Accounting
Buying and Selling
With knowledge across accounting, mortgages, business management and insurance, we’re in a strong position to offer you a holistic solution to buying and selling a business.
A Haven adviser can help you identify the risks involved and ensure you fully understand your obligations.
With knowledge across accounting, mortgages, business management and insurance, we’re in a strong position to offer you a holistic solution to buying and selling a business.
A Haven adviser can help you identify the risks involved and ensure you fully understand your obligations.
Buying a Business
Purchasing a business is an exciting venture, but you could end up paying more than it’s worth or miscalculate its earning potential.
No matter how good a business looks on paper, there will be discrepancies and if left unidentified, they could run into long-term financial or legal problems. A Haven adviser will help you see through the excitement bubble and undertake full due diligence to ensure the business you are acquiring can be a profitable asset.
A financial due diligence will help you understand the current financial position of the business and a realistic forecast of potential earnings. A Haven adviser will also undertake a tax assessment to ensure there are no outstanding tax liabilities transferred with the purchase.
Once the Sale and Purchase Agreement becomes unconditional, any non-compliances and legal proceedings against the business will become your responsibility. A Haven financial adviser will help you understand exactly what you are taking on, and ensure the new business is compliant with all of the government regulations. We work with your lawyer to identify any wrongdoings before it’s too late.
If you would like to minimise the financial risks in business and make your purchase a profitable one, talk to a Haven financial adviser.
Selling a Business
Potential buyers will undertake a full due diligence of your accounts and the business’ earning potential. If your finances are not representative of your asking price, you may be forced to sell for less.
A Haven financial adviser can get your business in the best possible financial shape to maximise its sale price and make the handover a seamless one. We can even help you minimise tax implications on the sale.
If you are undecided about whether selling your business is the right move, we can work with you to recognise your long-term goals and implement ways for you to reach them. Our strengths across the financial services put us in a good position to advise when to sell and when to hold onto your business.
If you choose to sell, we will ensure you understand your obligations and stay compliant throughout.
Looking for dependable advice?
Find it with Haven. One meeting with us will show you where business efficiencies can be made. Simply fill in your details to see what our team can do for you.
Janine Roberts
Accounting Director
