13th November 2008

Is your Business Protected In Tough Times?

In times such as these, when many are experiencing tough decisions and circumstances, what you may want to consider includes:

  • The foundation & basis of your business is the STRUCTURE
  • Minimise your risk and get the structure right from the outset
  • In whose name you should set up your business
  • How to protect your business and investment assets
  • How to use superannuation funds to invest
  • Budgeting
  • How to minimise your tax
  • One page business planning

Ever wondered how the structure of your business and other investments can impact on your cash flow, investments, wealth, lifestyle, assets and tax obligations? David Wilson, from the accounting firm The David Wilson Alliance provides us with some answers.

"Many businesses are either under-structured or over-structured," Mr Wilson says. "It's important to identify what structure is most suitable for YOUR situation."

He continues, "To begin with, an advisor/accountant should take the time to really listen to their clients and to appreciate what is happening in their life. It is most important to understand what their goals in business are so that the correct advice can be given. There is a common myth that an accountant's main job is to "crunch" numbers. This could not be further from the truth as far as my approach to my clients is concerned.'

Many people in business today would have read or heard of Michael Gerber's book - The E-Myth and understand the three hats we juggle managing a business - the Entrepreneur, the Manager and the Technician.

Mr Gerber points out, "It's like having three personalities in one and sometimes it can feel like there's constant war within you!"

But at the end of the day our business is only a vehicle to help us achieve our goals. Yet, so few business owners take time to address the very things that will help them achieve their goals.

David Wilson who regularly runs seminars to cover the implications of Tax Reform on SMEs says it is also important to consider non tax considerations when you are structuring your business and investments, such as:

  • asset protection/preservation
  • estate planning
  • control of assets
  • spouse/children
  • family law issues
  • cost of establishment and maintenance
  • accessibility to income & capital

Best regards
Iain Pepper




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Iain Pepper
Head of Lending

Iain Pepper is a Vice-President and the Head of Lending for the La Trobe Group.Read full profile here.








La Trobe is one of Australia's leading independent specialist mortgage Financiers. Its business includes residential mortgages, commercial mortgages, and investment services operating one of Australia's largest Mortgage Funds under AFSL 222213. It employs over 145 staff and has raised over AUD$10Billion to assist over 100,000 customers since inception in 1952.

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