BUSINESS ADVISORY
What You Need
Modern business requires up-to-date, accurate financial information. We can relieve you and your staff of the enormous burden of all your bookkeeping and accounting needs, including preparation of your annual accounts and periodic management accounts for tax, business appraisal, and planning purposes.
We will discuss your requirements with you and provide information relevant to your particular situation, as well as constructive advice, on a regular basis.
If you have a good idea for a new business venture but don't have expertise in the legal or financial aspects of creating a new business, we can help you:
Decide on the most suitable structure for your business - Sole trader, partnership, or limited company
Prepare a business plan, cash flow projections, budgets, and trading forecasts
Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
Establish a good working relationship with your bank
Register for an Australian Business Number with the ATO
Complete registration procedures with the Australian Securities and Investments Commission
Deal with company secretarial issues
Set up a recording system for your internal use and for complying with statutory requirements
Let us help you turn your business idea into a reality!
SOFTWARE SOLUTIONS
Let us help you make the right choice of accounting software. A decent accounting system will help you keep track of your cash flow and let you complete GST returns easily.
Choosing the right system for your business can be difficult. After all, there are over sixty accounting packages available in Australia. Here at Infinity Advisory & Planning we invest considerable resources into ongoing staff training to ensure we can recommend the best accounting solution for your business.
We are also Myob Certified Consultants, Accomplish Cashmanager Business Partner and SageOne Certified Advisers.
PAYROLL SERVICES
Administering your payroll can be time-consuming and divert you from your core business activities. Added to this, payroll and employment legislation are growing increasingly complex.
We can relieve you of this burden by providing a comprehensive, confidential payroll service that includes:
Customised payslips
Administration of PAYG, statutory sick pay, and annual leave
ATO filing
Summaries and analyses of staff costs
Administration of incentive schemes, bonuses, and termination payments
Even if you only have a few employees, you will save by engaging us to administer your payroll.
OFFICE DUTIES
Here at Infinity Advisory & Planning Pty Ltd we understand that day-to-day office duties are not everyone's cup of tea and are happy to help out with some or all of the following services:
Processing wages
Paying creditors and processing payments
Collecting and banking debts
Various secretarial tasks
BENCHMARKING
Have you ever wondered how your business performs compared to your competitors? What is their average bottom line? Are you spending enough on advertising? Are you paying too much rent? Are your staff costs too high? Surviving in today's business climate requires you to spend more time working on your business than in it. We can provide you with accurate, timely, informative benchmarking reports that enable you to:
See how your business compares to your competitors
Understand more about how the rest of your industry works
Analyse the key performance indicators in your industry
Equipped with this information, we'll work with you to develop action strategies that improve your bottom line.
BUDGETING
A good budget is a necessity in a good business plan. It is one of the best business tools you can have, enabling you to set financial targets and measure your performance.
In addition to goal-setting value, budgets will often improve your chances of acquiring funding. Financiers often require budgets as a prerequisite for funding approval.
The techniques we utilise to form financial projections enable you to consider future scenarios and provide you with goals to strive for in your business. There are many types of budgets. We can help you design the right budget for your requirements.
Let us show you how a budget can provide feedback that helps you prepare for the future of your business!
CASH FLOW FORECASTING
Are you holding too much inventory? Is this the right time to expand your business? Are you going to have enough cash to pay all your expenses every month? Surviving in today's business climate requires you to spend more time working on your business than in it.
We can provide you with accurate, timely, informative cash flow forecasting reports that enable you to:
Realise and understand when cash is available
Plan and prepare for expansion, stock control, and taxes
Analyse and anticipate key expenses
Equipped with this information, we'll work with you to develop action strategies that improve your bottom line.
STRATEGIC PLANNING
The pressures of daily business can often mean strategic planning takes a back seat, but to have a successful business it is vital to plan ahead. We'll help you develop a strategic plan that examines where you want your business to be in the next 3-5 years and exactly how you and your team can achieve these aims and objectives.
Your strategic plan will:
Define the characteristics of your company in three to five years
Identify your competitors
Define your objectives and financial goals
Include an effective implementation strategy to achieve your goals
