Small Business Advisory & Strategy

When you start a business, you have a vision… you have dreams about where you want to be and what you want to achieve. Being proactive and developing a formal business succession plan is critical to make sure your hard work continues to be fruitful for years to come.

When choosing the best structure for your business it’s important that you consider what might happen in the future. If you want to build a business that you can pass down to other members of your family then a family trust structure could provide you with an ideal tax-effective, long-term solution.

Many business owners seek the services of a professional business accountant to help them with compliance. Of course, they can complete your quarterly business activity statements and file your annual tax return… but there is so much more that a good accountant can offer you.

Most business owners are always focused on one thing… business growth. Investing time and energy into creating a truly successful venture can be all-consuming and often they spend countless hours doing lots of work, but not receive a proper pay-packet.

Start-ups can be an exciting endeavour, but they can also fail for a multitude of reasons. Some of the most common reasons why start-ups fail include no market need, running out of cash, not having the right team and getting outcompeted.

Are you managing your cash flow effectively? It’s a question that many small businesses are failing to ask themselves. Keeping on top of the money flowing into and out of your business will allow you to make better business decisions and give you more peace of mind.

As business accountants, we regularly meet Australians who are interested in buying an existing business. This type of business ownership can be both exhilarating… and daunting. Before you plunge into buying a business, here are some questions you should ask.