Accounting services for Penrith small businesses.
Carmody Accounting is an accounting firm based in Penrith, NSW. We help small to medium businesses across Western Sydney with tax, bookkeeping, business structuring, and year-round financial advice.
About Our Accounting Services
Carmody Accounting provides four core services for small to medium businesses in Western Sydney: Business Tax & Accounting (year-round tax strategy and compliance), Individual Tax Returns (maximising deductions), Business Setup & Advice (correct structuring from day one), and Bookkeeping & Advice (professional bookkeeping with continuous oversight). Our Penrith-based team of accountants serves Penrith, Blue Mountains, Hawkesbury, Blacktown and surrounding areas, helping businesses reduce tax, maintain compliant records, and make informed financial decisions.
Business Tax & Accounting
Most businesses overpay tax because they only think about it once a year. With Carmody, your tax position is reviewed throughout the year — we identify deductions, structure decisions and timing strategies that aren't available once the financial year closes.
- Annual financial statements & tax returns
- BAS & GST lodgement
- PAYG withholding & payroll tax compliance
- ATO audit support & representation
- Year-round tax planning & strategy
- Cashflow forecasting & budgeting
Individual Tax Returns
Plenty of accountants will process your return. We take time to understand your situation and make sure you're claiming every deduction you're legitimately entitled to — from investment property depreciation to home office expenses.
- Individual income tax return lodgement
- Investment property deductions
- Capital gains tax (CGT) calculations
- Work-from-home expense claims
- HELP/HECS repayment advice
- Prior year overdue returns
Business Set Up & Advice
The wrong structure can cost you tens of thousands in unnecessary tax. We work with new and existing business owners across Penrith and Western Sydney to ensure every structure decision is made with your long-term goals in mind.
- Business structure advice (company, trust, sole trader)
- ABN & company registration
- GST & tax registration
- Asset protection strategies
- Business purchase due diligence
- Succession planning & exit strategies
Bookkeeping & Advice
We don't just enter transactions — we keep an eye on your numbers and flag anomalies, cashflow pressures and opportunities before they become problems. Because our bookkeeping team works with our accounting team, your year-end tax work is faster and far less stressful.
- Weekly, fortnightly or monthly bookkeeping
- Bank reconciliation & accounts payable/receivable
- Payroll processing & Single Touch Payroll (STP)
- BAS preparation & lodgement
- Xero & MYOB setup and support
- Management reporting & KPI dashboards
Accounting services in Penrith — FAQs
Everything you need to know about working with a Penrith accountant.
What accounting services does Carmody offer in Penrith?
Carmody Accounting offers business tax and accounting, individual tax returns, business set up and structure advice, and bookkeeping services for small to medium businesses in Penrith, the Blue Mountains, and Western Sydney.
How much does an accountant in Penrith cost?
Costs depend on the complexity of your situation. Book a free 15-minute consultation and we'll give you a clear quote upfront.
Can Carmody help if I'm behind on my tax returns?
Yes. We regularly assist clients with overdue returns and can liaise with the ATO on your behalf to minimise penalties and establish payment plans where needed.
Do you work with Xero and MYOB?
Yes — we're experienced with both Xero and MYOB. If you're not yet on a cloud platform, we can migrate and set you up from scratch.
Not sure where to start?
Book a free 15-minute call with Jai. We'll point you in the right direction — no obligation, no jargon, just straight answers from a Penrith accountant.