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As you know, running any business can be difficult but motor mechanics, auto electricians, tyre dealers and smash repairers face some unique challenges. The physical demands of the job aside, you have to contend with long hours and weekend work, occupational health and safety issues, technological change, emergencies and customer deadlines.
While customers expect you to get your ‘hands dirty’ servicing or repairing their car, ute, or van it’s no surprise that bookkeeping and tax issues aren’t at the top of your agenda. While GST, BAS and tax payments often represent some of the largest financial obligations for a self employed mechanic, auto electrician or smash repairer, many end up paying too much tax and incur fines for non-compliance.
Apart from the usual small business compliance issues of GST, BAS, PAYG and superannuation, we also assist mechanics, auto electricians and smash repairers to manage their cash flow and use the right software to prepare quotes, invoices and manage their payroll and apprentices. Having an accountant who understands motor mechanics and the auto trade can potentially mean the difference between surviving and potentially thriving. Over the years, Warrick Nancarrow and his team of accountants have mentored a number of motor mechanics, auto electricians and smash repairers through the various stages of their business life cycle – from start up right through to sale.
THINKING OF STARTING A MOTOR MECHANIC or AUTO ELECTRICIAN BUSINESS?
As a business start-up specialist we offer you experience, technical tax knowledge and most importantly, an intimate understanding of your industry. We have developed a number of practical tools to guide you through the start up phase and make sure you make the right opening moves. Our start up expense checklist will help you identify all your potential establishment costs including tools, equipment, IT expenses and marketing costs. These figures then automatically feed into a cash flow budget template and let us produce a profit and loss forecast for your first year of trading.
One of our biggest points of difference with traditional accounting firms is our marketing expertise. We can assist you with your branding (business name, logo and slogan) and offer you advice regarding your website design and content. We can supply you with templates for your letterhead and business cards plus help you harness the power of social media to win more referrals. These tools and services are all designed to accelerate the business start up process so you start generating revenue as soon as possible.
Motor mechanics, auto electricians and smash repairers all generally need to invest in equipment and tools. Through one of our affiliate business partners we can assist you with finance (chattel mortgage or lease) and if you are looking to purchase a new vehicle our clients also get access to fleet discounts that could save you thousands of dollars.
That’s just the beginning because as accountants we can do some financial modelling and prepare some ‘what if’ calculations. This let’s us project your business’ best and worst case profit scenarios. Next, using industry benchmarks we can compare the performance of your motor mechanic business against your competitors so you understand what is working in the business and what needs working on.
Our unique business approach is all about fast tracking your business success and the team at ProActive Accountants & Business Advisors offer you a range of accounting, taxation and business coaching services including:
We are so much more than just tax Accountants. We are business and profit builders who genuinely care about your business success. We service the accounting and taxation needs of a number of mechanics, auto electricians and smash repairers so we understand your trade.
Over the years motor mechanics, auto electricians, tyre dealers and smash repairers have become a real niche within our accounting firm. Our offering is unique and our pro-active team is incredibly passionate about helping you succeed. If you're an ambitious business owner looking for a lot more than just basic accounting and tax compliance services from your accountant contact us today.
We primarily work with business owners who recognise the importance of marketing and we invite you to book a FREE, one hour introductory consultation to discuss your business needs. At this meeting you can expect practical business, tax, marketing and financial advice designed to help you accelerate your business success. To make a booking call us today on (03) 9761 0035 or complete your details in the box at the top of this page and let’s get to work ON your business so it's more profitable, valuable and saleable.