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Interim reviews enable us to determine how your business is performing, provide an estimate of tax payable, then explore ideas and suggestions on the best ways to reduce this amount.
Knowing how difficult it can be to interpret figures presented to you, our financial reports are presented in an easy-to-read manner. We use graphs and charts that can be easily understood at a glance and explain to you the implications of the figures in your financial report in an easy-to-understand way, so that you know what the figures actually mean.
From this you can readily take steps to make any changes or adjustments that are necessary to the operation of your business.
Strategic Business Growth Service is a highly effective, practical tool that addresses the key financial drivers of your business by delivering a wide range of resources and materials designed to enhance and streamline the way you operate. This service aims to move you from being tied down in the day-to-day functions and putting out brushfires, to assuming a commanding role that directs and manages the business, formulates medium to long-term directives, and concentrates on lifting profit to a higher level.
An innovative way to monitor the monthly progress of your business is by the use of a balanced scorecard. Targets are set for different areas of your business and performance is measured against those targets. At a glance, the scorecard provides an easy-to-read report card on your business, and highlights any problem areas which may otherwise go unnoticed.
The scorecard measures not only the financial areas, but also provides measures for customers, staff, systems and innovation. By measuring these areas, you will be notified of areas that require attention and you can tend to them before they impact your business financially.
For businesses with uneven income and significant debtors or stock, a cash flow forecast is a must. Without a forecast, the business can face periods where it is starved of cash. We prepare a 12 month forecast that displays figures on a month-by-month basis. The projected figures are then replaced once we receive the actual ones.
Right from the initial stages of commencing your business, we are here to help you with all the information and advice you require, and to assist you with the decisions you will need to make:
- The best legal structure for the business
- Taxes that apply to the business and the necessary tax forms that are required
- How to keep accounting records that you are comfortable with in order to minimise the time you spend maintaining records, and also to minimise our fees
If you are purchasing a business, we carry out an initial review of the business figures to determine whether it is worth proceeding with the purchase. If you wish to proceed, we examine the figures more closely comparing them to the vendors' tax returns and to industry standards.
If you are planning to sell your business, we will prepare a comprehensive business profile for you to distribute to prospective purchasers.
We offer advice as to the right bookkeeping software for you. We are QuickBooks and MYOB professional partners, so we can provide all of the assistance you will need, from buying the software, setup to ensure you are making the most efficient and effective use of the software, through to training and support.
Our comprehensive going-into-business checklist will assist you in your decisions.
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