• Brilliant Ideas Pty Ltd
Brilliant
Ideas

Act
honestly and
with integrity

Brilliant
Ideas

Act lawfully
and in the best interests
of your client

Brilliant
Ideas

Do not disclose client
information without
consent

Statement by Director

Starting a small business isn't for the faint of heart.

Think of it as a huge jigsaw puzzle that each piece needs to be put perfectly in place in order to have a successful startup. What happens if there's a few missing pieces? If those missing pieces fall into your business's accounting, your startup will be shaky. Here's the Accounting 101 information you need to have:

What is your business structure?
Filing deadlines are different for businesses than for individuals
Getting your Tax File number

Don't forget to get business insurance

When you're tallying up those business expenses.

Whatever risks are associated with your business; you need to get the proper small business insurance to protect you AND your new business.

Sherif Halim

Co founder of Brilliant Ideas Accounting Services

Established: 1 January 2014

Code of professional conduct

Our reputation is built and structured around the five fundamental categories of the TPB code of professional conduct

Honesty and Integrity

Act honestly and with integrity. Comply with tax laws in the conduct of personal affairs. Avoid knowingly being involved in false or misleading statements.

Independence

Act lawfully and in the best interests of your client. Avoid conflicts of interest, or where they can't be avoided, manage them appropriately.

Confidentiality

Do not disclose client information without consent or legal obligation. Maintain confidentiality, especially in dealings with government agencies.

Competence

Provide services competently. Take reasonable care to ensure services provided on your behalf are competent. Maintain proper client records.

Internal controls are policies and procedures

put in place to ensure the continued reliability of accounting systems.

Accuracy and reliability are paramount in the accounting world. Without accurate accounting records, managers cannot make fully informed financial decisions, and financial reports can contain errors.

Internal control procedures in accounting can be broken into seven categories, each designed to prevent fraud and identify errors before they become problems.

  • Separation of duties

  • Access systems controls

  • Physical audits

  • Standardized documentation

  • Trial balances

  • Periodic reconciliations

  • Approval authority

Life decisions could be

more than just buying a motor vehicle, want to buy a Motor Vehicle, have you considered the following?

Discover more

Responsibilities

  • Act in accordance with taxation laws

  • Have adequate quality assurance processes

  • Respond to TPB
    requests

  • Keep clients
    properly informed

Can low

Can low

Income Earners Invest in a property?

Banks have four major criteria they consider when assessing your investment property loan application,

Reliability

90%

Serviceability

46%

Deposit funds

60%

Suitable security

60%