Overview

Practical financial guidance for business owners, looking at how the business is performing and what the numbers say about the decisions ahead.

That includes budgeting, forecasting and growth planning, and for new businesses, getting the structure and registrations right from the start rather than unwinding them later.

What this covers

  • Financial performance review
  • Budgeting and forecasting
  • Cash flow planning
  • Growth planning
  • Business structure advice
  • New business setup and registrations

Useful to bring

  • Recent financial statements or management reports
  • Current bank and loan positions
  • Your accounting file or bookkeeping records
  • Details of the current structure and any related entities
  • Plans, quotes or figures for what you are considering
  • Anything you have already been told that you want checked

Worth knowing

Structure is cheaper to get right than to change.

Operating as a sole trader, partnership, company or trust affects tax treatment, asset protection and what happens when the business is eventually sold or passed on. Registration thresholds matter too: a business generally has to register for GST once turnover reaches $75,000, or $150,000 for a not-for-profit organisation.

Who this is for

New businesses

Structure, registrations and a set-up that suits the plan.

Growing businesses

Budgets and forecasts to plan the next stage against.

Owners reviewing performance

A clear read on where the money is actually going.

Businesses restructuring

The tax consequences understood before anything changes.

Get in touch

Let's get your tax sorted.

Whether you're lodging your tax return or looking for ongoing business support, GBTax is here to help.

Send an enquiry and we'll come back to you to arrange a time, or email info@gbtax.com.au.