How North Advisory helped a start-up succeed
Posted by Northadvisory on September 11, 2019
The accountancy is one thing… but the business advice they give us is invaluable. We rely heavily on our relationship and we get a lot out of it.”
Rebecca Spencer is the Founder and Principal Consultant at Becscomm, a boutique communications and engagement consultancy. Becscomm specialises in the transport and infrastructure sectors and their clients are large contractors and government agencies.
Rebecca and her team work in a highly specialised industry where community engagement can be fuelled with high emotions. They work to tight schedules with extensive contractual obligations… the last thing they want to spend their days doing is worrying about their accounts and tax obligations.
So, partnering with North Advisory from the beginning has enabled Rebecca to grow her business and feel confident that she has a professional team focused on the financial side of Becscomm.
Right from the start
Rebecca founded Becscomm in 2017 and made the decision to engage the services of North Advisory right from the start.
“I had done a lot of work as a contracted sole trader within the industry… brought in to manage projects for large corporates, but I decided to go out on my own because I wanted flexibility and to be able to choose my own clients.
We live locally in Dee Why, so when I started Becscomm I was looking for a business accountant and I found North Advisory. They’ve been our partner since day dot… I really struck it lucky!
They helped us with our business structure… they registered our business name, arranged our ABN, ACN… the whole thing.”
Accounting, tax and more
The North Advisory team manages all the accountancy work for Becscomm. They utilise Xero accounting software for their invoicing and other financial administration.
“It’s great that we have Xero; it’s so easy to use. Marius recommended it and he regularly accesses our system to check that we are correctly allocating transactions and keeping enough funds aside for things like our BAS and other obligations.
They also help with all our tax requirements. It can be complicated, but they know how to get the most out of our money. They know how to save us as much as possible, which is absolute gold.
We would certainly be worse off financially if we hadn’t invested in their services. The support we get is amazing… which we really need as a small business.”
But it’s not just accounting services that Becscomm needs…
“The business advice has been really helpful as we’ve grown. We’ve employed more staff and they’ve helped us with developing that structure. It’s important to be able to ask questions about superannuation, tax, incentives… all those things I knew little about!
North Advisory gives us guidance and peace of mind that there’s someone looking in who really knows what they are doing.”
Strengthening the relationship
The relationship between Becscomm and North Advisory has extended past the initial business accounting services and now supports all their personal accounting needs, too. They are even progressing into the Self-Managed Superannuation Fund (SMSF) area with the goal to invest in commercial real estate.
“It makes everything seamless when Marius can pass us over to other people within the firm. And again, when they recommend other service providers within their network… once I’ve approved it, all my information can be shared, making it so easy for me.”
Great to work with
In her line of work, Rebecca understands how important it is to build strong relationships, and this is what she has with North Advisory.
“I have already recommended North Advisory at least a dozen times. It’s a testament to their service and they really are great to work with.
They are a small business, so it really feels that they might have gone through similar challenges as us… it’s good to know that the advice you are getting is probably the advice they are giving themselves.”
We can partner with your new start-up business and guide you through the extensive options within business structures….
…and we help lay firm foundations for you to be able to successfully build your business.
If you would like to find out how we can help you… contact our team today.