Latest News May 2023

http://www.aplaccountants.com.au

http://www.mytaxvet.com.au

Do you own your business name?

We have had a few enquiries from clients this past month about their registered business name. They have been told by their lawyer (when selling part or all of the business) that they don’t seem to have their business name attached to their trading entity. On further investigation it seems that a number of clients have let their business name lapse – they have not actively paid and renewed it when getting a notice to do so. Fortunately so far in all cases the name is still available and so it has been easy to purchase it again.

Is your business name currently registered to your entity? You can check this easily here https://connectonline.asic.gov.au/RegistrySearch/faces/landing/bn/SearchBnRegisters.jspx?_adf.ctrl-state=njlpshsgk_21

Business names are registered through ASIC connect and clients have always done their own, however Helen at out office is happy to do this for you if you need assistance. Take the time to double check this as you don’t want somebody else to take it!

Have you registered for our succession planning web series yet?

We will be planting trees for each registrant so register now!

To register for this event click here:

https://us02web.zoom.us/webinar/register/WN_TxrfsAzqTaG2L3CQHj6jsQ

This will register you for all 4 events, Wednesdays at 1pm (Qld).

This series is for all veterinary business owners and entrepreneurial employees. We have legal, accounting and valuation experts showing you the path forward with gradual succession and hand over of the business from the current owner to one or more of their team.

3 May – Ultimate exit plan and strategically structuring – how and why you need to plan succession, structures and restructures for buyer and seller

10 May – Essential tax Considerations  including Capital Gains Tax – Sellers you need to think about the best outcome for tax, buyers you need to understand why the sale is being structured in a particular way and plan your entry to be tax effective when you finally sell.

17 May – The ins and outs of valuations – both buyers and sellers need to understand the valuation process 

24 – May – Potential problem areas – Sale contracts and shareholder agreements – don’t be caught without one. Lots of tips for buyers and sellers to consider to protect the interests of both sides and create a happy relationship.

Join our seasoned industry specialists as they navigate you through succession strategies:

Joanna Oakey – managing partner at Aspect Legal (Commercial law specialist)

Paolo and Anne Lencioni – partners at APL Accountants (Business valuation specialists)

Kezah Alincastre – partner at James Noble Accountants/MyTaxVet (Veterinary tax specialist)

All of these specialists have extensive hands-on experience with vet practices.

To register for this event click here:

https://us02web.zoom.us/webinar/register/WN_TxrfsAzqTaG2L3CQHj6jsQ

This will register you for all 4 events.

Dog Tales!

Last week we celebrated my third gotcha day! Some of us rescues never had birthdays and the only special day a human remembers is the day we first got to snuggle up inside with a special family to love us. I was super spoilt and got three toys (so that my two best friends could share) and my very own cabriolet (pram). No more being left behind on walks because I’m old and slow! I feel so special and important and realise that I would never want to leave this pack. 

It got me thinking – do you give your pack at work special things on special days? Remember it’s very much appreciated and makes us want to stay.