Divorce Accountant Moss Vale

We’re Here To Help

Separation and divorce is not only an emotionally draining time but sorting out paperwork and dividing up assets only adds to the stress. Here at Pietsch Partners, we can help you navigate this difficult time, providing you with support and guidance to ensure your assets can be protected. 

Operating throughout the Southern Highlands to service our clients across Australia and internationally, our skilled accountants can assist you in complex financial situations. Typically, when a marriage ends, the assets of both parties are compiled and divided either through negotiation or by order of the court. However, this process becomes trickier when either one of the parties involved is a business owner. A common concern for business owners is how a divorce settlement can impact their ownership or operations. 

Working collaboratively with your legal team, we can help you:

• Understand the business structure
• Determine the asset pool 
• Identify tax implications of an asset split
• Optimise your end position

If you require professional help for your settlement case, get in touch with Pietsch Partners today.

How Are Businesses Valued?

Prior to the divorce proceedings, any businesses owned by either party will need to be valued. Most businesses are valued on a net asset basis or on an earnings basis. Simply put, the net asset method is the value of total assets minus the total liabilities. You must consider both tangible and intangible assets, which can include equipment, machinery, as well as intellectual property.

The earnings method values a business based on its annual net profit and its industry. If it is a highly valuable industry, the business could be valued more than its actual profit, and vice versa. Both methods come with drawbacks and have challenges, but our accountants can help you understand all aspects of the business so you can make an informed decision.