Business & Tax

Business & Tax

This list is by no means exhaustive, and our team of friendly staff are more than happy to talk about any services not listed here that you might require.


Acquisitions & Mergers


There are several scenarios where you might wish to attain a business enterprise. Whatever the situation, Twelve Chartered Accountants can remove the stress from the process and maximise the opportunity for you.

Whether you are considering buying a business or merging with another business, we have the experience and expertise you require. Are you getting a good deal? Is the business right for you? Can you afford it? Have all avenues for future growth been investigated? We ask the right questions, and find the required answers.


The services we provide cover every stage of the process - From identifying potential acquisitions and negotiating the commercial elements of the transaction to forecasting the future of the business. Our services include:


  • A review of your goals and objectives
  • Due diligence services
  • Preparation of financial forecasts
  • Advice on the potential pitfalls and rewards involved in a merger
  • Assistance with purchase negotiations
  • Advice on financing
  • Assistance with preparing a business plan


Drawing on the skills of professionals reduces your chances of purchasing an unsuitable business. Let Twelve Chartered Accountants show you how our experience can save you stress and provide you with the great opportunity a business acquisition or merger can be!


Benchmarking


Have you ever wondered how your business performs compared to your competitors? What is their average bottom line? Are you spending enough on advertising? Are you paying too much rent? Are your staff costs too high? Surviving in today's business climate requires you to spend more time working on your business than in it. We can provide you with accurate, timely, informative benchmarking reports that enable you to:


  • See how your business compares to your competitors
  • Understand more about how the rest of your industry works
  • Analyse the key performance indicators in your industry


Equipped with this information, we'll work with you to develop action strategies that improve your bottom line.


Budgeting


A good budget is a necessity in a good business plan. It is one of the best business tools you can have, enabling you to set financial targets and measure your performance.


In addition to goal-setting value, budgets will often improve your chances of acquiring funding. Financiers often require budgets as a prerequisite for funding approval.


The techniques we utilise to form financial projections enable you to consider future scenarios and provide you with goals to strive for in your business. There are many types of budgets. We can help you design the right budget for your requirements.


Let us show you how a budget can provide feedback that helps you prepare for the future of your business!


Business Services


The pressures of daily business can often mean that planning takes a back seat, but to have a successful business it is vital to plan ahead. We'll help you develop strategies, plans, workshops and ideas to take you to where you want your business to be in the next 3-5 years and exactly how you and your team can achieve these aims and objectives.


Not every business has the same goals, but we are sure that you will need one of these.



  1. Growth
  2. Profit
  3. Cash flow
  4. Asset protection
  5. Succession/sale
  6. Tax minimisation
  7. Financial retirement
  8. Leaving a legacy

Business Start-Up


If you have a good idea for a new business venture but don't have expertise in the legal or financial aspects of creating a new business, we can help you:


  • Decide on the most suitable structure for your business - Sole trader, partnership, or limited company
  • Prepare a business plan, cash flow projections, budgets, and trading forecasts
  • Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
  • Establish a good working relationship with your bank
  • Register for an Australian Business Number with the ATO
  • Complete registration procedures with the Australian Securities and Investments Commission
  • Deal with company secretarial issues
  • Set up a recording system for your internal use and for complying with statutory requirements


Let us help you turn your business idea into a reality!


Cashflow Forecasting


Are you holding too much inventory? Is this the right time to expand your business? Are you going to have enough cash to pay all your expenses every month? Surviving in today's business climate requires you to spend more time working on your business than in it.


We can provide you with accurate, timely, informative cash flow forecasting reports that enable you to:

  • Realise and understand when cash is available
  • Plan and prepare for expansion, stock control, and taxes
  • Analyse and anticipate key expenses



Equipped with this information, we'll work with you to develop action strategies that improve your bottom line.


Company Secretary


Company legislation requires businesses to perform several administration tasks that take up a lot of valuable company time. The last thing you need as a business owner is to be stressed out trying to ensure you comply with the Corporations Law. The possible threat of penalties for failing to keep up with the changing rules is too great a risk to take.


