Business Services

Please click on the section of the diagram below you wish to know more about.

Business Establishment

Are you new to business?

At Carrick Aland we can make the sometimes daunting task of starting a business, seem easy. We have detailed checklists available that will assist you to work through the establishment process and ensure everything is done right, the first time. Of course, we are there to help you at every step.

When you are starting your business one of the most important decisions you make is your choice of trading structure. The most appropriate structure for your business will depend on your circumstances and what you want to achieve. There are many things to consider, including:

  • Protecting your business and non business assets,
  • Minimising income tax and other indirect taxes,
  • The type of industry you are working in,
  • The planned size and growth of your business,
  • How you want to get money out of the business, and
  • Your overall financial plan.

Appropriate structuring is not only something new businesses need to consider. As businesses grow and change it is sometime necessary to change the trading structure of your business to meet your current circumstances. Reviewing our client’s legal structure and making sure it is relevant to our client’s circumstances is something we do every year at Carrick Aland.

At Carrick Aland we have been assisting clients structure their businesses in the most effective way for over 60 years. We have the experience to weigh up all the options and recommend the most appropriate for you.

Carrick Aland… Considered. Strategic. Personal

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Business Planning

How will your business grow in the next twelve months?

In all forms of business, it is essential to have a good understanding of where your business is heading. At Carrick Aland we believe business planning is an everyday, every week, every month, every year event that will change with you and your business. For that reason, the business plan should not be a detailed, long winded and complicated document that never gets out of the top draw of your desk. Rather, we believe that the plan should be short (preferably one page), practical and above all identify the key projects that will help you achieve your goals. The overall process is as below:

  • Identify your individual (non business) goals & aspirations
  • Assess your business
  • Decide what the business needs to be
  • Identify Key Projects
  • Work on Key projects
  • Review your progress

Of course, this planning process is supported by other planning items such as budgets, marketing plans, people plans, etc.

Carrick Aland… Considered. Strategic. Personal

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Accounting Review & Monitoring

Accurate financial reporting, leading to better financial management, is an essential feature of any successful business. At Carrick Aland we can assist you to prepare financial statements and other financial reporting documents that are tailored to your individual business and circumstances. Financial statements are not only necessary for your income tax, but are essential when dealing with banks and lending institutions and for regular monitoring of your performance.

Some of the accounting services we offer include:

  • Financial Statements and Financial Reporting - in compliance with relevant accounting standards
  • Management Accounting / Management Reporting - systems and reporting tailored to your business and requirements
  • Budgeting and Forecasting - both on an annual and project basis if required
  • Bookkeeping - simple cost effective solutions tailored to your business
  • Accounting software advice and assistance - choose the best solution for your business
  • Company Secretarial Services - take the hassle out of ASIC compliance for your company

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Business Advice

In business, every day you make many decisions that influence how your business and your team perform. To make the best decisions, it is essential that you get the right advice; advice that is tailored to your circumstances, and is explained in everyday language. At Carrick Aland our experienced team can assist you in the everyday financial decisions in your business. How do we do that?

  • We take the time during the year to visit your business or farm and get to know you. That way, we are best placed to offer the right advice when needed,
  • We explain things in everyday language that you will understand,
  • We encourage our clients to contact us regularly and get advice before making critical business decisions which can sometimes have unforeseen and far reaching financial, taxation and risk consequences,
  • We are constantly upgrading & maintaining our skills so that we can offer the right advice and stay ahead of changes in the business environment,
  • We run a program of useful and informative client seminars throughout the year for our clients to attend,
  • We share it around. At Carrick Aland our knowledge is not centred around a lucky few, all of our business services team members are highly skilled people who are able to look after you, on the spot, in most circumstances.

That’s why Carrick Aland is Considered. Strategic. Personal…

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Taxation and Compliance

Abraham Lincoln is famously quoted as saying, “there is nothing certain in life, but death and taxes”! Unfortunately, we cannot do anything about death, but we can assist in helping take the pain out of taxation compliance. For over 60 years our firm has been providing taxation services and advice to many businesses and farms across Queensland.

At Carrick Aland we take a 7 step approach to assisting you manage your taxation obligations:

1. Ensure that all the appropriate taxation registrations are in place,

2. Ensure the client is using the most effective tax structure for their circumstances,

3. Ensure the client is aware of their obligations and key dates for lodgement,

4. Assist the client to lodge on time, every time,

5. Keep in constant communication with the client throughout the year,

6. Review taxation outcomes each year before June 30 by offering taxation estimates and minimisation advice as necessary

7. Constantly review the client’s circumstances for changes and improvements

 

As you can see, we have the approach and experience to assist you to properly manage your taxation affairs and can look after you no matter what your circumstances, including:

  • Individuals receiving salary or wages
  • Individuals with rental properties and/or investments
  • Sole Traders
  • Partnerships
  • Trusts
  • Companies
  • Superannuation funds – both Self Managed and Small APRA funds

 

We have experience and expertise in the following taxes:

  • Income Tax
  • Goods and Services Tax (GST) Statements (BAS)
  • Fringe Benefits Tax (FBT)
  • Capital Gains Tax (CGT)
  • Payroll Tax
  • Stamp Duty

For more information and a detailed analysis of your taxation situation, call a team member today.

Carrick Aland. Considered. Strategic. Personal.

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Succession & Sale of Business

You have worked hard, made sacrifices, put in the sweat, blood and tears, now it’s time for a change. Whether you are farmer or in business the questions will likely be the same.

How do I sell the business (or farm)?

Who do I sell to?

How much is my business worth?

My family wants to take over, how do I provide for myself?

At Carrick Aland we can assist you to answer these questions and assist you to get the best outcome for you and your business. There is no one way to approach succession issues in your business, but generally if will involve:

  • Sitting down with you and discussing the issues to find out what your desires and needs are,
  • We will then quantify those needs – what money will you need?
  • Assess the current situation – farm/business/investments
  • Value the business if necessary
  • Identify gaps between what you have and what you need and identify things that you can do to close the gap
  • Assess that taxation implications
  • Assist with financial planning options
  • Formulate a plan
  • Implement the plan
  • Review progress

Over the years we have assisted many people to sell their business and farm and provide for a retirement that they wanted. We can assist you to do the same.

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Cloud Based Business Programs

Ask us how these cloud based programs can help your business!

Xero

Shopify

ServiceM8

Receipt Bank

Vend

QuickBooks

MYOB PayDirect

Kounta

Farming on the Front Foot (Figured)