Here Are Two Reasons Why You Should Change Your Accountant:

  • If you are not receiving an appropriate level of service

In our experience, businesses often outgrow their original accountancy firms. As a business grows, it requires more sophisticated services and more customised services – and the existing accountancy firm is not always able to provide these.

  • Does your present firm provide a level of service commensurate with the size of your business?
  • Do they specialise in the sectors in which you operate or plan to operate?
  • Do they provide tailored services to fit your specific needs?

  • If you are not receiving value for money

Our firm believes it is not enough for an accountancy firm to charge simply for providing historical data and ensuring their client complies with the law – they also need to add value to your business.

  • Has your present firm done everything possible to reduce your tax liabilities?
  • Do they provide advice that helps improve your business’s profitability?
  • Are they proactive in helping you develop strategies for future growth?

If your answer to these questions is “No”, contact us, and we can help.

Our firm knows how to work alongside growing businesses. We understand your needs and provide a range of flexible services to add value to your bottom line.

If you like what we have to offer and decide to engage us, we will arrange a smooth transfer of accounts with minimum disruption to you.

When You Can’t Afford To Get It Wrong, Leave It To The Experts

Every successful business reaches landmark points when important decisions have to be made about expansion, mergers, acquisitions, disposals, and so on.

These critical decisions have long-term implications for profitability and sometimes even the business’s survival.

They require thorough appraisals, due diligence, and considerable financial expertise that are often beyond the scope or resources of the management.

That’s where we come in.

We have years of accumulated expertise in advising and supporting clients in all aspects of corporate finance.

Corporate finance’s ultimate purpose is to maximise a business’s value through planning and implementing resources while balancing risk and profitability.

If you are planning to expand your business, whether by organic growth or by a merger or acquisition, this will almost certainly involve raising extra finance and a host of other complex financial and legal considerations. 

Our corporate finance staff can make such transactions easy for you – and give you the peace of mind of knowing that professional judgement and due diligence have been applied throughout the process. 

Contact us today if you want to discover how we can help your business.  

Don’t leave anything to chance – rely on the experts!

How Do We Bring Value To Our Client Relationships?

Our client relationships have had to deepen over the last few years amidst the challenges and tribulations that the pandemic has brought upon all of us. We have had to adapt to a near-daily changing environment alongside you all, learn extensively and be willing to accept and thrive with change. 

As we move forward into our new norm, our relationships with our clients are about the value we continue to build. Most importantly, we can divide it into how we:

  • Show Value
  • Add Value
  • Bring Value

Show Value

We show value to our clients by giving them a concrete analysis of continued ongoing success and savings that have resulted from their relationship with the firm.

Here are some ways we can demonstrate this value brought to our relationship with you:

Five-year Analysis

You may come to us with a question about situations that will affect them over the next few years. Typically, we will recommend strategies to minimize the tax bite, processes to improve, or technology to implement in your situations. Most often, we provide the advice and expect you as the client to go and action this. 

We can make our value more obvious by creating a financial analysis of the situation prior to the advice and then a pro forma financial post-implementation with the expected ongoing savings over the next five years. The client can then see both the immediate and long-term value of that advice. The client will have a measurable return on investment for the advice provided.

Annual “Employee” Review

Along with the other strategies, the annual/ongoing review is a great way to keep all parties apprised of the progress made toward previously established goals. Like an employee review process, we, in conjunction with you as our clients, can establish goals for the relationship annually. These goals can include:

  • Frequent financial check-ins,
  • Estimated tax calculation reviews,
  • Process/technology reviews,
  • New technology updates, and so on.

Add Value

We add value by continuing to evolve and change along with you as our client, for instance, adapting technologies to establish the creation of a knowledge base (information centre for certain processes). Other ideas include posting firm articles about relevant trending topics that impact your clients, highlighting team members to show their personal side, and considering client spotlights.

Bring Value

You are more than a transaction. Our relationship with our clients is about more than fees and advice. We give our clients strong and firm support with their endeavours while providing you with the advice needed.

Prepared For This Financial Year?

As a business owner, you may have spent your end of the financial year undertaking a multitude of activities such as preparing your tax return, working out your deductions or updating your records. 

While these are fresh in your mind, why not take this opportunity to start a conversation with us about reviewing, planning and prioritising your business goals for the new financial year? 

Here are some of the things you could think about.

Check The Finances

Review how your business was progressing financially in the previous year, and look for things such as: 

  • Where money was being spent (and where it was being spent the most)
  • How much was being paid in fees or interest
  • If there are any recurring subscriptions in place. 

There may be multiple ways you could save your money over the next year, such as by bulk-purchasing the most frequently used items, examining suppliers pricing or providing non-monetary-based incentives for your employees (such as WFH opportunities or flexible working arrangements). 

Forecast Your Cash Flow

A profitable business needs a healthy cash flow to cover its everyday expenses. Keep the cash flowing in your business this financial year by looking at different ways to manage your cash flow. This might include:

  • Making all business payments with the same credit card
  • Separating personal and business bank accounts
  • Keeping your financial records up to date

You could update your cash flow projections so you can plan for any potential shortages or consider shortening or changing your payment terms.

Organise Your Records

Accurate record-keeping is vital for

  • Meeting your tax obligations
  • Demonstrating your financial position to lenders if you need to borrow funds
  • Providing a real-time overview of how your business is performing

Keeping your business finance separate, automating your bank feeds, and making sure your superannuation payments to staff are compliant are all ways you can keep your records organised.

Check Your Super Obligations

From 1 July 2022, your superannuation obligations to your employees have changed. The superannuation guarantee contribution rate has increased to 10.5% and any employees who now earn less than the minimum monthly income threshold ($450) will be entitled to superannuation. Make sure that you remain compliant less you face harsh penalties and consequences. 

Hit your goals this financial year by preparing with us, your trusted business advisors. 

If you would like to discuss how we might best help with your business planning needs, you can contact us to arrange a consultation.

When Should You Be Talking To Your Accountant?

Better now than never!

From tax returns to business planning, setting up a trust and so much more, we are the people you can turn to when you need a question answered or a solution found.

As one tax year approaches its end and another begins anew, it’s the perfect time to come to us for assistance in reducing your tax liability.

Though the end of the financial year might be busy and filled with questions, we are here to help.

Our expert team will ensure that your questions are answered and your matters handled in the most efficient way to benefit you.

Preparing our client’s returns and dealing with their tax, business & super issues appropriately is fuelled by our experience. We may be able to help you improve your tax position by providing tax planning services to augment the tax preparation service you already receive.

Tax planning involves working with you to identify ways to improve your tax position. Our team of specialists have years of experience in this field and regularly help our clients to reduce the amount of tax they pay.

If you would like to discuss how we might help you reduce your tax liability during this end of financial year, contact us to arrange a consultation.

Don’t let the end of financial year be a cause of stress, let us handle it for you.