Small Business Accountants in Penrith

Small Business Accountants in Penrith

Being a small business owner entails numerous responsibilities, and while it may be tempting to set aside bookkeeping and accounting, doing so can prove detrimental to your business. Furthermore, different states and jurisdictions have varying tax rules and regulations that businesses must adhere to. At Oyster Hub, we wholeheartedly advocate simplifying your workload, allowing you to focus on core operations and easing that burden with our accounting and bookkeeping services.

Our team of experienced small business accountants in Penrith is well-equipped to assist you in alleviating your financial concerns. We provide tailored advice and guidance to ensure your financial affairs are expertly managed, allowing you to focus on growing your business.

Jump To


Why You Need An Accountant in Penrith

Year after year, numerous small business owners in Penrith find themselves feeling trapped in the never-ending cycle of business complexities— from overwhelming pending paperwork, relentless dealings with the ATO, overwhelming tax liabilities, and a lack of reliable business advice. If you’re caught in the struggle, you need Rescue Tax Accounting.

Starting a business should be an exciting journey, not a tough challenge. At Oyster Hub, we specialise in extending tailored support to small business owners in Penrith, enabling you to navigate through complex ATO requirements with ease. We offer a comprehensive one-stop solution for Accounting, Taxation, Bookkeeping, Payroll, and Business Advisory services, allowing you to focus on growing your business without being bogged down by reporting and administrative burdens.

How Our Accountants Help Small Business Owners in Penrith:

Accountant not being responsive:

When accountants aren't responsive, it can create delays in handling finances and addressing important questions, resulting in missed deadlines and confusion in managing finances.

Are you Looking for a Penrith Accountant?

Meet Adarsh, Co-Founder for Oyster Hub Accountants & Business Advisors. He has a strong passion for working with start ups and small business owners, committed to helping them reach their business, financial, and family goals.

Adarsh and his team of tax accountants, business advisors, and financial brokers are experts in their field and possess extensive knowledge and experience.

Adarsh is an award-winning accountant who recently won the prestigious Australian Accounting Awards as the Chief Financial Officer.

He has been recognised in various industry publications and events for his focus on helping business owners find purpose and balance while managing their businesses.

In a recent campaign by Intuit QuickBooks, he was named “The Wizard of Accounting.”

There is a wizard in every business and we empower small businesses to make a better business to create a difference.

To learn more about Adarsh and his wizardry in accounting, avoid sloth accountants and talk to a real one today!


How We Can Help with Your Small Business in Penrith

Oyster Hub goes beyond traditional accounting services by offering cloud accounting software solutions that enhance our client’s financial success. Our dedicated team of accountants provides personalised attention and expert guidance, particularly during complicated situations, ensuring seamless integration and utilisation of the cloud accounting software.

Unlock your financial potential with these Cloud Accounting Software Solutions

Who we are & What we do

Are you a start-up business struggling to keep up with your accounting and bookkeeping?

Explore How We Help Small Business Owners Scale Their Business

Small business owners often find themselves bogged down by admin tasks, which diverts their attention from growth-focused activities. Oyster Hub is an award-winning accounting firm with a perfect one-stop solution for small business owners in Penrith.

Whether you’re a start-up, a growing business, or a well-established company, our team of specialists is dedicated to providing unparalleled support and expert advice tailored specifically to your needs.

Rescue Tax Accounting for Small Business Owners
Accounting & Taxation for Small Business Owners
Bookkeeping & Payroll for Small Business Owners
Low Doc Home Loan & Asset Finance
Look Under the Hood for Previous Year

Are you overwhelmed with the amount of paperwork stacking up on your desk? Do you feel like you’re falling behind or getting chased by ATO for overdue lodgments?

Rescue Catchup
Accounting For Small Business Owners

Rescue Catchup Accounting for small business owners in Penrith will help you get your accounting and taxation obligations back on track.

Your current Accountant & Bookkeeper is not responsive
You have received failure to lodge ATO fines & penalties
You have been issued with Director's Penalty Notice (DPN)
You have outstanding ATO Debt and Lodgements
You are looking for business direction to scale
You are behind on bookkeeping & paperwork
You are paying HIGH Tax Bills

We are offering small business owners who are feeling stuck and are finding it hard to deal with ATO. Our rescue accounting process includes: 

1. Make A Call

Start your journey to tax savings by giving our team a call. We’ll help you determine if your business is eligible for a Second Opinion, and discuss the information we need from you to complete the review.

