Accounting & Tax
Business Structuring

Starting, owning, and operating a business brings many challenges, opportunities and surprises. With the right business structure, however, you can be assured that you’re ready for whatever business and life throws at you.

While choosing to be a sole trader, partnership, company or trust may seem simple, each structure carries different tax consequences, reporting obligations, personal liabilities and more. So, it’s important to have the right structure now and for the future.

Whether you’re a new business or an established business looking to restructure, at Eagle 1 Accountants, we provide business structuring services to optimise your circumstances and establish your foundation for success.

Business Structuring Benefits

Determining what entity structure or entity combination is right for you is a process of balancing and maximising four key benefits:

Tax minimisation

There are different tax implications for each business structure. Choosing the right structure ensures you best minimise your tax obligation.

Asset protection

Each entity type can put different risks on your personal wealth. Gain peace of mind by having the right structure in place to protect your personal assets from your business risks.

Succession planning

When it comes time that you want to pass on or sell your business, having the right structure will be critical for minimising your capital gains tax (CGT), Stamp duty and GST.

Limited liability

Operating under a corporate veil gives you limited liability, allowing you to abandon any company debts if your business becomes insolvent.

How Eagle 1 Can Help

As your business grows, your business structure needs to evolve with it. At Eagle 1, we take the time to get to know you and your business, ensuring you always have the best business structure to achieve your goals.

Our team has a wealth of experience, helping you optimise your tax position, protect your personal assets and mitigate much of the risks associated with starting and running a business.

Accounting & Tax
Key Performance Indicator Reporting

Key performance indicators (KPIs) are some of the most valuable pieces of information you’ll find in a company. Put simply, KPIs are a measurable metric that tell a story of how your business is performing against its key objectives.

These are figures like gross profit percentage, wage percentage to turnover and inventory turnover. Just off these basic numbers, we can tell a lot about how your business is operating and what needs to be adjusted. So, let’s get them integrated into your business!

At Eagle 1, we will work alongside you to help you establish and understand the KPIs you need to guide your business in the right direction. With the use of these KPIs, you will better understand the performance and health of your business, helping you achieve your goals, improve your cashflow and grow your profitability.

KPI Reporting Benefits

KPI Reporting is not just helpful for understanding the health and performance of your business. KPIs can also help you achieve a range of other business goals, including:

Boosting employee engagement

KPIs can be used to set clear and measurable targets for which employees to aim at. This gives them real-time feedback, encouraging them to work hard to achieve their individual and organisational goals.

Refining your business strategy

KPIs give factual and specific insight to what’s working in your business and which parts need to be re-evaluated. With this, you’ll be able to find the inefficiencies in your business, start fixing them and improve your business’s performance.

How Eagle 1 Can Help

It’s one thing to have KPIs integrated into your business. It’s another to know which ones to use and how to turn them into actionable insights for growth and improvement.

That’s where Eagle 1 comes in. We have an experienced team of accountants who will take the time to develop effective KPIs for your unique business and ensure you understand how to interpret them for company growth.

Accounting & Tax
Tax Forecasting & Planning

Taxes often create fear, confusion and unwelcome surprises without the right support and communication from your accountant. At Eagle 1, we are dedicated to helping you get ahead of your taxes and minimise your tax obligations with proactive tax forecasting and planning.

At Eagle 1 we work with you throughout the year— taking the time to understand your business and guide you with clear and effective tax planning strategies. This gives clients a calculated expectation of their taxable profit for the year which allows us to tailor strategies and provide options on how we can achieve the best possible tax outcome for them on a regular and consistent basis.

We understand that the legislative environment and tax compliance responsibilities are complex and ever-changing. We make it our job to stay acquainted with the latest regulation changes, allowing you to focus solely on the growth of your business.

Tax Planning Benefits

Tax planning and forecasting is not just helpful for reducing your yearly tax bill, it also allows you to visualise a snapshot of your tax payments in the coming 12 months, which brings your business a raft of benefits:

Enabling future growth
Knowing how much tax you’ll pay in advance enables you to make informed financial decisions and strategic business investments, helping you build your business for the future.
Giving peace of mind
Having an effective tax strategy in place saves you time throughout the year, and even more so when tax season rolls around. Now you can stop worrying about your tax affairs and concentrate on growing your business.

How Eagle 1 Can Help

Tax planning and forecasting is not tax evasion. Instead, the aim is to legally reduce your tax obligation by applying the most appropriate tax strategies.

Each year prior to June 30, our reliable team of Gold Coast accountants will sit down with you and create a tax plan that is tailored to your specific needs and ensures your tax obligation is minimised.

We explain our ideas and the complexities of the tax landscape in straightforward language, removing the layers of uncertainty so you feel comfortable and confident in the plans we establish together.

Throughout your journey as a business owner we will work with you to better develop your understanding of all tax and accounting matters, removing the stress and fear of the unknown.

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