Your Go-To Business Advisory in Sydney

Running a business comes with enough challenges without worrying about finances. With the right guidance, you can stay compliant, understand your numbers, and make confident decisions. That’s where Prime Accounting steps in.

Why You Need Us?

Many business owners turn to our chartered accountants because they’re unsure about key financial areas, including:

Lodging BAS and tax returns correctly and on time

Understanding cash flow and profitability to make better decisions

Assessing the real value of a business before purchase

Setting up accounts and reports that reflect the business accurately

Managing bookkeeping and payroll efficiently without it taking over their week

Working with us helps you avoid costly mistakes, stay compliant with ATO requirements, and gain a clear understanding of your business’s financial health.

Speak to us today.

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How Prime Accounting Supports Your Business?

At Prime Accounting, we don’t just focus on compliance. Our services are designed to support real businesses, providing business growth advice in Sydney that is practical, actionable, and tailored to your situation.

Business Planning and Advisory

We help you develop a clear business plan that identifies opportunities, risks, and growth areas. This roadmap keeps your team aligned, supports funding applications, and ensures decisions are based on accurate, actionable insights.

Business Appraisal and Acquisition Advice

Considering buying or selling a business? Our advisors provide clear valuations and practical guidance. You’ll understand the true financial picture, potential risks, and realistic returns before making any major decisions.

Accounts Setup and Software Installation

We set up your chart of accounts, migrate existing data, and configure cloud-based systems that match how your business operates. Accurate reporting ensures you always have the right information when you need it.

Bookkeeping and Payroll Services

From reconciliations to payroll and superannuation, we manage your books at a fixed monthly price. This frees up your time and ensures your records are accurate, helping you focus on running and growing your business.

Tax Planning and BAS Lodgements

We take the stress out of tax time by reviewing and lodging BAS and tax returns accurately and on schedule. Our guidance ensures compliance with ATO requirements while giving you clarity and peace of mind throughout the year.

How Do We Work?

Our approach is simple and focused on your business:

Understand your goals before giving advice
Set up systems and processes that fit your operations
Monitor results and spot issues early
Explain your numbers in plain English
Offer ongoing guidance to support confident decision-making

We see ourselves as your partner, not just your accountant.

Who We Work With?

We work with a wide range of businesses, including:

Trades and construction companies

Professional services like consultants and advisors

Retailers and eCommerce businesses

Hospitality businesses, cafés, and restaurants

Medical and allied health practices

Sole traders and small businesses

Whether you’re starting out or planning for growth, our advice is practical, clear, and tailored to your needs.

Why Choose Prime Accounting?

Here are the key reasons we stand apart from the rest:

Stress-Free Tax Time

We lodge returns accurately and on time, reducing pressure and giving peace of mind.

Compliance You Can Trust

Stay compliant with ATO requirements and avoid costly penalties.

Clear, Simple Advice

We explain numbers in plain English, so you understand exactly what’s happening.

Tailored Support

Advice and systems designed around your business, practical and actionable.

Practical Insights

Guidance on budgeting, cash flow, and growth strategies that you can implement immediately.

Long-Term Partnership

We stay involved beyond lodgements, helping you plan for stability and growth.

Ready to Take the Next Step?

If you want a trusted business advisory in Sydney that makes finances simple and supports growth, talk to Derek at Prime Accounting. Book a free 30-minute consultation today to understand your situation, get answers, and gain clarity on your numbers.

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Frequently Asked Questions

How can I improve cash flow management in my business?

Effective cash flow management starts with a clear understanding of where money comes in and goes out. We help you track receivables, plan for upcoming expenses, and identify areas where you can free up working capital. By setting up accurate, easy-to-read reports and reviewing them regularly, you’ll always know your cash position. This insight allows you to plan ahead, make informed decisions, and ensure your business can cover both expected and unexpected costs.

What makes a business plan so important for growth?

A business plan is more than a document for investors - it’s a roadmap for your business. It sets clear goals, identifies potential risks, and outlines strategies to achieve sustainable success. A well-prepared plan keeps your team focused, prioritises resources effectively, and helps you make confident operational decisions. At Prime Accounting, we provide tailored business advisory in Sydney, ensuring your plan is practical, actionable, and designed around your unique business needs.

How do I know if my business is profitable?

Profitability goes beyond simply comparing revenue with expenses. We analyse profit margins, track trends over time, and highlight areas where costs may be higher than necessary. This allows you to make strategic adjustments, reinvest wisely, and make sure your business is generating sustainable returns. Regular reviews help you identify underperforming areas and spot growth opportunities, giving you the clarity to plan with confidence.

Can I get support with budgeting for seasonal businesses?

Absolutely. Seasonal businesses face fluctuating income, which can make planning difficult. We provide tailored budgeting strategies that account for busy and slow periods, helping you manage cash reserves, plan staff schedules, and invest at the right times. This approach ensures you can maintain consistent operations, cover essential costs, and make decisions that support long-term growth even when revenue varies throughout the year.

How does financial reporting help my decision-making?

Financial reporting gives you a clear view of your business’s performance beyond the basic profit and loss statements. We deliver accurate, timely reports that highlight trends, risks, and opportunities. With these insights, you can make confident decisions about pricing, expansion, investment, and operational improvements. Understanding the numbers allows you to act proactively rather than reactively, helping your business grow steadily and sustainably.

What steps should I take before expanding my business?

Expansion requires careful planning. Before taking the next step, it’s crucial to understand your current performance, assess risks, and forecast potential outcomes. Our team provides business growth advice in Sydney, helping you evaluate opportunities, anticipate challenges, and develop a clear strategy. We focus on practical, achievable steps that ensure your expansion is sustainable, financially sound, and aligned with your long-term goals.

How can I prepare my business for unexpected challenges?

Unexpected challenges - like market shifts, cash flow interruptions, or operational issues - can affect any business. We help you build contingency plans, maintain financial reserves, and implement processes that reduce risks. Being prepared allows you to respond quickly, minimise disruption, and safeguard your business. Having these strategies in place gives you confidence to face uncertainty while keeping your long-term growth on track.