Navigating tax and accounting complexities in business acquisitions and sales requires expert advice to ensure optimal structuring, compliance, and risk mitigation. At LevelOne we have the expertise you require and professional help in areas such as due diligence, transaction structuring, and post-transaction support.
The key areas of what LevelOne offers:
1. Why Expert Advice is Crucial:
- Complexity: Business acquisitions and sales involve intricate tax and accounting considerations, making expert guidance essential.
- Tax Optimisation: Strategic structuring can minimise tax liabilities for both buyers and sellers.
- Risk Mitigation: Professional advice helps identify and manage potential tax risks and liabilities.
- Compliance: Ensuring compliance with relevant tax laws and regulations is crucial.
2. Key Tax and Accounting Considerations:
- Due Diligence: Thoroughly examine the target business's financial health and potential liabilities, including tax-related issues.
- Transaction Structuring: Determine the optimal structure for the transaction, whether it's an asset acquisition or a share purchase, to achieve desired tax outcomes.
- Capital Gains Tax (CGT): Understand the CGT implications for both buyers and sellers, including potential concessions and exemptions.
- Goods and Services Tax (GST): Determine the GST treatment of the transaction, whether it's a supply of a going concern or a sale of assets.
- Tax Losses: Consider the impact of any tax losses held by the target business, and how they might be utilised or affected by the acquisition.
- Tax Incentives: Explore any relevant tax incentives or concessions that may apply to the transaction, such as temporary full expensing or backing business investment concessions.
- Post-Acquisition Integration: Develop a plan for integrating the acquired business's financial systems and processes, while also ensuring compliance with tax and accounting requirements.
- Accounting for Business Combinations: Understand the accounting standards for business combinations, including the acquisition method and the recognition of assets and liabilities.
To discuss your business acquisitions and sales ideas further please call us on 02 4227 6744 or get in touch.