will add it to the journal as assets as per the modern rules of accounting.

Accountants consider an income as accrued until it is not due for payment, while it is considered as outstanding while it is past due.

Accountants term the revenue which is earned but not yet invoiced or received as accrued revenue. It is also known as unbilled revenue. It is part of Accrual Accounting.

Yes. All our accountants have expertise in accrual accounting and it is a part of our accounting services.

Yes. you should add the interest availed during that period during the tax filing. If you are not sure, our accountants will be help you in adding the same.

It is a concept where accountants have to record every transaction in two different accounts. It forms the basis of dual entry accounting for all accounting frameworks for producing reliable financial statements

Yes. Our experienced accountants will help in resolving issues with previous accounting throughout Australia.

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Hospitality and Restaurant accountant