Small business specialist

Tax planning is a key element of wealth creation. We advise our clients to arrange their financial affairs to keep their tax to a minimum. Salary packaging, superannuation, investments, tax-deductible debt & business structuring can create significant tax savings. By structuring your finances more efficiently you can manage the amount of tax you pay.
Tax planning can involve the following:

• Salary Packaging
• Capital Gains Tax advice
• GST advice
• Superannuation advice & planning
• Business set-up, structuring & advice
• Structure your business to manage the business risk
• Restructuring your existing business
• Advice on managing the complexity of trust
• Year-End Tax Planning and Tax Estimates

• New business set up: Helping you choose the right structure for your new business and get the requisite tax registrations.
• Business Restructure: e offer a review of your current business structure that meets your requirement of managing your risks in
view of your business plan.
• Business plan: We can help you develop a business plan covering three-way projections of profit & loss, balance sheet and cash
flow.
• Key performance indicator (KPIs): Assistance in drafting KPIs and tracking progress against KPIs.
• Buying or Selling Business: Assisting you with buying or selling a business, including undertaking due diligence.
• ASIC compliances: Yearly ASIC compliances & we help you understand your roles and responsibilities as a director, shareholder,
or trustee.
• Annual reporting: Annual reporting compliances to staff, ATO etc.
• Super Guarantee Compliances: We help you in Employee superannuation compliances & ATO Audit.

A comprehensive business plan not only supports appeals for bank loans, permits and other applications, but it also acts as a roadmap, directing a company’s operations and steering it towards growth. A business plan usually covers your business profile, vision, mission and goals, market research, operational strategy, products and/or services, marketing plan, and financial strategy

1. Starting a new business

For new business start-ups, our planning services focus on organisational structure and creating a solid foundation, both from a financial and functional perspective.

• Formulating a Business Plan.
• Setup of tax structure.
• Tax & ASIC registrations.
• Budgeting & forecasting.
• Determining insurance requirements.
• Advice on marketing strategies.
• Implementing record keeping solutions

2. Purchasing an existing business

Business planning for clients that are buying an established company comes under two parts; the first deals with the initial research and audits that must be conducted prior to purchase, ensuring that a good investment is being made. The second part is taking care of the legal matters and internal restructuring once ownership has been transferred.

• Review of overall business performance.
• Return on investment.
• Due diligence.
• Tax structure and tax legitimacy.
• Financial position.
• Reputation assessment.
• Industry and market research & assessment of future trends.
• Analysis and implementation of actual vs budget recording.
• KPIs.
• Division of action plans and goal setting.
• Preparation of budgets and cash flow management.
• Preparation and/or modification of business plans.
• Ensuring lodgement dates with ASIC, ATO and the Office of State Revenue are current and have been met

3. Succession planning

If you own and operate a business solely, in a partnership, with family or multiple business partners, planning your succession in advance will greatly enhance the chances of a successful result for all parties. We provide advice and guidance on how to adapt a succession plan that provides for your future security. Ideally, a succession plan would be implemented over a five-year period with the intent to address the following issues:

• Continuity of family ownership of assets.
• Maximisation of retirement income.
• Provide retirement income/pension for retirees.
• Assist beneficiaries with financing options if required.
• Tax effective result on sale or transfer of assets.
• Review of appropriate insurance coverage.
• Provide financial security and peace of mind.
• Clarify and document the desires of all associated parties who may have conflicting opinions.
• Reduce conflict and contesting of wills after death.

1. Payment Obligation

Client agrees to make full payment for the services provided by the Service Provider in accordance with the terms outlined in this Agreement.

2. Payment Amount

The total payment for the services shall be, as specified in the attached invoice or as otherwise agreed upon by the parties in writing.

3. Payment Schedule

Client agrees to remit the full payment amount prior to the completion of the services. Any delay in payment may result in a delay in the completion of the services.

4. Withholding of Services

The Service Provider reserves the right to withhold the completion of any outstanding services until full payment has been received from the Client. The Service Provider shall not be liable for any delays in the provision of services arising from the Client's failure to make timely payments.

5. Invoice Issuance

The Service Provider shall issue an invoice detailing the total payment amount and any applicable taxes. The Client agrees to pay the invoiced amount within 7 days from the date of the invoice.

System setup costs includes setting up

• Standard chart of accounts
• Invoice template
• Integrate bank feed

Payment: Upfront payment

Standard consulting fee $220 per hour

Bookkeeping hourly rate for each month:
$60 + gst per hour for first 30 hours of the month
$55 + gst for subsequent hours

All payments are due 7 days from date of invoice