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Starting with a dream

Before you can move forward, you need to adopt goals and a philosophy for your business. In other words, what do you want your business to achieve and what are the values you want to adopt to achieve those goals. You can start by asking yourself:

Why am I in business? What products or services am I going to sell? What customers am I serving and how will they benefit from my product or service. How successful do I want to be? What values will I adopt towards my customers and employees? You must be specific!

Once you have defined your goals and philosophy, it’s going to make it much easier for you to achieve what you have set out to do, because you will know what you want to achieve. Making the right decisions before your business opens its doors can mean the difference between success and failure.

Some other questions to ask at this stage are:

What is the best structure for my business? You should consider the pros and cons of trading as a sole trader, partnership, trust or company.

Do I have a suitable business plan? If you need to raise money a business plan will be essential to support an application for finance. Regardless, it will be essential for your planning in the first months and years of your business. A good business plan includes projections of income and outgoings, as well as a clear explanantion of how and why your business will succeed.

Have I set up adequate reporting systems and procedures? These are essential because they enable you to monitor, control, and evaluate the performance of your business. They also help you delegate effectively and enable you to focus on the most important tasks, including planning.

Have I given enough thought to my retirement plans? It is never too early to start planning for retirement. Sooner, rather than later you will need to decide what resources to commit to your retirement planning. If you are self employed you may wish to set up one or more plans. If you plan to operate your business through a company you could consider the advantages of setting up a company plan.

Who should own my business? You might think the obvious answer is, ‘Me,’ but using an appropriate structure such as a family trust could greatly simplify your long-term exit and succession strategy. You may also consider share incentives to attract and retain staff.

our Services

Accounting
services

In the constantly changing business environment, you can rely on our business services team to be expert, up-to-date and ready at hand to assist you with your business matters. Whether your concerns are taxation, accounting, business planning, cashflow and budgeting, or business valuation, rest assured that our staff are available to advise you.

audit
services

There is no such thing as a ‘one size fits all’ audit. We use the latest technology to provide individual assessments, producing comprehensive reports in which your stakeholders can have the utmost confidence. We are also happy to offer due diligence systems reviews and financial consulting advice.

company
secretarial

Communication and effective administration are essential elements of a successful organisation. Regardless of the size of your business, we are ready to support you with a team of highly qualified secretarial and support staff.

taxation
services

We regularly deal with a broad range of personal and corporate taxation issues and make a point of understanding the individual needs of every client. Whether you need advice on company tax, personal tax effectiveness or indirect taxation including payroll tax and GST, our team will identify the best solutions for you.

self managed
super funds

The way your superannuation is managed now will have a significant impact on the choices you have in retirement. Self-managed super funds are perfect for those looking for greater control of their savings and are one of the best ways to ensure that you will have sufficient funds for retirement.

specialist
services

In addition to our normal services, we have developed specialist knowledge and expertise in the following sectors:

Christian organisations

Audit of incorporated associations.