2. Comprehensive Assessment

Our team will conduct a thorough analysis of your information to identify any areas that could be improved. We will focus on uncovering opportunities that will save you time, reduce your current year’s tax bill, and enhance the overall business performance.

3. Second Opinion Report

Once our team has completed the review, we’ll create your Second Opinion Report which includes a detailed overview of our findings and recommended solutions. The report is yours, no strings attached!

Oyster Hub is a cloud based accounting firm similar to Carter’s Tax Advisory helping business owners in Penrith with rescue accounting related work. 


Accounting & Taxation Services for Small Business Owners

Proper accounting and taxation is a strong base for small businesses. It helps them watch over all their money matters carefully, from their profits to their expenses.

Our comprehensive bookkeeping and accounting services are designed to keep you on top of your financial records. Let us help you lay the groundwork for lasting success.

Our Tax Refund Review Process is designed to help you navigate the complexities of tax filings, identify potential opportunities for refunds, and ensure compliance with the latest tax regulations.

1. Make A Call
Start your journey to tax savings by giving our team a call. We’ll help you determine if your business is eligible for a Second Opinion, and discuss the information we need from you to complete the review.

2. Comprehensive Assessment
Our team will conduct a thorough analysis of your information to identify any areas that could be improved. We will focus on uncovering opportunities that will save you time, reduce your current year’s tax bill, and enhance the overall business performance.

3. Second Opinion Report

Once our team has completed the review, we’ll create your Second Opinion Report which includes a detailed overview of our findings and recommended solutions. The report is yours, no strings attached!

4. Report Walkthrough
We will schedule a 1-hour meeting in-person, via Zoom, or on the phone to go over the Second Opinion Report with you. This is to ensure that you have a clear understanding of the report’s contents, all your questions are answered, and that you fully agree with the next steps to take.


Bookkeeping & Payroll Services for Small Business Owners

Bookkeeping and payroll services gives your business an advantage to not only ensure accurate financial records and payments but also empower you to make informed decisions that lead to substantial cost savings.

Our team of experienced bookkeepers and accountants use innovative technology to streamline your financial processes and catch any mistakes before they become a problem.

This is how we help Small Business Owners through Bookkeeping: 

Moving away from traditional bookkeeping methods and transitioning to modern digital alternatives like accounting software will diminish the likelihood of inaccuracies which helps significantly ensure precision and currency of your financial records. Additionally, it frees up valuable time, enabling you to concentrate more on key business operations.

How do you know you are using traditional methods for your bookkeeping services: 

  • You keep collecting all your receipts in a shoebox. 
  • You manually record all of your business receipts and bank transactions.
  • Your bookkeeper doesn’t provide regular updates on your business’s cash flow position.
  • You have to follow up on your bookeeper or accountant for business reports.

Beyond mere convenience, cloud-based accounting holds significant importance for small businesses. It not only automates tasks but also ensures a high level of accuracy. This also streamlines financial management, offering small businesses the efficiency and precision they need to thrive in their industry.

Cloud Accounting Software we Use 
Join countless small business owners in Penrith who have already discovered the power of financial efficiency with leading cloud accounting software providers: Xero, QuickBooks Online, and MYOB – cloud accounting solutions that bring you streamlined finances, greater control, and informed decision-making.

Make a switch and book a discovery call with us today. 

For small business owners in Penrith, bookkeeping and accounting play crucial roles in effectively managing their finances. While these two functions might appear similar at first glance, there are distinct differences that set them apart.

Bookkeeping focuses on recording and organising financial data. Accounting is the interpretation and presentation of that data to business owners and investors.

Bookkeeping typically consists of:

  • payroll
  • invoicing
  • receipts and bills
  • recording business transactions

Accounting typically consists of:

  • financial statements and reports
  • budgets
  • tax returns
  • analysing business performance

Bookkeeping and accounting are two essential functions that play a crucial role in managing the financial aspects of a small business. By grasping the differences between these functions, small business owners can make informed decisions, maintain accurate records, and navigate the complexities of financial management more effectively.


Finance and Lending Solution for Small Business Owners

As a small business owner in Penrith, obtaining finance approval can be a challenging process.

