SITUATION

The client came to ATB Chartered Accountants with high revenue and low profitability. They believed that they weren’t getting enough support from their previous accountant as they were only provided with basic services. Matt required additional advisory services on how to improve the profitability of the business, minimize tax and build a robust business structure for the future growth of the business.

CONSIDERATIONS

The clients business (Constellation Services) and personal goals were considered prior to giving advice. Most business owners are driven by having a successful business and a work-life balance; Matt’s situation was no different. His business structure needed to be assessed, making sure it was appropriate for meeting the goals of the business. The client also required accounting software to help them to manage their business, to allow them to have more control and to assist them in making better businesses decisions. Each client’s goals are different and the advice we provided Matt was designed specifically to meet his business and personal circumstances.

SOLUTION

Matt was looking for an accountant that could provide him with professional advice and a high level of service. Matt’s business structure was incorrect for what he wanted to achieve. ATB Chartered Accountants was able to understand and analyse Matt’s business, providing advice on how to increase profitability, leading to more money in Matt’s pocket. ATB Chartered Accountants was able to achieve this by helping the client restructure their business, setup their accounting software, contribute regular general business advice and basic accounting services.

This article is provided as general information only and does not consider your specific situation, objectives or needs. It does not represent accounting advice upon which any person may act. Implementation and suitability requires a detailed analysis of your specific circumstances.