As your business develops it is likely to grow by many different means – merging, opening up new markets, expanding your product line or adding more services. These changes often require your business to adjust its structure and set up – whether that’s increasing the shareholder base, attracting suitable investors or looking for funds to pursue a specific project.
Ahead for Business has worked alongside hundreds of businesses which have grown in many different ways; we have experienced first-hand what works best in different industries, and different business types, and ensure that you can learn from our experience.
Your accounting systems and processes may also need to change as you grow – we are well placed to assist you to improve your systems, support you with additional bookkeeping support, and assist with moving your financials to the cloud if appropriate for your business.
As your tax accountant, we will ensure that the adjustments to your systems and procedures implement the correct and most beneficial tax structure as you grow.
Contractors vs Employees
We can assist in deciding whether to employ people or use contractors, again assisting you with the impact on cashflow, risk, and tax consequences.
We can also advise you if you’re moving into different customer sectors, requiring new staffing, or looking to trade or relocate inter-state, potentially requiring tailoring of your financial reporting systems and tax obligations.