Providing Business Services in Emerald
Helping Your Business Grow & Thrive
At Peter Maundrell & Company, we are business advisory specialists offering tailored plans and services to help you improve your performance, cash flow and growth. Our accountants in Emerald have the knowledge to help you implement practical and achievable strategies, that will enable you to streamline operational activities, increase your financial returns and correct any cash flow issues you may be experiencing.
We’ll individually tailor our business advice and services to suits your needs. Our firm also incorporates the latest software to streamline your financial operations and identify any limitations within your business that could be affecting performance.
Contact us now at (07) 4987 7757 to arrange a consultation. Based in Emerald, we advise businesses throughout the Central Highlands and surrounds, including in Clermont and Springsure.
Comprehensive Financial Planning Support
We help businesses manage cash flow, set financial goals, and structure budgets to maintain stability and plan for growth.
Business Valuations & Strategic Insights
We offer in-depth financial analysis to assess business value, identify strengths, and highlight opportunities for improvement.
Support for Growth & Expansion
We assist with structuring, financial forecasting, and planning to help businesses scale operations and navigate expansion effectively.
Frequently Asked Questions
What factors should be considered when choosing a business structure?
Choosing a business structure depends on factors like tax obligations, liability, operational flexibility, and long-term goals. Sole traders have simple tax reporting but personal liability, while companies offer asset protection but involve more compliance. Partnerships require clear agreements on profit sharing, and trusts provide tax advantages but can be complex to manage. Each structure affects financial obligations, so selecting the right one is essential for business operations.
What is involved in a business valuation?
A business valuation assesses financial performance, assets, liabilities, and market position to determine its worth. Methods include analysing revenue, profitability, and industry benchmarks, as well as considering goodwill and future earnings potential. Factors like customer base, competition, and economic conditions also influence valuation. Understanding business value helps with selling, securing investment, or planning for growth.
What financial records should a business keep for tax and compliance?
Businesses must maintain records of income, expenses, GST, employee wages, and superannuation contributions. Tax invoices, bank statements, and financial reports should be kept for at least five years for compliance purposes. Payroll records, asset purchases, and business activity statements (BAS) are also essential. Keeping organised financial records ensures accurate tax reporting and simplifies audits or regulatory reviews.
How We Support Local Businesses
Running a business comes with financial challenges, and having the right support can make a difference in stability and growth. Our business services in Emerald help with financial planning, structuring, and compliance, allowing businesses to operate more efficiently.
- Stronger Cash Flow Management: Tracking income and expenses helps maintain financial stability and avoid cash shortages.
- Better Tax Compliance & Planning: Keeping up with tax obligations reduces the risk of penalties and ensures businesses maximise deductions.
- Clearer Financial Reporting: Detailed financial statements and performance analysis provide insights for smarter decision-making.
- More Efficient Business Structuring: Choosing the right structure helps manage tax, liability, and operational flexibility.
- Strategic Growth & Expansion Support: Financial forecasting and budgeting assist in planning for sustainable business growth.
Contact Peter Maundrell & Company today to discover how we can support your business with practical financial solutions.