Business
At Roscoe & Company, we provide specialised accounting and taxation services to our business clients to help with their management reporting and end of year financial accounting and taxation needs. We provide more than the normal compliance services, through legitimate tax-effective strategies and structures we strive to help our clients to maximise profits, streamline their operations and protect their personal and business assets.
Our services to business include:
- Business start-up advice - it is important to set up your business to best fit your circumstances right from the start. In light of this, we provide start-up advice for business clients including structuring advice, taxation implications, taxation and accounting services and advice on operational issues.
- Business structures - including the best structure to operate your business from and how to maximise the protection of your investment and business assets to assist with wealth creation and estate planning.
- Tax return preparation - for current and prior years, for all business structures, including sole traders, partnerships, companies and trusts.
- GST/BAS preparation and advice - we can help you to provide meaning to your business financials as part of meeting your compliance obligations.
- Buying or selling a business - When buying a business, we can provide due diligence services including the analysis of the business financials, budget and cash flow planning and consideration of other operational issues. If you are selling a business we can prepare the financial documents required and advise on the tax concessions available to minimise the tax payable on the sale proceeds.
- Other services include:
- Preparation of regular management and annual financial accounts.
- Business performance and financial position reviews.
- Budgets and cashflow forecasting.
- Accounting software advice and implementation.
Business Start-ups & Structures
One of the key considerations in starting a business is what structure is right for you and your business, whether it is as a sole trader, partnership, company or trust. The structure that is right for you may be completely wrong for someone else and depends on the particular circumstances of the parties involved. We can advise you on the best structure for your needs and personal circumstances and can arrange for the establishment of the structure.
We can also advise you on other necessary issues you need to consider when starting a business. Some of these issues include:
- What assets are at risk?
- Cashflow and budget forecasting.
- Taxation implications of alternative structures.
- Taxation, accounting and other compliance costs.
- Operational issues.
Why not use your BAS obligations to help you manage your business?
As part of your BAS preparation, we can provide your business with regular financial reports, business performance reviews, analysis of key performance indicators and cashflows to help you identify areas for improvement and growth.
Tax-effective Strategies
There are a number of legitimate tax concessions available to legally reduce the amount of tax your business pays. These include maximising available tax deductions and identifying potential tax problems associated with your business operations and or structure. We can determine the best strategies to resolve these issues, and provide a more tax effective solution for your business.