Client: Scan Built 3D Pty Ltd
Key Contact: Hamish Craig, Director
Industry: Building Design & 3D Scanning
Background
The Challenge
When Hamish Craig decided to start Scan Built 3D Pty Ltd, he knew he was venturing into unexplored territory. The cutting-edge 3D scanning technology had the potential to transform building design, but with a significant six-figure investment in technology, Hamish sought experienced advice on how to structure his business. He needed guidance on navigating tax and regulatory requirements and ensuring that his initiative could scale effectively. Building industry ties to promote the new technology was also a top priority.
The Solution
Hamish chose Altias Advisory for their comprehensive, hands-on approach. Altias worked closely with him to address both immediate needs and long-term business goals, helping Scan Built 3D hit the ground running.
Services Altias Advisory provided included:
- Business Structuring: Altias provided strategic advice to ensure Scan Built 3D was set up for sustainable growth, asset protection, and tax efficiency.
- System Implementation: Altias helped streamline financial operations by setting up Xero accounting software, alongside hands-on training to ensure Hamish could manage his accounts with ease.
- Tax and Compliance: Altias took care of all ongoing tax responsibilities, including BAS, End of Year Statements, Income Tax Returns, and Hamish’s personal tax filings.
- Networking: Altias facilitated key introductions within the building industry, connecting Hamish with draftsmen and architects, crucial for getting his technology into the right hands.
- Ongoing Support: Through regular reviews of asset protection strategies and tax planning, we helped optimise Scan Built 3D’s financial outcomes.
Hamish’s decision to partner with Altias Advisory gave him the peace of mind he needed, knowing he had expert support every step of the way.
The Outcome
Thanks to Altias Advisory’s comprehensive support, Scan Built 3D launched smoothly and efficiently. Hamish was able to start generating revenue much faster than anticipated, which was vital given the upfront technology investment.
Not only did Altias’ guidance help Hamish navigate early challenges, but Altias also laid the groundwork for Scan Built 3D’s long-term growth. Today, the company continues to thrive, expanding its presence in the building design industry and leveraging Altias’ expertise and network to fuel its ongoing success.
The personal and proactive nature of Altias Advisory’s service, extends far beyond routine accounting and tax compliance. For Scan Built 3D, it was evident from the start that Altias’ knowledge and personalised approach would be helpful in negotiating the hurdles of beginning a new firm in a rapidly evolving market.
“Altias offers more than just accounting and tax compliance. Ben’s extensive knowledge and genuine interest in improving my business have been invaluable. Our conversations often spark ideas to protect and grow the business, and Altias has introduced me to industry connections that have opened new doors.
From day one, Altias understood the unique challenges of launching a business in the innovative 3D scanning sector. It wasn’t just about managing the books; they helped me think strategically, introducing new ways to protect my assets and create a sustainable financial foundation. Their ongoing support has been key in allowing me to focus on scaling my business while they take care of the details.
I appreciate their personal level of service and their proactive approach. They’re not your typical vanilla accounting firm – Ben and his team genuinely care and always went above and beyond.”
– Hamish Craig, Director, Scan Built 3D Pty Ltd
Hamish perfectly encapsulates the value Altias Advisory brings to clients like Scan Built 3D. It’s not just about the technicalities of tax or compliance but about developing a strong, supportive partnership that helps businesses thrive in challenging and rapidly evolving industries.