At Twelve Chartered Accountants we can relieve this burden for you. Our services include:


  • General advice on company law
  • Company formations
  • Filing annual returns on your behalf
  • Preparing all documentation related to minutes and resolutions
  • Maintaining statutory books
  • Assistance with changes of directors, shareholders, addresses, and office details
  • Bonus issues
  • Share transfers
  • Registered office facility


Please contact us for further information on how we can help you get back to running your business.


Financing


A wide range of financing options exist each with their pros and cons. At Twelve Chartered Accountants  we know the financial market and have the experience to assist you in securing the best financing option for your personal and business goals. Our experience in the market means we can also structure debt upon acquisition to maximise tax advantages.


Let our experienced team explore the best financing options with you to get your business closer to its goals!


Management Consulting


Our aim is to ensure your business achieves the potential it is capable of. We have the know-how and experience to offer advice that helps you run your business more effectively.


We are practiced in acting as a sounding board for management, bringing years of experience in business growth to the relationship. We can identify key performance indicators in your business, through which you will see positive changes occurring with the help of our professional consultants.


We check that your business is as competitive, focused, and profitable as it can be, then offer flexible strategies, designed to address the issues affecting your business.


Let us give your business a health check! Take the practical advice we can provide to ensure the ongoing success of your venture.


Office Duties


Here at  Twelve Chartered Accountants we understand that day-to-day office duties are not everyone's cup of tea and are happy to help out with some or all of the following services:


  • Processing wages
  • Paying creditors and processing payments
  • Collecting and banking debts
  • Various secretarial tasks

Strategic Planning


The pressures of daily business can often mean strategic planning takes a back seat, but to have a successful business it is vital to plan ahead. We'll help you develop a strategic plan that examines where you want your business to be in the next 3-5 years and exactly how you and your team can achieve these aims and objectives.


Your strategic plan will:


  • Define the characteristics of your company in three to five years
  • Identify your competitors
  • Define your objectives and financial goals
  • Include an effective implementation strategy to achieve your goals

Taxation


At Twelve Chartered Accountants we offer a full range of taxation services. Our taxation consulting division is nationally recognised and we offer advice based on proven knowledge and experience. Our proactive approach ensures we deliver consistent service and build solid relationships that stand the test of time.


Taxation can be a major cost to your business. We will work with you to minimise your tax and help you achieve your key objectives. We provide a complete service of assistance and advice in each of these areas:


  • Preparing activity statements and advice on tax payments
  • GST/FBT obligations
  • Advice on, and implementation of, tax effective trust structures for asset protection and tax minimisation
  • Managing any ATO audits or disputes

Trusts


A trust provides a valuable way to protect the assets you have accumulated for the benefit of others. Our extensive experience with trusts enables us to offer specialist advice on trust formation and ensures all statutory requirements are met. Obligations for trustees can often be onerous, and our assistance in trust administration can prove invaluable. We can assist with:


  • Preparing and executing the vital documentation required for trust formation
  • Attending to the special requirements involved in reporting for trusts
  • Completing the trust administration:
  • Minute-keeping service
  • Annual accounts
  • Taxation
  • Asset management
  • Investment monitoring
  • Income distribution


Contact us today to ensure your trust is formed and administered as effectively as possible, covering all legal requirements and guaranteed to fulfill its purpose!


Valuations


Am I getting the best price for the sale of my business? Is the asking price too much? An independent valuation provides you with answers to the questions you often need to ask about the value of a business or property.

We are trained and experienced in business valuations and can provide you with simple guidelines and formulae to determine the value of your business or property. We can also appear in court or for arbitration as expert witnesses in relation to business valuations.


Choose Twelve Chartered Accountants for a professional, accurate valuation service!


Why choose us?

Our Core values at Twelve Chartered Accountants are simple;


  1. We genuinely enjoy the success of our clients.
  2. We treat people the way we would like to be treated, respectful and courteous.
  3. People are our customers, not their businesses.
  4. We take the time to know our clients and earn their trust.
  5. We will challenge our clients to achieve better results than they thought possible.
  6. We don't just do tax returns, we improve peoples lives.

Get in touch today

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