Come to talk exit strategies,
stay for the celebratory champagne
Selling a Business
It’s finally that time. You’ve given your business everything you’ve got, and you’re ready for the next big thing. Whether it’s retirement or your next business venture, we’ve got the bottle of champagne chilling in the fridge, waiting for you to celebrate.
If you are looking to sell your business to fund your rockstar retirement lifestyle, or you’re looking for a change in direction, RWK Accountancy can help. We’ll help you sort out Self Managed Super Fund (SMSF), Capital Gains Tax, Estate Planning and Business Valuation.
Preparation for sale and due diligence
...or getting the most from the sale of your business.
There's more to selling a business, than putting a "For Sale" sign up in your front window. Think of your business as your home.... which it probably was at some points of your journey! If you were selling your home, you'd want to make sure it looked its best; clean, fresh and beautiful. It's the same preparation for selling your business.
Before your put your business on the market, it's important to look critically at it through the eyes of a potential buyer. Change your perspective and identify what needs changing physically, aesthetically and procedurally to make your business more saleable.
RWK Accountancy can assist you to understand;
- What your business is worth.
- How to get the most from the sale.
- How to avoid losing half in tax when you sell your business.
- What to do with the money once your business is sold.
- How to make sure your kids are looked after?
Business valuation service
Because it's worth it.
Your business is probably the most valuable asset you own. When it comes time to sell, it is important to have a clear understanding of what your business is worth.
Using a professional service like RWK Accountancy to assist to value your business has the advantage of helping to comprehensively analyse your finances, identify trends within your industry which may impact your sale price, calculate goodwill value and estimate future profits.
We've also got an awesome database of entrepreneurial business clients who could be looking for a new business to buy... just saying!
Self managed super funds
DIY Super - Retire in control.
If you are one of those fantastic type A personalities who likes to be in control and call the shots, we're guessing you've probably got a Self Managed Super Fund (SMSF). Excellent.
There are many benefits to managing an SMSF, not the least of which include effective tax management and control and flexibility of your investment decisions.
Like all things accounting, there are compliance, costs and insurance requirements which carry heavy penalties if not adhered to. It's important to stay on top of these obligations.
Let us help with this. Our "Super team" know will ensure you cross all the t's and dot all the i's in terms of
We've also got a professional association with Merit Wealth, who can help you with your Super Investment decisions.
Small business tax concessions
PAYG, FBT, GST concessions for me!
Small business owners rejoice. The ATO is not all take, take, take. They give too! And sometimes generously. There are tax concessions available to small businesses including Income Tax, GST and Excise, Pay-As-You-Go (PAYG) concessions and Fringe Benefit Tax (FBT) which you may be eligible for, depending on your annual turnover and business structure.
Come in and have a chat to us about your business, and we'll do our very best to find you all the concessions you are entitled to.
Capital gains tax specialists
Your loss, your gain.
If you are a small business with a turnover of less than $2 million, you satisfy the active asset test and meet a couple of other conditions, *BOOM* your may be eligible for Capital Gains Tax concessions.
We don't mind saying - we are specialists in this area and welcome the opportunity to take a look at your business to see where you can benefit from this concession.