RSM Australia

Business planning

Business planning to improve your success

You have a great idea, can it be a great business? Your business is going well, can it be amazing? Your business is in difficulty, can you turn it around?

The answer is yes - if you have the right adviser.

If you want to reach new markets, develop new products or fine-tune your operations, our business planning advisers can help you start, grow and exit a business on your terms and in your time.

Business planning for all organisationsBusiness planning to improve your success

Whether you’re starting a small business or preparing for an IPO, our advisers can help you scope the potential, understand your capital requirements, help you meet your reporting and financial obligations, model a number of scenarios and plan for different outcomes, or simply help you with the paperwork and accounting while you get started.

We’ll advise you on the best structure - trust, private or public, onshore, offshore, centralised or distributed. We can structure and plan for all the phases, through startup, growth and maturity, ensuring you maximise your return.

We’re not here to just develop the business plan, but to be at your side to make it happen, adapt it when needed and keep you informed you at every critical juncture. Even more importantly, our advisers are connected to a vast amount of intelligence on local, national and global industry trends that we happily share.

Find your top 3 areas of business improvement

Growth and Profit Diagnostic Tool

Farmers and Communities to Receive Further Drought Relief Funding

Drought-affected communities and farmers will get an immediate cash injection, with the Federal Government promising a new $100 million drought relief package.

Superannuation Legislation for High Income Earners

The Government has passed superannuation legislation for high income earners (with income exceeding $263,157 per annum) which allows employees with more than one job to choose not to have the 9.5% superannuation guarantee paid by all their employers.

Are you Single Touch Payroll ready?

The deadline is fast approaching for small businesses to be registered and lodging their payroll information to the ATO using the Single Touch Payroll (STP) reporting system. Are you registered and lodging? If not, you have a small window to register and start lodging!

The ‘P’ in Pharmacy – It’s about Professionalism, not Price

The ‘P’ in Pharmacy – It’s about Professionalism, not Price

Sign up for an Asset Protection event near you

Imagine losing all of your assets in one fell swoop – house, cars, savings… the lot. Insurance can never protect against every scenario, but asset protection can try. 

Six technology investments every SME must make

With technology continuing to improve through the impending advent of 5G and as mundane business processes become automated, the opportunities for SMEs could be limitless. In this edition of thinkBIG, we highlight and explore six of these technology investments every small business must consider. 

Asset protection vs tax optimisation

In business, there are many risks that are simply out of your control. This thinkBIG report takes a closer look at one of the great conundrums for owners of small businesses - the balance between asset protection and tax optimisation.

Farm Management Deposit offset

Coverage of the drought that has impacted much of the farming community in central and eastern Australia throughout 2018 and earlier years has been unprecedented.  National and international media have shared stories of farmers doing it tough, fighting to keep their livestock going when feed and water are scarce and for nearly all, massive fin

Are you across the New Payments Platform?

The wait is over, after 4 years in the making and months of delays the New Payments Platform is finally here! What is it and what does this mean for your business? Key benefits:  Real-time movement of money Simpler, smarter addressing (PayID)

The future of general practice: cash flow, growth and innovation

The future of general practice is truly at a crossroads, with many challenges but also a range of opportunities.

Victorian farm stamp duty savings

A significant part of any farm succession plan is planning for retirement. Given ever-increasing farm, living and education cost, most farming enterprises will only support one child and their family of the succeeding generation.

Unlocking vital business information

In a tough economic environment, small businesses may be forced to cut costs in order to remain viable.  A significant cost for many small businesses is labour, so this is an area commonly targeted. 

Estate planning and the impact of loan accounts

The impact of loan accounts in business structures on your Estate planning can be far-reaching.

Get the right advice or pay the price | Family farms

Family farms are part of the fabric of rural Australia. Unfortunately the landscape is dotted by a large number of farms that disappeared from families who either had no succession plan or the estate plan was seriously inadequate.

Failure to seek commercial and strategic advice crippling SMEs

Many Australian business owners are frustrated at not reaching their growth targets because they haven’t identified the need to transition from an accountant providing basic tax compliance advice to a business advisor who can help implement the right growth and profit targets via strategic advice.

Farm Succession Planning and the four A’s

Farm succession planning has been described as developing a strategy to work out whether someone will take over the farm or whether it will be sold when the owner retires or dies.

Farm Management Deposits - do you have a plan for the end?

Farm Management Deposits (FMDs) are an integral part of year end planning for Primary Producers.

Seven tax planning tips to help your small business with a 2017 tax plan

With the end of yet another financial year fast approaching, now is the final chance for small businesses to get their 2017 tax planning in order.

Sell your business tax free - is this too good to be true?

In many situations this is entirely possible. When small business owners dispose of active business assets, they may be entitled to disregard some or all of the capital gain by utilising the available Capital Gains Tax (CGT) concessions.

Death is a taxing matter

There are two certainties in life - death and taxes – simple!  However to complicate matters the two interact producing complexities as well as planning opportunities.

Caveat Emptor - Let the buyer beware

Let the buyer beware - a simple and obvious statement but one which is particularly relevant to business people.  This period running up to the end of the financial year is a popular period for vendors to dispose of their business. If you are considering purchasing a business, it is worthwhile considering a few issues.

