Solving Your Business Problems
Let’s face it, tax can be a nightmare. We are here to make things nice and simple for you, and provide solutions that will cut your tax bill. Whether you are five years behind, can’t make sense of your BAS, about to make a big transaction, or feel you are paying too much tax (aren’t we all!) give us a call and we will give you a hand.
One of the cornerstones of Frontline Accounting is helping business owners get control of their business. We see it time and time again – things are a mess and the business owner has no idea where they are at. We have a team of experts who can perform reconciliations, help you with cashflow budgeting, prepare your financial statements – and help you make sense of them!
Help you to run your business
We can give you a hand and determine where the ‘soft spots’ are in your business. Many of our clients engage us to prepare regular management reports with tailored commentary that gives them visibility over where their business is at along with recommendations for improvement.
If you have an SMSF we are able to do all the accounting and taxation for the fund along with annual financial statement preparation. SMSF compliance is a minefield and our job is to keep you on the right side of the law. If you don’t have an SMSF we are able to perform the setup for you.
Starting your own business
We get a lot of clients coming to us who are new businesses and need a hand to get started. We can help with the correct business structure, compliance requirements and getting onto the right accounting software from day one. Get any of this wrong and it is an expensive mess to clean up later.
Sales growth is not that complex. It is a matter of focusing on the right things and taking action. A lot of these things are basic but do require a lot of trial and error to figure out what the best marketing strategy is for your business. We find a lot of small businesses grow by accident rather than design.
If you are growing revenue but profit is not growing then you have a spending problem! If you want to increase profit you need to be controlling the costs in your small business. We can analyse and report on the steps you need to do to control your spending.
If you want to stay in business, you must have your cashflow under control. You need to know what money is coming in and what is going out and when this will happen so you can avoid a cashflow squeeze. We can help you to grow your bank balance…which will enable most business owners to sleep at night!
Running your business in the wrong structure can leave you exposed personally to lawsuits and exposed to paying unnecessary additional tax. You would be surprised how many small business owners get this wrong. Don’t be one of them.
Selling your business
Most small business owners over-estimate the value of their business. They believe they have a saleable asset that will fund their retirement after building it for many years. Unfortunately the reality is often different. Don’t be caught unaware or it may change the retirement plans you had.