Business Advisory Services

Having a budget and a cashflow is extremely important for any business to help have a plan in place for the year ahead to measure performance and to be able to see the flow of cash and when there is shortfalls or surplus and what the business can afford.

We can assist with either providing you with templates to help you prepare or alternatively, we can work with you to prepare this on your behalf and implement into your systems.  After putting a budget and or cashflow in place, the next step is to measure the business against this.

We can assist with the applications for the establishment of the required entities in a timely manner. This will include applications for Tax File Number, Australian Business Number (ABN), Goods and Services Tax Registration (GST) as required.

We can also assist with new or transfers of business name registrations with ASIC and associated renewals or changes as required.

We take the time to listen to your situation, listen to your goals for your business whether new or existing and listen to what you want to achieve.

From this, we can provide you with information on the suitable structure options, how they are different, what this means for you with regards to risk and asset protection, tax implications, accessing funds, rules for operations and any important benefits or issues that you may need to be aware of to help make the right decision for your circumstances.

We process payroll and transactional information for clients and organisations based on information provided. This can assist with keeping processing up to date for regular reporting where the client is not able to do this in house or through an external bookkeeper.

We try to offer information about employment obligations and changes to awards or minimum standards where possible however, this is general information only and we always recommend our clients seek the correct pay information from the relevant industry award or agreement and if they are uncertain to seek information from Fair Work to appropriate industry provider to ensure they are compliant.

If you are not sure of the right client accounting package for your business, we can provide recommendations depending on your needs and provide you with details of cost and benefits that may help and improve the processing for your business.

We can also offer training or assistance with any queries in using a variety of client software. We don’t make our clients use one type of software or record keeping system, we work with what works best for you.

We can assist with the administration of your SMSF through the preparation of financial statements, income tax return, arranging of audit as required and other reporting requirements as required by the Australian Taxation Office. As we are not licenced financial advisors, we do not offer any financial advice but we will work with your advisor or help with recommendations for advisors to achieve your goals for retirement planning.

We can offer taxation advice regarding the operation of the fund, the contribution limits and associated rules and how the structure can be useful with tax planning within your family group. We can also explain the operation of the superfund and ensure compliance with superannuation regulation requirements.

We are not lawyers however, we can assist with estate planning to offer advice and information regarding the tax and structure implications upon death and for your estate.

Superannuation is something that is always important to consider with estate planning and we can explain the differences to consider and taxation implications to think through.

We will work with your lawyer or can provide recommendations for lawyers to assist you with your estate planning requirements.

Financial reporting is important to summarise the performance of the business each year and also to show the health of the business through the balance sheet.

We try to deliver a service that is more than just providing financial services and tax returns and will include information to help explain your performance, compare this against industry or other benchmarks where possible, highlight areas that we think can be improved or investigated and also highlight the achievements.

We can go through this in person and answer questions you may have to help you better understand your business.

As a licence holder under QBCC, you will have annual financial reporting requirements. Depending on your size, it may be reporting some basic information however for some of the larger categories, there are specific reporting requirements and information to be uploaded.

If the maximum revenue is required to be increased or a deed of covenant is required to assist with supporting net tangible assets, further detailed reporting and information is required by relevant due dates to ensure compliance with the QBCC rules.

We can provide you with information to assist with your annual reporting as well as attend to reporting requirements on your behalf. We can help you to better understand what is allowable as assets and liabilities, what is included as income and what the ratios mean for your licencing category to help ensure your business is compliant.