The automotive industry is highly competitive, fast-paced and physically demanding. If you’re a motor mechanic, auto electrician, tyre dealer or smash repairer, we know how hard you work. At the end of a long day, there’s not much fuel left in the tank to think about BAS and GST. However, if you don’t give your books the attention they deserve, you could end up paying too much tax. Worse still, you could leave yourself vulnerable to penalties and fines from the ATO.
At Platinum Accounting & Taxation, our award-winning team have more than a decade of experience helping motor mechanics and automotive trades make light work of accounting and taxation. From managing your cash flow to meeting your compliance obligations and legally minimizing your tax, we can help your automotive business thrive through every stage of growth.
Accounting services for automotive mechanics
Our suite of accounting services covers everything you need as a motor mechanic or someone who works with cars. Regardless of whether you’re a sole trader or a small business owner, established in the industry or just starting out, we can help you get ahead. Here are some of our key services:
- Cloud accounting
- BAS preparation
- GST set up and lodgement
- Tax return preparation
- Bookkeeping
- Cash flow forecasting
- Business structure advice
- Tax compliance
- Tax strategy
- Payroll, superannuation, and FBT
- Business coaching
- Business startup advice
Business structure and startup advice for automotive mechanics
If you’re thinking of starting an automotive business, our team will get you off and racing. We offer fixed-fee business coaching packages designed specifically for startups, including motor mechanics, auto electricians, tyre dealers, and smash repairers. These cost-effective, holistic packages will give your automotive business the best chance of success throughout the critical early stages.
Our startup packages include everything you’d expect from an advisory service – plus a whole lot more. Our accountants work with you to determine the best structure for your business. We calculate potential setup costs, then create a practical budget to keep your cash flow steady. We also assist with marketing strategies to put you in the driver’s seat from day one. If you need finance for tools, equipment, and vehicles, we can even connect you with a lending specialist. Just another example of how Platinum Accounting goes the extra mile.
Here’s a snapshot of how we help startup automotive businesses:
- Determine the most suitable structure for your automotive business
- Help you identify potential roadblocks and pitfalls
- Provide effective strategies to legally minimize tax and protect your assets
- Create actionable business and marketing plans
- Set up strong cash flow management systems
- Advise on profitable product and service pricing strategies
- Offer ongoing mentoring and support to keep you on the road to success
All the latest tools of the trade
Staying on top of the latest technology is critical for anyone who works with motors. At Platinum Accounting & Taxation, our tech-savvy accountants stay up to speed with new tools, technology, and software. We’re experts in cloud accounting and can help you select the best accounting software for your specific needs.
With cloud accounting technology, you can provide us with online access to your financial data. That means we can deliver real-time advice and support for all your accounting and bookkeeping needs. Choose from one of our fixed-fee business accounting packages or cloud bookkeeping packages or ask us to tailor a solution that’s perfect for you. Whichever option you choose, we promise outstanding value and peace of mind for an affordable monthly fee.
Get started today
Get in touch to find out more about our accounting services for automotive mechanics and trades.Our office is based in Melton, but we work with mechanics across Melbourne and beyond, including Bacchus Marsh, Brookfield, Eynesbury, Deer Park, Gisborne and Caroline Springs. No matter where you’re located – or what shape your books are in – we’ll get your business firing on all cylinders.
