Trusted and Experienced

Small Business Accountants

Expert Guidance for Small Business Financial Management

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75+ 5-star reviews on Google

Elephant Advisory - the accounting experts

Why work with Elephant Advisory?

At Elephant Advisory, we pride ourselves on being more than just your average small business accountants. Our goal is to become a trusted partner in your business journey, and we achieve this by going above and beyond for our clients. Here are just a few of the ways we can help you grow your business:

Tailored support

Every business is unique, and that's why we offer tailored support to suit your schedule and your specific needs. Whether you prefer to chat in person or over the phone, we'll work with you to find the best solution for your business.

Trusted advice

Running a business can be overwhelming, especially when it comes to tax and compliance. That's why we're here to offer you trusted advice on your important business decisions. We'll help you navigate the complex rules and regulations so you can focus on growing your business.

Proven results

We've spent years helping Melbourne's small business owners achieve their goals, and we have a track record of success. From managing cash flow to offering business advice, we're dedicated to helping your business thrive. Let us put our expertise to work for you.

why work with us

Expert Solutions for Your Business

At Elephant Advisory, we offer a wide range of services to help small businesses in Melbourne thrive. Whether you're a startup, a sole trader, or a company, we have the expertise to guide you through the complex tax and legislative hurdles that burden small businesses.

Tax Compliance

Running a small business is challenging at the best of times, especially when it comes to accounting. Our tax compliance specialists will help you stay on top of your obligations and implement tax-effective strategies tailored to your business.

Bookkeeping

It’s a mistake for small business owners to get bogged down with their own bookkeeping and financial obligations. Our bookkeeping services will help ease the pressure of admin, allowing you to focus on the important items that will drive your business growth.

Business Advice

Growing your business is harder when you’re doing it on your own. Our CPA & Chartered Accountants are experienced in growing small businesses in the Australian market. Get business advice from accounting experts who can take your business to the next level.

Tax Planning

Tax planning is when our business tax accountants do some of their best work. We’ll work with you to review your financial situation, plan and time your tax instalments, forecast your tax costs and help implement the tailored strategies to minimise your tax bill.

Business Set Up

Getting your business set up right will save you from having to unsnarl a big mess down the road. Whether you’re building a business plan or just need quality advice, you’ll have access to accounting experts who specialise in small business.

Business Structure Review

Whether you’re a sole-trader, partnership, trust or a company, choosing the right business structure is critical to your growth. No matter your type of business, we’ll make sure that you have the right business structure in place to set you up for success.

Self-Managed Super Funds (SMSF)

If you are choosing a Self-Managed Super Fund to plan for your retirement, the right people will make investing in your future easy. We’ll help set-up your SMSF, perform ongoing administration, ensure tax compliance and help you maximise your return on investment.

Virtual CFO

We offer Virtual CFO services that deliver expert financial management and analysis, freeing up you up to focus on growing your business. Through regular reviews, we’ll perform modelling, budgeting, forecasting, reporting and help identify necessary changes, ensuring the continued financial stability of your business.

our services

How To Choose Your Small Business Accountant

Are you a small business owner in Melbourne searching for the right accountant to help you grow your business? With so many options out there, it can be challenging to choose the right fit for your needs. In this video, we discuss five questions you should ask when choosing a small business accountant in Melbourne.

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who we help

Who do we help?

We Help Sole Traders

When starting a business by yourself, you don’t want to be focusing all your time and energy on the complex tax and legislative hurdles that burden small businesses. We’re business advisors you can lean on, offering sole traders affordable tax and accounting assistance to help set your business up to thrive.

Had my Tax done by Sam at Elephant Accounting. A wealth of knowledge and information. Great advice which helped me tremendously for future Finacial decisions. Can highly recommend him and the company for Tax advice.

Jeff Shaw

Start up business owner works on orders in house

"Oz and Sam were enormously generous with their time in helping me with my taxes. Oz was always available to take my calls and answer questions despite my limited accounting knowledge. Would strongly recommend them to anyone who's looking for good people to be their accountants. Thanks guys!"

Ned Couper-Johnston

We Help Startups

If it’s early days in your business journey, the foundation you put in place will determine the success of your business for years to come. Our small business accountants in Melbourne can help with business set up, business structure, tax and compliance, as well as ensure effective financial management strategies are in place.

