An STC is a personalised accounting service designed to assist aspiring and seasoned investors to review their financial situation and receive expert tax and accounting advice.
Prior to the consultation, your financial position and long-term goals are reviewed by a Senior Advisor — submitted ahead of the appointment — so the session is spent on forward-thinking discussion with an emphasis on practical next steps.
What this covers
- Review of your current structure and holdings
- Tax position across entities and financial years
- Asset protection gaps and how to close them
- Estate planning and intergenerational transfer
- Finance structure and borrowing capacity
- A written set of practical next steps
What is an STC?
A Strategic Tax Consultation is a holistic review of your wealth creation goals, considering issues around tax, asset protection, estate planning, finance and structures, to assist you in meeting your objectives.
Our STC service
Our STC is a personalised accounting service designed to assist aspiring and seasoned investors and business owners to review their financial situation and provide expert tax and accounting advice.
Prior to your consultation, your financial position and long-term goals are reviewed by a Senior Advisor so the time is forward-thinking, with an emphasis on practical next steps. During your STC, a Senior Advisor discusses where you are today and the next steps that could preserve, protect and grow your wealth, whilst legally reducing taxes.
For SME owners, we combine a real understanding of your business with financial analysis to establish accurate projections — so you are not caught out by a bigger tax bill than expected.
Step 1 — Crunch (and compare) the numbers
Provide us with your income and cashflow statements, balance sheets and P&L statements. We will uncover:
- Business profitability
- Year-on-year comparison
- Cashflow
- Sales and growth
- Reasons why these impact on your business
Step 2 — Review your business goals
- Did you diversify your business (and income streams) in line with a business development strategy?
- How profitable was this new branch compared with the main source of income?
- What can you stop doing and start doing to be more profitable?
Step 3 — Review your costs and contracts
- Are there any errors, double-billing or unnecessary costs?
- Has any category of costs blown out with little return?
- Are there any opportunities to outsource and save?
- Can you review contracts for telecommunications, insurance and utilities?
Step 4 — Perfect your processes
Consider redesigning your finance-related processes to eliminate duplication, and look at technology and automated solutions to manage and track your data. A consultation with an accountant, bookkeeper or business advisor may help you improve your processes — saving thousands each year and supporting growth you did not think possible.
Further reading
Guides you can download
Practical PDF guides prepared by our advisers — free to download and keep.
