Business Advisory

Cash flow forecasting is one of our most critical services as business advisors, as it provides enormous value to our clients.

We know how difficult it can be to try and stay on top of your finances when owning or running a business. You’ve got so many things going on – bills to pay and incoming payments to chase. Next thing you know, it’s tax time.

There are so many transactions happening every day and you must ensure your business is going to be able to meet all of its financial obligations.

Knowing if your business is solvent can be incredibly difficult without doing budget and cash flow forecasting.

Our business advisors provide you with insights based on actual results and estimates to help you determine if your business is cash flow positive. With a solid understanding of your cash flow cycle, we help to shape your future.

Getting your business structured correctly is critical to maximising your asset protection and minimising your taxation. Not just now but most importantly when you sell your business.

You can operate your business in a company, a trust, or a partnership, or simply in your own name. Each of these business structures has different tax, asset protection and succession implications.

Our team can help you set up a new business entity including your Australian Business Number and Tax File Number and Director Identification Number so you can move forward with confidence knowing you have it done right, the first time.

Many new clients need a review of their existing structure because they have outgrown their initial set up or it is just wrong. By listening to your personal and business goals we can restructure your business to meet your expectations. For instance, some new clients believe their assets are protected by their business structure when in fact this is not the case. Unless you understand how certain actions now and in the future can impact even the best business structure you can undo all the hard work. Asset protection is a journey which is not tested until you need it.

Minimising your legal tax obligations can also be assisted by the correct business structure. Not just this year but importantly when you sell your business, so getting the right advice from your trusted business advisor will help to shape your future.

Our business advisors can execute in depth financial analysis on your business which covers financial health checks like profit analysis and break even analysis so that you can understand at what point you are truly making money. If you don’t have a target to strive for, it makes it easier to stay on track for financial success.

Business advisors can also improve your understanding of the difference between profit and cash flow. It is very common for businesses to be making a healthy profit, and yet still have no money in the bank.

We help you measure different aspects of your business to gauge success over a specific time frame as well as your performance against budget.

Asset protection is often something business owners have not thought about. We can review your business structure to make sure you are adequately protected and educate you on behaviours which can dilute your protection.

Asset protection can be an expensive undertaking and you can go to incredible lengths to make sure your assets and business are protected.

We take a common sense approach and explain the cost benefit analysis so you make an informed decision about the level of asset protection that is right for your circumstances.

What is going to happen to your business when you retire or an accident or illness occurs? It is vital to ensure you have a succession plan in place.

We often see business owners don’t know where to start and neglect this vital business contingency plan. This can be devastating for your family who might not be skilled to step in your place. It may mean that you need to continue working in the business longer than you wanted to, or that you don’t realise the full potential of your lifetime’s work. It is never too early to start succession planning.

There are many things to consider when succession planning such as selling the business, succeeding the business through family or employees. Our Board Meeting process provides a vital link to skilling up the next generation to step in your shoes or ensuring that trusted employees can continue to steer the ship until you are back on board or to assist the family while the business is being sold. A well-crafted succession plan provides a road map into the future.

We facilitate regular board meetings to assist you to put in place proper governance protocols to make sure that you are running your business to its greatest success.

Our business advisors impart decision protocols to delve and question decisions and offer alternative solutions to provide a safe collaborative environment for your Board to make informed business decisions. Risk management and accountability are two issues often overlooked in business unless a governance process is put in place.
Governance meetings are particularly helpful if you have a business that involves complex business owner dynamics. Perhaps not everyone sees eye to eye. As an independent objective party, our business advisors can take you through a mediation process to ensure the best decisions and outcomes are reached.

We deliver practical and impartial advice on all aspects of board performance and effectiveness.

Performance improvement is where we take a look at your financial performance and review key success indicators that show how your business is progressing and how profitable it is.

We listen first to understand your goals and plans for the future. By documenting your business plan we can ensure your business stays on track to reach where you want it to be, and when you want it to be there.

You need a sounding board with business advisors who listen and provide a forum to be able to talk about your business, to discuss what opportunities are on the horizon and to often solutions to what is keeping you awake at night. A business advisor to help you work through the solutions. We often find that you will already have the answers, you just need some help to articulate them.