Business Planning and Review
Planning and reviewing your business helps ensure the long-term growth and sustainability of your business.
Our services in this area include:
- Business planning
- Budgeting and cash flow
- Financial and management reporting
We like to arrange regular meetings with you to track the progress of your business and to discuss any concerns, questions or ideas that you may have.
Business Advice
We are able to advise you on how to:
- Determine the best business structure for you
- Prepare a realistic business plan
- Implement the business plan
- Develop and grow your business
- Improve and monitor the profitability and cash flow of your business
Business Start-Ups – Help and Advice
There are lots of things to consider when you decide to start a new business.
- Should I be a Sole Trader or a Partnership?
- How does a Trust work and would it work for me?
- Is a Company a good idea? Is my business too small to have a company?
- Do I need an ABN?
- Do I need to register for GST?
You need to answer all of these questions and also be aware of tax and super responsibilities, including:
- The tax implications of your business structure
- Whether you’re entitled to an ABN
- Registering your business
- Records you need to keep
- Deductions you can claim
We provide information about the key things you need to know and do when starting your own business.
Tax Planning
Planning for Businesses and Individuals
For a business, it is a good time to review your tax position at the end of the financial year and evaluate any year-end strategies that may be available to legitimately minimize tax. Check your Profit and Loss statements – if you will need to pay tax make sure you have kept money aside to cover the payment
Check amounts paid to superannuation and possibly contribute more to maximise your deductions
For individuals, reviewing your claims for deductions, receipts for deductions and general record-keeping before the end of the year is a good idea. You can see if there is something you can do to maximise your deductions – for example pay interest in advance.
Get together all reports and documents for your investments and rental property to make sure you are claiming everything you are entitled to.