Accounting on the Sunshine Coast
Comprehensive Services
Tailored Support for Your Financial Goals
Accounting Software Solutions
Streamline Your Financial World
At Michael Andrews Taxation & Accounting Services, we take the stress out of managing your finances so you can focus on what matters most—whether that’s growing your business, planning for the future, or simply enjoying life on the Sunshine Coast. With our hands-on, personalised approach, we work closely with individuals and small businesses in
Maroochydore,
Caloundra,
Pacific Paradise and surrounds.
From
bookkeeping and tax compliance to financial planning and
superannuation advice, we tailor our services to your needs, making sure everything runs smoothly behind the scenes. Need help setting up
Xero? We’ll get you started with a system that simplifies invoicing, payroll, and reporting, saving you time and hassle.
Our focus is on real people, real businesses, and real financial freedom. Call us today on 0400 660 003 to see how we can help.
Why Choose Us?
At Michael Andrews Taxation & Accounting Services, we go beyond the numbers—we take the time to understand you, your goals, and what financial freedom means for you. Here’s what we do:
- We make the effort to know you and your business.
- Bookkeeping support to keep your records organised.
- Xero setup to simplify invoicing, payroll, and reporting.
- Solutions for small businesses across the Sunshine Coast.
- Practical advice to help you stay in control of your finances.
With our down-to-earth approach, we aim to make financial management simple and stress-free. Call
0400 660 003 today.
Our Bookkeeping Services
Keeping your finances organised shouldn’t be a headache. At Michael Andrews Taxation & Accounting Services, we make bookkeeping simple, giving you clarity and control over your money. Whether you're a small business owner or managing personal finances, we can track your income, expenses, and cash flow, so you always know where you stand.
We take the time to understand your needs, offering tailored bookkeeping solutions that free you from paperwork and help you focus on what really matters—growing your business, enjoying your lifestyle, and reaching your financial goals.
Keen to find out more? Reach out to us on 0400 660 003.
We Help with Xero Setup
Switching to Xero can make managing your business finances so much easier—and we’re here to help you get set up the right way. At Michael Andrews Taxation & Accounting Services, we customise Xero to suit your business, ensuring seamless invoicing, payroll, and tax reporting. Whether you’re new to Xero or transitioning from another system, we’ll guide you through the process so you can hit the ground running.
With Xero, you’ll have real-time access to your financial data, making it easier to track cash flow, monitor business performance, and collaborate with your accountant. Our goal is to simplify your accounting so you can spend less time on admin and more time doing what you love.
Call us on 0400 660 003 to get started with Xero today.
Frequently Asked Questions
What is the difference between assets and liabilities?
Assets and liabilities are key components of a company’s financial position. Assets are items of value that a business or individual owns, such as cash, inventory, property, or equipment. They can be classified as current (short-term) or non-current (long-term). Liabilities, on the other hand, are obligations or debts owed to others. Examples include loans, accounts payable, or outstanding bills. Like assets, liabilities can be current (due within a year) or non-current (long-term). The difference between assets and liabilities determines equity, which represents the owner’s stake in the business.
What is double-entry accounting?
Double-entry accounting is a system that records every financial transaction in two accounts: a debit and a credit. This approach helps the accounting equation—assets = liabilities + equity—remain balanced. For example, if a business buys equipment, the transaction increases the asset account (debit) and decreases the cash account (credit). By recording transactions in this way, double-entry accounting helps maintain accuracy and detect errors in financial records. It is the standard method for businesses because it provides a complete view of financial transactions.
How do I prepare for tax season?
Preparing for tax season involves keeping accurate and organised financial records throughout the year. Start by gathering all relevant documents, such as income statements, expense receipts, and bank statements. For individuals, this includes work-related expenses, investment income, and tax-deductible contributions. Businesses should organise payroll, invoices, expenses, and financial statements like profit and loss reports. It’s important to track deadlines for filing taxes to avoid penalties.
