Small Business Accountant Melbourne

Advice and personalised packages to suit your requirements with easy to manage, fixed price, monthly payment options.


Professional Small Business Accountants in Melbourne

Located in Preston, 10km north of the Melbourne CBD we are a boutique accounting firm whose strength is small businesses like yours. As small business owners ourselves we understand your challenges and have built services specifically catered to your needs. 

How well are your business financials currently being managed? Could you use some help from a small business tax advisor in Melbourne? Are you great at managing your business but when it comes to accounting it often gets a little chaotic? You are not alone and we are here to help.

We get your business financials in order and put together a plan that ensures they stay that way and your business continues to grow. Even if you already have a basic accounting skills, our small business tax accountants in Melbourne will prove to be invaluable to you becoming more proactive and less reactive by providing you with advice when your business needs it, not just when you ask for it.

Fixed Price Small Business Accounting Packages

Our fixed price packages and range of online tools make it easy to manage your business accounting. 

iCompass flexible packages take the headaches out of small business accounting. We, the small business tax consultant Melbourne, provide the advice and support your business needs and we make sure that your compliance obligations are met and there are no surprises at tax time.

From inception and start-up through to operation and growth, iCompass is there to provide advice and support on everything from business structure and setting up your business, through to all the requirements of small business accounting and tax.


Xero Small Business Accounting Software

Using the internationally acclaimed Xero software, coupled with professional advice and support from iCompass, each package provides the services and reports that you need. Xero accounting software provides a platform for easy day-to-day accounts management and we take care of the rest with set review periods, compliance support and completion of tax returns. Other initiatives such as online authorisation of documents streamline the process and lets you deal with tax and compliance quickly and simply so you can get on with your day.

Are You a Small Business Owner? We can Help!

As a small business owner, you understand the importance of reliable accounting services. We offer a broad range of accounting services for small businesses, covering everything from tax advice to financial management. Sit down with an experienced member of our team and we can help you work out which services you need to succeed.

Income tax returns
Tax planning strategies
Financial reporting
ATO & ASIC Lodgements
Setting up a new business
Cashflow forecasting
Business plans
Franchise Advice
Online Business Advice
Tax audits
Preparation of financial statements
business accountant type

Small Business Accountant for All Business Types

As small business accounting experts, we’ve worked with small businesses in many industries. As we aim to understand each business we work with at a deep level, we can provide finely tailored accounting advice and business analysis services. 

As a small business owner, we’ll support the accounting side of your business, allowing you to focus on running your business, building relationships with customers and staff, and generating revenue.

We support all types of small businesses in Melbourne including:

  • Hospitality Services
  • Retailers & Wholesalers
  • Building & Construction
  • Importers & Exporters
  • Manufacturing
  • Finance Consultants
  • Medical Practices
  • Legal Professionals
  • Property Investors & Developers
  • Architects

Our Practise Accounting Certifications

  • CPA – Certified Practicing Accountants
  • Gold Champion Xero Partner
  • Registered Taxation Agents
  • Registered ASIC Agents
business accountant certificate

What Our Clients Say

“iCompass had managed our personal tax for a number of years and we had always been happy with their service and advice so when I was looking to set up the new company structure it seemed appropriate for them to manage this and the accounts for the new entity.

We moved to a monthly packaged service and I believe the value we get far outweighs the cost. You know what you are going to pay and when this will come out each month. I have the peace of mind that the services they offer under that fee provides good value for money.

Whenever you have a question iCompass are always available to help out. Regardless of whether you want to seek advice, or action a small item related to Xero, they are always available. This flexibility is greatly appreciated. There have been times when I have required some training on Xero and the iCompass team has made themselves available to walk me through the information required and the processes.

It isn’t always about business and I enjoy the fact we can discuss things not just related to work. It shows they are human which I appreciate.” 

Luke Watson 
Owner/Director, Luke Watson Design & Assembly – LWDA

“The reason why I recommended Anthony to my current employer was because I find him to be so professional and he knows what he is talking about. I feel safe and secure and the fact that he is so knowledgeable ensures we are covered in every situation, are not being misled and are not about to have any unforeseen issues with the ATO. I feel like Anthony keeps us on the straight and narrow.

We have moved to a monthly fixed fee which works well. We have access to Anthony and the team at any time about any questions regarding Xero. It also helps with our cash flow. We know how much we are spending on these services per annum and can budget each month which is easier to deal with than one lump sum around tax time.

Anthony’s level of professionalism is outstanding. I always feel like I am in capable hands. “

Justine Wratten
Administration/Bookkeeper, Patterson Locksmiths

“As far as Accounts go, Anthony has the ability to get me excited about book work. I didn’t think that was possible. 

iCompass offer innovative products such as Xero and like to keep current and up to date with best practices. Anthony is a very strong communicator which makes me feel more confident in taking on more of the book work and understanding how that works.”

Joanne Costello
Administration Manager, Heathglen Homes

iCompass & Xero

iCompass uses Xero Accounting Software – click on the videos below to find out more about how we use Xero to work with our clients.

Get in Touch

To discuss your specific requirements please contact iCompass small business accountants on 1300 554 948

Get in touch using the form below – we’ll be delighted to help! 

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Frequently Asked Questions

Why would I need to hire a small business accounting service?

There are a few reasons you might want to consider hiring a small business accounting service. Firstly, if you don't have the time or knowledge to do your own accounting, it can be helpful to outsource this task to professionals. Secondly, a small business accounting service can provide valuable insights and advice on financial strategy. Finally, having someone to handle your accounting can free up your time to focus on other aspects of running your business.

What services do small business accounting services typically offer?

Small business accounting services can offer a variety of services, depending on the size and needs of your business. Typically, they can provide bookkeeping, financial reporting, tax preparation, and payroll services. They can also offer advice on financial strategy.

How can a small business accounting service help my business?

There are several ways in which a small business accounting service can help your business. Firstly, by taking care of your financial reporting and bookkeeping, you will have more control over your business and make time for the things that matter most. You’ll free up resources and labour, and will be able to take advantage of experienced business accountants. Moreover, business accountants can help you prepare for and manage your tax obligations effectively.

What should I look for in a small business accountant?

When choosing a small business accountant, it is important to consider the size and needs of your business. You will also need to consider the experience and qualifications of the team, as well as their fees.

What makes iCompass different from other small business accounting firms?

iCompass has been providing quality accounting services to small businesses in Melbourne. We offer a comprehensive range of services, including tax return preparation, bookkeeping, financial statement preparation, and more. We are also one of the only firms in Melbourne that offers fixed-price packages, so you can be sure that you are getting the best value for your money.

Can you help me with my small business tax?

Absolutely. We have a team of experienced tax accountants who can help you with your small business tax returns. We can also help you with bookkeeping, financial statement preparation, and more.

How much do your services cost?

We offer fixed-price packages for our clients, so you’ll be sure to make the most of your investment. We also offer a free initial consultation, so you can get to know us and our services before you make a decision.

Can you help me with other financial affairs and my business growth?

Yes, we can. In addition to our accounting and tax services, we also offer financial strategy and business growth services. Our business advisors and consultants can help you with everything from creating a budget, managing risk to expanding your business. Contact us today to learn more about how we can help you grow your business.

Phone: 1300 554 948

Office Address: 
Suite G11A 84 Hotham Street, PRESTON VIC 3072 

Postal Address:
PO Box 2006, PRESTON VIC 3072