Business ADVICE

Business Advice is a tailor made service where we analyse your businesses current financial performance, and recommend and advise you on strategies to help take your business to the next level.

For more information on Business Advice

TAX & ACCOUNTING

We provide tailor made solutions to take care of the your tax and accounting needs. We can take care of all of your compliance issues including Business Activity Statement, taxation and financial statement preparation.

To see our services click here.

questions

Why doesn't my accountant offer me business advisory services?

Most accountants today are very reactive, rather than being proactive. Running a business is like driving a car you don't spend all of your time looking backwards, you spend the majority of your time looking forward.

Why Leddy's & Associates?

What makes us different:

Innovative holistic accounting & advisory services
We value the importance of a relationship
Xero specialist and training provider
Service culture with a reliable team
Clear and open communication
Tailor made solutions
Proven Results
Pro activity
Authenticity
Expertise

Case Study 1-Complex Taxation

The Situation:

The client had poor advice from another accountant who didn’t understand the implications of a grouped entity and the common traps to look for. The client had a combined turnover of $30 Million and with size comes greater scrutiny and complexity.

The Approach:

By meeting with the client and analysing their current position, the entities under control and the regulation’s that needed to be followed, we were able to ensure the client had a solid foundation moving forward.

The Results:

During the analysis process and discussion we identified a number of key issues that needed resolving. These areas included research and development tax, Fringe Benefits tax and Payroll tax. We guided the client through a payroll audit with the office of state revenue, due to the issue not being identified by the previous accountant, and were able to negotiate the penalties for lack of lodgement from 75% to 25% and establish the payment and lodgement of payroll tax on time moving forward.

Case Study 2 -Savings

The Situation:

The client had been advised by a previous accountant to take fully franked dividends out of his company to fund a development project. This moved the client’s individual tax rate to 46.5c for every dollar, losing him almost half of all funds in tax.

The Approach:

Through careful discussion, we were able to identify the need of the funds and establish agreements to allow the client to fund the project without being double taxed on every dollar taken out upfront. By building a relationship and understanding the needs of the client we are able to help facilitate business decisions that are not only tax effective but good management.

The Results:

The funds were loaned to the development and paid back with interest upon the successful completion of the project. This increased cash flow up front and allowed the client to save $120,000 in the last 2 years, while allowing the development project to move forward.

Case Study 3 Trust and business planning

The Situation:

The client previously moved from accountant to accountant, looking for the right advice and strategies to move her business in the right direction. Constantly being over charged and under serviced, she was very hesitant to trust a new accountant.

The Approach:

By slowly building a relationship and trust we were able to build confidence and suggest a number of different strategies to help move her business in the right direction. The price is not as important as value for money.

The Results:

With continued advice and guidance, the client was able to move from a negative cash flow position with an overdraft to a positive cash flow position. The client was able to take a regular wage from the business for the first time. Through an education process including Xero training we were able to help her understand her business better, regularly reconcile her accounts, give her good usable data to make decisions while knowing her profit and cash position at any given time. With advice she was able to improve her workflow WIP and billing cycle and hire a new staff member to assist her with the growth.