Business Advisory
We can assist you in selecting the right business structure that will suit your needs and individual requirements. Getting the right structure set up when you first start is vital.
Business Start-Up & Registrations
We can assist you in the set up of a:
- Company
- Trust
- Partnership
- Sole Trader Business
The service includes procuring the Company Register and Trust Deed and applying for all relevant registrations including ABN, TFN, GST, and PAYG Withholding.
ASIC Agent Services
For those with a Company, your company has many reporting obligations and we can assist you to keep in line with ASIC's regulations.
Business Planning and Strategies
Business planning is an important aspect of managing and running your business that will provide you an essential guide to your long term business development.
We can work with you and assist in the following areas;
- Setting your business budget and forecasts
- Provide independent appraisal of your business strategic ideas
- Provide skilled and objective views of the means and methods to best achieve your objectives
- Perform periodic business performance reviews of your business current financial position
- Identify problem areas and issues of concern
- Provide advice on dealing and adopting processes to address the problem areas
- Provide tax planning at year end to minimize taxation liability
Buying and Selling a Business
Buying
We can help you review Vendors Financial Statements and provide independent and objective views and opinions.
If you wish to have a detailed pre purchase "Due Dilligence" performed on the Vendor, we can assist you with this process and fully explain to you what will be involved in performing the Due Dilligence and the areas and processes to be covered.
We can assist you with preparation of documents required for obtaining finance required for the business acquisition, i.e. Budgets and Cash flow Forecasts for banks.
Selling
We can provide the appropriate advice to best help you prepare your business for a sale and assist you with strategies to try and maximize and realize the best possible sale price.
We can also advise on various business sale options and strategies to minimize the income tax implications on the sale of the business.
If you are selling a business for a value of up to $350,000, it is a requirement to provide via the selling agent or directly to an interested Purchaser, a FORM 2 / Section 52 "Statement By a Vendor of a Small Business". We can prepare this for you as your acting Tax Agent.
If a proposed Buyer requires a "Due Dilligence" to be conducted on your business by his Financial Representative ( Accountant/Tax Agent/Advisor), we can assist you in the preparation and compilation of the Information Request Documentation, and liase with the Buyer(s) representative during the sale process.
Superannuation (SMSF) & Financial Planning
Our network partner JBS Financial Strategists PL offer a wide range of services, and their professional team can provide expertise and advice to those already with a DYI SMSF or those wishing to set one up for the first time.
Self managed super funds
Are you Interested in setting up your own DIY Self Managed Superannuation Fund?
If you would like to discuss the pro's & cons, costs and all aspect associated to the establishment, implementation, compliance and ongoing administration of a Self Managed Super Fund, please call us and we can assist you with this.
OR
Click here - for You Tube Video on the Benefits of SMSF & DYI Funds
Click here - for You Tube Video on DYI Super V's Super Wrap Accounts
OR
Refer to the following seleted ATO publications which can help answer some or all of your questions related to SMSF. Click on the subject Titles for PDF file.
Thinking About a SMSF - NAT72579 PDF
Setting Up a SMSF - NAT71923 PDF
How Your SMSF is Regulated - NAT71454 PDF
SMSF Statistics
The number of Australians choosing to manage their own super through a self managed super fund (SMSF) is larger than you might think. As at June 2012 there were over 478,000 SMSFs with a total of over 900,000 members, with $439 Billions in Funds under management.
Starting a DIY SMSF
Establishing an SMSF can provide an alternative retirement saving vehicle and can give you greater control and flexibility. The ability to choose your own strategy and investments, as well as the tax benefits of superannuation, make SMSFs a unique investment tool.
Before you decide to establish an SMSF, it’s important to consider a few key issues:
- Financially, SMSFs are generally only worth establishing if you have a significant level of assets as there are cheaper options, such as establishing a regular personal superannuation account
- The administration and record-keeping of an SMSF is onerous, extensive and rigorously monitored by the Australian Taxation Office, although it is possible to get assistance with this from professional administration providers
- All trustees are legally liable for the fund.
SMSF & FINANCIAL ADVISOR
SMSFs can be complex, but an authorized and specialist Financial Planner is dedicated to making them simple to understand. If you would like to find out whether an SMSF may be appropriate for you, why not ask us about the network partners who may be able to help you out.
- Establishment of the Fund including;
- Provision for Super Trust Deeds
- Set up of Corporate or Individual Trustee's
- Completion and Lodgment of Initial Compliance Documents
- Detailed Investment Stratergy
- Assist in Rollover of Fund Monies to DIY Fund from other Funds
- Investment Guidelines
- Assisting in the drafting of Binding Death Benefit Nominations
- Pension Strategies and Minutes
- Transition to Retirement Strategies
- Compliance Documents for ongoing maintenance of the Fund
- Trustee Responsibilities
- Administration
- Financial reports up to Audit Stage