The Crucial Timing Aspect Of Restructures
Timing is important, not just from an eligibility perspective, but also in terms of effort. We wouldn’t move houses if we were expecting a baby in the coming week, just as you wouldn’t move your business if you are about to go for one of your biggest tenders. So, it’s about choosing your battles wisely. If you’re considering it, you’ll want to think about it as early as possible and choose a suitable time as well.
From a tax perspective, we typically discuss wrapping up your prior business at the end of a tax period. Financially, it’s great, but sometimes it’s not ideal. At least at the end of a BAS period, too. That way, you’re not dealing with two BASs simultaneously. These small adjustments make things a bit easier and ensure a clean break.
If you’re keen to explore changing accountants, we have a non-obligation process to do that. The first step is booking a strategy call with one of our accounting team. It’s a free 20-minute zoom or phone call where you get to meet us to manage your questions.
From that point, you can consider doing a “Look Under The Hood” with us. There is no obligation to change accountants, but we give you a second opinion if you’re paying too much tax.
Throughout that process, we can identify any problems we see with your current setup. Anything that your current accountant hasn’t claimed, or tax you may have overpaid, and strategies of how we might fix that going forward. We can run through with you once you book with us.
Get Cashed Up
