Unlocking Financial Synergy
Small to medium businesses often reach a stage where financial structure becomes a critical factor in achieving long-term goals and operational stability. At The Garis Group in Newcastle, we help businesses align their financial practices with strategic objectives through customised financial structure advice.
Our team works with businesses to review internal frameworks, streamline operations, and build a foundation for more sustainable outcomes. This process not only supports growth and improves decision-making, but it also gives business owners the clarity to move forward with confidence.
We regularly assist clients with tax planning, bookkeeping, and business advisory services, ensuring every strategy is cohesive, responsive, and aligned to overall business goals.
Whether you’re refining your systems or preparing for expansion, our qualified accountants will help you create practical, forward-looking structures that support your business's future.
Call The Garis Group today on
(02) 4969 4699 to discuss how we can help optimise your financial structure in
Newcastle,
Sydney, the Hunter Valley, and beyond.
Why Choose Us?
We offer tailored financial structure solutions to support small to medium-sized businesses’ operational and strategic goals. Our approach is grounded in practical guidance and collaborative planning, helping clients build confidence in their financial decisions and make informed choices with long-term benefits in mind.
- Strategic structure planning
We design financial structures that help support business growth and operational efficiency, with clear steps tailored to your current stage and future direction. - Customised solutions
Every strategy is developed to meet each business’s unique needs and challenges, ensuring relevance, flexibility, and practical implementation. - Sustainable financial foundations
Our process focuses on long-term stability, cash flow clarity, and sound governance across all areas of financial management.
We work closely with business owners and managers to assess current structures, identify inefficiencies, and implement improvements that make a measurable difference. Whether you’re reviewing existing frameworks, planning for expansion, or seeking more apparent financial oversight, our solutions are built to align with your goals, obligations, and everyday operations.
Frequently Asked Questions
Which business structure is best for me?
This is a complex question and the correct answer (sole trader; partnership; company; trust) depends on a wide range of factors. Some things we will discuss with you to make sure you have the best possible structure include:
- The size and expected growth of your business
- How many owners there will be now and in the future
- The risks of business and whether litigation is a concern
- Whether you will have employees
- The impact and availability of tax concessions, e.g. Capital Gains Tax
What are the common types of business structures?
The most common business structures include sole proprietorships, partnerships, companies (corporations), and trusts. Each structure has distinct characteristics, tax implications, and legal requirements. Sole proprietorships are the simplest, with the owner being fully responsible for the business. Partnerships involve two or more individuals sharing responsibilities, profits, and liabilities. Companies are separate legal entities offering limited liability but come with more compliance obligations. Trusts involve a trustee managing assets for beneficiaries and are often used for asset protection and tax benefits. Choosing the right structure depends on factors like business goals, tax planning, and personal liability considerations. Consulting a professional can help determine which structure aligns best with your financial and operational objectives.
How does the choice of business structure affect tax obligations?
Your business structure directly impacts how your income is taxed. Sole proprietors and partnerships report business income on personal tax returns, with tax rates based on personal income brackets. Companies are taxed at a flat corporate rate, which can be beneficial for managing tax liabilities. Trusts offer flexible distribution of income to beneficiaries, often optimising tax outcomes. However, each structure comes with specific reporting and compliance requirements. Selecting the right structure can help minimise tax liabilities and maximise financial efficiency. Reviewing your business goals and consulting with a tax professional is essential to confirm your structure supports your financial strategy and meets all legal requirements.
