• Specialist Accounting Services

    Startups and New Business

    We are passionate about technology and the impact it can have on people’s lives to improve communication, collaboration and saving time. We see startups playing a vital role in innovating and introducing new technology to the public. The startup scene in Mackay is growing and it is great to see individuals and businesses in Mackay committed to its success. 

    Whitson Watt Accounting fits into the startup scene as advisors who can help you with structuring your business for growth. We assist setting up systems for your record keeping so you can maximise your time on developing your startup. We can help set up your budget so you can better understand what expenses you have coming up to better manage your cash flow. 

    We are the first accounting firm in the Mackay region to develop an accounting smartphone app and we can share our experiences with you. We want to collaborate with like-minded individuals who share our passion for technology and build our businesses together. We can show you tools from the accounting side that will help you to get to where you want to be much faster and with less stress. Using systems like Xero and Crunchboards and Power BI, we can help you get insight into what your financial data means to you.

    Farming

    Dallas Watt and Brett Walz, the principals of Whitson Watt Accounting, were raised on cane farms in the Pioneer Valley and their families still farm the land today. We understand agriculture, farming, small country businesses and their needs. 

    We offer well priced advice and efficient tax and business advisory services for the man and woman on the land.

    Using the most modern and efficient accounting and tax software in Xero, you can work on the books when it suits you on any device that has internet access at the time. So whether you are attending the children’s sports training or on a tractor in the paddock, you can access your figures when you need it. We can access the same figures at the same time and discuss with you when you need us to and keep an eye on their accuracy helping to keep costs down. 

    Health Practitioners 

    When you need quality advice for your business, whether it be for a doctor, dentist, physiotherapist, chiropractor or other allied health professional, we want to be there to help. 

    With many years of experience in working with health professionals in Mackay, our accountants have the knowledge to help you with your taxation needs.

    Whether it be looking at ways to legally minimise your tax or keeping your figures up to date so that you know where your business is going, we want to be the trusted advisor you can turn to. 

    We understand the long hours that many health professionals work and we can tailor packages where we look after your bookkeeping and payroll requirements using tools like Xero that will be where you are and ready when you are. 

    Construction and Trades

    We look after a lot of businesses large and small in the building and construction industry. We specialise in preparing the accountant’s report for QBCC licensing. We can help structure your business to comply with the QBCC licensing requirements. 

    Technology is having a positive impact on the bookwork of tradespeople. Whether it be cutting down time on entering the bookwork, improving cash flow by issuing invoices immediately after the job has been done and even getting paid on the spot. Cut down overdue accounts by automatically issuing invoice reminders. We can show you how to set up these systems to benefit your business. 

    Retail and Hospitality

    Customer service is the lifeblood of a successful business dealing with the public. There are a number of apps that can streamline the customer service experience you offer to customers while recording your figures for taxation requirements at the same time. 

    Do you keep track of your inventory? If not, why not? How do you know what your top selling items are, or which items are no longer selling and tying up valuable cash flow? Implementing an inventory management system can give you information to make better decisions for your business. 

    Data Analysis

    Do you need help analysing your data? We can help put in place key performance indicators (KPIs) so that you can keep track of key metrics that impact your business. Doctors use KPIs to measure our health and wellbeing. Let us use KPIs to measure the success of your business and determine where things could be better

    Superior Self-Managed Superannuation Fund Services

    If you are a free-spirited investor and want to manage your own superannuation fund we can assist with the setup of your fund and then the day to day administration of the fund in accordance with SIS regulations and organise for the annual audits to take place for you. We can take care of all compliance requirements and are licensed to discuss superannuation matters. 

    We use the industry leading SuperMate software that allows you to login and monitor your investments with your own login and in your own time.  SuperMate is all about automation of the transaction data and allows us to be very competitive in providing our services for self-managed superannuation administration. We have the ability to advise through the full life cycle of your superannuation form formation to pension phase and beyond.

    Bookkeeping

    We offer proudly Australian based bookkeeping services that are monitored by an Australian qualified accountant and processed here using the latest in technology to help keep the costs down. You can rest assured that it will be processed with the requirements of the Australian tax law in mind and to minimise the steps required to complete the year-end tax compliance.  

    The advantage over traditional bookkeeping services when you cannot source one, is that the bookkeeping is done with the tax return in mind keeping costs under control, but you will also have up to the day financial data to access and review to help run your business. Something tricky comes up, we have the expertise on hand to be dialled up as needed again keeping the costs down for you.