Small to Medium Enterprises (SMEs) are one of the major driving forces of the economy. There are over two million SMEs in Australia, employing over 70% of the total workforce. If you are the owner of an SME you are part of the financial backbone of Australia, which brings with it a lot of opportunity that can be capitalised on.
There are many ways that business owners, entrepreneurs and high-net-worth individuals can grow their wealth, but there are many responsibilities to consider. By teaming up with Financial Framework you will have access to the most effective and current financial advice for SMEs. With smart planning, based on quality advice, you will be able to build, manage and grow your business, right up to the day you decide to leave. We'll be there for you every step of the way.
The Australian tax system is complex, but with the right advice there are many opportunities for small businesses to take advantage of. Regulation and taxation can be an impediment to SMEs. It is important to know what your rights are, what your tax and compliance obligations are, what small business concessions are available, and what plan you should put in place for superannuation. Your Financial Framework adviser will assist you to reach the best possible tax position.
Most of the business owners who have come to us for help were too busy to give their business' finances the attention they required, which was costing them a lot of money and weakening their tax position. There's no need for you to shoulder the responsibilities of a CFO on top of everything else... Financial Framework provide everything you need to ensure your business' financial health.
We can audit your business to properly outline your key strengths and areas for improvement. We will examine profitability, cash flow and budgeting - supplying you with a business plan that maximises your value, improves your tax position, and allows for growth.
Setting up a successful new business requires planning and strategy, followed by a seamless roll-out. Financial Framework can help with setting up a new business, offering expert advice on areas of importance such as financing your business, budgeting for premises (buying or leasing), debt and debt refinancing. We can benchmark your business against other businesses to see where you stand against your competitors – using the information to help you build and manage the most competitive, most successful business possible.
If you are planning to sell or exit your business, Financial Framework can help you to maximise the returns you will get on leaving. We can assist with the planning and the sale of owner-managed business – auditing and de-risking the business so as to assess, then optimise, its financial value. Your Financial Framework adviser can also help make business succession planning painless and profitable. Please read our Business Succession Planning page for more information, then contact Financial Framework to find out how we can help you.