biggg no no
YOU should not hold property, such as a
warehouse in a company as this would
make you lose out on the 50 % cgt
discount.
There are times where a property is best
held in a company. Contact me to discuss
what is ideal in your scenario.
Do you value proactive advice saving you hundreds of thousands and helping you grow business?
Pinnacle Accounting & Advisory we work proactively with clients to help grow their business and minimise their taxes legally.
Reach out for a confidential chat.
Are You Ready for Finance? Here’s What Banks Look For
💡 Did you know? When applying for business finance, banks and finance providers require more than just tax returns! As an accountant, I’ve seen too many businesses miss out on growth opportunities simply because they weren’t prepared. Here's how you can work with your accountant to stay ahead and improve your chances of securing finance.
What Banks and Finance Providers Want to See:
📄 Tax Returns – Lodged and backed by an ATO Notice of Assessment to confirm accuracy.
📊 BAS Statements – Evidence of consistent reporting.
💼 Financial Statements – Balance sheet, profit and loss, and cash flow for comprehensive financial health.
✍️ Letters from Your Accountant – If your tax return isn't lodged, banks may accept a letter outlining your expected final figures.
📘 Business Plans – Include details on directors, market analysis, and 3-way forecasts (cash flow, P&L, balance sheet) with well-reasoned assumptions.
Why Timely Lodgements and Planning Matter
⏰ Submitting your BAS and tax returns on time not only keeps your business compliant but also demonstrates financial discipline to lenders. 📈 Having a clear budget and forecast strengthens your business case, making it easier to secure funding for growth.
How We Can Help
At Pinnacle Accounting & Advisory, we collaborate with experts like Johnny Chen from Ascend Tailored Finance to ensure your financial documents are ready to meet the bank's requirements. 🚀
Together, we:
✅ Create detailed 3-way budgets and forecasts.
✅ Craft compelling business plans.
✅ Ensure your BAS and tax returns are lodged promptly.
Working closely with your accountant can be the key to unlocking finance 🔑 and fuelling your business growth. Let’s get you set up for success! 💼
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Crafting and aligning financial strategies with business goals is crucial for sustained success. By meticulously developing these strategies, businesses can navigate challenges effectively, capitalize on opportunities, and achieve their long-term objectives.
This process involves a deep understanding of financial markets, risk management, and a clear vision of the company's growth trajectory.
Through strategic planning and adaptation, businesses can ensure their financial strategies not only support immediate needs but also pave the way for future resilience and profitability.
Learn more here: 👉 https://bit.ly/3YlbyAQ#PinnacleAccountingandAdvisory#MinaBaselyous#BusinessMentorship#EntrepreneurialJourney
#BusinessInsights#SMARTERGoals #BusinessSuccess
