Have you ever felt...?
- Struggling to keep track of finances and of what's to come next?
- Not feeling fully understood?
- Feeling overwhelmed and unsure of how things should be structured?
“Maria knows - and has - what it takes to make you and your business look good, and not just to the ATO. Her help on projects at Laugh Masters Academy and PowerProv has been invaluable. She’s a savvy hustler and I recommend her with confidence.”.
How I can help.
When you want to open a school, especially if you are doing it for the community. Whether it’s a dancing, yoga, pilates, creative art, or performance school, majority of the time you consider running it as a company or sole trader, which can lead to higher taxes, the requirement to register for GST and manage a complex payroll.
Not for profit, on the other hand, can bring a lot of perks. For example, government grants, sponsorships, discounted venues for your classes, volunteers. There are many advantages to running NFP, but specific compliance needs to be considered: whether it is a company limited by guarantee or a charity, the requirement to have a board of directors, constitution, annual members meeting, making sure the activities aligned with the purpose and objectives of the school.
- We are here to help you to make the right choice and guide you to achieve greater results.
- Another example of how we can help your school would be setting up an effective Payroll system.
- Single Touch Payroll Phase 2 reporting starts from January 2022, however, you can defer the transition up until the end of this year. And you may think it’s a lot of time, but by being a busy school, managing classes, schedules, venues, performances, collecting money, and paying bills, etc. This process can turn into hell.
Services we provide.
We can offer the following services to make the processes automated and stress-free.
- Review of the current structure and assistance with compliance.
- Activity statements and Payroll management (changing existing or setting up new categories aligning with STP2).
- Receiving and recording cash, credit cards payments, and checks transactions.
- Reconciling term payments for each student.
- Monitor overdue accounts and make sure all the payments processed on time.
- Reconciling discrepancies of all bank accounts.
- Preparation of bank deposits, verification, and balance of receipts.
- Payment and preparation of invoices after approval by the principal.
- Producing Financial reports such as Balance sheet and Income statements.
Here’s what you can expect when you work with Maria.
Gain more time
Having time to do what you love, have the freedom of running the school or business without worrying about the financial side of it.
Guidance
Having the extra guidance on how to gain extra money to invest into sponsorships & promotions or improving the performance of either the school or business.
Community
Meet like-minded people and grow the community by sharing your expertise all whilst you grow and expand your business.
How we helped 'X' do 'X' thing
