You're an expert in your trade. From formworking to facial surgery, it takes years to build your skillset. The problem is that business is not a smooth linear process. Staff have to be let go, tax audits are unexpected, disputes drain your energy. Unprepared business owners often have noone to turn to and get stuck. When you're stuck, business as usual becomes difficult.
Things are the same when business is going well. How do you invest that money? Protect yourself from claims? Avoid excessive taxes? Buy that dream home?
While most accountants advertise 'business advice' they lack the training or ability to solve a problem. Real business solutions need more than a 30 minute ideas session.
If you're prepared, problems become minor hiccups and the business grows by itself. We specialise in preparing businesses in the following ways:
Setting up quarantined structures to keep risk in your business and away from your wealth
Valuing businesses for restructure
Setting up effective reporting systems to minimise ATO audit times and overpayment of tax
Organise your finances so that you're in a position to seek finance, business buyers and investment opportunities.
Salmin is a Chartered Accountant with over 15 years experience in accounting and advisory. After years working in restructuring, litigation support and advisory he started Tact Advisory to help business owners with specific needs.