%20(1).png?quality=low&width=180&height=130&name=Coleman%20Advisory%20Logo%20(5)%20(1).png "Coleman Advisory Logo")
%20(1).png?width=180&height=130&name=Coleman%20Advisory%20Logo%20(5)%20(1).png "Coleman Advisory Logo")
2 min read
Plain English guide to profit and loss
Here's our Plain English guide to profit and loss and what this report reveals about your finances.
Property Development Accountant
Property Development Made Simple.
Need a Business Advisor?
Are you growing your business? Our business advisors can ensure your venture grows without any hurdles. We can create a business plan based on your unique business goals and then give strategic business advice around this plan. Did you know 82% of small businesses fail due to poor cash flow? This means that even if you're profitable, poor cash flow management can be a threat. We offer cash flow forecasting and can give strategies that has helped countless businesses to fix and prevent cash flow issues. As an accountant, we offer financial reporting in the form of financial statements. We also offer financial awareness coaching under this which can help you understand these reports and make the best decisions to drive your business growth. We also encourage and recommend having quarterly meetings with your business advisor to restructure goals, come up with solutions to issues, internally and externally and keep you accountable.
GST and Taxation Navigation
Navigating the complex realm of tax laws can be a daunting task, especially for property developers. That's where Coleman Advisory's team of skilled tax accountants comes in.
With our in-depth understanding of goods and services tax (GST) and capital gains tax concessions and general taxation laws such as land tax and stamp duty tax related to property development, we can ensure your income tax return is maximised.
From ensuring compliance with tax regulations to identifying legitimate deductions, our expertise is essential. We have a thorough knowledge of the intricacies of property development taxation as well as expertise in various accounting software. We can provide tailored solutions that help clients minimise tax liabilities while staying within compliance of tax regulations.
Our accountants have countless experiences with property development GST and tax minimisation, so we can help you in ways other accountants can't.
Business Structure
When it comes to developed properties, having the right business structure can make all the difference, and that's where Coleman Advisory's expert accountants step in. We understand that the proper structure can have a profound impact on taxes and income. While other accountants may lack the necessary experience or knowledge, our team at Coleman Advisory is well-versed in setting up the ideal structure tailored to your specific needs.
We go beyond just crunching numbers; we take the time to analyse your business and financial goals to determine the best structure that will help you maximise profits and minimize income tax. With our guidance, you can ensure that your business is structured in a way that optimises tax benefits, allowing you to retain more of your hard-earned income.
By leveraging our expertise in business structuring, Coleman Advisory's accountants are your key to unlocking the best strategies to lower your income tax and achieve financial success in the competitive property development landscape.
Do you need finance for your business?
Darcy, our finance broker has a background in business accounting. This brings a unique advantage when it comes to helping businesses secure asset finance. With a deep understanding of business accounting principles, Darcy can effectively curate financial statements, balance sheets, and cash flow projections to assess a company's financial health and determine its eligibility for finance. His expertise allows him to identify the most suitable lenders and financing options tailored to the specific needs of the business. Darcy's knowledge of business accounting enables him to guide clients through the application process, ensuring all necessary documentation and financial information is prepared accurately and professionally for lenders. By leveraging his expertise in both mortgage brokering and business accounting, Darcy maximises the chances of businesses successfully obtaining finance to secure as much money as possible for their current financial position.
