Mage AdvisoryOur Expertise
Our expertise. Your success.
We’re not scared of complex tax
Due Diligence – Financial & Tax
Due diligence is a critical element to buying and selling a business. If you’re selling, being prepared for the due diligence process could mean the difference between the deal going through or falling over. If you’re buying, understanding what you are buying is critical. Either way, we support you and your advisors through the process.
Business Sales & Purchases (Mergers & Acquisitions)
Our sweet spot is understanding all the elements of a sale or purchase, both obvious and not-so-obvious. The obvious elements are due diligence, deal structuring for tax minimisation, negotiation, contract reviews and banking advice. The not-so-obvious elements are more strategic such as understanding the motivations of the stakeholders involved in the deal and keeping everyone on point.
Succession should be a well-structured process enabling a business owner to unlock the value in their business and move to the next phase of their life.
Every succession is as different as the business and the people involved. Ideally, succession is planned well in advance with the key stakeholders clear on the process and ready when the time comes. Often, they’re not planned, and life events dictate the timing and type of succession. Either way, we bring our experience and specialist skillset to advise and support you through the process.
Restructuring – Rollovers & Tax Consolidations
It’s not uncommon for a business structure to need updating to allow for changes in operation or legislation. This is where we come in, with our expert understanding of how to get you from A to B in the most tax-effective way possible.
ATO Private Binding Rulings & Early Engagement
With ATO activity and tax disputes on the rise, there are options available for businesses to achieve certainty around a tax position.
Like it or not, tax law can be notoriously grey and uncertain. In some circumstances (especially complex, high value transactions), it’s better to work with the ATO and obtain their considered opinion while the transaction is in progress.
ATO Audit & Review Management
- Put in place a sound audit strategy
- Voluntary disclosure
- Management of the audit process
- Negotiation of settlements
Tax planning & minimisation
As your business and personal wealth grow, a regular review of your assets and structuring is needed to ensure you are minimising your tax and maximising your wealth. We consider your current position, as well as your plans for the future to ensure you are structured the most effective way possible. We understand business decisions are not all about tax, but understanding your current and future tax position will assist your ability to make business decisions that maximise your wealth.
There’s no point in building wealth if you don’t protect your hard-earned assets.
Whether it be protecting your family home or profits, we can assist you in getting this right.
Capital Gains Tax & Small Business Concessions
The CGT small business concessions are one of the most beneficial concessions in the tax system. When used effectively, taxable capital gains of many millions can be reduced to nil – maximising your retirement wealth.
Property & GST
The various state and territory revenue offices share information with the Australian Taxation Office (ATO), including details of every property sold across Australia. The ATO match this data with tax return information and targets those where the expected GST and taxation treatment does not line up. Property GST and tax have always been a minefield, tap into our experience to ensure you get it right.
We assist business owners and management teams to implement a smooth, hassle-free buyout. We work closely with stakeholders and existing advisors to structure the deal and provide advice on tax minimisation, financing and shareholder buy-sell agreements. We’re able to assist with specific pieces of work or facilitate the buyout from end to end.
Employee Incentive Schemes
We have a depth of experience that enables us to deal with the bigger end of town, bringing those same innovative solutions to smaller businesses to achieve their business objectives.
Employees work best with an incentive and it doesn’t need to be shares or options, it can simply be a carefully thought out incentive scheme. Let us assist you with encouraging your team to work at their best.