Cash Flow Forecasting
Have you ever wondered if you are holding too much inventory? Is this the right time to expand your business? Are you going to have enough cash to pay all expenses every month?
Survival in today’s business climate requires you to spend more time working on your business rather than in the business.
We can provide you with accurate, timely and informative cashflow forecasting reports – allowing you to:
- Realise and understand when cash is available.
- Plan and prepare for expansion, stock control, and taxes.
- Analyse and anticipate key expenses
Armed with this information, we’ll work with you to develop action strategies to improve your bottom line.
Management Consulting &
Business Advisory
Shomar & Associates as Business Advisors are able to focus on ways to optimise your business profitability and will work with you to implement strategies in order for your business to reach its full potential through:
- Business and ownership structures.
- Establishing a new business.
- Management accounting services.
- Budgeting and cash flow management strategies.
- Business succession planning.
- Superannuation, retirement and estate planning.
- Wealth creation strategies
Business Start Up
If you have a good idea for a new business venture but don’t have expertise in the legal or financial aspects of creating a new business, we can help you:
- Decide on the most suitable structure for your business – sole trader, partnership, or limited company.
- Prepare a business plan, cashflow projections, budgets, and trading forecasts.
- Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals.
- Establish a good working relationship with your bank.
- Register for an Australian Business Number with the ATO.
- Complete registration procedures with Australian Securities and Investments Commission.
- Deal with company secretarial issues.
- Set up a recording system for your internal use and for complying with statutory requirements.
Corporate Restructuring
There are many reasons that prevent a business from growing and indeed failing. Simply knowing what the problems are is often the first big hurdle to overcome. Therefore, it is important that when problems do arise they are recognised and confronted immediately.
We can help you identify key trends and developments in the corporate restructuring of your business, helping you to identify common warning signs in order to deal smoothly and effectively with future difficulties.
It is also important to understand the perspective of distressed investors, senior lenders, bondholders, private equity and corporate. These could be your lifelines for taking the business forward. There are many areas of expertise that can be used to achieve a variety of different outcomes for you and your business – we have the experience to help you work through them. In partnership with yourselves the prospect of failure can be overcome and a negative turned into an opportunity.
Insolvency, Bankruptcy &
Financial Planning
In times of financial distress, businesses, creditors and shareholders require services and advice that they can rely on.
Shomar & Associates through its accredited affiliated network of firms can provide corporate recovery and insolvency consultation. We provide clients with expertise, experience and service in both corporate and personal insolvencies.
Our professional team have an extensive background working with clients across a range of industries;
- Insolvency
- Taxation
- Liquidation
- Receivership
- Bankruptcy
- Restructuring
Risk Management
A multitude of risks exist in today’s business environment. At Shomar & Associates, we pride ourselves on our proven ability to accurately assess risk and to protect you from vulnerabilities inherent in your enterprise. An effective risk management strategy will improve performance, allow completion of goals, and protect the value of your business.
A risk assessment includes:
- Assembling relevant information about your business and its
- Identifying major risks facing your organisation.
- Developing a risk strategy.
- Implementation of the risk management procedures.
Budgeting
A good budget is a necessity in a good business plan. It is one of the best business tools we have, allowing us to set financial targets and measure our performance.
In addition to goal setting value, budgets will often improve your chances of acquiring funding. Financers often require budgets as a prerequisite for funding approval.
The techniques we utilize in the formation of financial projections will allow you to consider future scenarios and give you goals to strive for in your business. There are many types of budgets and we can help you design the right budget for your needs and requirements.
Let us show you how a budget is able to provide feedback to allow you to prepare for the future of your business.
