Magnus Business Advisers & Accountants

Magnus's Directors met in unusual circumstances - on a train after a professional development seminar in Brisbane's CBD. Eventually this chance encounter lead to discussions that revealed a shared passion to build a firm that provided quality outcomes to small and medium business and eliminated the classical issues that seemed to pervade the profession - poor communication and customer service, reactive and rear view advice amongst others.

Imagine how you will feel when you can operate your business with certainty and surety knowing its financial health is stable and predictable. Whether you are new to the business world or an experienced business owner it's likely you understand the importance of having your business financial affairs not only "in order" but predictable.

Whether you are new to business or an established operation, understanding taxation obligations and planning cash flow and business activities to meet them can be challenging. Taxation laws are forever changing and often difficult to understand. When you combine this with the fact that many offer conflicting advice on "what's best" you have the number 1 reason why it's important to develop, then implement a sound and proven tax strategy.

One of the most common questions we are asked is "what is the best structure for my business / entity"? The ATO has recently changed the process and eligibility rules for issuing an ABN and part of our service at the outset includes how to apply for and secure an ABN.

Whether the best option for your circumstances turns out to be sole trader, partnership or registered company our preparation will help make the application process effortless and less time consuming.

At the heart of an effective financial and taxation strategy is ensuring the structure of your entity is sound and the most appropriate for your individual circumstances. The most common question we get asked here is "what business structures should I use?" One thing we can be sure of is that businesses needs change over time and having the correct structure for the current conditions is vital.