Proactive tax planning for business aspirations
18 September 2018
The business issue
A niche in men’s grooming storage solutions, saw Directors and brothers, Saul and Josh Cockburn create the globally successful Tooletries.
Their products use a patent pending silicone technology that grip to shiny smooth surfaces like glass, mirror and tile and don’t require adhesives, suction cups or permanent mounts. They include everything from the classic toothbrush and razor holder to shower mirrors, hooks and the Koby toiletry bag.
With their strongest market being the USA, and making up a good percentage of sales revenue, it was imperative Tooletries had a tax plan and efficient structure in place to continue to meet current and future goals. “BDO has been great in understanding our business and has helped us with our US tax advice through their expansive network and global resources”, said Saul.
“BDO was able to assist us with their global resources and network to find us the assistance we needed in the US. Dylan Byrne and Suzy Munt made an effort to get to know us and understand our business before diving into any solution. They are readily available to talk to and respond to us efficiently. BDO is a true business partner and key to our export strategy.”
The right business structure will ensure your business is complying with all statutory and regulatory business requirements, and the ability to allow expansion without significant cost.
Is your business expanding or planning to export into new markets? Speak to the BDO Business Services team today or contact us here.
“BDO has been great in understanding our business and has helped us with our US tax advice through their expansive network and global resources.”
Saul Cockburn, Director, Tooletries
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