Why customer service is vital in a sea of automation | Part 3

Do you want your business to stand out from the rest? Offer a quality user experience! Great customer service isn't just about resolving an issue. If you really want to differentiate yourself and impress your customers, you need to consider their experience from beginning to end. This is where user experience comes in. 

Three ways to boost your super from July 2017

Could the rule changes that recently took place to Super actually present you with some great opportunities to build your retirement wealth from July 2017?

Payroll Tax - How you can avoid the common errors

The cash flow impact of not complying with payroll tax reporting Understanding the complex rules surrounding payroll tax can sometimes be difficult to manage. Not planning for your payroll taxes can cause serious consequences for the cash flow of a business  

Why customer service is vital in a sea of automation | Part 2

5 Simple ways to improve your customer service Have you ever been so frustrated by a company’s customer service? On the other hand, how incredible is it when a company has excellent customer service?

Why customer service is vital in a sea of automation | Part 1

How to increase profits through better customer service. "Customer service is not just a warm and fuzzy addition to your business practices, it's directly linked to your profitability and sales. This is why it needs to be a priority and a focus for any business that wants to grow or even survive in a highly competitive future"

Set your child care centre up for success by managing cash flow

One of the most common questions that an accountant is asked from the child care sector  is, 'So I made $150,000 last year; why don't I have another $150,000 in my bank account?' The answer is negative cash flow... 

Liquidity a problem? Give your business a health check !!

Companies relying on historically low interest rates to mask their true capacity to pay bills when they fall due, need to seriously address debt serviceability once the official cash rate starts moving higher which some will say will occur in 2017.

How healthy is your medical practice?

“There are two certainties – death and taxes. As a medical practitioner you help your patients delay one of these. As accountants, we can help you manage the other. ”

Expertise in waste and resource management

RSM has a long history of advising clients in the waste and resource management industries, providing integrated solutions across our service lines in Australia and through our global network.

How much tax will you pay on your profits?

It’s estimated a million small and medium-sized businesses were given some tax relief last financial year and from July 1 this year are benefiting from an additional tax cut. Are you one of them and taking advantage of it? How the tax cuts works

Budget 2016 for SMEs

Key announcements Increase in small business entity turnover threshold from $2 million to $10 million; Increase the unincorporated small business tax discount; Amendment to Division 7A to allow self-correction for inadvertent breaches.

Minimising the risks of franchisee non-compliance

Franchises are currently under the spotlight following breaches by high-profile brands. As a result, franchisors should take steps to ensure their franchisees are complying with all legal and contractual requirements.

Tips to improve your cash flow

The start of the new year provides small businesses with the perfect opportunity to improve their credit management and cash flow conversion cycle. Here are some tips for improving your credit management and cash flow in 2016:

Five areas corporate Australia should be aware of in 2016

The introduction of new tax measures, increasing insolvencies, and the growing incidence of digital disruption in the corporate sector in Australia means there are a number of key areas that CEOs, executives, directors, and boards should be aware of in 2016, according to RSM Australia.

10 things business owners should focus on in 2016

The Reserve Bank of Australia (RBA) forecast suggests the domestic economy will remain stable into 2016 and low interest rates are set to continue. [1]  This is likely to create some growth in consumption, which is good news for small to medium-sized enterprises (SMEs).

A review of the Innovation Plan – the hits and misses

The release of the Federal Government’s Innovation Statement through the National Innovation and Science Agenda came on a day that iron ore and oil prices continued to drop.

46 percent of SMEs planning to invest in the digital space

Disruptive technologies and innovation are accelerating the need for change and are having a profound impact on many traditional business models and their revenue streams. To compete effectively, businesses must adapt and evolve quickly to respond to what is becoming the new 'norm'.

Common business mistakes made by those in the building industry

As tradespeople, you know the importance of preparing a job properly, whether it’s the foundations of a house or sanding back old paint, preparation is vital to getting the best result. Despite this, so many people fail to prepare their biggest job, which is their business and it’s often a costly and detrimental oversight.

Ten things to do before the end of the financial year

The end of the financial year is almost here again. We try to plan to reduce tax all year long, however 30 June presents us with some opportunities and it’s a critical deadline to make sure we minimise tax for the year. Here are some key opportunities to make sure you don’t miss out:

Caveat emptor - let the buyer beware

Let the buyer beware - a simple and obvious statement but one which is particularly relevant to business people. 

Ten financial terms every franchisee should understand

Many people go into business because they are passionate about the products or services they can offer as part of that business. Often, franchisees have chosen to purchase a franchise because it is a lower-risk business option than a start-up.

How to finance your franchise

One of the most pressing concerns for many franchisees is to find a way to cover the costs involved in purchasing and running a franchise, including the initial purchase, plant and equipment, premises fit-out, working capital requirements and more.

Case study: Hutcheon and Pearce

The global population is expected to total more than 9 billion by 2050 and farmers will need to double their agricultural output while using the same amount of land, water and other resources. This challenge is one that General Manager of Hutcheon and Pearce, Arron Hutcheon, is ready to play a part in.

Case study: ADG Prestige Builders

“RSM offers strategic advice particularly when it comes to managing finance. I will be looking to Ray and the team in the next five years to provide advice on the best way to finance the business to sustain growth”. - Adam Guilmartin, Owner