Accounting & Taxation

Accounting and taxation is about so much more than compliance. At Mulcahy & Co we provide advice and support to ensure you get the best value for your dollar.

Our accounting services include:

  • Financial statement preparation and reporting
  • Business planning, monitoring and review
  • Budget & cash flow preparation and analysis
  • Breakeven analysis and advice
  • Benchmarking performance
  • Key performance indicators (KPIs)
  • Business valuations, analysis for sale and purchase
  • Record keeping assistance
  • Centrelink advice

The introduction of new taxation rules or changes to existing rules can impact heavily on both businesses and individuals, so at Mulcahy & Co we make sure we have a clear understanding of how these may impact our clients.

Our taxation services include:

  • Income tax planning and tax minimisation
  • Superannuation planning and accessing generous benefits available
  • Maximising capital gains tax concessions available on asset sales
  • GST planning and advice
  • Establishing tax effective business structures
  • Self-managed super fund compliance and administration
  • Advising on other Federal and State taxes including payroll tax, land tax and fringe benefits tax
  • Taxation compliance including preparation and lodgement of ATO returns and schedule.

Business Development Coaching

As a business owner, we understand you face a lot of challenges. The demands on your time often see you immersed in day-to-day problems, putting out business fires instead of working on the business to improve its strategic and economic value.

Mulcahy & Co is a member of RAN ONE - an international group of business growth advisors - and we have a very different approach to helping business owners build a more successful business.

In particular, we have a Business Coaching System that can make a significant difference to the profitability and value of your business. We can assist you by taking an advisory role to help you jump start your business growth and focus on value creation.

Our Approach:

If you're like most business owners, when you went into business you had a vision of what you wanted to achieve and what you wanted out of the business.

  • Have you realised that vision?
  • Is your personal income meeting your current financial needs?
  • How effectively can your employees run the business in your absence?
  • Are you comfortable that you have everything in place for when you are ready to transition out of the business?

You don't need us to figure our where you want to be. That's easy. The hard part is getting there. Your investment in the business might add up to 10, 15 or even 20 years of personal sacrifice and commitment. Using the RAN ONE Business Coaching System we can help ensure your investment pays off.

Our approach combines strong financial management with soft human elements, taking into account your individual needs as the business owner and the development of your succession team.

How We Can Assist You:

The RAN ONE Business Coaching System is a turn key process that starts with personal goal setting and moves through developing the business strategy, monitoring & reporting, performance improvement and team building.

Getting Your Priorities in Order:

Our starting point is about aligning your business objectives with your personal objectives. In a private consultation, we measure the relative importance of the business to your longer-term financial prosperity and determine the tasks needed to get your personal affairs in order.

This discovery process covers three important areas:

  • Your Personal Finances - a review of your income, tax, risk management and retirement planning.
  • You and Your Business - a review of your role in the business, the supporting team, readiness for sale and level of management information.
  • Your Quality of Life - a review of your health, appetite to continue to drive the business, enjoyment, work/life balance, outside interests and 'life plan'.

Keeping Everything On Track:

The value of any business strategy depends on its level of implementation. Monitoring & Reporting is at the heart of the RAN ONE Business Coaching System. It offers a combination of financial and non-financial information that we use to keep the business on strategy and if an issue does arise, take corrective action to get the business back on track.

Our commitment doesn't end with the presentation of a report. We follow through and work with you to project-manage the process through actions responsibilities and timelines for any initiatives identified during this phase of the process. And at all time, you - as the business owner - are actively involved in the process.

Driving Up Business Efficiency:

One of the outcomes of the Monitoring & Reporting process is identifying where the business is not performing to plan. We combine our experience as professional advisors with RAN ONE's best-of-breed software to deal with underperformance by identifying the problem and solving it.

Building an Elite Business Team:

Many small businesses are too dependant on the owner, which often limits value, creates stress and acts as a handbrake on business growth.

One of the most powerful elements of the RAN ONE Business Coaching System is the emphasis on TEAM development. To build a successful business you need to develop an elite team. Your team is a fundamental part of your business. A strong team is essential if you want to fully realise your investment, particularly if you decide to transition out of the business and want to ensure its ongoing success.

INDIVIDUALS

We continue  to maintain a strong focus on our individual clients.

By being able to provide individual clients with a complete range of financial solutions, we are able to offer a complete package to individuals to help them achieve financial goals and dreams. This includes:

  • Taxation advice including Rental Property Investments, Gearing & Superannuation.
  • Home Loans, Investments Loans & Motor Vehicle Finance.
  • Financial Planning, Superannuation, Direct Share Investments, Managed Funds and Risk Insurance (Life, TPD, Trauma and Income Protection Insurance).
  • Budget & Cash flow management and Savings Plans.

So whether you require your tax return to be lodged, a review of current loans or superannuation & investment advice, we have the experts to assist you.

ACCESS TO GOVERNMENT SERVICES

We can assist and advise you with eligibility to the following entitlements:

  • Youth Allowance
  • Pensions
  • Family Payments
  • Health Care Cards
  • Child Care
  • Sickness Benefits
  • Farmer  Incentives
  • Employment Incentives

The ability to be entitled to many of these benefits comes down to forward planning. We can assist to make ensure where possible you receive maximum entitlement to benefits.

The Accounting & Taxation team work closely with the Financial Planning, Lending and Legal team members to ensure your goals are achieved.

reliable, accessible, responsive…it all adds up to a quality outcome.