Aiz Public Accountants
About Us
AIZ Public Accountants was established to provide traditional accounting and taxation services to individuals, businesses and companies. Over the years we have responded to the needs of our clients and we now offer a complete range of accounting, taxation and business advisory services.
We are located in Somerton Victoria. Courtesy of a high level of client referrals we are categorised as a small to mid-sized accounting firm with a proud team of 5. As such, we are large enough to handle highly technical tax and accounting issues and have developed divisions specialising in Self-Managed Superannuation Funds. At the same time, we are small enough to guarantee our clients personal service and immediate access to all our staff.
No job is too big or too small and we adopt a hands-on approach with our clients including visiting your business premises whenever possible. We are accessible, always return your calls and guarantee your personal service with a pro-active approach.
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Frequently Asking Question
What is a BAS?
A Business Activity Statement, or commonly known as BAS, is a form issued by the ATO (Australian Taxation Office) to all GST registered entities to facilitate the reporting of the entities GST related activity for the period. Where necessary, the Business Activity Statement also facilitates the reporting of small businesses PAYG withholding obligations, fringe benefits tax obligations and any PAYG income tax instalments that may apply to a business entity. The Activity Statements are normally issued quarterly, however in some circumstances, a business may be required, or may volunteer to, complete monthly Business Activity Statements.
How long is the first appointment ?
It may vary, but generally speaking, the first appointment will be merely a consulting one. Our accountant will be checking the overall state of your finance. Then a he will provide recommendations on any further accounting procedures you might need.
What’s the difference between an ACN and an ABN ?
Chances are you’ve found us via Google. Why? Well, as the original accounting office for small business, this is the most commonly asked question by small businesses. To receive further clarification on the answer below, our Senior Partner, John Corias, is more than happy to help you on 02 9211 5000.
An ACN (Australian Company Number) is issued by the ASIC (Australian Securities and Investments Commission) to all new companies registered in Australia to facilitate the monitoring of those companies and also to give them a unique identity code within the structure of the Corporations Law of Australia. Only a company can be issued with an ACN.
An ABN (Australian Business Number) is a unique number issued by the ATO (Australian Taxation Office) to all entities that are in business. If an entity is trading as a business, no matter how large or small, they must apply to the ATO to acquire an ABN and must show that ABNon any invoices they issue. The ATO will then automatically issue a unique eleven digit number.
It is not necessary for an entity that has an ABN to be registered for GST if their annual turnover or income does not exceed $75,000.00. Confusion often arises between the two numbers due to the fact that the ATO will use the ACN as the basis for a company’s ABN. A company’s ABN will always consist of their ACN with a two-digit pre-fix. As mentioned, if you want further clarification, call our Senior Partner, John Corias, on 02 9211 5000.
Do I have to include GST on Invoices?
A business is only required to be registered for GST with the ATO if their annual turnover/income exceeds $75,000.00 per annum. Once you are registered for GST, you must, by law, add 10% GST to all of the invoices that you issue to your customers.
We work with the best in
Accounting Industry
office location
22/882 Cooper Street, Somerton, VIC 3062
335, Ascot Vale Road, Moonee Ponds, VIC 3039 (For appointments only)
Suite 5, Level 1, 110 Little Malop Street Geelong VIC 3220
opening hours
Mon - Fri 9am – 5pm
Sat – Sun By appointment only