Thinking about selling
Retirement is on the horizon and you want to know what the business is worth and how to keep more of the sale price.
Business valuation and advisory, Byron Bay
Know what your business is worth,and plan what comes next.
Business valuations, benchmarking and plain-English advice for owners planning to grow, bring in a partner or sell, from accountants who’ve known Northern Rivers businesses for forty years.
Who this is for
Owners usually call us at one of these points.
Buying in or buying out
A partner is leaving or joining and you need a fair, defensible value.
Wanting better numbers
Sales are fine but profit isn’t, and you want to know how you compare with similar businesses.
A family or estate matter
A valuation is needed for a restructure, a family law settlement or an estate.
What we look after
Advice that starts with your numbers.
Business valuations
A clear valuation based on maintainable earnings, assets and the risks a buyer would see, with the reasoning set out so you can use it in negotiations.
For sales, buy-ins, restructures and family matters.Benchmarking and financial reporting
Your margins, costs and wages compared with similar businesses, and management reports that show how the business is actually tracking.
For owners who want to know their numbers monthly, not annually.Planning a sale
A plan to lift the value before you sell: tidier accounts, less dependence on you, and the structure needed for the small business CGT concessions.
Start two to three years out if you can.Small business CGT concessions
We check whether you qualify and apply the 15-year exemption, 50% active asset reduction, retirement exemption or rollover, which can greatly reduce tax on a sale.
For owners selling an active business or its premises.Budgets and finance applications
Cash flow forecasts, budgets and the financial statements banks ask for when you’re borrowing.
For businesses approaching a loan or a big purchase.Why TNR
Advice from people who’ve seen your industry before.
We’ve worked with Northern Rivers businesses since 1985, through good years and hard ones. That history means we can tell you what’s normal for a business like yours, and what isn’t.
Because we also prepare your accounts and tax, the advice joins up: a valuation that fits the structure, a sale that uses the concessions, and a plan that’s still on track a year later.
Your accountant
Brad Tom, Partner
Brad has been a partner at TNR since 2000. He works with companies, trusts, partnerships, sole traders and self-managed super funds, and is a Chartered Accountant and registered tax agent with a Bachelor of Business from the University of New England.
Brad works with owners on valuations, benchmarking and planning for a sale or succession.
Book a call with BradBecause he knows our businesses so well, we are comfortable following his advice.Dennise Simmons, Simmos Automotive Group. A TNR client for more than twenty years.
Questions people ask
How much is my business worth?
Most small businesses are valued on their maintainable earnings, multiplied by a figure that reflects risk, industry and how dependent the business is on you. Assets, stock and goodwill are considered too. We explain the method so you can see what drives the number.
When do I need a business valuation?
When selling or buying, bringing in a partner, restructuring, for family law or estate matters, or when claiming the small business CGT concessions, where market value can decide whether you qualify.
What is benchmarking?
Comparing your business’s margins, costs and wages against similar businesses in your industry. It shows where you’re ahead and where money is leaking, and the ATO uses similar benchmarks to spot businesses that look out of line.
How early should I plan a sale?
Ideally two to three years ahead. That gives time to tidy the accounts, reduce dependence on you and get the structure right for the small business CGT concessions, which can significantly reduce the tax on sale.
Do the small business CGT concessions apply to me?
They can apply if your business has an aggregated turnover under $2 million, or your net assets are under $6 million, along with other conditions. They can reduce or remove capital gains tax on the sale of an active business asset.
Free 20-minute call
Talk to us about your plans.
A complimentary, confidential 20-minute call, by phone or Zoom. No forms and no obligation.
Book a 20-minute call
Or call the office on (02) 6685 6529