Frequently asked questions

Everything you need to know about working with a local Busselton accountant.

How much does an accountant cost in Busselton?

Accounting fees vary depending on the services you need, the complexity of your situation and the level of ongoing support involved. At LKB Accountants, every engagement starts with a written, fixed-fee proposal — so you always know exactly what you're paying before any work begins. No hourly rates, no surprise bills. Book a free consultation with Lachlan and we'll give you a clear, upfront quote tailored to your specific situation.

Do I need an accountant for my small business or sole trader income?

Yes — and the earlier the better. Beyond lodging your tax return, a good accountant helps you choose the right business structure, legally minimise your tax, stay on top of BAS obligations and avoid costly ATO penalties. Many small businesses and sole traders across Busselton and South West WA are paying more tax than necessary simply because they don't have the right advice in place.

What is a BAS and when do I need to lodge one?

A Business Activity Statement (BAS) is how you report and pay GST, PAYG withholding and other tax obligations to the ATO. If your business is registered for GST, BAS lodgement is mandatory — quarterly for most businesses, with due dates on 28 October, 28 February, 28 April and 28 July. As registered BAS agents in Busselton, LKB manages every lodgement on your behalf so you never miss a deadline.

How do I switch to LKB Accountants from my current accountant?

Switching is straightforward and we handle the entire process. Once you book a free consultation with Lachlan, we contact your previous accountant to request your records, review your current position and take over from an agreed date. There's no disruption to your business and no awkward conversations you need to manage yourself. The best time to switch is after a BAS lodgement or at the start of a new financial year.

Do I need to register for GST as a small business in Busselton?

You must register for GST if your annual turnover reaches $75,000 or more — or $150,000 for non-profit organisations. Taxi and rideshare drivers must register regardless of turnover. If you're approaching that threshold, contact LKB before you reach it — getting your GST setup right from day one prevents costly adjustments later.

What accounting software does LKB use?

LKB primarily uses Xero — one of Australia's most widely used cloud accounting platforms. As a Xero Certified Advisor, Lachlan helps clients set up Xero correctly, manage bank feeds, run payroll and stay BAS-ready in real time. We can also work with MYOB and other platforms. If you're not sure what's right for your business, we'll advise you during your free consultation.

Can LKB help me set up a new business in Busselton or South West WA?

Yes — and getting the setup right from the start is one of the most valuable things an accountant can do for you. We help new business owners across Busselton and South West WA choose the right structure (sole trader, company, trust or partnership), register for GST and ABN, set up Xero and understand their ongoing obligations before they're caught off guard by them.