How does Morris Accounting help its Business Clients?
As a business owner, you are typically concerned about growing the business.
Business Health Check — Let us take a good look at your figures!
Not every client is the same, so neither is the Morris Accounting method of delivery of this service to its clients. Typically, this is performed after the compliance obligations are met for the business, when Nathan and his team are already familiar with the previous year’s figures. From this, and looking forward in the current financial year, a report is prepared for you to determine how the business is tracking. The report also puts forward recommendations for the business and its owners to implement to increase the profitability of the business, and wealth of the business owners.
Tax Compliance — Are you getting the best tax refund from the tax man?
Tax can be one of the biggest costs of your business. Nathan and his team at Morris Accounting have had years of experience in the preparation of individual and business tax returns. Utilising technical skills through study and continual training, as well as practical skills with various clients, Nathan has developed systems and checklists to ensure that all the right questions are asked so that your business is structured correctly to ensure optimal short term and long term taxation consequences are achieved.
Salary Packaging
Salary packaging is not just for employees, it is crucial when you are a business owner and manager! There are numerous tax savings to be made, especially when you:
- are considering purchasing a computer/laptop/PDA/new mobile phone
- are considering salary sacrificing superannuation
- are considering purchasing a new vehicle
- want to ensure that you are paying for expenses in the most tax effective way possible, utiling pre-tax business income where possible
Wealth Creation through tax effective strategies
One of the best ways to create wealth is through the concept of leverage. It is also leverage that also offers great tax breaks in the accumulation of capital growth assets. By leveraging your existing cash balances or cashflow to hold as many capital appreciating assets as you are comfortable with, you will increase your wealth. By letting Morris Accounting help you in choosing the appropriate structure for you, you can do this in a tax effective way. A great example is why pay rent when you could own your own business premises.
Other tax effective investments and Agribusiness
The team at Morris Accounting are familiar with, and use investment strategies, including agribusiness, to assist clients meeting their short and long term investment goals.
Business and management services
Nathan has had extension experience at determining and prioritising the needs of his clients to meet short and long term goals for the clients business. In particular, these normally include the establishment of
- budgeting system, including regular monitoring
- financial analysis system
- management reporting system to link with the above
This system is designed to not be time-consuming, with the benefits of increased knowledge and wealth, far outweighing the little time spent in implementing and maintaining these systems.
Morris Accounting moves on from just looking after your tax and accounting, to ensure that you and the business are structured correctly to grow in wealth. By being pro-active with our clients, we are helping them increase their wealth right now.