Top Order Pty Ltd

Just the other day we received this amazing testimonial from one of our lovely clients - if you have not yet visited @fuzion_cafe_echuca it is definitely a must! They offer some amazing dine in meals as well as some pretty super boxed grazing platters! “Dan has been amazing since we engaged him as our accountant. Both our business and personal taxes are completed by Dan. Dan is always in contact with us, helping us navigate through COVID and ensuring from a business perspective we have all the information we need. We highly recommend Dan.” ~ Veronica ( @fuzion_cafe_echuca )

Community Business Legends.

I have jotted some key points down for the businesses who might or could be affected during this flood disaster.

1. Photograph equipment or assets to show pre-event condition for your insurance claims.
2. Backup your data and store off-site or use cloud storage.
3. Save digital copies of key business documents, for example:
insurance
business registration
property deeds
key contracts
licences
certificates
awards.
4. Assess your finances, including how long you can operate with reduced or no revenue (this might help with claiming some flood grants which could be available in future).
5. Before you replace destroyed equipment, stock, please ensure you record this in your ledger and claim this as stock loss through your business tax returns.
6. Contact your insurance if you aren't sure if you are covered for floods. They might be able to claim it under business interruption or income protection insurance.
7. Contact your landlord and insurer before cleaning up – they may fund clean-up and require authorisation before repairs begin.
8. Contact the Australian Financial Complaints Authority on 1800 931 678 if you can't reach agreement with your insurer.

***We are Growing***

We are looking for a Legend to embrace our working culture with grace.

The Legend should possess the following skills on a personal and professional levels.

PERSONAL

1. Grit to succeed.
2. Vision to make accounting a beautiful industry and accountants more approachable.

PROFESSIONAL

1. Be able to prepare company, trust, partnership and individual tax returns.
2. Ability and experience as a senior bookkeeper.

Working remotely could be a possibility for the right person.

DM or Inbox us with your CV and a link to your LinkedIn profile.

We have some kind and amazing clients.

See what they have to say about us.

Watch this reel by toporder on Instagram Dr. Pheel • Yoga At Dawn

Aside from the obvious service of 'Lodging Tax Returns' there is so much more that we offer here at Top Order!

These include but are not limited to:
Advising on property tax
Negative and positive gearing.
Salary Packaging
Salary Sacrificing
Investment Strategies

Get in touch with us today for all of your personal and/or business finance needs!

We know the mumbo jumbo and technical terms we sometimes use can be a little overwhelming so we have compiled a list of some common terms you will hear in the accounts and/or finance world that are really handy to wrap your head around:

Cost of goods sold (COGS): An expense that represents how much it costs you to produce your offerings. COGS is a crucial factor when determining your business’s profit.

Inventory: Includes the raw materials in storage, items in the production process, and finished goods available for sale.

Assets: Your business’s physical (tangible) or non-physical (intangible) property that adds value to your business. You can have current assets which can convert into cash within one year. And, you can have fixed assets that don’t convert quickly into cash.

Liabilities: Money that your business owes. You can have both short-term liabilities that are due within one year and long-term liabilities that are not due within one year.

Equity: Your business value after subtracting liabilities from assets.

Revenue: The amount of money your business brings in from sales.

If you have any questions (no matter how silly you make think it seems), feel free to reach out to us directly!

Do I really need to keep record of my receipts?

Not only does it make our lives easier but keeping good records can also reduce the cost of managing your tax affairs. If you use a tax advisor, you can reduce the time they spend sorting and preparing your records. This will give them more time to ensure you claim your entitlements.

Other reasons for keeping track of your records can be the following:
📎 Prove the information you provided in your tax return (in case we ask you)
📎 Reduce the risk of tax audits and adjustments
📎 Improve communication with your accountant / financial advisor
📎 Help resolve issues that relate to a dispute of your assessments or adjustments
📎 Avoid exposure to penalties.

Meet Sam!

Sam is based at the Top Order Melbourne office where he is Office Manger and Accounts Assistant.

Currently completing a Diploma of Business, Sam has worked at Top Order for 4 months now (May 2021) and enjoys the positive connection between the employees and clients as well as the professional and friendly environment that Top Order provides.

Hey Business Owners.

Get on this $1,500.00 Grant for business based in Victoria.
You can use this grant for upgrading your marketing strategies, accounting and bookkeeping softwares, CRM softwares etc.

https://business.vic.gov.au/grants-and-programs/small-business-digital-adaptation-program

Small Business Digital Adaptation Program The Small Business Digital Adaptation Program provides $1200 rebates to eligible businesses to build digital capability and support their operations.

Did you know we aren't just an accounting firm?
We also offer business structure and planning, providing advice to give your business the best structure and planning as per your requirements.

There will be assistance at every step from advice to structural changes related to tax planning and asset protection.

Whether you're a sole trader, partnership, company or trust, get in contact today to see how we can help you 🙌🏼

Meet our leader, Dan 😃

Dan has vast experience of more than 15 years in the field of Finance and Accounting. As the founder of Top Order, Dan established this venture with an idea of assisting individuals and businesses - both locally in Australia, and across the globe. The vision and broader perspective of the business, along with his top notch team of experts, helps him deliver the best to his clients.

A qualification in accounting adds to his experience in taxation, commercial law, auditing and accounting standards. He has also managed an array of projects and client relationships on a global level.

If you need assistance with your finances, Dan's the man to be in touch with!