IQ Tax Accountants & Business Advisors

Advice on how a business should be structured is where IQ Tax Accountants & Business Advisors starts, and the firm works from Kellyville, Australia. It says its team brings more than 30 years of combined experience, and it presents its role as the advisor a business turns to when it is deciding how to organise, fund, grow or eventually sell.

Choosing a business structure and setting it up

The firm assesses which business structure is most beneficial for a given client and then sets that structure up. It says the right choice can produce significant cost savings or build up assets over the medium to longer term, which is why the structure is treated as a financial decision rather than a formality.

Planning, cash flow and regular reviews

The team develops business plans that include budgets, forecasts and key performance indicators, and it can hold regular or scheduled meetings with the client to review performance against those measures. The firm argues that a business's profitability can be improved considerably by changing how it is run, and it offers its methods for improving efficiency as the route to that. On cash, it points out that money moves through every part of the business, including inventory, debtors, creditors and payroll, so better cash flow comes from analysing and improving those activities.

Financing, funding and export grants

The company says it prepares business plans and helps clients secure funding from a range of sources at competitive rates. The finance it names includes trade finance, term finance and revolving facilities. It also offers advice on optimising a client's capital structure, and it helps businesses that want to grow their share of export markets by applying for export grants.

Benchmarking, strategy and business valuation

The firm benchmarks clients against their competitors so that they can compete more effectively. Where a business needs to change direction, whether by expanding, forming a partnership or joint venture, entering new markets or reducing its size, the firm says it works on strategic planning to reach those goals. It also runs cost benefit analyses when a business is moving to a new accounting system or converting from manual processes, and it can manage the implementation. Business valuations are carried out for purposes such as a sale or purchase, financing, raising capital or insurance.

Succession and exit planning

The last area covers owners who are preparing a business for succession or who are considering a sale. The firm says it helps those owners prepare for the transition and plan the route to the outcome they want. The company's planning services are aimed at new businesses setting up in Australia and at established firms that want to expand.

IQ Tax Accountants and Business Advisors gives business structuring advice from its base in Kellyville, Australia. It works with businesses at every stage, including new businesses planning to set up in Australia and firms that want to grow.

Products and services

• Business structuring: advice on which business structure suits a business, and setting it up.
• Business planning: budgets, forecasts and key performance indicators, with regular meetings to review performance.
• Cash flow improvement: analysis of inventory, debtors, creditors and payroll to improve cash flow.
• Funding and financing: help preparing business plans and securing funding, including trade finance, term finance and revolving facilities.
• Benchmarking and competitor analysis: comparing a business with its competitors and planning how to grow in existing or new markets.
• Export grants: help obtaining export grants.

Who it serves

Businesses in Australia, including new businesses and those looking to grow in existing or new markets.

Key facts

• Based in: Kellyville, Australia
• Experience: more than 30 years of team experience