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Due Diligence

Due Diligence For A Business Purchase

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Accounting Due Diligence

Due diligence for a business purchase is crucial. It can be a scary time when you’re looking at purchasing a business. Your objectivity can be clouded by the excitement and determination to buy and build a business and make your mark in the world.

We can assist you with due diligence when buying a business to make sure the figures presented to you by the vendor are true and correct as much as possible. We will guide you in the buying process and provide a report ensuring everything is true or if not, what the issues may be.

When it comes to negotiating with lawyers about sale price we can assist to make sure you are paying a reasonable price based on the information we have gathered on figures and potential problems.

Due Diligence Advice When Buying a Business

Whether you’re looking to purchase an existing business or inheriting a family-owned asset, it’s crucial to make sure that you check that everything is above board.

The process of a due diligence involves our team doing a deep dive into the businesses financials to ensure that you are buying what you think you’re buying.

Any skeletons in the closet should be uncovered and the end result is peace of mind in knowing that you are making the right decision in your purchase.

Done correctly, could mean the difference between buying a ticking time bomb or a gold mine.

Why Come to New Wave Accounting for Due Diligence?

The best part? You don’t have to be one of our accounting clients to take advantage of this service. You can come to us as a new client specifically for this purpose. Maybe you’re looking at several potential businesses or just the one. No matter what you need we can do accounting due diligence on all prospects and help you make the right decision for you.

Our expertise in the business world is second to none. We work with many different industries in small to medium businesses and know what to look out for to make sure you don’t get caught out.

Due diligence is something everyone should do when it comes to buying a business but using our expertise will give you confidence when it comes to the negotiating table.

Contact us today for a complimentary discovery meeting.

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Get in touch with our team!

Frequently asked questions

Each year, New Wave hosts a Charity Golf Day gathering Gold Coast business owners and professionals together to raise money and support local causes – see video of our latest event below. Our next event is currently scheduled for 2023. If you are interested in attending or want to get involved with sponsorships, get in touch with our office 07 5504 1999.

New Wave Accountants and Business Advisory is a modern accounting firm providing tailored business solutions to businesses on the Gold Coast and across Australia. We assist clients with: Accounting, Business Review, Cloud Software, Business Setup, Tax, BAS Compliance, Business Advisory & Growth, Management Accounting, and Virtual CFO services. At New Wave, our mission is to empower, excite, and build confidence in small businesses by providing clarity in their figures.

We do not currently offer tax returns for individuals only as we primarily support small to medium sized businesses. However, an individual’s tax return will be prepared by us if they have a business structure.

As Business Advisors, we don’t just focus on tax, but look at ‘out of the box’ strategies to start, grow, and scale our client’s businesses. We provide world class communication both internally and towards our clients.

  • We have saved more than $3.5 million in tax for our clients over the last 12 months
  • We are not your Traditional Dinosaur Accountant
  • We don’t charge by the hour
  • We specialise in Small Business

We are RESULTS DRIVEN Accountants. We are passionate about small businesses, and we truly believe we are making a difference through not only changing our clients’ lives but also the lives of our team members. We offer more than just tax but look further into how to improve profits, save tax, and maximise cashflow

Every business is different and therefore has unique requirements. You can start by booking a free initial consultation with one of our Accountants/Business Advisors to help us understand your requirements and come up with a plan to assist you and your business needs. To book a free consultation, please contact our reception on 07 5504 1999.

We understand small businesses and have worked with over 800+ businesses across various industries. We also provide tailored services for specific niches such as Ecommerce, Construction, Medical, and Allied Health.

We offer a $150+GST for 30-minute initial consultation with one of our Accountants / Business Advisors. To book, please contact our reception on 07 5504 1999.

Our Location

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Newwave Accounting

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  • Simplify and demystify tax obligations

At the end of the day, and by the end of this book, you will have an understanding of how and why you should invest in minimising your tax and making the most of your business.

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