Virtual CFO works with your business on a part-time basis and provides budgeting, management reporting, high-level strategic advice and corporate advisory services.

Aura Partners have significant experience in the following;

• Strategy development and facilitation
• Strategic board and management reporting
• Budget preparation and review
• 3 way rolling forecasts (p&l, balance sheet and cash flow)
• Cash flow and working capital planning and reporting
• Debt covenants
• Business succession planning and implementation
• Banking finance advice and restructuring
• Equity and employee incentive schemes
• Business valuations for acquisition or sale
• Estate planning
• Asset protection structuring
• Investment reporting
• Internal structures, systems and processes review

We have a suite of specialist services and established relationships with a group of highly qualified partners that allow us to provide services outside of the normal accounting sphere.

These include:

Singapore/International Accounting – we have a Singaporean-based accounting partner that allows us to broaden your international footprint to be able to trade with Asia and Europe.

Financial Services – we provide auditing services to Australian Financial Service Licence holders. Our long history of working with the AFSL sector means we understand the ‘ins and outs’ of being an AFSL holder.

Business Recovery and Insolvency – our partners in this sector allow us to work closely with our clients at times when their businesses are in need of a restructure that may be due to unforeseen circumstances.

Corporate Structures – we have extensive experience in providing structural advice to new and existing business owners. Even if a business is well into its trading life or business growth life cycle we can offer advice on changing the existing structure to allow, for example new shareholders to buy into the existing structure.

Finance – We have specialist partners in the field that have been working closely with, which makes the process as simple as possible for our clients with the aim to provide them with the best possible advice and solutions.

Financial Advice – Our partners in this sector have been carefully selected over the years to ensure that the best advice can be provided to our clients. We can assist with SMSF advice or financial planning due to close relations with our partners, we are able to collaborate efficiently to provide the best advice.

The Australian Government provide financial incentives and grants to assist local businesses whose objectives are aligned with the country’s. We can assist you with maximising your claim with the following types of grants and incentives.

•  Export Market Development Grant (‘EMDG Grant’)
• Research and Development Tax Incentive (‘R&D Tax Incentive’)

EMDG Grant

Local Australian businesses that have a focus on growing their international footprint can potentially benefit from applying for an EMDG. Successful applicants must incur a minimum of $15,000 on eligible export promotion expenses, in order to obtain a reimbursement of 50% of those expenses above $5000.

The Government has announced changes to the EMDG program as part of the COVID response. The most significant change is that, for the 2020 Claim Year, the performance metric will not apply. In general terms, the performance metric capped the grant at a percentage of export sales.  This cap has been removed. If you have previously stopped making EMDG claims due the performance metric, you may wish to revisit the potential for a claim for 2020.

R&D Tax Incentive

Our R&D Tax Incentive services are generally performed on a success-basis, which means no cost to you at all if the claim is not approved.

For companies with over a turnover under $20 million, it can deliver a cash benefit of up to 43.5%, for those with a turnover more than $20 million, the benefit is still significant at 8.5%.

You may be conducting research and development without knowing and not making a claim.

If you would like to make a claim, our specialist team will manage the entire application process, allowing you to stay focused on growing your business.

The Government has announced an extension to the deadline to lodge R&D Tax Applications for the year ended 30 June 2019. Under ordinary circumstances, the deadline is 10 months after year end i.e. 30 April 2020. The deadline has been extended until 30 September 2020.