Accounting & Business Advisory
In addition to the preparation of financial statements for annual reporting, BSM also prepares ad hoc financial statements required for other purposes, such as bank covenant obligations, financing requirements, or business sale due diligence.
BSM adds value to your business by providing business advisory services. BSM helps you grow your business, maximise efficiencies and achieve your goals.
Business Structuring
It is advisable to set up your business in the correct structure, be it a company, trust, partnership or sole trader.
Having to restructure a business down the track can be time-consuming and costly. The correct business structure from the start will provide you with appropriate asset protection, tax-effective profit repatriation, room for growth, and value for cost.
BSM takes into account your personal and business circumstances and aspirations, and provides advice on the most suitable structure for your needs.
We also work closely with trusted solicitors to prepare legal documentation such as trust deeds, partnership agreements and shareholder agreements.
Succession Planning & Exit Strategy
Your business is often one of your biggest, if not your biggest, asset. Many people fail to protect the asset for future occurrences – leaving or selling the business due to illness, retiring, or handing over the business to future generations.
It is never too early to set in place a plan, as the plan often involves setting up structures for future transfer of assets, or progressive transfers to minimise the tax impact.
Accounting Software
We work with all leading accounting software providers in the market, including:
- MYOB
- Xero
- Reckon
- Cashflow Manager
- Class Super
- BGL CAS
Working with multiple providers allows BSM to recommend the most appropriate accounting solution, be it desktop or cloud based, for you or your business.
Via our accreditation with these providers, you will also receive a discount on your subscriptions, compared to if you subscribed directly with them.
