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Business & Investors
Treating Your Business Like Our Business
Services for Businesses
We know how busy you are. No business owner has time to sort through receipts and organise their statements alone. AAA Business Accountants Pty Ltd will take your messy, show box of receipts and organise them for you! We won't make you jump through hoops to get what you need.
And, with everything organised and on the cloud, you'll never worry about filing again.
Auditing
This is usually part of the compliance requirements in various industries and professions as well as for companies limited by guarantee and public companies.
Typical audits that we perform are:
- Construction industry/BSA-related
- Mining companies
- Trust accounts (accountants, lawyers, property management, real estate, etc.)
- Grants (entities who receive state or federal grants)
Due Diligence
This is highly advisable to be carried out PRIOR to acquiring a business. Although you may be happy to buy the enterprise that you are looking at, it may have some secrets. It is pivotal that you know as much as possible about the enterprise that you are about to acquire. Depending on what the business does, we would look at the following:
- Financial reports (preferably five years)
- B.A.S (preferably five years)
- Bank statements
- Debtors (accounts receivable)
- Creditors (accounts payable)
- Ability to repay loans
- Stock(s)
- Payroll and HRM contracts
- Supplier contracts and dealings
- Customer contracts and dealings
- Assets and condition reports thereof
- Cost-benefit analysis (is it worthwhile for you to invest your money in this business?)
Business Management
The most important reason for keeping accounting records is to be able to manage your business. Accurate and timely reporting gives you a good overview on how your business performs. Problems are discovered sooner, in time for corrective action, before the damage is too big.
Here are typical danger signs of a business in trouble:
- Tax bills paid late or not at all
- Choice creditors/suppliers are paid (paid to the ones who scream the loudest)
- Staff superannuation not paid
- Creditors (accounts payable) much higher than debtors (accounts receivable) and have been outstanding over 60 days
- Stock not moving fast enough
- Owners refuse to take calls
Control
To manage your enterprise well, you need to be in control of it. This would relate to every aspect of your business. The basics would relate to the cost of products or services that you may provide, these need to be correctly calculated rather than “I’ll charge a little less than my opposition does”.
Entering into price wars is a recipe for business failure. We work with you, and, at the right time, bring in our marketing associate to place you in the market in a good position. In difficult times, the inexperienced business owners will cut off their life support in order to reduce costs, then wonder why their business has failed. When times get tough, you owe it to yourself to seek our immediate advice. You will have more options and chances to recover or get out in time.
Investment Services
This is a very specialised field and anyone that contemplates to DIY a self-managed superannuation fund should re-think very quickly. A Superannuation Deed is a very powerful document and should be written only highly specialised professionals.
Why Choose Us?
The legislation is complex and the ramifications of a poorly written deed could be worse than writing a bad will. A well-written deed is more powerful than a will because it cannot be contested! Whatever your wishes are with regards to your superannuation would have to be carried out exactly in that way.
At AAA Business Accountants Pty Ltd, we discuss your needs and circumstances with you and in conjunction with our financial advisors, and only then do we order your deed. The professionals writing the deed will be picked based on your individual circumstances.
Matters for Consideration or Discussion
- Superannuation fund deed
- Superannuation corporate trustee
- Membership of fund
- Directorship of trustee
- Other office bearers of trustee
- Strategy plan
- Sole purpose
- Taxation
- Audit
- Other compliance matters
- Borrowing through SMSF
- Custodian trust with corporate trustee
- Directorships
- Other office bearers
- Sole purpose
- Taxation
- Audit
SMSF Services
Part of our SMSF service also involves working with business associates in conjunction with investments in NRAS* properties that are usually positively geared. We strongly recommend to consulting our SMSF team prior to embarking on any investment strategy through the fund.
*This is a delicate area prone to errors by unexperienced professionals and the public. We will work closely with your bankers, legal advisors and real estate agents to achieve correct results.