If you own or run a small-to-medium-sized entity, you need advisors who understand your situation inside and out and will back you every step of the way. That’s us! We are experienced SME business accountants and advisors and have helped hundreds of businesses like yours succeed over the years. In fact, we are an SME ourselves – so we know first-hand the challenges and opportunities you face and are here to help you succeed!
Who we help
- Startups
- Small businesses with a turnover of less than $10 million
- Medium-sized firms with a turnover of more than $10 million
- Family-owned businesses
- Businesses seeking strategic advice for growth
- Businesses undertaking an inter-generational transition
- Owners who are looking for an exit strategy
- Owners who are seeking to introduce new partners/shareholders
We believe the best minds in our business are the best minds for your business
We know some of the challenges you face
Based on our own experience as an SME and having worked with hundreds of SME clients over the years, we understand the challenges you face, including:
- Tax planning issues
- Problems in maintaining accurate financial records and managing cash flow
- Difficulties in understanding and complying with complex tax regulations resulting in costly mistakes and penalties
- The absence of a dedicated financial strategist resulting in missed opportunities for growth, reduced profitability and increased risk of financial instability
- Employee-related matters
- Challenges in staying competitive
- Not having someone reliable to handle the bookkeeping and payroll matters
- Lack of time or the absence the expertise to undertake strategic planning, succession planning, exit planning etc
How we help SMEs thrive
At BG Private, we recognise the unique challenges SMEs face and offer solutions specifically designed to help you overcome them.
We also know that practical and actionable advice that is based on your situation being assessed from all angles will get you real results.
That’s why our Accounting & Business Advisory, Bookkeeping, Tax Advisory, Corporate Advisory, Private Equity, Audit & Assurance and Property divisions can all work together as required to take your business to the next stage of growth.
On a personal level, our Financial Planning and SMSF Management divisions can help you as a business owner ensure that your personal and business financial goals are in synergy.
Our services
Strategy
- Business structure advice, including set up
- Strategic planning for growth and scale
- Advice relating to franchise agreements, mergers and acquisitions, business sale, or the addition of new partners/investors
- Strategic preparation for the owner’s retirement including succession planning or ownership changes
Analysis and advisory
- Management accounting, including provision of relevant data, insights and forecasting; business performance benchmarking; tracking and managing income, expenses, assets and liabilities; breakeven analysis; working capital management and forecasting so cashflow fluctuations can be tracked accurately; budgeting advice including investigating where costs may be reduced
- Creating understanding around your revenue and profit drivers
- Pricing reviews and scenario modelling
- Accounting software selection, migration and implementation
- Advice around analysing and optimising labour costs
- Advising how all of this data and information can help you make more informed decisions and maintain financial stability
- Risk management advice to ensure your business stays on track including asset protection
Tax planning, compliance and reporting
- SME accounting services including managing your statutory reporting and ATO obligations, and ensuring your financial records are accurate and up to date
- Strategic tax planning to minimise liabilities while ensuring compliance with the relevant laws and regulations
- Tax efficiency guidance relating to the purchase of supplies, fixtures, equipment
- Bookkeeping services including BAS, GST, payroll and tax returns
- Tax advice on more complicated matters and transactions
- Audit and assurance, including internal controls and reviews
Positive outcomes you can expect
By partnering with BG Private, you can expect a transformative impact on your business. We help SMEs achieve:
- Improved financial clarity. Gain a deeper understanding of your financial situation, enabling better decision-making.
- Optimised cash flow. Maintain financial stability and plan for growth with effective cash flow management strategies.
- Reduced tax liabilities. Minimise your tax burden with proactive planning and expert advice.
- Strategic growth. Align the financial strategy with business goals to drive sustainable growth.
- More time. Feel confident that your money matters are in order, so you can focus on what’s really important: improving your product or service and winning new business.
- A true partner. As a business owner, having a trusted advisor on call to run questions and ideas by can help you turn challenges into opportunities and set your business up for long-term growth and prosperity.
FAQs
Small business entities (an individual, partnership, company or trust) have a turnover of less than $10 million.
Medium business entities are companies with a group turnover of between $10 and $250 million. Large businesses have a group turnover of more than $250 million.
Get in touch
Ready to take your business to the next level? At BG Private, we specialise in empowering SMEs with tailored accounting and business advisory services designed to meet your unique needs and drive growth. Contact us today!
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