Accounting Services for Small Business: What You Really Need (and When)

Running a small business means wearing many hats—but finance shouldn’t be one you wear alone. Whether you’re just starting out or scaling up, having the right accounting support is critical to making confident decisions, staying compliant, and building a sustainable business. 

At Lynden Group, we work with small business owners every day—tradies, consultants, family businesses, retailers, and professional services firms. This guide breaks down the key accounting services that make a real difference, and when to bring them in. 

Why Good Accounting is a Game-Changer for Small Business 

It’s easy to think of accounting as just tax returns and compliance—but in reality, it’s the foundation of a financially healthy business. 

Strong accounting can help you: 

• Track performance and cash flow in real time 

• Avoid tax surprises and missed obligations 

• Understand profitability (not just revenue) 

• Plan ahead for growth, staffing, or funding 

• Reduce stress, especially around BAS and EOFY 

And perhaps most importantly—it gives you time back to focus on running your business. 

Core Accounting Services Every Small Business Needs 

Here’s what we consider the essentials—and when you typically need them: 

1. Bookkeeping and BAS Preparation 

When: From day one  Solid bookkeeping keeps your records accurate and up-to-date. It also ensures your BAS lodgements are timely and correct, helping you avoid ATO penalties and cash flow hiccups. 

2. Payroll and Superannuation 

When: As soon as you hire staff  Getting payroll right is about more than paying on time—it’s about complying with Fair Work, superannuation laws, and Single Touch Payroll (STP) reporting. 

3. Business Activity Statements (BAS) 

When: Quarterly or monthly, depending on your GST registration  We prepare and lodge BAS accurately, keeping you compliant and helping manage GST and PAYG instalments with clarity. 

4. Year-End Financials and Tax Returns 

 When: At the end of every financial year  We prepare your annual financial reports and business tax return—and make sure you’re claiming all legitimate deductions available to small business owners. 

5. Cash Flow Management and Forecasting 

When: As soon as growth or cash strain begins  We help you understand when money is coming in and going out, so you can plan, pay staff, and make investment decisions with confidence. 

Beyond the Basics: Strategic Accounting Support 

Once your business reaches a certain stage, accounting becomes less about “keeping up” and more about planning ahead. That’s when we bring in: 

Management Reporting 

Monthly or quarterly reports that track your performance, highlight risks, and help you make proactive decisions. 

Tax Planning 

We work with you before the end of the financial year to reduce your tax bill and take advantage of concessions and timing strategies. 

Business Structuring and Asset Protection 

Whether you’re starting out or restructuring, we’ll ensure your legal and tax structure suits your business model and protects your personal assets. 

What Makes Lynden Group Different? 

We’re not just number-crunchers—we’re partners in your success. 

•  We respond quickly, so you’re never left waiting 

•  We tailor our support to your stage of business 

• We bring the insights of a CFO, without the overhead 

Whether you're looking for help with your first tax return or preparing your business for sale—we’re here for every stage of the journey. 

Let’s Take Accounting Off Your To-Do List 

Your business deserves more than an off-the-shelf solution. If you’re ready for accounting support that’s proactive, practical, and invested in your success—get in touch. 

• Office: +61 3 91157406  

• Direct: +61 3 85481843   

• info@lyndengroup.com.au