Small to medium businesses

The Australian Bureau of Statistics (ABS) defines a small business as one which employs up to 20 people. According to the ABS, there are more than 1.3 million small businesses in Australia, employing more than 4 million people; nearly half the total Australian workforce. When the small business category is extended to include medium businesses (those businesses employing up to 200 people) the statistics are even larger.

These numbers confirm what we already know: that the small to medium business sector is big business. Small and medium businesses make a significant contribution to the Australian economy and have a huge impact on the welfare and working lives of many families and their communities.

Consequently, small to medium businesses have special needs when it comes to corporate and taxation compliance. Each small and medium business must employ the successful management practices necessary to ensure they thrive today and continue to grow into the future.

Davenports has been helping small to medium businesses achieve their financial goals for more than 70 years. In fact, many of the businesses we provided accounting and management services for in the late 1930s are still our clients today through second and third generation family members!

Our team of professional accountants and financial specialists understand the needs of small and medium businesses. We also understand that some people have the misconception that accounting and management services are not necessary or too costly to be beneficial for small to medium business owners. In our experience, however, appropriate taxation planning and wealth creation strategies are both cost effective and beneficial for the future well being of the business and its owners.

So, whether you’re a sole trader, a partnership or a small company with any number of part-time or full-time employees, contact Davenports to find out how we can help your business thrive and grow.

Davenports small to medium business services include:

• Self managed superannuation funds
• Accounting and bookkeeping
• Taxation planning
• Succession planning
• Wealth creation and management
• Estate and succession planning
• Retirement planning
• Equity transfers through wills, sales or gifts
• Business structure and valuations
• Strategic business planning

Contact Melbourne-based accountants Davenports to find out how we can help your business.