Businesses

What we offer

Compliance

  • Tax Returns

  • Annual Financial Statements

  • Tax Planning

  • Cryptocurrency

Business Advisory

  • App stack review

  • Business Health Check

  • Budgets & Cashflow

Start ups

  • Structuring advice & setup

  • Xero setup & training

  • Tax fundamentals training

Hot Bird, Burger Restaurant

Hot Bird is an established profitable business that has been operating for over 20 years and turning over $3.5 million per year. The owners Freddy and Janet are looking at retiring and have found some buyers who are interested in purchasing the business. They have come to Kintsu for advice to determine whether the price offered by the potential purchasers is a fair price for the business and to understand what the tax exposure is.

We provided the following services to help Fred and Janet:

  • 1 hour consultation to understand their intentions and to understand the business and assets of the business in more detail.

  • Our estimated range for the valuation of the business documented in our letter of advice. This was prepared on the basis of various valuation methodologies and assumptions of the business.

  • Calculation of the likely capital gain tax on the sale of the business including consideration of any tax concessions available.

  • Our letter of advice detailing the likely capital gains tax implications for Fred and Janet.  

  • 1 hour meeting to go through the valuation and the tax considerations.

Our services for the valuation was $4,500 (plus GST) and our services for the advice on the analysis of the tax implications was $5,200 (plus GST)*

Following our advice, Fred and Janet were able to go back to the potential purchasers and negotiate a better price for the sale of the business. They were also able to ensure that they have enough savings to pay for the CGT on the sale of their business.

Sinch

The trustee for the Pangelo Family Trust also trading as Sinch is a drop shopping business. As the business gains more traction and the website has more and more visitors, the Liam Zara requested Kintsu to help streamline the payment processes and having an automated accounting system to handle a large number of transactions.

We provided the following services to Liam and Zara:

  • 1 hour consultation to understand the business and to understand what Liam and Zara feels as their biggest pain points with the financial information for Sinch.

  • Implemented Xero for Sinch and also integrated the payment gateways and automated payments such as matching payments received from customers and also supplier payments. This will ensure that errors and manual effort are reduced.

  • Created standard reports so that the Sinch is able to have easily navigate through the finaical information and analyse the performance of the business such as sales trends and profit margins.

  • 1 hour meeting following the implementation of Xero and automated software to guide Liam and Zara how to use Xero and extract the information they need.

Following the implementation, Liam and Zara were able to save time as they leveraged the automated systems of Xero. They were able to concentrate on the business and ensure that the financial records are maintained in a timely manner.

*All pricing is indicative of the individual circumstances and pricing should be used for guidelines only.

Pixelate, Software Company

Pixelate is a technology company that is developing a platform for architects and clients to share information and communicate. It has recently secured significant funding from investors to develop and launch a new software product. The company is in the early stages of its operations and is experiencing rapid growth. The founders, Jayden and Kathryn do not have financial acumen to manage the company’s finances and to grow the company. They have come to Kintsu to seek their expertise to have a financial plan that aligns with the company’s growth strategy.  

We provided the following services to Jayden and Kathryn:

  • Establish a monthly process in place and develop financial models to provide projections, budgets, and cashflow management.

  • Provide monthly meetings to ensure that the goals are continually aligned with the financial models. Review of the monthly performances against the projections and forecast the following months projections.

  • Provide strategic financial guidance including analysing potential risks and opportunities associated with the expansion plan as well as how to manage investors and investments

Our CFO advisory services for Delltechs Pty Ltd was $2,800 plus GST per month as Jayden and Kathryn required more strategic advice and guidance. For basic CFO advisory services, our fees start from $1,500 plus GST per month*