Selling your business is a significant event in the life of every business owner. You’ve spent your years working hard, taking risks, and working towards this point.
A successful sale at the right time can make it all worth it. When you sell your business at the right time, it can allow you the time and the funds to focus on your next pursuit.
And when selling your business the tax concessions can be quite generous, so it’s critical to get the right advice well before the sale is finalised.
With over 40 years of experience, we’ve helped business owners of all sizes understand and manage the capital gains tax on the sale of their business.
The best time to start planning for CGT concessions on your business sale is now. We’re here for the long term to make sure your future sale is stress-free.
As well as understanding the CGT on the sale of your business, we provide a wide range of business and financial advisory services to help you reach your goals.
Your business tax requirements can change. So we stay up to date with the latest changes in tax policy to ensure you continue to get the full benefits for your business.
As a business owner, we understand that you’ve worked hard to build your business to where it is today. And a lot of the time, selling your business is about more than just the numbers.
Our team will work with you to help plan the sale of your business, from start to finish. We’ll make sure you’re doing the right things by the ATO, and that you understand the capital gains tax obligations on selling your business. We can run you through paying capital gains tax, the CGT concessions available to you, and what this means for your future.
We have worked with Liston Newton's Accountancy and Advisory Team for over a decade. During that time, our business has grown substantially both organically and through purchases. This wouldn’t have been possible without Liston Newton Advisory to assist with our business planning, providing proactive advice and ensuring our accounts were always compliant in a complex and volatile industry.
Liston Newton's Accountants analysed our financial and business situation and helped us implement strategies to improve our position. Their strategies turned our business from making a loss, to recording a 6-month net profit of 36 per cent. And we are now on track to show a 240 per cent increase in turnover over the next financial year.
Liston Newton helped us move our accounting over to Xero. Their Accountant managed the set up and training so we felt comfortable with the software. We now have all our processes streamlined which gives us improved visibility of our business performance. This has allowed us to open 2 more stores without a significant increase in administration effort.
Get expert advice and guidance on how to manage the tax implications on selling your business.
Selling your business can be challenging. We’re here to help you manage the process from start to finish.
Selling a business is a big decision. It’s the end result of years of hard work, so you want to make sure you do it right.
What to do with the profits after selling your business, and the best tax structure after your business sale. Read more here.