ELM Business Support Services
Good books. Better business.
Bookkeeping and accounting support. Taking care of you and your business.
ELM Business Support Services provides:
✔ Customised solutions
✔ Hands-on training
✔ Support to help small and medium-sized businesses thrive with confidence
Vision - Purpose - Impact
We promise to provide comprehensive bookkeeping and accounting support to SME businesses across all industries Australia-wide.
We tailor our services to your individual needs. Our goal is to foster self-reliance and confidence in internal processes, procedures, reporting and all business bookkeeping and accounting practices.
This is achieved through continuous support and training, a relevant and effective action plan and determined via collaboration with you, the business owners.
With over two decades of experience in bookkeeping and business administration management, I'm Mel Hevey, the founder of ELM Business Support Services.
Why choose to work with us?
We Listen
We’re here to help
✔ We review
✔ We recommend
✔ We act
We Collaborate
To create a solution that suits your needs, we train and educate you and your team to become self-sufficient!
We Help
We love helping businesses set up and maintain good accounting practices.
It’s as simple as that!
Knowing the facts and being informed with accurate data allows you to weather any storm.
What our clients say:
Industries we work with:
Accounting & Finance
Building & Construction
Commercial Flooring
Authors & Illustrators
Air Conditioning
Commercial Facilities Maintenance
Commercial Glazing Manufacturing
Cruise Portering Services
Consultant Psychologists
Gyms
Health & Beauty
Media & Web Digital Production
Medical Specialists
Hotel & Vineyard Accommodation
Bio-Medical Specialists
IT Specialists
Commercial Landscaping
Merchandising
Film & Television
Transport & Logistics
Book your Consultation:
Frequently Asked Questions
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We recommend at least three separate accounts:
Everyday Business Account: For regular transactions and expenses
Tax & Super Liability Account: To set aside funds for tax and superannuation obligations
Business Savings Account: For storing profits earmarked for future business investments
This structure helps you manage cash flow effectively and ensures you're always prepared for financial obligations.
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We advise setting aside at least 30% of all income received.
This conservative approach helps ensure you're well-prepared for tax time and avoid any surprises. Remember, your exact tax obligations may vary based on your business structure and income level.
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Essential insurance coverage for most businesses includes the following:
Professional Indemnity Insurance: Protects against claims of negligence or failure to perform your professional duties
Business Insurance: Covers your business assets and liabilities
Workers' Compensation: Mandatory if you have employees, providing coverage for work-related injuries or illnesses
Always consult with an insurance professional to tailor coverage to your specific business needs.
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Yes, absolutely! Paying yourself a regular wage helps to:
Maintain a clear separation between personal and business finances
Ensure you have a steady personal income
Simplify your tax planning and reporting
Remember to set a reasonable wage based on your business's profitability and cash flow.
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GST registration requirements depend on your business circumstances.
Generally, you must register if:
Your annual turnover is $75,000 or more (or $150,000 for non-profit organisations)
You provide taxi or limousine services, regardless of turnover
For the most up-to-date information and to determine if you need to register, please visit the official Australian Taxation Office (ATO) website.
Disclaimer: The information on this website should not be construed as financial advice. User are encouraged to consult with a qualified financial advisor before making any financial decisions based on the content found on this site. ELM Business Support Services disclaims any liability for any losses or damages incurred as a result of reliance on the information provided herein.
