Looking for Comprehensive Financial Management to Boost Your Business?
Passion fuels your business, but let’s be real—being a business owner or investor can be overwhelming. Success requires balancing countless tasks, from meetings and staff management to marketing and operations. With so much to handle, it’s easy to feel like the work never ends!
Picture this: your business accounting is in expert hands, freeing you to focus on what truly matters. At Foresight Accounting in Prahran, we recognise that your time is valuable. Our goal is to help your business thrive by delivering expert financial solutions, ensuring you achieve the best possible outcomes while eliminating the stress of managing your finances. Let us take care of it for you!
Specialists in Small Business Accounting: Prahran Services
At Foresight Accounting, we believe in our motto: "Your vision is our focus." We prioritise your business and financial goals, offering expert financial management services to small and medium-sized businesses in Prahran and beyond. Our team specialises in supporting entrepreneurs, hair and beauty salons, property investors, medical professionals, and tradespeople, ensuring they have the financial strategies needed to thrive.
Taxation is just the beginning at Foresight Accounting. We provide strategic business advice, in-depth business structure reviews, wealth and property accumulation guidance, financial services, self-managed superannuation fund support, and expert bookkeeping. Our mission is to equip our clients with real financial choices, helping them unlock a future of possibilities they may have never considered.
Our Business Accounting and Advisory Services
At Foresight Accounting, we’re dedicated to supporting Prahran businesses with reliable financial solutions. Our extensive range of services is tailored to meet your unique needs, helping you navigate your financial affairs and move closer to achieving your goals.
Strategic Business Structure Advice
If you're acquiring, selling, or merging a business, or facing challenges in reaching your business’s full potential, Foresight Accounting is here to help. We offer strategic business advice on cash flow concerns, joint ventures, restructuring business loans, launching new products or services, budgeting, business planning, and beyond.
Setting up a self-managed superannuation fund (SMSF) can be a game-changer for your financial future. Our business accounting services cover everything from establishing your fund and securing an ABN and TFN to offering expert tax strategies. With the right approach, the tax benefits are simply too valuable to miss out on!
Foresight Wealth, our trusted affiliate partner, provides expert financial planning and reporting services. Whether you need guidance on retirement planning, estate management, or investment monitoring, we help protect and grow your wealth. We also assist with profit and loss statements and balance sheets, giving you a complete financial picture.
Finwizard Advisory is our affiliate partner for property investment advice and creation of property portfolios. They are a highly ethical property and investment service provider, high in integrity and professionalism, and their care for their clients is outstanding. When used together, Finwizard and Foresight Financial Planning can offer a full range of property and investment advice for 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 Prahran.
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 - Prahran
We know being a small business owner or investor can come with its own set of unique challenges. It is hard to trust others with something so important to you. However, we also know how exhausting it can be to juggle payrolls, invoicing, superannuation, and your tax obligations alongside delivering services to your clients or customers!
This is where Foresight Accounting comes in. Allow us to reduce your stress and your working hours by taking care of all your financial planning needs. With our full range of services at your disposal and our fee refund guarantee, you can feel confident that we will do our very best for your small business.
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.
Industries We Service
Foresight Accounting understands the unique challenges and financial needs of various industries. Our team of experienced accountants focuses on developing tailored financial management strategies for businesses across different sectors. By providing customised solutions, we help you make informed decisions that benefit your business and investments in the present and future.
We work with businesses of all shapes and sizes, offering support across a broad range of industries.
Helping those in the hair and beauty field stay financially confident with guidance on budgeting, cash flow, tax planning, and related areas.
Want to grow your business with confidence? We assist with the financial side so you can focus on achieving your goals.
We manage the complexities of tax planning and property accounting, helping you boost returns and handle real estate transactions smoothly.
Whether you're a sparkie, plumber, or chippy, we’ll help you grow your profits, reduce tax, and stay on top of your finances.
Running a healthcare clinic comes with unique financial needs - we offer accounting support so you can focus on your patients.
Full Service Accounting Firm FAQs
Do I need a business accountant for a very small business?
Keeping track of your small business finances can become complicated fast. A professional small business accountant can provide the guidance you need to simplify your accounts and offer strategic advice to help you reach your financial goals.
Do I need a small business accountant if I already have Xero?
Xero is a great tool for managing your business finances, but it still demands significant time and effort. By working with a small business accountant, you can reduce stress and focus on other essential aspects of running your business.
Do I need a business accountant as a sole trader?
While hiring an accountant may seem unnecessary, the right accounting support can make a huge difference. A skilled accountant helps streamline tax compliance, uncover potential savings, manage risks, and free up your time—allowing you to focus on growing your business.
Do I need a business accountant as a start-up?
It might feel like you should do your financial management yourself rather than outsourcing. However, DIY business accounting can mean missing out on tax breaks, falling behind in invoicing, underestimating your tax bill, making mistakes, or not having the right information to help you make informed decisions. Having a business accountant can reduce the extra risks and costs involved in business accounting.
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?
A bookkeeper can help you run your payroll, keep day-to-day records, issue and chase up invoices, and record and reconcile transactions. If you need help with transactions every day or several times a month, then you may need bookkeeping services. On the other hand, if you need someone to offer a variety of business accounting services and advice then an accountant may be right for you.
What Makes Our Business Accounting Services Different?
Our team is committed to getting you the results you want. We strive to deliver high quality services to each and every client who trusts us with their financial future.
Experienced Leadership
Lawrie Carrozza, our firm director, is not just an accountant, but also a business builder, entrepreneur, and a property developer. He has owned and operated a broad range of companies in Australia and overseas, and has extensive experience with the financial needs 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 are proactive in looking for ways to improve your business' tax position and business growth and profitability. In fact, we pride ourselves on being one of the most innovative and proactive accounting firms in Australia.
The Perfect Match: Your Business and Foresight Accounting
Our expert accountants and financial advisors, combined with our extensive services in Prahran and surrounding areas, plus our business networks in Melbourne, Sydney, and Brisbane, make us the ideal choice for all your financial requirements.
See what our valued clients have shared about our services:
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 Prahran
FREE NO OBLIGATION CONSULTATION
Phone 1300 120 220 or book online to reserve your space!
