CORE SERVICES
What you need. What we do everyday.
Bookkeeping
This is what our business is based on. This is what every business needs. We do it everyday and we do it exceptionally well. Every dollar. Every cent. Accounted for.
Bank Accounts. Debtors. Creditors. We make sure this information is correct and timely, so you always know where your business stands.
Xero. MYOB. Quickbooks. We work across all of these systems. Our Xero certification can help you transition you to the cloud seamlessly.
Compliance
GST. PAYG. Superannuation. Payroll Tax.
We stay on top of your statutory requirements to ensure all your obligations are met in a correct and timely manner.
At year end, we liaise with your accountant whilst our expertly developed accounting reconciliations ensure your income tax preparation cost is substantially reduced.
Payroll
Your staff are your most important asset. Our years of payroll experience will ensure that your payroll function runs smoothly.
Should you require, we can advise and implement new systems surrounding timesheets, job tracking, and employee expense and leave management.
CLIENT TESTIMONY
"A delight to work with. The level of professionalism and experience they bring has made SCM an integral part of our business."
- Ian Pearce
Managing Director, Envisian Pty Ltd
"Responsive, understand my business and across all details. Exactly what I am after to run my business effectively."
- Simon Davies
Managing Director, Bastion Brands
OUR PROCESS
Assess
Plan & Implement
Measure
Evolve
Simply click the gallery box below to reveal a snippet of information for each of our processes.
Assess
We can quickly assess your requirements and tailor a solution to fulfil your needs. Our experience will provide the most efficient process available, and reduce the cost to your business.
Measure
Our staff don't just enter transactions, they understand what the transactions mean to your bottom line. We have developed advanced analytic & forecating tools to provide you not merely with data, but with information.
Plan & Implement
We will work to your needs to provide the most suitable resource on the day(s) you require. Our staff member will work to your requirements and deadlines, ensuring the service you want is the service you get.
Evolve
New systems and technologies are constantly being developed and applied to business; where we find something that may be of benenfit we will research and disuss it with you, to add another value component to our service.
OUR PEOPLE
SCM SPOTLIGHT
INCREASE IN SUPERANNUATION RATES ON 1 JULY 2014
On 1 July 2014, the superannuation rate will increase to 9.50%, up from 9.25% for the 2013/14 financial year. As part of a wider government reform, this rate will increase again in 2018 to 10.00%, and by 0.50% increments until capped at 12.00% in 2022.
What does this mean for your employees?
If your employees contract states a salary that is inclusive of superannuation, you will need to adjust their superannuation exclusive amount to take up the extra superannuation in their package. Take the below example, for instance:
Julie's employment contract states an annual salary package of $130,000, inclusive of superannuation. In the 2013 / 2014 financial year the break-down of this package was $118,993 in gross wages and $11,007 in superannuation contributions. In the 2014 / 2015 financial year the split becomes $118,721 in gross wages and $11,279 in superannuation contributions.
If Julie's employment contract stated an annual salary package of $130,000 plus superannuation, there would be no need to adjust her gross wages figure, the only requirement would be to contribute 9.50% of $130,000 as superannuation contributions to her super fund.
SUPERSTREAM - IS YOUR BUSINESS READY?
SuperStream is a government reform aimed at improving the efficiency of the superannuation system. Under SuperStream, employers must make super contributions on behalf of their employees by submitting data and payments electronically in a consistent and simplified manner.
If you have 20 or more employees (medium to large employer) SuperStream starts from 1 July 2014. From that date, employers will start implementing SuperStream and you have until 30 June 2015 to meet the SuperStream requirements when sending superannuation contributions on behalf of your employees. If you have 19 or fewer employees (small employer) SuperStream starts from 1 July 2015. You have until 30 June 2016 to meet the SuperStream requirements when sending superannuation contributions on behalf of your employees.
How can you comply?
Using an electronic based payroll and accounting software is the best way to ensure you can meet these new requirements. Xero Accounting already includes the ability for you to pay super electronically, virtually at the click of the button. If you have been considering moving to a cloud-based accounting software, now is the time to make the switch, with the new financial year fast approaching.
If you would like to discuss this option for your business please send us an enquiry at the bottom of this page and we will promptly get back to you.
SMALL TEAM, BIG IDEAS
We're not your average bookkeeping firm; with decades of experience across all industries we have the right staff member to help your organisation.
About SCM Bookkeeping & Consulting
SCM Bookkeeping & Consulting has been providing our clients across Melbourne with a cost effective, accurate and efficient, financial & bookkeeping service since 2010. We can provide the appropriate staff member for your needs and then oversee the bookkeeping & finance function to ensure you receive all of the benefits of an accounts department without the related financial liabilities associated with employing staff.
We are not your standard bookkeeping firm – our services reach far beyond maintaining your ledger. We start by gaining an understanding of your business and then provide the best solution to not only fulfil your compliance obligations, but to provide you with information that is useful in managing & growing your business. We understand that it is very costly to consult with your external accountant on a regular basis and we fill that void without the related expenditure.
We believe that the real value to you is in using the information in your accounting system to produce tools which will aid you to successfully run your business. We have developed some amazing budgeting, forecasting, reporting and analytical tools and it is the access to these along with the input of our knowledgeable and experienced staff which sets us apart from the pack.
SCM prides itself on the knowledge & integrity of its staff members. The majority of staff members are degree qualified, assistant accountants. SCM believes the use of assistant accountants provides for a better understanding of the finance function of your business. This greater understanding provides for efficiencies throughout the year & cost savings at year end, as much of your end of financial year work will already be completed.
CONTACT US
SCM Bookkeeping & Consulting
Suite 3, Level 14 | 190 Queen Street
Melbourne, VIC 3040
Ph: +61 3 9670 0330
www.scmbookkeeping.com.au
