Business Accountant Sydney

Once you have started your business, the next challenge is to grow it. At Pretium Solutions, we understand that growing a business can be challenging. We can help you with the following services of business accounting in Sydney:

• Financial analysis: We can review your financial statements to identify areas for improvement and provide recommendations on how to increase profitability and efficiency.
• Cash flow management: We can help you manage your cash flow and improve your working capital to ensure that you have the funds to grow your business.
• Business planning: We can help you develop a growth strategy, including identifying opportunities for expansion, entering new markets, and diversifying your product or service offering.

Planning your exit strategy is a critical aspect of any successful business plan. Our team of experts can help you develop a plan that aligns with your financial and personal goals and maximises the value of your business when it’s time to sell or exit. We offer a range of services of business accounting in Sydney to help you plan your exit, including:

1. Exit planning strategies
2. Business valuation
3. Taxation advice
4. Negotiation support
5. Succession planning

We believe that it’s never too early to start planning your exit strategy, and we’re here to help you realise what you truly want to achieve from your business and what you need to do to make it happen.

We also offer a range of services to help businesses improve their performance and profitability, including bookkeeping and accounting, business development services, exit planning strategies, early-stage innovation company services, government grants assistance, R&D tax incentive, and cloud accounting. So if you are looking for business accountants in Sydney then we are the best accounting firms to partner with.

Pretium Solutions offers business development services to help businesses improve their performance, profitability, and long-term planning. Our services include a comprehensive review of the business’ performance, cash flow management, team development, resource identification and strategic partnerships. We can help businesses of all sizes create strong, sustainable, and profitable plans for the future. With our expertise and resources, we can help businesses implement successful strategies and achieve their goals.

Becoming an Early Stage Innovation Company (ESIC) can help startups and other early stage businesses to raise capital by providing tax incentives for early stage investors. Our team can help you to understand the requirements for becoming an ESIC, ensuring eligibility, and reaping the benefits of the ESIC legislation. Investors can receive tax benefits for investing in qualifying ESICs, such as a tax offset of up to 20% on their investment, with a maximum of $200,000 per annum for sophisticated investors and $10,000 per annum for retail investors. Retail investors can invest a maximum of $50,000 per annum. If shares are held for over one year but less than 10 years, investors can also obtain a CGT exemption.

The Research and Development (R&D) Tax Incentive is a program that encourages eligible businesses in Australia to engage in research and development activities to drive innovation. This program is jointly administered by AusIndustry and the Australian Tax Office (ATO).

To be eligible for the R&D Tax Incentive, a business must undertake eligible R&D activities that involve creating new or improving existing products, processes, or services. The activities must be conducted with the aim of generating new knowledge, and there must be a degree of technical uncertainty that requires research or experimentation to resolve.

Eligible businesses can receive a refundable tax offset of up to 45% or a non-refundable tax offset of up to 40% of eligible R&D expenditure, depending on their annual turnover. To claim the incentive, businesses must maintain adequate records of their R&D activities and expenditure and apply within 10 months of their income year.

Pretium Solutions can help businesses determine their eligibility for the R&D Tax Incentive, assess their R&D activities and expenditure, and assist with the preparation and lodgement of their R&D Tax Incentive application. Contact us today to learn more about how we can assist your business with the R&D Tax Incentive.

At Pretium Solutions, we understand that no two businesses are the same. We offer a range of accounting packages tailored to suit the size, industry, and needs of your business. We make our pricing fair, transparent, and easy to follow by offering a choice of service levels for each of the key ingredients: Core Services, Essential Extra Services, and Success Factors.

Core Services are the foundation of all our business accountant packages and include annual financial statements, income tax return, ASIC registered agent services, client advisory board, and trustee resolution for annual income distribution. These services are included in our monthly accounting packages and priced based on the size of your business.

Essential Extra Services are the essential tasks that happen in every business, and we offer various levels of support for these services. These services include ad-hoc queries and support, activity statement preparation, financial year budget, management reports, fringe benefits review, quarterly BAS review and lodge, annual payroll processing, NSW payroll tax, and personal properties security register report.

Success Factors are the add-ons that give your business the best opportunities for ongoing success and profitability. These services include annual business plan, taxation planning, government grants review, 3-way forecast, and strategic planning session.

We offer a free 10-minute Business Health Check to identify gaps and priorities in your business, clarify what to address first, and help you select the right accountant package for your business.

In addition to our comprehensive range of accounting, bookkeeping, and business success packages, Pretium Solutions provides a wealth of resources to help our clients achieve their goals. We believe that success in business is about more than just numbers – it’s about building strong relationships, staying up-to-date with the latest trends and strategies, and taking a proactive approach to problem-solving.

To that end, we offer a variety of resources to support our clients in their business journey. From our Client Advisory Board to our extensive library of webinars and podcasts, these resources are designed to provide valuable insights and guidance on a range of topics. Whether you’re looking to improve your financial management skills, stay up-to-date with industry trends, or connect with like-minded business owners, we have something for you.

Pretium Solutions produces a podcast series called “The Business Behind Your Business”, which covers a range of topics related to running and growing a successful business. Each episode features interviews with industry experts and business owners, who share their experiences and insights on a variety of topics, such as financial management, marketing, and technology. The podcast is a valuable resource for businesses looking to stay up-to-date with the latest trends and best practices in their industry.

Pretium Solutions offers a free Business Health Check Tool, which helps businesses identify gaps and opportunities for improvement in their operations. The tool assesses key areas of the business, such as financial management, marketing, and operations, and provides a comprehensive report with actionable recommendations for improvement. By using the Business Health Check Tool, businesses can gain a better understanding of their strengths and weaknesses, and develop a roadmap for achieving their goals.