SECOND OPINION REPORT
Second opinions give you peace of mind that either everything is satisfactory with your accounts, or that you have some additional options to consider.
Knowledge is Power
Get A Second Opinion On Your Business Numbers
Do you feel like something just isn’t right? Did your accountant give you your business tax return and the tax bill seems too high?
Traditionally, business owners in this situation had no way to double check the return – until now!
Thorough and Effective
What Do We Check?
Last Year’s Accounts And Tax Returns
Our team review the most recent Financial Statements and Tax Returns prepared by your accountant and look for anything that could have been done differently to reduce your tax bill.
Business Record Keeping
Is your record keeping taking too much time or giving you inaccurate information? We can recommend process and software changes to fix the problem.
Current Financial Performance
Our team compare your current business performance and cashflow position with Benchmarks specific to your industry and give you any feedback we have on your overall performance.
We look at your current business structure and let you know if you could benefit from a change and if your current structure is being used as well as it could be.
Who Needs A Second Opinion Report?
This product suits established businesses that have lodged at least one tax return through a professional accountant.
We find that the Second Opinion process achieves the best outcomes for businesses with a profit of at least $100,000 a year. Your business doesn’t have that level of sales activity? That’s fine, why not book a call with our team and see if we can help get you there!
Business owners who are using complex business structures (Partnerships, Companies or Trusts) or who are keen to see if their business could benefit from using a different structure option can benefit from a Second Opinion.
Business Record Keeping
To do the review properly, we need access to your accounting information. Cloud software packages make this much easier to achieve. Business owners who maintain their accounting records in a handwritten format should contact our team about the benefits of moving to a cloud accounting software package.
Paid $15,000 Too Much Tax
In less than an hour, Phil found that I’d paid $15,000 in tax that I could have avoided with a smarter approach. Needless to say, my Accountant & I had a serious conversation about their work.
Saved $20,000 In Tax
A Panic Atax Second Opinion saved me $20,000 in tax. I used that money to buy new equipment with cash rather than having to borrow from the bank. Great result!
How It Works
1. Make A Call
Call our team to talk through the process and determine if your business is a good fit for a Second Opinion. We will also discuss the information we need from you to complete the review.
2. Our Review
Our team will work through your information looking for anything we believe could have been done differently. What are we looking for? Primarily, we aim to find opportunities to save you time, reduce your tax bill for the current year and ways to improve your business moving forward.
3. Second Opinion Report
We draft our review findings into your Second Opinion Report. The report outlines everything we found as well as our recommended solutions. The report is yours, no strings attached!
4. Report Walkthrough
We set up a 1-hour meeting in person, via Zoom or on the phone to talk you through the report and explain all the recommendations. The meeting is a crucial part of the process. You came to us with questions, and we want to make sure they’re answered!
Our Money Back Guarantee
Your investment for the full Second Opinion process is $500 + GST. If our team cannot find at least $500 in overpaid tax, we will refund our fee, in full, and you get to keep the report!