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Introducing the simplest, uncomplicated way to have your accounts, BAS and tax returns completed – without stress, difficulty or time wasting that is usually involved when you are doing everything yourself.

Get on with running the salon and making money, without stressing about paperwork and the complexity of the GST calculations for this industry, worrying about the taxman, knowing that your lodgements are all up to date.

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The Cunning Fox takes all that time wasting of the past and gives you the most comprehensive accounting and tax solution that is not only accurate and effective, but also probably the most competitive option in the market place for your industry.

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You work in a highly competitive industry where competitors come and go all the time and you need to be sharp, making sure that the clients are happy, staff are well trained and your upsell program is working.

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Your industry is growing, but you need to focus on innovation and making sure the client comes back – we will focus on the accounts, giving you the right information and keeping the taxman off your back.

Introducing the simplest, uncomplicated way to have your accounts, BAS and tax returns completed for your salon.

    You don’t need to learn an accounting package – just get on with running your business.

 Payroll is tied to the weekly accounts and it’s all kept up to date, so that everything is lodged on time, so that’s the end of late lodgement fees.

 Once setup, there is no paperwork stress – just make sure the payroll timesheets are kept up to date.

Get on with running your salon and making money, without stressing about paperwork and the complexity of the GST calculations for this industry, worrying about the taxman, knowing that your lodgements are all up to date.

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You work, very much in a people industry, be it clients, staff or suppliers and you need a lot of energy to deal with them. You have enough to do.

Our reports, especially the cruncher tells you how your cash flow is going, and the financials lets you know how your business is going.

The Cunning Fox takes away all that time wasting of the past and gives you the most comprehensive accounting and tax solution that is not only accurate and effective, but also probably the most competitive option in the market place.

How it works

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We complete all transactions through the bank account and card or cards associated with that account ONLY – NO cash receipts (constant handling of cash is waving a red flag to the ATO and who needs the aggravation anyway).

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We complete all the bookkeeping, accounting, cash flow reporting, profit and loss, balance sheet and lodge BAS and tax returns.
Everything.

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Payroll is completed through our payroll system

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You will probably have better information than you had before, keeping a pulse on your business – our accounting system is also a great business tool, not just for tax.

You get to see if you are in the ATO benchmarks and what you need to focus on.

What you do

Ask further questions, look at our FAQ.

Sign up to be our client.

Check to see if the accounts are behind and catch-up if needed, so we know that we are working with an updated balance sheet.

Sign in to the Precis Accounting bank feed so we never ask for statements again

Supply us with copies of financial agreements that relate to your business (car leases, equipment leases etc.), plus any other information you think we may need.
And we are ready to go.

What you do after

Supply us with any new finance agreements (these don’t happen often)

Check the monthly accounts completed that we send to you, sign the BAS and the tax returns when due.

Ask any questions about the accounts you have.

Get on with your business.
That’s it
Nothing else.

What we do

Having the information from the bank feed, complete your accounts and send you the cash report (cruncher).

Every month complete the profit and loss and send these through to you.

Every quarter complete your BAS and every year pass through the annual accounts for lodgement and signature. Easy for you.

A quick Cunning Fox service that allows you to get on with your Salon, with Precis Accounting.

Features

One Fee–

No extras for bookkeeping or accounting.

No extras for BAS and tax lodgements,

All information of your finances are constantly sent to you. You can see the financial statements, BAS and tax returns. How much you have made and what you owe in tax.

It’s easy to audit our work with the information we give you.

Annual tax returns for the business.

You don’t need to worry about subscribing to an accounting package The Cunning Fox does the work for you.

You don’t need to waste time learning how to use an accounting program or be embarrassed about asking how to use it – The Cunning Fox does it all for you.

It may look like a virtual accounting service, but your accountant is there to help, answer questions and help you understand the reports and the finances of your business – no limit.

Our unique number cruncher report, allows you to review and check work and understand your cash flow as well as accounts without making reading accounts a “turnoff”.

FAQs

So let me ask you again – after paying $86 including GST per week there is nothing else to pay?

That’s right that’s the fee plus payroll which will depend on the number of staff you have.
That’s right – that’s the bookkeeping, accounting, BAS, and tax returns all rolled into one fee.

Why does this deal include payroll?

One of the major costs to an accounting firm is auditing payroll at the end of the year, to send out group certificates and complete a PAYG summary.
By offering a competitive payroll service, we are able to keep everything up to date with our own Audits.
If the ATO came looking for an audit we would be ready.

I have a POS (Point of Sale system) – what happens here?

You keep your point of sale system.
This helps you track the floor staff, how often clients come in and stock items you are selling.
In our experience few businesses have successfully tied back point of sale to their accounting
package anyway, but continue to use it and keep it updated, as it helps you make micro decisions.

Also, if you have considerable stock especially in upsell items, this helps you keep an eye on the stock for purchases and control.

What if I am behind in my accounts? We can help you – and quickly.

We can help you – and quickly.
We can complete a catch-up of all the accounts and lodgements.
In most cases we can complete this for the same price as the program, and we will have you up to date and compliant quickly, and we will talk to the taxman if needed so you don’t have that stress.

What about creditor’s ledger and any debtors I may have?

Because we are reporting on a cash basis, and can do so up to $10 million dollars of turnover, the creditor’s ledger and debtor’s ledger are not needed to complete the accounts for the Australian Taxation Office.
You keep the creditors and debtors’ ledger as well as make payment when the bills are due.
When you pay the bills or collect a debt that is when they become part of the reportable accounts.