Business Advisory Services

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Business Advisory Gold Coast

We can offer comprehensive advice for any new business and/or investments.  Our services include the incorporation of new companies and the settlement of new Family Trusts, appropriate advice for selecting directors, shareholders, trustees and beneficiaries, as well as managing the registration process right through to the setup of bank accounts. 

In addition to setting up new entities, McKern can assist with new registrations necessary for sole traders. We will ensure you understand your new structure, including the tax and income implications, by using simple diagrams and detailed explanations.

Our team can also provide advice regarding legislative requirements, potential cash-flow implications for starting a business, and your record-keeping obligations.

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  • Business owners want to value their business for various reasons including; purchase, sale, selling a share in, financing for a business, or attracting investors.

    There are also various methods used to value businesses. Each method has its advantages and disadvantages and valuations are generally based on a combination of methods. The method used will be entirely dependent on the type of business as well as on the reason for needing the valuation.

    We can provide business valuations for any types of business and would be happy to discuss your specific needs in person. Contact us to make an appointment.

  • For various reasons, be it a general economic downturn, or health and family issues, people sometimes find themselves in financial difficulty. When your business is struggling to make repayments on the existing debt and creditors, it may be time to make an appointment to come in and discuss your options. These situations are usually resolved more easily if they are dealt with sooner rather than later.

    From re-financing solutions to business management advice, to meetings with our trusted insolvency specialists, We can assist you to make the hard decisions for the best outcome.

  • Firstly, we strongly recommend anyone going into business with a partner to draw up an agreement when the business commences. The agreement should be as detailed as possible in order to provide clarity for both parties and possibly prevent too many future business related disagreements.

    However, failing the existence of a valid agreement or an agreement that deals specifically with the issues you are facing, you may need to consider the possibility of you and your business partner parting ways if you are unable to resolve the issue agreeably.

    There are a number of ways this can be achieved, depending on the complexity of the business. Potential options include either partner buying the business from the other or splitting the business between the partners. Either option has many issues to be considered, including stamp duty, income tax, capital gains tax, restraint of trade issues, deferred income tax, valuation, and many other issues.

    This is a very complex area that is entirely dependent on your individual circumstances. Make an appointment with us and discuss your options.

Business Advisory Services

  • Compliance

    We can arrange compliance obligations for all structures including Companies, Trusts, Partnerships, & Individuals. Compliance obligations include Financial Statements, Income Tax Returns and Business Activity Statements.

  • Starting a Business

    Our team can offer comprehensive advice for any new business and/or investments. Our services include the incorporation of new companies and the settlement of new Family Trusts, appropriate advice for selecting directors, shareholders, trustees and beneficiaries, as well as managing the registration process right through to the setup of bank accounts.

  • Licensing

    Our team has experience in various forms of government department licensing application requirements in both Queensland and New South Wales. We have assisted clients with Training Provider licenses in Queensland, as well as Pre-qualification for Queensland Transport & Main Roads tendering.

  • Corporate Administraion

    We can take care of your corporate secretarial needs, including ASIC lodgements of annual returns and various other necessary lodgements as required. We can also assist with completion of Business Name applications for all states of Australia as well as completing change of details forms for submission to the Offices for Fair Trading.

  • Structuring

    Using the correct structure to carry out your building operation is very important for various reasons, including licensing requirements, asset protection, and flexibility when considering income distributions and income tax. The McKern team is highly experienced in how to successfully structure your entities to ensure the best outcome for all of these considerations

  • Succession planning

    We can provide advice for succession planning for your family, business and/or investments. From large or multiple family groups to a Mum & Dad business looking to pass their business on to their children, there are many Small Business Capital Gains Tax (CGT) concessions to be considered. These issues can greatly impact the tax effect of the eventual sale of a business, and need to be considered carefully in the early years when structuring is taking place.

  • Audits

    We can complete the audits required for Self Managed Superannuation Funds (SMSF), Trust Accounts used by Accountants, Lawyers and Real Estate Agents. McKern Principal, Damien McKern, is a Registered SMSF Auditor with ASIC. Our team has over 10+ years experience in compliance audits for SMSF’s and Trust Accounts.

  • Bookkeeping

    All of our bookkeeping services offer every client a guarantee that their taxes will be completed by the ATO deadlines. All of their work is also backed by our client managers and chartered accountants, so you can be certain that all paperwork is completed correctly and accurately.

We see beyond the numbers.

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