Finance and lending help businesses seize fast opportunities and grow. They offer to cover costs for opening new places, trying new markets, or adding products. This lets a business expand, improve, and do more than they could alone.

We can help you with: 

At Oyster Hub Finance, we are dedicated to helping small business owners in Penrith like you find their pearls and lead you to success. Whether it’s looking for funds to cover expenses in opening new locations, exploring new markets, and expanding product offerings, Oysterhub stands ready to support you every step of the way. We don’t settle for surface-level assistance; instead, we dive deep into your specific requirements, challenges, and goals.

  1. Assessing Financial Needs: To better understand your financial landscape, our experts will conduct a thorough evaluation of your business and financial statements to determine the amount of funding needed and the best loan options for your specific circumstance.
  2. Gathering Documentation: We guide you through the process of gathering all the necessary documentation for the loan application. This includes financial statements, tax returns, bank statements, business plans, and any other supporting documents required by the lenders.
  3. Preparing a Strong Application: Our team assists in preparing a strong loan application that highlights your business’s strengths, financial stability, and growth potential. We ensure that all the relevant information is presented in a clear and compelling manner to enhance your chances of approval.
  4. Connecting with Lenders: As experienced finance brokers, we have established relationships with a network of lenders specialising in small business loans. We connect you with the right lenders, matching your needs and increasing your chances of securing favourable loan terms.
  5. Managing the Process: We act as your advocate throughout the loan application process, liaising with lenders, providing necessary updates, and addressing any queries or concerns. Our goal is to make the process as smooth and efficient as possible, saving you time and reducing the stress associated with loan applications.

By following these steps, clients are able to navigate through the loan application process, ensuring that they present a strong case to lenders and improve their chances of obtaining the financing they need towards greater success.


Tax Planning & Business Structures Setup for Small Business Owners

Choosing the right structure for your small business isn’t just about paperwork – it’s about maximizing your tax benefits. Our expert tax planning services guide you through the intricacies of different business structures, helping you identify the one that aligns perfectly with your unique situation.

If you find yourself burdened with high tax bills and haven’t reviewed your business structure, you might be missing out on valuable opportunities to minimise your tax affairs.

Our tax-saving strategies are backed by a promise that if we can’t deliver a refund or a better outcome moving forward, you won’t be charged for our service.

Getting To Know Your Business

By getting to know you and your business, we gain a deeper understanding of your current situation and long-term goals which allows us to develop a tailored plan to help you get where you want to be in the future! Let us walk you through:

  • Comprehensive Analysis of your Tax Payments
  • Thorough analysis of your past accounting practices
  • Outline the steps to take during tax planning and implementation process

Identifying Your Business Goals And Growth Patterns

After our initial consultation, we conduct a comprehensive analysis to identify your future goals and growth patterns.

  • Introductory analysis of your business objectives and strategies
  •  Understanding the factors that led to higher taxes in the past
  • Develop a plan to recoup overpaid taxes
  • Explore how legal structures can impact your tax liability
  • Streamlining your business processes with automation

Prepare Tax Saving Strategies Reports

When we have identified your business and growth patterns, we will provide personalised tax strategy reports outlining your potential tax savings.

  • Offer an impartial tax assessment to determine if you’re overpaying
  • Provide actionable advice on how to reclaim excess taxes paid
  • Proactive tax planning for the future
  • In-depth analysis to clarify your situation

Implementing Tax Strategies

Following the delivery of your detailed tax savings report, we’ll schedule a meeting to ensure the smooth implementation of the recommended strategies.:

  • Establishing target dates for executing the recommended strategies
  • Schedule quarterly reviews to monitor progress
  • Identify your financing needs for implementation

Your business structure isn’t just a label – it’s a key to unlocking valuable tax advantages. Through our expert tax planning, you can freely choose the structure that aligns with your goals and slashes your tax burden. Allow us to optimise your business structure for maximum tax benefits

Book a discovery call now

Looking Under the Hood For OVERPAID TAX for Small Business Owners

If you are a start up or small business owner in Penrith, with a turnover under $10m and you feel like you’ve overpaid taxes as a sole trader, company, or trust, our look under the hood solution will suit you.

Discover how our specialised tax services can help you unlock potential tax savings, optimise your business structure, and put more money back into your pocket.