Accounting FAQs
How does a Finnox accountant help small businesses?
We manage bookkeeping, payroll, financial statements, and tax compliance, while analysing financial data for cash flow forecast, opportunities for cost savings, and support growth strategies so you focus on business.
What is tax planning service?
Tax planning is a proactive approach to managing your tax obligations. Instead of simply lodging returns at the end of the year, we provide year-round tax management to minimise liability legally through deductions, timing, and business structuring
Which software do you recommend?
We recommend accounting software based on your business size, industry, and specific needs. Xero is excellent for cloud based, real time collaboration. MYOB is strong for payroll and compliance features, while QuickBooks offers flexibility. We support whichever platform best suits your business needs.
Which is the best business structure?
There isn’t a one size fits all answer — the best structure depends on your goals, risk profile, and tax considerations.
- Sole Trader: Simple, but personal liability
- Partnership: Shared ownership, joint liability.
- Company: Offers limited liability and potential tax advantages.
- Trust: Useful for asset protection and tax planning.
- At Finnox, We tailor advice to your situation and best supports your long term success.
Do we have to switch to Xero if we come to Finnox?
No. While certified in Xero, we also support MYOB and QuickBooks, ensuring you use whichever accounting software best fits your business operations and efficiency goals.
How do you charge for your service?
Our fees are transparent and tailored to your needs. Many clients prefer our fixed fee model, offering certainty, peace of mind, and clear upfront costs without hidden surprises or hourly charges.
Mortgage Broker FAQs
What does a mortgage broker do?
A mortgage broker compares lenders, negotiates rates, simplifies paperwork, and guides you through applications. At Finnox, we save time, reduce stress, and secure the most suitable loan for your financial situation.
What is the best loan product in the market?
There’s no single best loan. It depends on your goals, income, and lifestyle. Finnox assesses your circumstances, compares lenders, and recommends the most suitable product, whether home, investment, or business finance.
How do you charge for your service?
Our services are usually free, as lenders pay us once your loan settles. In rare cases where fees apply, we’re upfront and transparent, ensuring you benefit from expert advice without hidden costs.
Does Finnox help with SMSF loans?
Yes. We specialise in SMSF loans, helping you purchase property through superannuation. Finnox ensures compliance with super rules, structures loans correctly, and guides you through complexities to protect retirement savings while investing confidently.
How do I know the maximum loan amount I can get from a bank?
Borrowing capacity depends on income, expenses, debts, credit history, and deposit. Finnox conducts detailed assessments, providing accurate estimates so you can plan property purchases or investments realistically and with confidence.
Do you assist with both personal and business finances?
Absolutely. Finnox supports individuals with home, investment, and vehicle loans, and businesses with commercial property, equipment, and working capital finance. Our holistic approach ensures tailored solutions across both personal and professional financial needs.
Finnox Advisory FAQs
What services do you offer?
We provide bookkeeping, accounting, mortgage broking, business advisory, plus tax compliance. Our integrated approach ensures seamless management of personal and business finances, delivering efficiency, compliance, and long-term financial peace of mind.
How experienced is the team at Finnox Consulting?
With over 15 years’ experience across accounting, finance, and advisory, we’ve supported startups, established businesses, and individuals. Our expertise helps anticipate challenges, identify opportunities, and guide clients confidently toward achieving their financial goals.
What makes Finnox Consulting different from other financial service providers?
We integrate accounting, tax, and finance for a complete financial picture. Committed to accuracy and long-term solutions, we simplify complex matters with approachable service, ensuring lasting results and confidence in your financial journey.
Do you only take clients from outside Melbourne?
While based in Melbourne, we serve clients nationwide through virtual consultations, cloud accounting, and remote planning. Whether in cities or regional areas, Finnox provides expert financial support across Australia.
How do I get started with Finnox Consulting?
Book a free 20-minute strategy session online. We’ll discuss your goals, outline suitable services, and provide a clear proposal with a fixed fee or tailored options, ensuring you begin fully informed and confident.
Do you assist with both personal and business finances?
Absolutely. Finnox supports individuals with home, investment, and vehicle loans, and businesses with commercial property, equipment, and working capital finance. Our holistic approach ensures tailored solutions across both personal and professional financial needs.
