There are a number of different business structures available, including sole traders, partnerships, corporations, and trusts.
Among the foundations of a successful business are a tax structure and accounting software, adequate and appropriate insurances, as well as a marketing plan and a lead generation website.
Business structure advice always takes into consideration:
- Minimizing income taxes
- Ensure maximum asset protection
- Allow the admission of new business partners or investors
- Make sure you comply with all legal requirements in your industry
- Your Industry's Risk Profile
- Discounted capital gains tax concessions may be available in the future
With mentoring a number of business owners through their start-up phase, we have built a reputation as business start-up specialists for plumbers. When starting a plumbing business or buying an existing one, there are numerous factors to consider. The preparation of a business plan, marketing plan, and cash flow budget can be a maze of issues, but as accountants and business advisors we can help you in all of these areas.
By identifying the key profit drivers in your business, we will assist you in growing your business. Our team can provide you with a number of profit improvement strategies and even quantify the potential for profit improvement in your business. You don't want to leave any profit or tax savings on the table so we make sure you know your numbers.
There are many challenges in the plumbing industry, but it can be very rewarding as well. Businesses must budget, plan, and monitor their performance. Building your business and growing your wealth is our goal and we understand the pitfalls associated with plumbing.
As a result, we strive to provide practical, timely, and cost-effective advice to help you achieve your goals.
Thank you for reading!
Should you have any queries in regards to the above please contact our office on (03) 9728 1448
The TAS Team
3/653 Mountain Highway, Bayswater VIC 3153
The information contained in this publication is for general information purposes only, professional advice should be obtained before acting on any information contained herein. The receiver of this document accepts that this publication may only be distributed for the purposes previously stipulated and agreed upon at subscription. Neither the publishers nor the distributors can accept any responsibility for loss occasioned to any person as a result of action taken or refrained from in consequence of the contents of this publication.