Estate planning is an area which all business owners should set aside some time for. It is more than just having a will or making a plan on who to distribute your assets to. Certain aspects such as tax effective strategies should also be taken into consideration. We work in conjunction with specalised lawyers to create wills and trusts, implement asset protection strategies and plan for tax to ensure that you prepared in any event.
What do you when you’re at the point to hand over the reins? Succession planning can be a significant issue as many business owners leave exit planning too late. This could have negative impacts on taxation, risk and personal relationships. It is important to sit down and devise a strategy or plan on whether you want to sell up, retire, or hand over to a family member or existing staff. We can help you devise a succession plan and guide you to make the right decisions
Business valuations is a specialised area in accounting. Most business owners would not have any idea on how much their business is worth. There are several reasons why a business owner should have their business valued, some reasons include seeking finance, planning to sell, or taking on a new partner/investor. We can assist in providing you a third party independent valuation.
Why New Wave?
Every week we take on new clients with the same issues:
- I dont understand my structure;
- I think i’m paying too much tax;
- I never hear from my accountant;
- I scared to call my accountant being they charge me for every call.
We believe that today’s client are looking for a solution that is more than just tax advice. We also believe that with the available technology such as Xero and Quickbooks Online accountants can deliver higher value services that impact on profitability and growth instead of focusing on historical figures. The team at New Wave have designed a service that not only focuses on minimising tax but also looks at the business and the owner as a whole to ensure that goals are met.