Buying or Selling a Business
Buying a business can be very exciting, we can help bring clarity and transparency to the transaction.
Whether you are buying or selling a business, you will need an accountant to help you understand the transaction's value, tax implications and calculation of any continuation of employee liabilities.
Balance123 have considerable experience with business sales, and are familiar with all the steps that make up a business sale transaction successful for both parties.
Whether you are buying or selling a business, it is important to have an accountant review the sale contract, consider the implications on GST, capital gains tax, leases and so on. We will make sure you are aware of all the financial implications in the agreement, and advise you the best ways to reduce risk and maximise the net proceeds from the sale.
If you are buying or selling a business and need an experienced accounting team for the process, contact us for a fixed fee quote via the form on this page or by calling 0403 996 957.
We are here to help, if you have a question or would like to meet over a coffee or Zoom - send us a message!
We can help you with:
Valuing the business
Setting up a new Company or Trust
Calculating employee leave balances
Registration for GST and PAYG Withholding
Explain the tax concessions available
Calculate the tax payable on the sale
Help you reduce the tax payable on the sale
Help maximising the tax benefits for the buyer
Helping you transition post sale of the business