Business Advisory Services
Having the right accountant is not just about compliance. It is about having someone in your corner who understands your business, knows where the risks are, and can help you make better financial decisions throughout the year.
At Taxcor, our business advisory services are designed to give Central Coast SMEs practical, straightforward guidance — whether you are choosing a structure, planning for growth, managing cash flow, or preparing to exit the business one day.
Minimise your tax
Professionally managed
Grow your wealth
Protect your financial future
Business Structure Advice
Choosing the right structure is one of the most important decisions you will make for your business. The structure you operate under directly affects how much tax you pay, how well protected your personal assets are, and how easily you can bring in a business partner, access finance, or eventually sell.
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Common structures in Australia include sole trader, company, discretionary (family) trust, and partnership. Each has different tax, liability, compliance, and succession implications.
Example: A sole trader running a successful construction business may benefit from moving to a company or trust structure as profits grow, to improve asset protection and access better tax planning opportunities.
Key considerations when reviewing your structure include tax obligations and applicable rates, personal liability exposure, asset protection requirements, business growth plans, compliance costs, succession and exit planning, and capital raising needs.
Many small business owners are operating in the wrong structure without knowing it. We help clients across the Central Coast review their current arrangements and transition to more appropriate structures where needed.
Tax Planning & Minimisation
Tax planning is about being proactive. Rather than waiting until the tax return is due, we work with you throughout the year to review your income, expenses, timing of transactions, and available concessions — and identify legitimate strategies to reduce your tax before the end of financial year.
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Examples of tax planning strategies include:
Asset purchases and depreciation planning before 30 June
Superannuation contribution strategies for business owners
Trust distribution planning for family trusts
Income deferral strategies
Small business CGT concessions
Reviewing director wages and dividends for optimal tax outcomes
FBT planning and vehicle logbook reviews
PAYG instalment management
Write-offs for bad debts and obsolete stock
Example: A company expecting strong profits in the current year may bring forward the purchase of eligible business equipment before 30 June, claiming depreciation deductions and reducing its taxable income.
All strategies must be properly documented and commercially justifiable to meet ATO requirements. We make sure your planning is both effective and defensible.
Cash Flow & Budgeting Advice
Many profitable businesses run into serious financial trouble simply because of poor cash flow management. Revenue and profit are not the same as cash in the bank, and the difference matters when wages, rent, GST, and superannuation all fall due at the same time.
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We help businesses monitor how money moves through the business, identify upcoming financial obligations, and put practical plans in place to manage them.
Our cash flow and budgeting services include:
Forecasting upcoming tax and compliance obligations
Planning for payroll, superannuation, and BAS payments
Managing seasonal revenue fluctuations
Preparing realistic operating budgets
Improving debtor and creditor management
Identifying unnecessary or excessive expenditure
Example: A hospitality business with strong summer trade and quiet winter months needs a cash flow plan that ensures wages, rent, and GST can be covered throughout the year. A pharmacy generating mostly GST-free prescription sales but paying GST on rent and supplies may benefit from monthly BAS lodgement to receive GST refunds from the ATO sooner.
Profitability Analysis
Growing revenue without understanding whether the business is actually profitable is a common trap for small business owners. We help clients look beneath the top-line numbers to understand where the business is making money, where it is losing it, and what can be done about it.
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Our profitability analysis services help identify:
High-performing products or services
Low-margin activities draining time and resources
Excessive operating costs
Pricing issues that are quietly eroding margins
Payroll and staffing efficiency
Business performance trends over time
Example: A retail business with increasing sales each year may be seeing margins shrink due to rising supplier costs and discount promotions. Profitability analysis can identify exactly where the problem lies and what pricing or operational changes are needed.
Business Performance Reporting
Reliable financial reporting gives business owners the information they need to make timely, informed decisions — rather than relying on gut feel or reviewing the bank balance every morning. We provide regular management reports that give you a clear picture of how the business is performing against budget.
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Reports may include profit and loss statements, balance sheet reporting, cash flow summaries, GST and BAS reporting, payroll summaries, KPI tracking, and industry benchmarking. Businesses using Xero, MYOB, or QuickBooks can often access real-time versions of these reports alongside our analysis.
Succession & Exit Planning
At some point, every business owner will step back — whether through retirement, sale, or family succession. Planning early gives you far more options and significantly better financial outcomes than trying to manage it at the last minute.
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Succession and exit planning can include:
Business sale preparation and valuation reviews
Family business succession strategies
Shareholder transition planning
Retirement and superannuation planning
Capital Gains Tax (CGT) planning and small business CGT concessions
Reviewing ownership structures ahead of a sale or transition
Asset protection strategies
Getting these arrangements right well in advance can make a significant difference to how much tax you pay on exit and how smoothly ownership transitions.