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.
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
Arthur Roe and Associates has assisted many clients in relation to their Legal and Forensic investigative needs. These services include providing advice as to the appropriate value to be used for a business and undertaking due diligence reviews of transactions and businesses. These support services may be required for many circumstances, such as the proposed sale of a business between partners, the acquisition of a business or the settlement of a legal or matrimonial dispute.
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 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
Fringe Benefits (FBT) for Businesses
Goods and Services Tax (GST) for Businesses
BAS and GST
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
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
Online search and electronic lodgement facilities
"We understand that running a business is not easy and that 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
You complying with the ATO, Superannuation, OH & S requirements and so on."
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
Compliance with Reporting Requirements
It is necessary to comply with the reporting requirements of various government departments.
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.
We are able to ensure that you meet all your reporting obligations.
Proactive Taxation Services for you:
Year End Financial Statements
Income Tax Returns
Tax Planning Strategies
This article is not a substitute for independent professional advice. We do not warrant the accuracy, completeness or adequacy of the information or material in this article. All information is subject to change without notice. We and each party providing material displayed in this article disclaim liability to all persons or organisations in relation to any action(s) taken on the basis of currency or accuracy of the information or material, or any loss or damage suffered in connection with that information or material. You should make your own enquiries before entering into any transaction on the basis of the information or material in this article. Please ensure you contact us to discuss your particular circumstances and how the information provided applies to your situation.