Business Advisory

Business Advisory encompasses all other types of advice by us that do not usually directly involve tax. Some common services in which we provide to our clients in this space include but are not limited to;

Business Set Up and Structuring Advice

It is essential to any new business or investment decision that the legal structure in which is utilised is given the appropriate consideration. Factors need to be considered not only just from a tax effectiveness point of view, but also such things as asset protection, joint/multiple business owners, funding strategies, potential future business sale, retirement and estate planning and the costs of doing so. There are a wide array of structures that may be appropriate for your situation such as companies, trusts and self-managed super funds, it is our job to explain these to you and find one that best fits your situation.

Monthly/Quarterly Management Meetings

This involves us sitting down with the key decision makers of a business to report on the most recent month/quarter’s results, and discuss ways in which they can be improved and also other issues that the business is currently facing. These can then be dealt with quickly to keep the business heading in the right direction. In many cases, these meetings involve talking about the figures for only a quarter of time whilst the rest of the time is tackling other important issues such as employment issues, marketing campaigns, cash flow and growth strategies.

Budget & Cash flow Projections

In our experience, most people shy away from preparing a projected budget and cash flow. However we believe these are very powerful tools to give the business owners the information they need to keep the business heading in the direction they require. These types of exercises can show business owners the level of sales they need to keep the business a float. Most people will run their business on the basis that if there is money in the bank account to pay the bills, then they must be profitable. However if we can calculate a simple figure such as the number of items need to be manufactured per month, or dollar values of sales per week, just to break even, it will give management a benchmark to enable better business management. In addition to this, a budget gives the business a target to chase and without targets and goals there is never going to be any achievement.