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 Toorak, 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: Toorak 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 Toorak 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.
Foresight Accounting provides more than just taxation services. We offer strategic business advice, a full business structure review, wealth and property accumulation education, financial services, self-managed superannuation funds, and/or bookkeeping services. We provide all our clients with real financial choices whilst empowering them towards a financial future they may never have thought possible.
Our Business Accounting and Advisory Services
At Foresight Accounting, we’re dedicated to supporting Toorak 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
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!
Through our affiliate partner, Foresight Wealth, we offer expert financial planning and reporting services. From retirement planning and estate management to investment monitoring and wealth protection, we ensure your financial future is secure. We also provide support with profit and loss statements and balance sheets for a clear financial overview.
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 Toorak.
We assist small and medium-sized businesses across various industries in minimising tax and staying compliant. Our experts can guide you in selecting the most suitable tax structure for your needs. At Foresight Accounting, we prioritise continuous professional development to ensure you receive accurate and up-to-date GST and tax compliance advice.
Small Business Accountant - Toorak
We understand that running a small business or managing investments comes with its own unique challenges. Trusting others with something so important isn’t easy. But we also know how overwhelming it can be to handle payroll, invoicing, superannuation, and tax obligations—all while focusing on delivering exceptional service to your clients or customers.
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.
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.
From startups to established enterprises, we support business owners across various industries with tailored financial services.
Supporting the hair and beauty industry with tailored financial advice, from tax planning and budgeting to managing ongoing cash flow.
Ready to take your business to the next level? We offer support across all financial matters to help you stay on track.
Not confident with tax planning or property accounting? We can take care of it and help you make the most of your returns.
Whatever your trade, we’re here to support your goals - helping you boost profits, manage deductions, and streamline financial processes.
From GPs to allied health, we provide accounting help tailored to medical practices so you can prioritise patient care.
Full Service Accounting Firm FAQs
Do I need a business accountant for a very small business?
Trying to self-manage the accounts for a small business can quickly become complex and overwhelming. An expert small business accountant can assist you in keeping track of your business' finances and help you work towards your financial goals with tailored advice.
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?
Hiring an accountant often seems like a luxury. But using business accounting services at the right time and in the right way can yield significant returns. Not only will they save you a lot of time, but they can also keep control of your tax obligations, identify savings, incorporate risk management, and help you grow your business.
Do I need a business accountant as a start-up?
Managing your business finances alone might seem like a practical choice, but it comes with challenges. You could miss tax-saving opportunities, struggle with invoicing, misjudge your tax bill, or make costly errors. Partnering with a business accountant helps reduce these risks and ensures your financial management runs smoothly.
How do I choose the right accountant for my business?
Choosing the right accountant requires careful consideration. You should think about the accountant's location, the division of workload, and the type of accounting software you will use. Make sure to choose a certified or chartered accountant and look for one with expertise relevant to your business. Your business and social networks may also be helpful in suggesting the right firm or accountant.
How do I know if I need an accountant or a bookkeeper?
A bookkeeper can assist with payroll, maintain daily financial records, manage invoices, and reconcile transactions. If you require frequent support with transactions, whether daily or multiple times a month, bookkeeping services may be the right fit. However, if you need broader financial advice and accounting services, an accountant might be a better choice.
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
Lawrie Carrozza, our firm director, combines his accounting knowledge with hands-on experience as a business builder, entrepreneur, and property developer. With a history of running businesses across Australia and overseas, he has deep insight into the financial challenges and opportunities that businesses face.
Caring and Ethical
We believe in building genuine, long-term connections with our clients. Our pricing is clear and itemised, with no hidden surprises. We keep communication open and won’t charge for your questions or phone calls. Best of all, we’re down-to-earth and approachable—always ready to discuss your business over a coffee.
Proactivity
Our team is always looking for proactive strategies to optimise your tax position and drive business growth and profitability. We take pride in being one of Australia’s most innovative and dynamic accounting firms.
The Perfect Match: Your Business and Foresight Accounting
Our full range of services in Toorak 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.
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
Regardless of your business size, we are committed to helping business owners across different industries achieve their financial goals. With our fee refund guarantee and obligation-free consultation, you can trust Foresight Accounting to support your success. Book online today for expert financial guidance and business accounting services!
Visit us in Toorak
FREE NO OBLIGATION CONSULTATION
Phone 1300 120 220 or book online to reserve your space!