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CPA

Small Business operators

Free business, trust, company set up. Discounted Business Health Check. Small Business Tax Accountants and Financial Planners CPA CFP. Specialised Small Business Accountants. Business Bookkeepers, SMSF Accountants, SMSF Set up.

You own your own business, or you operate one for the owner who relies on you to make sure everything is running smoothly. Hopefully you make a profit. And you have to work at your business and you have to work on your business. Sometimes it seems you have to work a lot of stuff out on your own.

At ascendia we can help.

Sure we can do your tax, put you in touch with a good bookkeeper, ensure your compliance work is completed on time and accurately. But annual financial accounts have to be compliance driven and in the format required by the ATO and ASIC. They are not designed and are not very helpful for use as a management tool to maximise the outcomes of a business.

So we also have a business reporting and financial management support service that does do this – it gives you the information you need to maximise the outcomes from your business. We call it our Business Health Check. Coupled with the Business Fit Program (see below) of ongoing support you can look forward to some healthy business outcomes.

In the meantime please consider the menu of services tailored for small businesses at the bottom of this page. Make sure you're getting the support you need from your accountant.

Business Bookkeepers, Small Business Tax Accountants and Financial Planners CFP CPA, SMSF Accountants, SMSF Set up.

special offers

Our specialised services for small business start with improving profit, sales, and cash in-flow. We understand that with business clients it's all about the business - if we can help you to get that working really well - then you're able to think about your own needs. We call this our Business Fit Program (see below). It starts with the Business Health Check.

 

business health check - how to increase your profit 20%

 

or it's free

Detailed consultation with you, data gathering, analysis and comprehensive diagnostic business report - showing you how to improve your businesses profit by a minimum 20% in one year!

 

current special offer - 50% rebate - pay only $1,000 if we can show you how to increase your profit 20%.

 

We will rebate 50% of the fee back to you as a credit on your ongoing account with us when you engage us as your compliance and tax accountant for 12 months.

If we can't identify how, using simple and realistic changes, you could improve your profit by 20% within a year - we will give you a 100% discount - we will not accept payment for our service. 

That's better than a 100% money back guarantee - we simply won't invoice you in the first place - keep your money. We charge $2,000 for this service for new clients - where we have delivered!  This service is provided to selected applicants.  Apply now: info@ascendia.com.au. Offer limited.

 

 

free business set up - partnership, trust or company - worth up to $820

 

We will set up your business for free when you engage us to be your business and personal accountants for a year. This includes either a free set up of a small business trust, a company (you pay the $400 ASIC fee only for a company set up), a partnership etc., whichever business structure is most appropriate to your situation.

We invoice you for the set up, but we rebate 100% of the invoice as a credit on your account - when you engage us as your accountant and tax consultant for 12 months. 

We provide this free set up service to selected applicants.  Apply now: info@ascendia.com.au. Offer limited to new clients and one business set up per successful applicant. Limited number of set up's available so don't miss out. We do this because we are confident in the value of our ongoing services - it is an investment we will make in you.

We can provide full written fee quotes on our annual compliance accounting and tax services - which can form part of your engagement of us as your accountants. 

 

business fit program

After you've tried our Business Health Check we are sure you will want to join our Business Fit Program, and we can help you to answer these questions:

  • What can you do to produce a better outcome for your business? What changes will increase profit? What do you have to do to increase sales?  What works? What doesn't? Is it possible to increase cash at bank? (This involves meeting with you and taking your up to date MYOB file for analysis).
  • Are your current business development initiatives a waste of effort and money?  What will they deliver for your business outcomes? You may simply need to spend less time on some things and more on others to achieve better results.
  • Are you achieving your set in-house activity targets? Do you have set targets?  What should you be focussing your activity on?  What should you measure?  What should you ignore? Some of the measurement you can do in your business, some of it we will need to do for you using our in-house software (most of it you can do).
  • What impact are your changes and your staff's business activity having on your business this month? What delivered improvements last month? Track your achievement or any movement away from desired performance while there is time to take action to rectify or improve it. 
  • Our service regularly emails you your Business Fit Report - a business dashboard - showing how you are going and what adjustments you need to make as you go. We initially we show you how to interpret the reporting which uses a lot more diagnostic and analytical tools than a standard set of financial reports - showing you what is happening in your business and what can you do about it.

