Storage - Economos

Storage Companies

Storage companies store items for a wide range of customers—from families trying to declutter their homes to large corporations who need to store goods securely for future sales. To keep track of all those customers, their billing, and which items they have stored with accuracy, requires excellent efficient record keeping systems and accounting expertise. Our experienced accountants can help you keep your records in order, as well as keep track of your GST, your workers’ compensation, and comply with all the government’s reporting requirements.

Storage companies store items for a wide range of customers—from families trying to declutter their homes to large corporations who need to store goods securely for future sales. To keep track of all those customers, their billings and which items they have stored requires a lot of time and attention to detail. Our experienced accountants can help you keep your records in order, as well as keep track of your GST, your workers’ compensation and help you comply with all the government’s reporting requirements.

Accounting Services

When you’re dealing with others’ property, you have a lot of items to keep track of. Payments, receipts for storage, billing—all those services can be difficult to manage on your own. Not to mention keeping track of payroll, GST, and workers’ compensation for your employees. When you turn those tasks over to our chartered accountants, you’ll have years of experience helping businesses just like yours on your side. Let us handle your paperwork and accounting while you do what you know best.

CFO Advisory

Our accountants can help you streamline your paperwork, using cloud accounting to provide you with real-time data, so you can know right away if there’s a problem with inventory or another issue. With cloud accounting, we can automate payroll, invoicing, records, and much more, so we can free your time to better serve your customers.

Many storage companies are small- to medium-sized businesses. They need a financial expert to keep them on the right track with expenses and revenue but can’t nearly afford a CFO’s salary. That’s where we come in. Our CFO advisory team has plenty of experience handling the finances for large corporations and can help you streamline your company finances, freeing up funds to expand your business and freeing up your time to do more of what you love. We’ll analyse your financials for you and point out how to reduce costs and improve cash flow and set you on the fast track to success.

Tax Advisory

Many busy storage industry business owners simply don’t have time to go through every line, every deduction to see where they can reduce their taxes and improve their cash flow. Often, they miss something minor—but it’s enough to set off an ATO or impact their cash flow in a substantial way. Don’t spend your time hunting for tax deductions or double-checking for errors when you can engage the expert tax advisory team from Economos to help. With years of experience helping businesses just like yours, we know where to look for hidden deductions and how to detect the kinds of errors that can spot cash flow opportunities or risks. If you’re already in the midst of an audit or an ATO Tax Dispute, let us help. We can negotiate on your behalf to come up with a fair settlement or settle your dispute.

Audit and Assurance Services

Economos Audit Accounting team performs a thorough examination of your storage company’s finances and business practices to build investor confidence and discover insights about your storage business. These insights will help pave the way to better business decision making, whether that be to review technology to increase speed of operation or improve internal efficiencies and reducing costs.

Business Growth Services

Whether you’re a start-up, a small, medium, or even a large business, there’s always room to grow. Finding more customers who need your services is only half the battle. We can provide you with proven financial and marketing strategies that have helped sole traders grow into enterprise-level businesses. Whether it’s finding funding for new facilities, reviewing your sales and marketing activities or reviewing your pricing model, we’re here to help you grow.

Corporate Secretarial Services

Many storage facilities can’t quite afford a corporate secretary. Economos can provide you with the kind of secretarial service that large corporations have—a take-charge person that can handle all the complex paperwork that bog you down. From ASIC preparation and lodgement to handling communication with your major customers, Economos’ corporate secretarial service can take care of all the day-to-day paperwork that bogs you down.

What Our Storage Industry Clients Have to Say

Andrew Sanders, Director

Our experience working with your company continues to be excellent and we are fortunate to have an accounting firm we can rely on and who provide a complete package to service our needs. Over the years your guidance and advice has been an integral and much appreciated part of our success. You are now gaining clientele of our children, so third generation are now heading your way.

Dr. George M Calfas

GMC Medical Clinics I am a very satisfied client for over 15 years now. Both Albert and George are highly professional, have the highest integrity and honesty, place my needs and interests foremost, I have implicit trust in them, know intimately my complex family and business structures such that I can call them any time for advice or to discuss any issues, address all my issues and needs promptly with precise attention to detail. I recommend them to friends as well as to members of my family.

Joe Fusca

"George Shahinian and his team really understand the industry we work in – Commercial fitout. He and Adrian are more than our accountants, they have also been our advisors on all financial matters since day one. My partners and I have always felt comfortable that they have our best interests at heart. They know what they’re doing and are always only a phone call away”.

Mr Mark Herdman

I have been a private client of Economos since I emigrated to Australia in 2004. They assisted me in setting up my Australian financial entities such as a Trust and corporate beneficiary, Self-managed Super Fund with corporate trustee and a partnership. Economos produce tax returns for these entities as well as for the five individuals in our family. They also produce annual financial statements for these entities. Throughout this period, Economos have provided us with a friendly, supportive, thorough, prompt and proactive service. They respond promptly to email or direct meeting requests and proactively contact us should there be a change in tax or superfund legislation with examples of the consequences and appropriate recommendations. We highly recommend Economos for any accounting and tax requirements.

Michelle Vint

Economos have been an invaluable and trusted partner to Regital from day one of setting up in Australia. Their extensive knowledge and pragmatic advise has helped us launch and scale a subsidiary in an environment very different to our home market. They have invested time to get to know us and our business and really get under the skin of our goals and objectives for growth, in turn meaning their services and scope of work have always matched exactly what our business needed at each stage of the journey. Adrian and Sebastian have personally provided us with excellent service, offering us the piece of mind that all regulatory matters are in hand so we can get on with running the company.

Need an Accountant That Understands Your Business?

At Economos, we take the time to get to know you and your business. Only with this approach can we provide you with custom tax, accounting, property, and business solutions that best fit your needs. If you’re tired of the cookie-cutter approach to accounting, we need to talk. Get in touch with the Economos team today.

With a billion-dollar business that doesn’t show any signs of slowing down, the storage industry needs business advisory and accounting services that understand the unique needs of the industry.