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 Richmond, 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: Richmond 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 Richmond 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.
At Foresight Accounting, we go beyond taxation services. Our expertise includes strategic business advice, comprehensive business structure reviews, wealth and property accumulation education, financial services, self-managed superannuation funds, and bookkeeping. We empower our clients with real financial choices, guiding them towards a future they may never have imagined possible.
Our Business Accounting and Advisory Services
We are proud to serve Richmond’s business community by providing dependable financial solutions. Our diverse and comprehensive services ensure that we can support your financial needs and help you stay on track towards your business and personal goals.
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.
An SMSF can be a powerful tool for securing your financial future. At Foresight Accounting, we guide you through the setup process, help you obtain an ABN and TFN, and provide tailored tax strategies to ensure you make the most of your fund. The tax benefits are simply too good to ignore!
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.
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.
Our bookkeeping services are designed to meet the unique needs of your business. While Xero is our preferred software for its ease of use and accessibility, we also support MYOB, QuickBooks, and other bookkeeping platforms. For added convenience, we offer on-site bookkeeping services in Richmond. We offer a range of bookkeeping services tailored to your business needs. Xero is our preferred software due to its user-friendly features, but we also provide support for MYOB, QuickBooks, and other bookkeeping tools. Additionally, we offer on-site bookkeeping services in Richmond for hands-on assistance.
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 - Richmond
We recognise the unique challenges that come with being a small business owner or investor. Entrusting someone else with your financial matters isn’t easy, but managing payroll, invoicing, superannuation, and tax obligations—on top of running your business—can quickly become overwhelming.
This is where we come in. At Foresight Accounting, we handle your financial planning needs so you can reduce stress and work fewer hours. With our wide range of services and fee refund guarantee, you can be confident that we are dedicated to your small business success.
Full Service Accounting Firm FAQs
Do I need a business accountant for a very small business?
Handling small business accounts on your own can be challenging and time-consuming. With the support of an expert small business accountant, you can confidently manage your finances and receive personalised advice to help you achieve your financial goals.
Do I need a small business accountant if I already have Xero?
Xero makes DIY accounting easier, but it doesn’t eliminate the time commitment required. A small business accountant can take the pressure off, giving you more time to focus on running and 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?
You might think managing your own business finances is the best option, but DIY accounting comes with risks. You could miss out on valuable tax breaks, fall behind on invoicing, miscalculate your tax bill, or lack the insights needed for informed decision-making. A business accountant helps minimise these risks while keeping your finances on track.
How do I choose the right accountant for my business?
Selecting the right accountant is an important decision. Consider their location, how responsibilities will be shared, and the accounting software they use. Ensure they are a certified or chartered accountant with experience relevant to your industry. Your business and social networks can also be valuable resources for recommendations.
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?
At the heart of our work is a commitment to your success. We deliver high-quality financial services, ensuring each client receives the expertise and care they deserve.
Experienced Leadership
Lawrie Carrozza, our firm director, brings more than just accounting expertise—he is also a business builder, entrepreneur, and property developer. With experience running diverse companies across Australia and internationally, he understands the unique financial needs of various industries.
Caring and Ethical
Our commitment to clients goes beyond numbers—we focus on building strong, long-term relationships. We provide clear, upfront pricing with no hidden fees, and we never charge for calls or queries. Most importantly, we’re friendly, approachable, and always happy to chat about 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 full range of services in Richmond and surrounding areas, our team of expert accountants and financial advisors, and our business connections across Melbourne, Sydney, and Brisbane, make us a perfect match for all your financial requirements.
Take a look at what our clients have to say about 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
Whether you run a small startup or a large enterprise, we’re here to assist business owners from all industries in reaching their financial objectives. Our fee refund guarantee and obligation-free consultation ensure you can choose Foresight Accounting with confidence. Get started today by booking your consultation online!
Visit us in Richmond
FREE NO OBLIGATION CONSULTATION
Phone 1300 120 220 or book online to reserve your space!