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We Help Companies

Most small businesses can’t afford to hire an internal full-time accountant who looks after their bookkeeping and finances. Elephant Advisory’s business accounting team offer a flexible and affordable solution, working closely with you to make sure your business is in the best position to achieve its goals.

company meeting Melbourne Accountants & Mortgage Brokers | Elephant Advisory

"Sam is an absolute delight to deal with. Very efficient and knowledgeable. I have dealt with accountants previously but never received great service and great refunds till I used Sam from Elephant Advisory. Highly recommended!!"

Angel Protacio

Business Accountant Oz works with client

"Oz and the team always finish the work efficiently, and easy to get along with. Whenever we got questions, a quick call or an email sent and then the problems resolved promptly. We highly recommend Elephant Advisory to anyone who is looking for a good accountant and a tax advisor."

We Help Trusts

Trusts come with their own set of complicated rules and regulations. By working through your needs and goals, our accounting team will guide you in setting up your trust, help you with administration and understanding your responsibilities, as well as assisting with ongoing management requirements.

Whatever your needs, we're here to help you succeed. Contact us today to find out more about how we can help your business grow.

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who we help

"Sam is an absolute delight to deal with. Very efficient and knowledgeable. I have dealt with accountants previously but never received great service and great refunds till I used Sam from Elephant Advisory. Highly recommended!!"

Angel Protacio

"Had my Tax done by Sam at Elephant Accounting. A wealth of knowledge and information. Great advice which helped me tremendously for future Financial decisions. Can highly recommend him and the company for Tax advice."

Jeff Shaw

"Oz and the team always finish the work efficiently, and easy to get along with. Whenever we got questions, a quick call or an email sent and then the problems resolved promptly. We highly recommend Elephant Advisory to anyone who is looking for a good accountant and a tax advisor."

Sam at Elephant Advisory has looked after my business since it opened almost 5 years ago. He is helpful sometimes with gentle business advice and experiences. He has been accurate and timely with every single piece of help I've needed. I regularly recommend this group to all of my mates looking for accountants.

Ciaran Hudson

Meet Our Accounting Team

Sam Draper and Oz Karabadjak are two highly-skilled accounting professionals with extensive experience growing small businesses in Melbourne. As CPA and Chartered Accountants, the pair had been on their own small business journey for two years before merging with Elephant Advisory in 2021.

Today, Sam and Oz have built long-lasting relationships with each client through genuine care for their work. If there’s one thing these Melbourne small business accountants love more than crunching numbers, it’s watching a client achieve their business goals.

team Melbourne Accountants & Mortgage Brokers | Elephant Advisory

our team

Ready to take your business to the next level?

If you're looking for a team of trusted and experienced accountants who can help you achieve your business goals, look no further. Elephant Advisory is here to help. From tax compliance and bookkeeping to business advice and tax planning, we've got you covered.

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Accounting FAQs

What does a small business accountant do?

A small business accountant assists in navigating the complex Australian tax system which includes; setting up your business, lodging your business activity statement (BAS), discussing your structure (company, trusts, sole trader) to assisting with year-end tax returns and Australian Tax Office (ATO) lodgements. They can further help with preparing for any government grants, provide support when applying for finance with your bank or work to help you grow your business.

Can I do the accounting for my own small business?

You can complete your own tax work up to a certain point in small business, then it’s always wise to get a professionally qualified Chartered Accountant to assist with your Australian Tax Office (ATO) dealings. As your business starts to grow, you need to focus on your skillset and customers knowing full well a trusted tax advisor ensures the ongoing viability of your business.

Do I need to have Xero to use your services?

In short, no. If you’re not yet familiar with the Xero accounting software, our small business accounting Melbourne team will bring you up to speed and help you set up your new account.

What's the best accounting software?

We believe the best management of your business accounts is through quality accounting software. That’s why we are a certified Xero Accounting Partner and work with all our clients to migrate to Xero to ensure ongoing access to accurate and correct business performance information.

How do we charge for our accounting?

We believe in a tailored approach to each client. In our discovery meeting, we get to understand what you are looking for from your accountant to ensure we are the right fit. We charge our clients monthly with an annual review to ensure you are happy with our services. All our prices are disclosed upfront so there are no surprises.

frequently asked questions