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Finance & Business

  • What do I do after I cancel my GST registration? What adjustment do I need to do?

  • What kinds of questions and/or comments can I expect from bankers when they review my company’s financial ratios and percentages as part of the borrowing process?

  • When do I need to register for GST?

  • When is a good time to refinance a commercial loan to take advantage of lower interest rates?

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  • General
    • How can I establish a succession plan that ensures continuity in my business when I retire or die?
    • How do I prepare cash flow statements and how do I use them as management tools?
    • What kinds of questions should I ask when I negotiate my lease?
  • Accounting Issues
    • Am I pricing my products and services correctly?
    • How do I protect my family assets if I was operating my business?
    • How much is my business worth? Can you help me with a professional valuation?
    • Should my business be on the accrual or the cash basis of accounting? Why?
    • What is the appropriate method for my business to value inventory?
    • When paying my company’s bills, should I take advantage of early payment discounts or pay late?
    • When should I consider putting my company into voluntary liquidation? What are some of the major benefits and drawbacks?
    • Which indicators of my company’s financial performance should I be tracking? Should I calculate these key indicators, or should I ask my accountant to do it?
  • Finance & Business
    • Can I use a company bank account to pay for expenses such as staff meals and personal expenses?
    • Do I need financial statements for my business?
    • How do I close my business (as a sole trader, partnership, trust, or company)?
    • How do I deduct the running cost of my car for my business? Is it in my personal name or in the business? Should the business pay, or should I pay?
    • How should I purchase my vehicle for my business – outright, chattel mortgage? Hire purchase? Finance lease?
    • How should I start my new business? (As a sole trader or a trust or a partnership or a company)
    • I am in the market for a bank what kinds of information should be included in the business plan I present to the bankers? How should this be presented?
    • If I sell the property that I live in now, do I need to pay CGT? If I had an investment property, do I need to pay CGT? What if I lived in it initially and then used it as an investment property before selling it, would that be subject to CGT?
    • Should I buy a vehicle in my name or my company’s name?
    • What are the key differences between debt and equity financing? Which is better for my company?
    • What do I do after I cancel my GST registration? What adjustment do I need to do?
    • What kinds of questions and/or comments can I expect from bankers when they review my company’s financial ratios and percentages as part of the borrowing process?
    • When do I need to register for GST?
    • When is a good time to refinance a commercial loan to take advantage of lower interest rates?
  • Salaries & Benefits
    • How frequently do I pay superannuation and PAYG withholding to an employee?
    • What are my obligations if I have employees?
    • What are the tax obligations if I employed contractors?
    • What is the payroll process when I pay employees every pay period?
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The Commons
32 York St,
Sydney, NSW 2000

1300 180 630

 

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