Our Services

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Benchmarking

Have you ever wondered how your business performs compared to your competitors? What is their average bottom line? Are you spending enough on advertising? Are you paying too much rent? Are your staff costs too high?

Surviving in today’s business climate requires you to spend more time working on your business than in it.

We can provide you with accurate, timely, informative benchmarking reports that enable you to:

  • See how your business compares to your competitors.
  • Understand more about how the rest of your industry works.
  • Analyse the key performance indicators of your business to compare to those of your industry.

Equipped with this information, we’ll work with you to develop action strategies that improve your bottom line.

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Bookkeeping

A successful modern business requires up-to-date and accurate financial information. We can relieve you and your staff of the enormous burden of all your bookkeeping and accounting needs, including preparation of your annual accounts and periodic management accounts for tax, business appraisal, and planning purposes. We would like you to have more time for your business, for yourself and your family.

Our professional bookkeepers will maintain your books up to date to enable us to provide you relevant information and constructive advice on a regular basis.

We can assist you with:

  • Preparation of your business activity statements on a regular basis
  • Cloud-based software implementation and training
  • Bookkeeping support services
  • Ongoing support
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Budgeting

A good budget is a necessity in a good business plan. It is one of the best business tools you can have, enabling you to set financial targets and measure your performance.

In addition to goal-setting value, budgets will often improve your chances of acquiring funding. Financiers often require budgets as a prerequisite for funding approval.

We use techniques to form financial projections to enable you to consider future scenarios and provide you with goals to strive for in your business. There are many types of budgets. We can help you design the right budget for your requirements.

Let us show you how a budget can provide feedback that helps you prepare for the future of your business!

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Business Start-up

If you have a good idea for a new business venture but don't have expertise in the legal or financial aspects of creating a new business, we can help you:

  • Decide on the most suitable structure for your business – Sole trader, partnership, limited company or trust (either family trust or unit trust)
  • Prepare a business plan, cash flow projections, budgets, and trading forecasts
  • Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals and where appropriate direct you to potential government grants
  • Establish good working relationship with your bank
  • Register for a Tax File Number and Australian Business Number
  • Complete registration procedures with the Australian Securities and Investments Commission
  • Deal with company secretarial issues
  • Set up a recording system for your internal use and for complying with statutory requirements

Let us help you turn your business idea into a reality!

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Financing/Pre-lending Assessment

A wide range of financing options exist each with their pros and cons. At CWM Accounting we know the financial market and have the experience to assist you in securing the best financing option for your personal and business goals. We can assist you in planning for your lending needs in order to increase your chances of a successful finance application.

Let our experienced team explore the best financing options with you to get your business closer to its goals!

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Business Growth Planning

Our aim is to ensure your business achieves its maximum potential.

We can provide you pro-active guidance on your business performance by monitoring your business’s 7 key drivers:

  • Gross sales
  • Gross profit
  • Overhead cost control
  • Net Profit
  • Inventory
  • Debtors
  • Creditors

Incorporating monitoring of key performance indicators (KPIs) to ensure that your business is on track and as competitive, focused and profitable as it can be.

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Asset Protection

A multitude of risks exist in today’s business environment. We can assist you in assessing the risks and suggest strategies to minimise those risks to enable you to protect the value of your business and help you achieve your financial goals.

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Estate Planning

As unpleasant as the task may seem, estate planning is one of the necessities of life. Knowing your hard-earned assets will be dealt with according to your wishes when you pass on provides peace of mind.

We can assist your estate administrator by attending to the regulatory requirements of the administration of your estate.

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Succession Planning

To ensure the long-term success of your business, it is critical to establish a well-designed succession plan. Coordinating the transition of your business to your successors can be an arduous process. However, with our years of experience we can address the complex issues of business continuation, removing the stress from your shoulders.

Contact us for more information on forming a plan that facilitates a hassle-free continuation of your business.

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Self-Managed Superannuation Funds

There are several trust laws and legislative requirements for setting up a self-managed superannuation fund (SMSF). Typically you need to:

  • Obtain a trust deed
  • Appoint trustees
  • Sign a trustee declaration (NAT 71089)
  • Elect to become a regulated fund
  • Obtain a tax file number (TFN)
  • Obtain an Australian business number (ABN)

At CWM Accounting, we provide the professional advice you need to set up your own fund and greatly simplify the process for you.

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Advisory (CFO) Services

We believe every business owner can benefit from having a CFO. Meeting with you on a regular basis to review financial performance and assist with improving your business.

We offer a range of packages suitable for all business sizes. We assess your current needs to determine which level package is most appropriate to you:

Level 1: All of our packages include quarterly check-ins on your goals and your progress. We’ll help you understand where you stand financially and where you can improve. We want to hear about your challenges, what keeps you up at night. We would like to help you tackle them. We’re also here for any question you can throw at us: try us.

Level 2: If you have included accounting services in your package, we’ll be reaching out quarterly for your goals meeting. We’ll dig deeper into your financials to look for areas of improvement and opportunity. We can show you a how making some minor changes to some key drivers can greatly impact your business performance.

Level 3: We have a proven method for strategy development. We’ll show you the same system we use here at CWM Accounting to grow your business with intention. We’ll meet annually for our strategy session, set quarterly priorities and check-in monthly to keep you moving towards your ultimate goal: building the business of your dreams.

Your success is our focus, we’re here to assist you.

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Taxation Services

At CWM Accounting we offer a full range of taxation services. We offer advice based on proven knowledge and experience. Our proactive approach ensures we deliver consistent service and build solid relationships that stand the test of time.

Taxation can be a major cost to your business. We will work with you to minimise your tax and help you achieve your key objectives. We provide a complete service of assistance and advice in each of these areas:

  • Preparing activity statements and advice on tax payments
  • Prepare a business plan, cash flow projections, budgets, and trading forecasts
  • GST/FBT obligations
  • Advice on, and implementation of, tax effective trust structures for asset protection and tax minimisation
  • Managing any ATO audits or disputes
Let’s Help You

Taxation Services

At CWM Accounting we offer a full range of taxation services. We offer advice based on proven knowledge and experience. Our proactive approach ensures we deliver consistent service and build solid relationships that stand the test of time.

Taxation can be a major cost to your business. We will work with you to minimise your tax and help you achieve your key objectives. We provide a complete service of assistance and advice in each of these areas:

  • Preparing activity statements and advice on tax payments
  • GST/FBT obligations
  • Advice on, and implementation of, tax effective trust structures for asset protection and tax minimisation
  • Managing any ATO audits or disputes
Let’s Help You