Business Advisory

Our Director, Annette Mackay, set up Mackay and Associates Accountants & Business Advisors in 2015 when she recognised the existing gap in the Business Services market servicing Small Business clients.
There is a push among Accounting firms for the more lucrative Medium Business Clientelle, resulting in Small Business clients falling through the gaps and receiving sub-standard services for excessive fees.
We close that gap, partnering with our clients to ensure we meet all their Accounting and Business Advisory needs. As a result we have become our client’s go to Trusted Advisor and our clients can grow their businesses with confidence.

We can help you with:

- - Tax Planning
  - Corporate Secretarial Services
  - Business Restructures
  - Financial Statement Analysis and Benchmarking
  - Cash flow management and Budgeting
  - Risk Management
  - Strategic Business Planning
  - Research and Development Incentive claims and other Grants

Tax Planning

We provide our Individual and Business clients with Tax Planning opportunities to save them tax. This is a highly personalised service which can save a client thousands and present many opportunities.

Corporate Secretarial Services

As an Officer of a Private Australian Company you are bound to comply with the Corporations Act (2001). The problem is most directors have no idea what their obligations actually are. We provided a full Registered Office, ASIC agent and Company Secretarial service with a view to supporting our Company Director clients to meet their legal obligations.

Business Restructures

Unfortunately, via lack of sound advice, new clients will often come to our firm with ineffective and unsafe business structures in place. We assist these clients to utilise legal concessions to restructure their businesses into more appropriate legal structures. Enabling them to enjoy the benefits of tax effective income distributions and asset protection. We can access concessions for our clients requiring this assistance so that we do not trigger a Capital Gain Event in the process of the restructure.

Financial Statement Analysis and Benchmarking

We can add value to your business, through the evaluation of its financial statements. Analysis ratios relating to liquidity, asset management, profitability, debt management/coverage and risk/market valuation can provide great insight into where a business is under-performing, what risk exposure a business is facing and what areas need to be addressed to improve the businesses overall position and performance.

Through Benchmarking, we assess how a business is performing in two ways, historically against it’s own past performance (internal benchmarks), but importantly, on an industry basis looking at how the business is performing against industry averages (industry benchmarks). Benchmarking works hand in hand with Financial Statement Analysis and empowers business owners to drive their businesses forward with precision.

Cash Flow Management and Budgeting

Cash Flow issues can cripple a Small Business and as such forward planning becomes a vital role in business management. Start-Ups and rapidly growing businesses alike can fail simply because the demand for cash has not been recognised early enough and finance options put in place to manage cashflow shortfalls. We can assist by preparing budgets and isolating likely cashflow issues early, before reaching a crisis point.

Risk Management

Every business should carefully consider it’s risk appetite. This means management needs to decide how much risk it is prepared to tolerate and employ measures to ensure that threshold is not exceeded. We can assist you to assess your risk exposure and remedy areas of excessive business risk.

Strategic Business Planning

It is impossible to attain your goals and dreams without a plan to show you how. We can assist you in preparing a Strategic Business Plan that will become the road map to your goals.

Research and Development Incentive Claims and Other Grants

We can ascertain if you are eligible to access various government grants and tax incentives and work with you to lodge your claim. This can provide much needed Cashflow to assist you to grow your business.