 

small business services

Over the years we have seen that business clients find it difficult to find time to do everything they would like in their business or to keep up with their own affairs more generally. Our services focus on helping you to identify the most important things to do to produce most of the results you need, and on doing a lot of the legwork relating to your personal financial affairs to ensure you get the benefits at end of it all.

Where necessary, our service starts with a review:

  • Assisting a business owner to understand the financial position (profit and loss and balance sheet) of their business as it currently stands (up-to-date bookkeeping to the current month). Where required we supply coaching and assistance to existing bookkeepers and complete bookkeeping services.

  • Supporting you as a business owner to have a clear understanding of your current and projected cash flow (forward budgeting) as opposed to profit and loss (different things) so you understand the net cash benefit and what the calls are on that cash (tax liability budgeting etc).

After getting the financials of your business up to date (if necessary), we often are required to provide advice.

  • We start with a Business Health Check that identifies the strengths of your business and areas that could be improved. 
  • We recommend you sign up for our Business Fit Program so that we can help you to improve profit, sales and cash flow. This is an ongoing business improvement program tailored to your business including budgets, measurement and monitoring to produce better business outcomes that you have determined.
  • Provide business advice to enable you to consider alternative business structures and financial strategies most appropriate for supporting your business model and the stage of development of your business (includes changes for improved asset protection, improved staff motivation and ability to obtain key staff, flexibility in tax effective investment options etc).

    Often this has never been considered from a strategic perspective – business approaches are often the consequence of a series of historical decisions - and not necessarily ever reviewed as a whole for its suitability to support what your business is doing now.
  • We encourage you to use our financial modelling services to consider the business budgets and the best business structures over a mult- year time frame and the impact of various entity contexts – whether trusts, companies, super funds - and the impact on the cash flows, tax expenses and importantly on your overall personal financial position.

    Our clients have found this process to be very helpful in allowing them to understand the available economic surpluses of their business and the options these surpluses offer them, ie. what they can invest/spend these surpluses on, and the associated costs including tax costs.

    Fully explained financial modelling reports enables you to make informed decisions about your financial options, including:
    1. the cost of spending more
    2. the advantage of saving or investing – quantified in detail
    3. how money can be most effectively used in your business structure.
  • Provide options, using our Tax Planning service and software, during each financial year (February to April - well before the end of financial year) to give you plenty of time and a number of alternatives to enable you to sensibly and significantly reduce your tax expense by:
    1. tax effectively investing the businesses economic surplus,
    2. re-investing in the business appropriately, tax effectively and within appropriate risk levels
    3. taking advantage of the various accounting and tax changes that come through each year.
  • Personal financial and investment advice in how to get the most out of the economic surplus of the business and your efforts. Includes how to fund, structure and tax effectively organise your investments as well as types of assets and what specific assets should be invested.

Implementation of adjustments to your arrangements are then sometimes required, so we can:

  • Provide a full implementation service in respect of any recommended changes in:
    • business structures or arrangements, including establishment of new entities
    • set-up of electronic accounts
    • set up of banking facilities
    • support in establishing related legal agreements as required
    • business valuations
    • financial accounting for sales
    • completion of related tax returns etc.
  • Provide a full implementation service in respect of all personal financial and investment advice including:
    • finance application and broking
    • margin lending implementation
    • cash bank services
    • asset purchase and administration services
    • financial reporting (quarterly)
    • records management (to support tax compliance and investment decision making)
  • Provide ongoing bookkeeping, accounting, tax, business consulting and financial planning services as per our service agreement with you.

 

services to enable you to get the most for and from your business

 

If you have any questions or would like more information about our service process for small business operators please call 1300 797 858 or email info@ascendia.com.au and ask to speak with one of our Senior Accountants/Client Advisers.