Financial Management Works provides businesses with practical tax advice

Financial Management Works claims to offer practical tax advice. Without waiting until after the tax year, the accounting services business calculates a ‘tax pro-forma’ each year to assess the need of any strategic tax expenditure for clients’ businesses. The financial advisors use all forms of accounting packages and can adapt to any particular accounting package of clients.

Financial Management Works can work on MYOB, Pastel accounting, Quickbooks Pro or Cashflow Manager, or plan the appropriate software to suit clients’ particular requirements. The accounting service provider offers advice and services in setting up tax effective structures. Financial Management Works offers financial planning services to clients through Peter Horsfield and Investsure Pty Ltd.

Financial advisors of Financial Management Works help clients with financial solutions including motor vehicle and equipment leasing, home and investment loans, lines of credit, business finance, and investment and superannuation. Businesses using lease or asset purchase finance are prone to have a large impact on their after tax profits. Financial Management Works suggests that the lowest rate does not necessarily mean the best deal. Businesses should also consider other factors such as methods of calculating early termination figures, the tax deductibility and matching the finance to the useful life of the asset in their businesses.