Isaacs Cole Chartered Accountants

Are you currently in Business?

Running your business

If you are already in business, you will often have questions and require advice in how to best manage your business.  Questions like:  

• How can I grow my business?
• How can I increase my profitability?
• How can I improve my cash flow?
• How can I reduce my involvement in my business without comprising the performance of my Business?
• How can I protect my personal assets from my business?

We can partner with you in the running of your business to help you answer these and other questions, and implement plans that facilitate your business in realising its full potential. We recognise that there are many elements to a successful business and that the role of a business adviser is more than just analysing numbers. We also like to work with you in relation to other aspects of business operations, including:

• Establishing effective systems, policies and procedures for your business
• Establishing quality assurance frameworks for your business
• Establishing risk management frameworks for your business and ensuring you have the right insurance coverage for your business

We can also provide you with support services such as book-keeping advice and support, or connect you with resources within our network that can assist you in other areas such as human resources and business financing.

As a business operator, we can also advise you in relation to Asset Protection and recommend strategies for protecting your personal assets from any business risk that you may be exposed to.

Running Your Business Fact Sheets

Managing change in your business

Businesses operate in dynamic environments and inevitably there will come a time where a business is required to adjust to a significant change created by either internal or external factors. We can work with you to ensure that the change is managed as seamlessly as possible, with minimal disruption to the performance of your business.

Compliance services

As a registered tax agent we can attend to all your compliance needs in relation to your business’ income tax obligations, including preparation and lodgement of your business’ income tax return and business activity statements.  We can also advise you on all aspects of your compliance obligations, no matter how complex.

Tax planning

We can work with you to predict business tax liabilities and recommend strategies that can assist in minimising tax payable by your business.

Exiting your business

If you are thinking of exiting your business there are some critical decisions ahead of you. Will you sell the business? Will you hand the business over to family members? Or will you simply close the doors? We can assist you with the planning required around such critical decisions to ensure the best possible wealth and tax outcomes for all parties involved, as well as achieving non-financial goals such as business succession and legacy.

Our fact sheet on CGT Concessions for Small Business will provide you with some useful guidance on the circumstance of exiting from business. Please see our section on Planning for Your Retirement for additional information if your exit from business is in connection with your retirement.