Business Advisory Services
Financial Reporting - Budgets & Cash Forecasts - Business Acquisition & Sale - Strategic Planning - Business Structure - Corporate Governance – Succession Planning
Remember the old saying “If you fail to plan, you’re planning to fail”?
Well, for businesses we believe it’s just as true today as it was a decade ago. Tax, accounting and compliance are all standard components of running a business, but developing a strategic future plan is essential for reaching your business and financial goals, and ensuring success in the years to come.
H&M Accountants’ years of experience in this area has led us to develop a sound strategy for helping to reinvigorate businesses, and get them back on track to achieving their goals.
Our process includes:
A fact-finding meeting to review the performance of your business.
Establishing goals for the business and outlining the necessary steps to achieve these goals.
Agreeing upon a method for measuring the success of each of these goals.
Helping you engage your team to ensure the whole business knows and understands your goals.
Regular performance monitoring to help you track your performance towards these goals.
Tweaking of goals and adjustment to processes where necessary to ensure goals remain relevant.
Helping you celebrate your achievements!
Using historical data to predict the future is fraught with danger. Every business needs a budget that will help to identify issues such as cash flow shortages before they occur, so that you can plan for them and develop strategies for avoiding them. Our experienced team can help you to develop a 3-way forecast to help achieve your business goals.
Paying tax is a consequence of a successful business. We all need to play our part in paying taxes so that we can build and operate schools and hospitals, maintain and build new roads and other infrastructures. But let us help you to make sure that you pay the right amount of tax, and avoid the unnecessary taxes.
Are you a start-up or small business looking for tailored services and advice in one simple package?
Our Small Business Starter Package is what you’ve been looking for…
Read more below
H&M Accountants Small Business Starter Package
Starting a new business is an exciting time! For some people, it’s their first step into the world of financial management, GST and BAS statements, and for many it can be an overwhelming task on top of the already long list of “to do’s” for a start-up business. We want to help you make this new experience as exciting, and stress-free as possible.
We have created a “Small Business Starter Package” to get your new or existing business off and running. Our team will help manage your tax compliance, and give you valuable insights into the operation of your business and help to highlight the key factors that you need to focus on to make your business a success. Managing the accounts and completing the tax return for your small business can be time consuming and confusing, especially if it is your first time taking on the challenge. Spend less time worrying about your business, and avoiding the easy mistakes all while receiving valuable business growth advice from our experienced team.
We’ll take care of the tax and compliance issues, so you can focus on what you do best and the reason you went into business in the first place.
So, what does the Small Business Starter Packaging include?
1. Initial Consultation
Our initial consultation includes:
An hour-long face-to-face fact finding meeting with one of our accountants. In this meeting we will establish an understanding of your business.
Determine how we can best assist you and your business going forward.
2. Business Tax Return
Business Tax Return + Personal Income Tax Returns. This includes copies of:
Financial Statements and Income Tax Return for the business.
Personal Income Tax Returns for individuals directly related to the business (maximum two per Business).
3. Quarterly Reports, Meetings, Phone calls
To keep you on track during the year, and to maximise your business potential; our accountants will:
Arrange face-to-face or over the phone meetings to discuss the performance of your business during the previous quarter.
Use reports sourced from your Xero file and the latest online dashboard software, to discuss how the business has been performing, and any strategies that may help improve business performance in the future.
Discuss how these strategies can be put into action and to hold you accountable to ensure your business reaches its goals.
By having these meetings, you will be able to make more accurate and timely decisions for your business.
4. Quarterly Business Activity Statements
Preparation and lodgement of the business’ quarterly business activity statements.
By having our office complete your business activity statements, you can be sure they are done correctly; and also assist with your cash flow (thanks to the 4 weeks extension for payment by lodging through our office as your tax agent).
5. Xero Accounting Subscription
Xero offers small business owners and advisors the opportunity to have access to:
Live financial data, which will help improve the decision making process.
This highly intelligent program can lessen the burden of bookkeeping, and with the ability to login from anywhere on any device, it offers business owners flexibility and convenience.
Our firm has several Xero certified advisors who will be able to assist you in achieving the best result from your Xero file, and to assist with any questions, or issues.
Our accountants have access to your information at the same time as you, allowing us to assist you in making adjustments, and provide assistance, where required right away.
6. Ongoing Support
As the owner of a small business, you are bound to have questions throughout your journey. We are here to help, by offering support and assistance wherever we can.
The value of this package to your business will definitely exceeds the outlay, but we are so keen to help the next generation of business owners that we are offering this package at a discount to our usual prices.
Your investment in the future of your business is $350 (plus GST) per month. The program will run for a 12 month period and at its conclusion, we will offer another package that will continue to generate value for your business.
If you are thinking of starting up a new business or have an existing small business that could benefit from this starter pack, please contact our friendly team to book in your consultation now.