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Professional services

General accounting

In order to succeed in business you must have accurate, timely and correct accounts. You can only have a chance of business survival if you know how you are performing. No amount of advice can help you if it is based on incorrect or old information. TBM Accountants can help you as much as you want. We can attend to your bookkeeping requirements and prepare timely accurate periodic accounts that you can rely on to make your business decisions. You will always know your business performance and Tax liability. These accounts are the basis of your business. If they are old and inaccurate you will make wrong decisions. We can prepare these for you at a inexpensive fixed fee.
Business Start-up
Let us help you turn your business idea into a reality. If you have a good idea for a new business venture but don't have the expertise in the legal or financial aspects of creating a new business we can help you in all the following: Decide on the most suitable structure for your business such as a sole trader, partnership, private company, trust or joint venture. Prepare a business plan, cashflow statement, budgets and trading forecasts. Complete all necessary registrations with the ATO, ASIC and Return to Work SA
Business and Strategic plan
The pressures of daily business can often mean that business and strategic planning take a back seat, but to have a successful business you MUST plan ahead. We'll help you establish a strategic plan that looks at where you want YOUR business to be in the next 3-5 years and how you and your team can achieve these aims and objectives.
Succession Planning
To ensure the long term success of your business it is critical to establish a well designed succession plan. Coordination of the transition of your business to your successors can be an arduous and difficult process. However, with our years of experience we can address the complex issues of business continuation, taking the stress off your shoulders.
PAY THE LEAST AMOUNT OF TAX LEGALLY Taxation can be a major cost to your business. We will work in partnership with you to minimise your tax and help you achieve your key objectives. We provide a complete service of help and advice in all the following areas:
  • Preparation of individual, partnership, company and trust income tax returns.
  • GST, BAS, FBT and CGT advisory
  • Advice on implemenatation of tax effective structures for asset protection and tax minimisation.
  • Management of any ATO Audits or disputes.
When we prepare your accounts we actively study them, prepare performance ratios and proactively look for ways to improve your business and increase your profits.
We don't wait for you to ask. We discuss all proposed actions with you.

Tax services

At TBM Accountants we know all our customers personally and truly care about what happens to them. We are available whenever you need us and are very cutting-edge in our taxation knowledge. With very clever people who are able to think beyond your balance sheet to minimise the tax you pay legally and to also develop and grow your business into something you can sell for profit, or pass on to family members proudly.
Tax Returns
We prepare tax returns for all entities including individuals, Partnerships, Companies, Trusts and SMSF's.

Asset Protection

Effective asset protection is all about structure, the combination of entities you use to conduct your business affairs. Get it wrong and you will not only pay more tax than you need to but you will expose your personal assets to business failure, takeovers and business legal disputes or negligence. It is not complicated.We make it easy and give you the right advice. TBM Accountants are very good at getting structures right and explaining them to you.
BAS and FBT returns
We can prepare your monthly or quarterly BAS returns, and in conjunction with our fixed fees this becomes a good time to review your business.

Selling a business

Sometimes succession planning involves the selling of your business. Selling a business can be difficult, stressful and sometimes disheartening. The tasks and negotiations involved can be arduous. TBM Accountants can help relieve that stress for you. We can help you systematise the business so it can run without you and assist you in maximising the price. We can assist with negotiations with agents and potential purchasers. We will ensure that you qualify for all the small business tax concessions on the sale.
Capital gains tax
We can advise on the tax consequences on the sale of your investment and how to structure your investments to make use of any CGT and small business concessions.

Property Development

TBM Accountants have extensive experience in property development. We can advise you on how to effectively structure your property development business, when to utilise the margin scheme and ensure that the transaction is treated properly and the correct GST and tax is paid.

Business expenses

We analyse all your business expenses to ensure that they are properly deducted and assist you in planning when and how to undertake large expenditure.
Investment/Rental Property
At TBM Accountants we have the necessary expertise to assist in a variety of areas in relation to residential and commercial property. Our services include:
  • Advice on structuring the purchase of the property
  • Review of lease agreement and negotiations with agents.
  • Advice on funding
  • Guidance on tax minimisation

Business advice

Business Health Check
All smart business owners continually check their performance. Just like people, businesses can be unwell or not performing as they should be. The longer it is unchecked the more money you lose. You must run regular health checks on your business performance. TBM Accountants can run a number of checks and can further investigate if something is wrong. We can advise you how to fix it and work with you to ensure it doesn't return.

Family Business Advice

Businesses owned and run by family members can be tricky as they involve personal as well as business relationships. Personal feelings can cloud normal business and professional judgement. TBM Accountants can not only structure affairs properly but assist the business to capitalise on and profit from strengths within the family in a way that benefits all family members involved in the business. Family businesses have special needs in the following areas and we advise in all of them.
  • Planning for succession - who will take over?
  • Remuneration planning - What should everyone be paid?
  • Estate planning
  • Retirement planning
  • Involving family members in the business
  • Strategic planning
  • Conflict resolution

Profit Improvement

Owners of strong businesses focus on the numbers and who better than your accountant to help you with your numbers. Small business owners that make good profits know;
  • Which products/services make good profit
  • Gross profit margin
  • Productivity of employees
  • Which jobs they made money on
  • Which jobs lost money and why
  • Customer retention and return rates
  • Which are your profitable customers
  • Which customers you don't want
  • KPI's for your business
  • Their "break-even" point
  • Average stock days
  • Average debtor days
  • Average number of days it takes to make, sell a product and then get paid for it
  • Forecast trends that could affect the business
  • After everything has been paid what is left
  • The amount of Tax due (GST/PAYG, etc) and if they can pay on time
TBM Accountants help our customers to know the answers to these questions all the time, giving advice and a helping hand whenever our customers need it.

There are only four ways to grow your business. Ask us how we can help you implement them.

Business Profit

Be where you want to be. The goal of every commercial business should be to make a profit. How that profit is spent is your choice. The foundations of your business, such as the product and service you are offering, how you produce it, market and sell it are up to you. What a good Accountant can help you with is:
  • Increasing the amount of profit your business makes.
  • Paying less tax and keeping as much of that profit for you to distribute as you choose.
  • Having good systems in place so your business can run without you being chained there.
We must measure so that we can manage. Numbers play a very important role in everyday business. Who is better with numbers than accountants? TBM Accountants' team work with you and are here to help you. We will help you develop strategies and systems to build and grow your business. A successful business is always growing, building and transforming with the times and a good accountant helps you do this. TBM Accountants are good accountants to help you.

And it’s all just one phone call away:

08 7231 6050
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