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By Brett Goodyer, FCPA B.Com M.ForAccy – Forensic Accountant, Business Valuer, Bullshit Slayer Before you open Excel, open your ears. You can’t value a business if you don’t understand the owner, the risks, and the realities behind the numbers. This...
If you’ve ever been involved in a business sale that felt harder than it needed to be, there’s a good chance the business structure had something to do with it. I’ve seen deals drag out for months, and I’ve seen...
By Brett Goodyer, FCPA B.Com M.ForAccy – Forensic Accountant, Business Valuer, Bullshit Slayer Think you can knock out a business valuation with a spreadsheet template and a few formulas? It’s the stuff between the formulas that adds meaning to your...
By Brett Goodyer, FCPA B.Com M.ForAccy – Forensic Accountant, Business Valuer, Bullshit Slayer Let’s start with the thing no one wants to say out loud: if you’re calling your valuation “accurate,” you’ve already missed the point. Unless you have a...
It’s the final quarter of the financial year, and now, the importance of integrating business valuations and appraisals with strategic tax planning becomes particularly significant. This is a crucial period for accountants who aim to leverage every available tool to...
Most accountants and small business operators have a pretty well tuned bullshit detector. You can smell a snake oil peddler from 20 paces. We all receive 50 emails and 10 calls a day at a minimum trying to get us...
As financial professionals, we understand the importance of risk management in ensuring the success and longevity of our clients’ businesses. One critical factor to consider when assessing risks is the security of a business’s location. For businesses where their location...
Over the last few years, the Federal Government has introduced a suite of instant asset write-off and accelerated depreciation rules, whereby eligible businesses can either claim: an immediate deduction for the business portion of the cost of an asset in...
Business valuations can be complex, and the rules can be hard to pin down sometimes. There are many business valuation methodologies that can be employed, aimed at determining the value of the enterprise. They are usually prepared on the basis...
Small to Medium Enterprises (SMEs) can take many forms; some are better suited to your needs than others. In an ideal world, the best operating entity structure for your business will be put in place before you’ve made your first...
When it comes to assessing the value of accounting practices, the valuation process can often become a labyrinth of confusion, particularly when distinguishing between valuations of a business, an entity, and a book of clients. Ironically, accounting practices, which serve...
A commonly employed approach to business valuations is the Capitalisation of Future Maintainable Earnings (CFME), which establishes the business’s value based on a multiple of its earnings. So, lets delve into the intricacies of earnings multiples and their significance in...
The term goodwill gets bandied about a lot in the business world, but I find it is often misunderstood. There are a few definitions, but generally only two of them apply in a business sense: the favour or advantage that...
As a business owner, sometimes there can be a bit of ego involved. The business is your baby, you built it, you’ve worked hard, and you are the backbone of that business. And there really is nothing wrong with that…...
The price of a business valuation in Australia can vary significantly depending on factors such as the purpose of the valuation and the firm providing the service. Let’s examine the various types of valuations available and their associated costs, shall...
Clean Bookkeeping is an essential aspect of running a business. It involves maintaining accurate financial records of all transactions, including income, expenses, assets, liabilities, and equity. But it also means keeping the finances of the business and the owners separate...