Hall Chadwick QLD has a dedicated business advisory team with over 40 years of experience. As business advisors it is our job to provide you with the tools you need to make key business, management and financial decisions. We will partner with you and get to know your business intimately, together with the environment in which it operates. Our approachable, authentic approach and commitment to professional client service will ensure that timely and effective advice is provided and the most productive outcomes for your business are achieved.
General Advisory
Information in business is key to being able to make the right decisions at the right time. Hall Chadwick QLD will deliver you reports and provide advice in the following areas:
- Appropriate structuring when starting or expanding your business (both onshore and offshore)
- Strategic/Business Planning for the operation of your business
- Assistance with the recruitment of key personnel in the financial department, including the Chief Financial Officer and Finance Operating Officer
- Advice on your obligations as a Director
- Monthly or quarterly preparation of management reporting, including budget setting/forecasting, cash flow modelling, and reporting on key financial indicators and ratios
- Advice and assistance to companies on complying with their ASIC reporting obligations (e.g. Director or shareholder changes, allotment or transfer of shares)
- Assist in settling shareholder disputes
- Advising clients on business acquisitions and mergers including due diligence
Accounting
We provide high quality periodic preparation of financial accounts, including:
- Provision of accounting services to all types of structures
- Preparation of statutory accounts, if required by regulatory bodies such as ASIC or QBCC
- Preparation of consolidated financial statements for company groups
- Liaising with you to understand your financial software requirements to ensure your management reporting data is accurate, timely, and useful to you
Taxation
We offer advice in many areas of taxation, by way of example some of these include:
- Capital Gains Tax (CGT), including utilisation of available concessions, such as small business or main residence concessions
- Establishing employee share plans
- Forming a tax consolidated group
- Structuring of your affairs to ensure tax effectiveness for you while complying with your legal requirements
- Liaising with the Australian Taxation Office in relation to payment plans and other matters
- Research and Development tax incentive
- International tax systems, particularly throughout Asia
Bookkeeping
Quality bookkeeping is vital to any business in ensuring all transactions and financial records are kept up to date. We can provide assistance to ensure your business is completing the following:
- Correct methods are used to record many transactions
- Preparation and lodgement of your Activity Statements
- Month end procedures, including bank reconciliations, debtor and creditor reconciliation and closing the accounting software for the month
- Training employees in how to use various programs
Corporate Advisory
- Cash flow modelling and management
- Conducting reviews on how you can increase the value of your business
- Reviewing business performance and searching for ways to enhance business performance
- Minimising financial risk
- Preparing cash flow budgets and 3-way forecast models
- Managing daily cash flow requirements
- For a number of clients our directors act in an outsourced CFO role and/or sit on the board of the business
Banking and Finance
- We maintain close relationships with brokers and financiers to assist you with tailored financial solutions
- Liaison with banks concerning finance reviews, consolidated results and covenant compliance including adherence to agreed performance ratios
- Operational assistance with monitoring weekly cash flow for businesses
Government Programs
We have assisted many clients with successful preparation & lodgement of applications for funding from
- AusIndustry (e.g. Research and Development)
- AusTrade (e.g. Export Market Development Grants)
- Queensland Rural and Industry Development Authority (e.g. Disaster Recovery, Productivity Loans)
Insolvency
In conjunction with member firms of the Hall Chadwick Association, we have provided advice in relation to small and medium business matters in the following circumstances:
- Providing specialist advice in an Independent Accountants Report for secured creditors
- Providing specialist advice in relation to ‘trade on’ or asset realisation strategies involving business assets
- Providing consultancy services in relation to turnaround or enhancement of the performance of business enterprises
Estate and Succession Planning
We have advised a large number of clients on succession and estate planning. This often involves passing the business and assets from one generation to the next. Key areas of expertise we can provide advice on:
- Transferring goodwill inherent in the owner to the business, enabling a business sale
- Creating strategies for planning an owners exit up to 5 years in advance
- Extracting wealth from the business for the owners personally
- Implementation of Employee Share Plans and management buy outs
- Safeguarding assets from insolvency and marital breakdowns. We also have close, long term, relationships with legal experts working in this field.
- Tax effective methods of transferring wealth from one generation to the next including use of trust structures
- Interaction between estates and superannuation
We recently assisted a family business worth more than $30 million (comprising of multiple business structures and properties) with an effective reorganisation across 2 generation and key management personnel.
We have also assisted a family group worth over $50 million, with multiple business structures properties, with their estate planning. Together with the client and our network of trusted legal advisors, we were able to allow for a smooth and tax effective transfer of wealth across 3 generations of the family.
