Business Advisory
We know we didn't start a small business to be small...We have the experience and expertise to ensure that any structure that is established for you, is appropriate to meet your short and long term financial and personal needs
There are several components to Business Advisory services that we believe are essential to running an effective business:
Acquisitions & Sale of Businesses
Arthur Roe and Associates has many years’ experience in advising clients in relation to the merger, acquisition and sale of their businesses.
In any transaction of this nature, it is important to consider not only the tax implication but also the conditions which are being placed on you as an acquirer or a vendor of your business.
It is also important when selling your business that the information is presented to a potential purchaser in a way which maximises the potential sale price, in much the same way that you would prepare a house for inspection by prospective purchasers. We have assisted many clients in the sale of their businesses and achieved outcomes which have been hugely beneficial to the business owner.
Structuring
It is important when determining an appropriate structure for your business to consider all relevant factors. Many structures that are used may provide short term benefits, but may not be effective in the long term. Some of the factors which need to be considered include:
- The tax effectiveness of the structure
- Asset protection of non-business assets
- Succession planning of the business operation
- The operational effectiveness of the structure and
- The cost of establishing the structure
We have the experience and expertise to ensure that any structure that is established for you, is appropriate to meet your short and long term financial and personal needs.
Legal & Forensic Support
Business Management
We understand that running a business is not easy. There is the need to make sure that your staff work efficiently, the quality of your product or service is up to standard, you have enough stock to sell, your debtors pay on time, complying with the ATO, Superannuation, OH & S requirements and so on.
Many business owners get caught up in the day-to-day process of delivering their service or product to their clients and quite often do not get the opportunity to focus on some of the higher level business and management issues that should be addressed.
We regularly meet with our clients to “chew the fat” on these higher level business issues and develop meaningful strategies to ensure that the business is as successful as it can be. In line with this, every business client of ARA receives a tailored business review report which identifies key performance indicators of their business and enables the identification of areas which can be focused on to improve their business.
Succession Planning
Succession Planning for your business is a hugely important consideration when establishing and running a business. It refers to the future planning of what you wish to do with your business – whether there is an intention to sell it, bequeath it to your family, or just close it down in the future.
Where business partners are involved, succession planning becomes even more important to ensure that all parties can achieve an appropriate outcome.
To achieve the optimum outcome in each situation, it may be necessary to put in place special arrangements and/or structures to maximise the future outcome, both from a legal and tax effectiveness point of view.
ARA has many years of experience is advising clients in relation to Succession Planning and putting in place arrangements which ensure that the optimum result is achieved on the sale or disposal of a business in the future.
Business Health Checks
- Regular meetings to discuss/advise on management issues
- Preparation of interim reviews with KPI and trend analysis
- Preparation of a business cash flow statement
Proactive Business Advisory Service
Tax Topics explained:
- Capital Gains Tax (CGT) for Businesses
- Excise
- Fringe Benefits (FBT) for Businesses
- Goods and Services Tax (GST) for Businesses
- BAS and GST
Business:
- Activity statement
- Trans-Tasman Imputation
- Tax Evasion referral centre
- New ruling for charter boat arrangements
- Tax and the building and construction industry
- Have you had dealings overseas
Establishment of Companies, Trusts and Self-Managed Superfunds
- Company Incorporations
- Business name registrations and renewals
- Preparation of Annual Company Statement and Directors Solvency Resolution
- Preparation and lodgement of ASIC Returns and Resolutions in relation to notifiable events ‐ e.g. changes of Directors, Shareholdings, Company Addresses, etc
- The establishment of Trusts
- Maintenance of statutory registers and other formal documentation such as Trust Deeds
- Provision of Registered Office facilities
- Company Deregistrations
- Online search and electronic lodgement facilities
- Your staff work efficiently
- The quality of your product or service is up to standard
- You have enough stock to sell
- Your debtors pay on time
- You complying with the ATO, Superannuation, OH & S requirements and so on."
- The tax effectiveness of the structure;
- Asset protection of non-business assets;
- Succession planning of the business operation;
- The operational effectiveness of the structure; and
- The cost of establishing the structure
Compliance with Reporting Requirements
It is necessary to comply with the reporting requirements of various government departments.
These include:
- Preparing and Lodging Income Tax Returns
- Preparing Financial Statements for ASIC requirements
- Lodging Activity Statements
- Preparation and Lodgement of Withholding Statement Summaries
- Lodging annual reviews for ASIC
- Reporting and Paying Payroll Tax
- Reporting and Paying WorkCover insurance
-and many others.
Proactive Taxation Services for you:
- Year End Financial Statements
- Income Tax Returns
- Tax Planning Strategies