Looking for Comprehensive Financial Management to Boost Your Business?
Let’s be honest—no matter how passionate you are about your business, being a business owner or investor can be both exhausting and stressful. Success demands juggling multiple roles, from client meetings and staff management to marketing and strategy. With so much on your plate, the to-do list can seem never-ending!
Imagine a world where you no longer have to stress about business accounting—because you’ve entrusted a dedicated business advisory expert to handle it all. At Foresight Accounting in Elsternwick, we know your time is valuable. That’s why our comprehensive accounting services are designed to help your business achieve the best financial outcomes while taking the burden of financial management off your shoulders. We’re here to support you!
Specialists in Small Business Accounting: Elsternwick Services
At Foresight Accounting, our motto is "your vision is our focus". This means that we make your business and financial goals our top priority. We offer our financial management services to small and medium businesses in Elsternwick and the surrounding suburbs. Our firm specialises in assisting businesspeople and entrepreneurs, hair and beauty salons, property investors, medical professionals, and tradespeople in business.
Foresight Accounting is more than just tax solutions—we’re your partner in financial success. From strategic business advice and business structure reviews to wealth accumulation education, financial services, self-managed superannuation funds, and bookkeeping, we provide the tools you need to take control of your financial future. Our goal is to give you real choices and the confidence to achieve your financial aspirations.
Our Business Accounting and Advisory Services
As Elsternwick-based accountants, we take pride in delivering trusted business solutions to local businesses and individuals. Our comprehensive range of services is designed to support you in managing your financial affairs and achieving your goals with confidence.
Strategic Business Structure Advice
Whether you are acquiring, selling, or merging your business, or you are struggling to make your current business hit its full potential, Foresight Accounting can offer strategic business advice. We deliver business advisory guidance regarding cash flow issues, mergers and joint ventures, re-structuring business loans, creating new products or services, budgeting and business plans, and much more.
A self-managed superannuation fund (SMSF) can be a smart financial move. With our expert business accounting services, we can assist you in setting up your SMSF, securing an ABN and TFN, and providing strategic tax advice to maximise your benefits. The tax advantages alone make it a worthwhile investment!
Our affiliate partner, Foresight Wealth, specialises in financial planning and reporting. Whether you're preparing for retirement, managing your estate, or monitoring your investments, we provide expert guidance to help safeguard your wealth. We also assist with profit and loss statements and balance sheets to keep your finances on track.
As our affiliate partner, Finwizard Advisory delivers expert property investment advice and portfolio-building services. Their dedication to ethical practices, integrity, and client-focused service sets them apart. Partnering with Foresight Financial Planning, they provide a well-rounded approach to property and investment strategies tailored to your business needs.
We provide multiple bookkeeping services for our clients to meet your business requirements. Although Xero is our preferred bookkeeping software due to its accessibility and simplicity, we do offer support for MYOB, QuickBooks and other bookkeeping software. We also provide on-site bookkeeping services in Elsternwick.
We offer services to small and medium-sized businesses across various industries to minimise tax and ensure compliance. We can also provide advice on the establishment of tax structures, and which may be best for you. Our team at Foresight Accounting undertakes extensive professional development so you receive relevant and accurate GST and tax compliance advice.
Small Business Accountant - Elsternwick
Being a small business owner or investor comes with its own set of challenges, and we know how difficult it can be to entrust others with what matters most to you. At the same time, managing payroll, invoicing, superannuation, and tax obligations—while also serving your clients—can be exhausting.
Foresight Accounting is here to help. We take the stress out of financial planning so you can reclaim your time and focus on growing your business. With a full suite of services and our fee refund guarantee, you can rest assured that your small business is in good hands.
If you're looking for expert accounting advice closer to your area, we also provide business accounting services across a range of suburbs in and around Melbourne.
Full Service Accounting Firm FAQs
Do I need a business accountant for a very small business?
Managing your own small business accounts can quickly become overwhelming. A skilled small business accountant can help you stay on top of your finances while providing tailored advice to support your financial goals.
Do I need a small business accountant if I already have Xero?
While Xero simplifies business accounting, it still takes time and effort to manage properly. Partnering with a small business accountant can free up your schedule, reduce stress, and let you concentrate on growing your business.
Do I need a business accountant as a sole trader?
It’s easy to think of hiring an accountant as an added expense, but strategic business accounting services can offer substantial returns. They not only free up your time but also manage tax responsibilities, uncover savings, implement risk management strategies, and support business growth.
Do I need a business accountant as a start-up?
Handling your own financial management may seem like a cost-saving move, but DIY accounting can lead to missed tax opportunities, invoicing delays, tax miscalculations, and costly errors. A business accountant can help you avoid these pitfalls, giving you the confidence to make well-informed financial decisions.
How do I choose the right accountant for my business?
Finding the right accountant takes careful thought. Think about factors such as their location, how the workload will be divided, and which accounting software they use. It’s essential to choose a certified or chartered accountant with expertise that aligns with your business needs. Seeking recommendations from your business and social networks can also help you make the right choice.
How do I know if I need an accountant or a bookkeeper?
Bookkeepers handle essential financial tasks such as payroll, invoice management, transaction recording, and reconciliation. If your business requires frequent assistance with transactions, bookkeeping services could be beneficial. However, if you're looking for strategic financial guidance and a wider range of accounting services, an accountant may be the better option.
What Makes Our Business Accounting Services Different?
We are dedicated to helping you achieve your financial goals. Our team takes pride in delivering top-quality services to every client who places their trust in us.
Experienced Leadership
As our firm director, Lawrie Carrozza is more than an accountant—he’s a business builder, entrepreneur, and property developer. Having owned and managed companies both in Australia and abroad, he brings a wealth of experience in navigating the financial complexities of different businesses.
Caring and Ethical
We truly care about our clients by building strong, long-term relationships. Our fees are honest and itemised, so there are no surprises. We communicate effectively and do not charge for queries or phone calls. And best of all, we are approachable and friendly, often discussing your business over a coffee.
Proactivity
We take a proactive approach to enhancing your business’s tax position, growth, and profitability. Our dedication to innovation sets us apart, making us one of Australia’s leading forward-thinking accounting firms.
The Perfect Match: Your Business and Foresight Accounting
With a comprehensive range of services in Elsternwick and nearby areas, a team of expert accountants and financial advisors, and strong business connections across Melbourne, Sydney, and Brisbane, we are well-equipped to meet all your financial needs.
Here’s what our clients are saying about their experience with us:
We have known and used the services of Lawrie Carrozza and his team for over 20 years. We could not have grown our business without their expertise and highly recommend their services to both business and personal requirements.
I have used Lawrie & his team for one year now. I have found them to be very professional and very knowledgeable and would definitely recommend them.
We have been using Lawrie and his team since 2006. We attribute a large part of our success to their professionalism and thorough business knowledge. Their advice and guidance has been instrumental in our business growth and has taken the guesswork out of investment when planning for our family’s future.
Book Your Obligation-Free Business Accounting Consultation
From small businesses to growing enterprises, we are dedicated to supporting business owners across industries in achieving financial success. With our fee refund guarantee and obligation-free consultation, Foresight Accounting is a choice you can make with confidence. Book online today for expert financial and accounting services!
Visit us in Elsternwick
FREE NO OBLIGATION CONSULTATION
Phone 1300 120 220 or book online to reserve your space!