Business Advisory Services

								
																												Lay the right foundations for a successful future with help from the business accountants and tax experts at RSM.

Small business accounting

How we help

Why choose RSM

Frequently asked questions

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Accounting and tax advice for small businesses

Running a business means staying on top of tax, accounting, cash flow and changing compliance requirements, while still finding time to focus on your customers and your next opportunity.

RSM's small business accountants provide practical, year-round accounting and tax support to help you understand your numbers, meet your obligations and make informed business decisions.

From financial statements, tax returns, BAS and GST through to tax planning, cash flow forecasting and business structure advice, we work with you to build strong financial foundations and support your business as it grows.

Small business accounting services

Good accounting is about more than completing your annual tax return.

Accurate, timely financial information gives you a clearer understanding of how your business is performing and what needs your attention.

Our small business accounting services include:

Financial statement preparation and reporting
Analysis of business performance
Cash flow preparation and forecasting
Budgeting and progress reviews
Annual business tax returns

BAS and GST compliance
Relevant employment tax obligations
Tax planning and strategies
Accounting systems and software support
Business structure and growth advice

More than a small business accountant

Your accountant should do more than tell you what happened last year.

Our accountants help small business owners understand their tax position throughout the year, plan for upcoming obligations and consider the tax implications of important business decisions.

We can help with business tax returns, BAS, GST, PAYG and other compliance requirements, as well as proactive tax planning and business structure considerations. As your circumstances become more complex, we can also connect you with RSM's specialist tax advisers for more complex transactions, structures and tax matters.

Here’s how RSM can help:

Monthly, quarterly, semi-annual, or annual financial statements

Ongoing analysis of financial statements

Cash flow preparation, advice, budgeting, and progress reviews

Recommendations and support for accounting software packages

Tax planning advice and strategies for small businesses, sole traders and large corporations.

Need more from your accountant?

Get practical, year-round support with tax, accounting, cash flow and the decisions that shape your business.

Supporting your business at every stage

Your accounting needs change as your business evolves.

We support sole traders, partnerships, companies, trusts, family-owned businesses and growing SMEs at every stage of the business lifecycle.

That might mean establishing the right accounting processes when you're starting out, improving reporting and cash flow as you grow, reviewing your structure as circumstances change or planning for succession and the eventual sale of your business. When you need expertise beyond everyday accounting and tax, you can draw on RSM specialists across business growth, outsourced finance, digital systems, corporate finance, tax and succession planning.

Why choose RSM as your small business accountant?

Whether you're facing a specific challenge or simply looking to strengthen your business, our advisers work with you to develop practical strategies that support better decision-making and sustainable growth.

Our clients benefit from:

experienced chartered accountants and business advisers
local advisers supported by national specialists
more than 30 offices across Australia
practical accounting and tax advice tailored to your business
expertise that can grow with you as your needs become more complex
access to specialists across tax, growth, digital, finance and succession

Small business accounting FAQs

What accounting services does RSM offer?

RSM provides comprehensive accounting support including:

Preparation of financial statements on a monthly, quarterly, semi-annual, or annual basis
Ongoing analysis of financial statements
Cash flow preparation, budgeting, and progress reviews
Recommendations and support for accounting software packages

Can RSM help with tax planning and strategies?

Yes—RSM offers tax planning advice and strategies tailored for businesses of all sizes, from small businesses and sole traders to large corporations.

What specific accounting and tax services are included?

RSM’s accounting and tax service range includes (but is not limited to):

Annual tax returns
Cash flow management
GST compliance and returns
Employment taxes
Financial accounting and reporting
Tax incentives
Tax planning and transactional support
Personal income tax preparation

How does RSM ensure businesses stay compliant with tax and accounting regulations?

RSM’s chartered accountants carefully monitor and interpret regulatory changes, ensuring that your business remains compliant. They translate financial jargon into plain English and keep your records professionally and accurately maintained, freeing you to focus on growing your business.

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Why choose RSM for Accounting and Tax services in Australia?

You can rely on RSM’s deep local expertise:

Over 100 years operating in Australia
More than 30 offices across the country
A consistent track record of client recognition (Client Choice Award winner for multiple years running)

What does a small business accountant do?

A small business accountant helps you manage your financial reporting, tax and compliance obligations while giving you greater visibility over the financial performance of your business. Depending on your needs, an accountant can also help with cash flow forecasting, budgeting, business structures and tax planning.

Learn more:

Really useful budget process.

When should a small business get an accountant?

It can be valuable to involve an accountant from the beginning of your business, particularly when choosing a business structure and establishing accounting and tax processes. However, an accountant can add value at any stage, particularly when your business is growing, becoming more complex or you want more proactive advice.

Can an accountant help with BAS and GST?

Yes. An accountant can help ensure your financial records support accurate BAS and GST reporting and assist you in meeting relevant lodgment and compliance obligations.

Can RSM help with small business tax planning?

Yes. Tax planning can help you understand your expected tax position before year end, prepare for upcoming payments and consider appropriate strategies based on your business circumstances.

Learn more:

EOFY Business Tax planning

Can an accountant help me choose a business structure?

Yes. The way you structure your business can affect tax, asset protection, compliance and your ability to grow or eventually sell the business. An accountant can help you understand the financial and tax implications of different structures, alongside any appropriate legal advice.

What is the difference between an accountant and a bookkeeper?

Bookkeeping generally focuses on recording and maintaining day-to-day financial transactions. An accountant uses that financial information to prepare reports, manage tax and compliance obligations and provide financial and business advice. RSM can also provide outsourced accounting and finance support where required.

Learn more:

Outsourced Accounting and Finance Services

Can RSM help with accounting software?

Yes. We can work with a range of accounting systems and help you understand whether your current systems provide the information your business needs. RSM also has specialist cloud and digital advisers who can help businesses assess and improve their accounting technology.

Learn more:

Digital Solutions

Can my accountant help improve cash flow?

An accountant can help you understand how cash moves through your business, prepare forecasts and budgets and identify issues that may affect your ability to meet future expenses and tax obligations.

Learn more:

Really useful budget process.

Does RSM work with sole traders and family businesses?

Yes. RSM works with sole traders, privately owned and family businesses, SMEs and growing organisations across Australia.

When do I need specialist tax advice rather than my regular accountant?

Everyday tax planning and compliance can generally be managed as part of your ongoing accounting relationship. More complex transactions, international arrangements, restructures, acquisitions or specialist tax issues may require additional expertise. RSM can bring in specialist tax advisers when required.

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