At D3 Accounting Services we believe that it is important that we work closely with your business as it transitions through the different cycles of its business life. We assist our clients in a variety of manners in providing critical business advice in each different stage of the business life cycle. We can develop or comment on business cash flow and profit projections including the development of appropriate sensitivity analysis. We can undertake one-off reviews of an entity’s financial and operating systems and controls, providing an independent assessment of the internal systems and controls. We can assist with preparation of a business plan.The elements and assumptions in the plan will vary depending on the current stage of the business life cycle and also any specific use to which the plan is to be put.
We assist our clients in the area of succession planning. Handing over your business to family members successfully can mean the difference between being financially sound for life or losing the value of many years of hard work and effort. More than 70 percent of family owned businesses do not survive the transition from founder to second generation. Developing and implementing a well-designed plan is essential to the long-term success of the business you’ve grown and developed from the very beginning. Succession planning also applies irrespective of whether you have family members looking to take over the business. One day you are going to need to exit the business, through retirement or sale. Succession planning covers the key steps to prepare the business for that moment. In the event that you elect to sell your business to third parties D3 Accounting Services can assist with this task also. We can prepare the necessary financial information required to put the business to market and advise on the income tax implications of the different methods of sale.