Accounting
- Budgeting
- Business Start-Up
- Cashflow Forecasting
- Corporate Compliance
- Management Accounting
- Selling a Business
Budgeting
A thoroughly considered budget is a necessity in good business planning. It's one of the best business tools available to you enabling you to set informed financial targets and measure your performance. Our financial projection techniques also uncover potential future scenarios and goals to strive for.
In addition to goal-setting value, budgets often improve your chances of acquiring funding; financiers tend to require budgets as a prerequisite for funding approval.
There are many types of budgets and we will help design the right budget for your specific business.
Let us demonstrate how a budget can provide feedback that helps you and your business prepare for the future!
Business Start-Up
If you've got a good idea for a new business venture but don't have legal or financial expertise we can help you:
- Decide on and then set-up the most suitable structure for your business - whether it be a sole trader, partnership, trust, self managed superannuation fund or limited company
- Prepare a business plan, cash flow projections, budgets, and trading forecasts
- Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
- Establish a good working relationship with your bank
- Registrations with the Australian Taxation Office where necessary for a Tax File Number, Australian Business Number, GST, PAYG Withholding
- Complete incorporation and registration procedures with the Australian Securities and Investments Commission
- Deal with company secretarial issues
- Set up a recording system for your internal use to ensure compliance with statutory requirements
Let us help you turn your business idea into a reality!
Cashflow Forecasting
Are you holding too much inventory? Is this the right time to expand your business? Do you have enough cash to pay all your expenses every month? The answers to these questions can make or break your business. We can provide you with accurate, timely, informed cash flow forecasting reports that enable you to:
- Realise and understand when cash is available
- Plan and prepare for expansion, stock control, and taxes
- Analyse and anticipate key expenses
Equipped with this information we'll work with you to develop action strategies that improve your bottom line.
Corporate Compliance
Compliance with company legislation can be onerous and time consuming. The last thing a business owner needs is the stress associated with understanding Corporations Law, but the risk in failing to do so is significant. We can manage this for you. Our services include:
- General advice on company law
- Company formations
- Filing annual returns on your behalf
- Preparing all documentation related to minutes and resolutions
- Maintaining statutory books
- Assistance with changes of directors, shareholders, addresses, and office details
- Bonus issues
- Share transfers
- Registered office facility
It's our job to understand compliance complexities, so talk to us about managing this function so you can get back to running your business.
Management Accounting
Management accounting is concerned with the provision and use of accounting information that better equips business in management and control functions thereby enabling managers and business leaders to make informed business decisions. CP can assist in management accounting that can involve these aspects:
- Primarily forward-looking, instead of historical;
- Model based with a degree of abstraction to support decision making generically, instead of case based;
- Designed and intended for use by managers within the organisation, instead of being intended for use by shareholders, creditors, and public regulators;
- Usually confidential and used by management, instead of publicly reported;
- Computed by reference to the needs of managers, often using management information systems, instead of by reference to general financial accounting standards.
Selling a Business
Selling a business can be a difficult, disheartening time and the tasks involved can seem particularly arduous. At CP we take the unwanted burden from you.
The services we provide for the preparation to sell a business include:
- Obtaining comparative results
- Establishing a realistic sale price
- Taking the business to the market
- Negotiating with potential purchasers
- Drafting a contract
Our friendly, professional team are there to help you maximise the return for your business.