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Secure your business and your
future by contacting us today.

Our team is ready to talk to you about your business accounting needs and your personal wealth management strategy. We look forward to providing you with a flexible, highly tailored and truly personalised experience.

    Accounting for Beauty and Wellness

    Australia’s health and wellness sector is expected to expand significantly in the next five years, so it’s vital that you have your business primed and ready for growth. Cosmetic clinics, wellness spas and beauty therapists face many challenges, including seasonal demands, complex staffing arrangements and strict regulations. But when they partner with accounting professionals who understand their industry, they don’t just survive the ups and downs… they truly thrive and achieve their business goals.

    Here at North Advisory, our team of Chartered Accountants has exceptional knowledge and experience in accounting for beauty and wellness clients. We are ready to support you and make your wellness business dreams come true.

    Managing all variables

    Managing all variables

    The list of accounting tasks can seem almost endless: calculating pay rates for long hours that include weekend work, client booking and invoicing systems, stock management and purchasing consumables, insurance premiums and other outgoings. There is a lot that goes on behind the scenes of a beauty and wellness business that people don’t even think about, but we understand that it’s not just about making your clients look and feel a million dollars. To succeed in the industry, you have to constantly manage all the variables, and sometimes it can be overwhelming.

    That’s where we can help. We assess your business needs and implement internal processes that improve efficiency and can give you back some of your valuable time.

    Employment arrangements

    Employment arrangements

    One of the most common issues clients in the beauty and wellness sector experience relates to employment arrangements. Highly skilled beauty technicians, cosmetologists and therapists invest significant time and money perfecting their skills and they often want to work under their own names as contractors.

    For some, this is an easy method of employment, but there can be pitfalls and complexities around it. It’s crucial that you have an accounting professional providing you with accurate advice on how the ATO views this type of employment and also highlights the relevant laws that cover contractor versus employee classifications.

    The last thing you want is to be non-compliant and end up with a significant amount to pay, or an infringement notice. Being across your obligations when it comes to the employer super guarantee, hourly pay rates and leave entitlements can save you headaches and payouts later down the line.

    All stages of your business

    All stages of your business

    When you partner with North Advisory, we develop a long-term relationship with you. We are always here to help your business through all growth stages. Through our corporate advisory services we provide invaluable business advice when you need it… whether you are looking to purchase significant assets, open a new location, acquire a complementary business or perhaps look to sell.

    If you’d like to find out more about our expert accounting for beauty and wellness clients, please contact us today.

    CASE STUDIES

    How North Advisory helped a start-up <br>succeed</br>

    How North Advisory helped a start-up
    succeed

    Rebecca Spencer founded Becscomm in 2017 and made the decision to engage the services of North Advisory right from the start. Our professional accounting services have enabled Rebecca to grow her business and feel confident that she has a dedicated team focused on the financial side of Becscomm.

    The right business accounting for Brilliant Digital

    The right business accounting for Brilliant Digital

    From the minute she met the team at North Advisory, Deb Croucher knew that she had found the answer to her business accounting needs. Over the past ten years, our marketing accountant services have helped her build her small digital marketing business, Brilliant Digital, into an industry leader.

    More than <br>just an</br> accountant

    More than
    just an
    accountant

    After having the same accountant for many years, Debbie Boyce faced the difficult task of finding a replacement service provider. Her longstanding, somewhat conservative accountant was retiring and she knew it was time to find a new partner… someone with extensive management accounting skills.

    Secure your business and your
    future by contacting us today.

    Our team is ready to talk to you about your business accounting needs and your personal wealth management strategy. We look forward to providing you with a flexible, highly tailored and truly personalised experience.