Our client runs a IT business out of New York. They supply and support their software worldwide. They were looking for a local presence in the Asia Pacific region. We set up a local company for them in Australia and provide a range of financial services to them on an ongoing basis. The services include:
- Accounting incl a monthly financial report
- Tax compliance incl BAS,IAS, payroll tax, fringe benefits tax, year end return
- Local director
- Tax advice from time to time
- Oversee the payroll process for some 20+ employees
Recently we assisted a client in preparing his business for sale. His plan was to sell his business before his 60th birthday in three years’ time. By setting up a plan in good time we assisted him to maximise the sale price. We have a 3-year projection, which closely monitors margins & profitability. We are also monitoring many of the balance sheet items to ensure that it looks its best at sale time. Closer to D-day we will assist with the preparation of a business memorandum to present the business to prospective buyers.