Advisory Services

Choosing the right structure for your firm can be a complex process. You need to consider a range of issues including personal liability, succession planning, and tax effective business structure. You must also decide what structure suits your current business needs.

Common business structures include:

• Sole Trader
• Company
• Partnership
• Discretionary Trust Or Units Trust

When you have chosen your business structure, the company governance or the trust deeds or business partners needs to be outlined:

• Who makes the ultimate decisions of the day to day operations of the business?
• Did the Trust deeds stipulates how the trust will be operated and what the trustee responsibility?
• What decisions should be made by all co-partners in the business?
• When a partner departure of the business, how are assets split up from the business?
• Can a partner forced to leave the partnership business?
• What happens if a partner from a partnership in the business past away?

At Linssy & Co we can arrange all the legal documents when you have chosen your business structure.

When a business owners involuntary departures or a business partner departure, and the arrangement for transitional retirement can be organise through a Business succession plan.

It is without a doubt with the right business structure, you could minimise your tax liability as well as taking advantage of tax strategy we will implement for your business. We ensure that your business structure allows you to maximised profitability, reduces tax liability, while providing continuous asset protection.

Your financial business structure is important in regards to:

• Its overall tax effectiveness
• Reducing personal liability or protecting business assets during the unfortunate event of litigation
• The sale or merger of your business

We take the time to work closely with key stakeholders within your business to achieve the ideal financial business structure for you.

A good financial business structure must:

• Be strategically thought out
• Be tailored to the individual needs of your particular business.
• Be adaptable when circumstances change

Business Structures with Accounting and Tax Services

Without a doubt starting a business and selecting the suitable business structure should not be considered lightly. At Linssy & Co Accountants, we will assist you to choose the most appropriate business structure for your personal or business needs. We will endeavour to explain the advantage and disadvantage of each business structures such as sole traders, partnership, company, and trust and let you decide the merits of each business structure formation.

Our teams of accountants can offer you the followings services in business structure formation and in addition to taxation and accounting services to complement everything you needs for your business tax compliance.

• We will provide an honest opinion and offering advice on how to decide the most suitable business structure for your personal or business requirements.
• We will help you to obtaining ABN, ACN, GST Registration, PAYG and Tax File Number, setup STP in payroll system and register for payroll tax.
• Registering your company’s name with ASIC
• Reviews and assisting companies to check and change company details such as officeholder details, share details, addresses and company name
• Setup accounting system and payroll for your business needs
• Assist with HR related service such as recruitment and employee remuneration.

All our accountants here are to manage all your business life cycle from business structure formation selection, taxation, payroll, and accounting services to sales or winding up your business.

Virtual CFO

Our qualified accountant will monitor your business transactions and tax reporting obligation. The virtual CFO will conducts key financial metrics to analyse your business performance. Our virtual CFO will prepare management accounts including common KPIs in order to monitor business performance.

The financial ratios analysis any business should monitor are as follows:

• Liquidity Ratio
• Asset turnover ratio
• Profitability ratio
• Efficiency ratio
• Leverage ratios

Cash flow health analysis

• Accounts receivable turnover ratio-The average debtor days is the number of days that elapse between when you issue an invoice and when you get paid. The faster you can turn sales into cash means the less cash overdrafts you need to finance your business activities. If you find that the average debtor days are increasing over time it may be a sign that you need to tighten your debtor control process.
• The Working capital ratio-The difference between your current assets and current liabilities is called working capital.

Indicators of profitability

• Gross profit margin-Your gross profit margin is a key indicator of your business’s overall health. The gross profit margin shows whether the average mark up on your products or services is enough to cover your direct expenses and make a profit.
• The Net profit margin-The net profit is the total amount earned (or lost) after paying all expenses. Once you know what your net profit is you can calculate the net profit margin. The net to profit margin shows what part of each dollar the business earns ends up as profit at the end of the period.
• Break-even point-The break-even point is important to know whether your business is sustainable or profitable. It’s the key to determining your pricing and profitability and therefore is fundamental to your success. The estimated Break-even calculation identifies the number of sales required before all business expenses are covered and profit begins (before tax).
• The interest coverage ratio, or times interest earned ratio, is used to determine how well a company can pay the interest on its debts and is calculated by dividing EBIT (EBITDA) by a period's interest expense

Indicators of liquidity

• The Quick ratio-The quick ratio shows how well a business can quickly convert its assets into cash in order to pay off its current liabilities.
• The Debt to asset ratio-The debt to asset ratio is an indicator of a business’s financial leverage. If you have a high debt to asset ratio, refers to your business expansion by borrowing funds from either through loans or creditors rather than from re-investing profits the business has made.

Accounting and payroll system set up and impementation

We know the ins and outs of Xero, MYOB, and QuickBooks. Our qualified Accountant will helps you with accounting and payroll system implementation.  Our bookkeepers are qualified accountant to provide systems training and ongoing support.

Budgeting planning and forecasting service-We used historical and real-time data to prepare complex business budgets and cash flow forecasts that help you plan and manage your business to grow.

The reporting obligation for IAS/BAS lodgement: Our qualified accountant will ensure your monthly or quarterly IAS/BAS obligations are tax compliance. We will certainly make sure all the GST collected and paid are reported to ATO in a timely manner.

Cash flow forecasting: Our Accountant will ensure your business have sufficient cash to meets the creditor payment. We will conduct financial ratio analysis to explain your business performance.