When schedules are tight and margins are slim, effective financial management is the engine that keeps your operations running smoothly. Many transport and logistics companies face recurring cash flow issues, leading them to rely on unpredictable small business financing alternatives to survive. The key to maintaining a healthy cash flow and avoiding the need for bank funding? Prevention. Or, more specifically, accurate financial reporting, analysis and forecasting.
Thiel Partners’ elite reporting and analysis services empower companies with the financial acumen and stability needed to lap the competition. Here’s what we offer:
Advanced Financial Software: Utilising cutting-edge accounting software and specialised tools, we meticulously collect, organise, and report your financial data. This process provides a clear snapshot of your company’s financial well-being and compares your performance to industry competitors.
Accurate Dashboard Insights: Gain instant access to your reports, monitor crucial Key Performance Indicators (KPIs) and track your financial progress in real-time with our user-friendly dashboards.
Leading Financial Expertise: Our trusted financial advisors will conduct in-depth analyses of your financial statements, unearthing industry-specific trends, opportunities, and areas for improvement.
Strategic Budget Forecasts: This analysis is the foundation for strategic budgeting and financial forecasting, enabling you to proactively plan for the unique challenges of the transport and logistics sector (labour shortages, natural disasters, rising warehousing, fuel costs etc.).
The logistics sector is experiencing rapid growth due to rising customer expectations for same-day delivery, the entry of global players into the Australian market, and increased consumer demand, especially in online shopping. As a result, the expected skill level of workers heightens. Staff must know how to operate and maintain diverse machinery, be digitally literate and understand end-to-end supply chain management.
Stay ahead of evolving employment regulations, labour shortages and high staff turnover with our tailored payroll and employee benefit solutions. Thiel Partners expertly handle payroll processing in a sector known for varying shifts, complex overtime calculations, and diverse employee roles. We understand how crucial accurate and on-time payroll is, not only to meet employment regulations but to boost morale and retention.
In true Thiel Partners fashion, our comprehensive payroll services go beyond just processing paychecks. We’ll perform robust reports and compliance checks and effortlessly adapt to the evolving needs of your transport and logistics business – guaranteed.
Transporting goods across varying terrains, from ten-wheeler trucks to cargo ships and planes, is a complex web of logistics, and it’s anything but cheap. However, you can dramatically cut down your logistical expenses by employing a well-crafted cost-control strategy. Thiel Partners have helped hundreds of companies streamline their inventory, fine-tune their shipping networks, deliver world-class quality processes, and build strong supplier relations.
Here’s just some of the cost-control strategies we use to save your business time and money:
The transport and logistics sector is highly competitive – you can’t afford to lose momentum or direction. Whether you’re an established transport or logistics company or a startup looking to make your mark, engaging with an experienced business advisor can help you stay on track.
Our seasoned consultants bring years of industry experience to the table. We’ve navigated the growing complexities of global supply chains, optimised supply chain distribution networks, and devised innovative strategies for seamless logistics success.
You can rely on us to stay updated on the latest tech trends, from IoT and blockchain to AI and automation, ensuring you stay competitive and compliant with industry regulations, international trade laws, and safety standards.
Effective risk management is non-negotiable in the freight and logistics industry. Disruptions can lead to costly delays, damage, or loss of goods, impacting your overall supply chain, reputation and partnerships. After working with companies of all scopes and sizes, we know that there’s no one-size-fits-all solution. Your ideal risk management strategy will greatly depend on your business location, size, structure, and overall industry goals.
Our business advisors and consultants integrate with your team, gaining profound insight into your operations and unlock untapped potential. Here’s everything we do so you don’t have to:
You might be. Identify all eligible tax deductions, including equipment, licences, protective gear, and more, with Thiel Partners. As seasoned transport and logistics accountants, we navigate the tax system expertly to optimise your returns and keep you compliant, steering clear of ATO penalties and fines.
Yes. Any business using fuel off-road in their commercial vehicles or machinery, regardless of whether they previously under-claimed or didn’t claim at all, can do so. You should have a consistent six-month usage pattern to qualify for retroactive refunds.
Unfortunately, you cannot claim the expenses for obtaining or renewing your driver’s licence as they are private costs, even if it’s a job requirement. The initial payments for getting a special permit or condition for a truck driving job are not deductible. However, you can claim additional expenses related to renewing a special licence or requirements necessary for your job duties, such as a heavy vehicle permit.
Absolutely. We specialise in creating tailored strategies to fulfil your needs and facilitate a smooth transition to the next generation or a new business owner. Our comprehensive business succession planning services encompass ownership transition, financial planning, legal and tax expertise, leadership development, risk management, and continuity planning.
