Growing a Company or Business?

Growing a Company or Business?

So you already have an up and running business. You have laid the foundations and now you realise that it’s time to grow your business.

If you’re wondering if your trading structure is right for you or looking to make your enterprise more profitable, improve your business performance, get access to funding your business growth aspirations or need to consider an exit strategy, as your partner for life, McKinley Plowman are here to help.

Our wide range of integrated services enables us to provide professional advice and services to catapult your business to the next level.

Review your trading structure

You may have started out as a sole trader which suited your purposes initially, but is it time for a review?

Whilst operating as a sole trader can be simple and cost effective, the downside can include major asset protection risks, top marginal tax rates and higher capital gains tax.

At McKinley Plowman, we’ll review your structure and advise you on what will work best for you given your individual circumstances.

It may be a company or a company as trustee for a trust or a unit trust or a combination. There’s lots of options. There also needs to be consideration around who should own the shares such as a trust or an individual and who should be the director or secretary.

Timing is critical to achieve the best outcome. We’ll advise you on the perfect time to update your structure and also take care of all the logistics such as ABN, TFN, bank accounts, share certificates, stamp duty and capital gains tax advice. Getting the timing right will result in minimal Capital Gains Tax, improved annual income tax and solid asset protection.

The tax experts at McKinley Plowman will mould the perfect structure to suit you now and well into the future.

Increase Your Profit

Generally, businesses have a goal of increasing their profit. However, this will be almost impossible if you don’t have the right strategies in place. At McKinley Plowman, our team are your partners in helping you boost the growth of your business and achieve your financial goals.

We will focus on the profit determining factors of your business and give actionable steps on how you can enact changes to increase your profits and maximise your business value.

And since we understand that there is no single formula to increase profits, our team will carefully look into your current situation and develop profit-improvement strategies that are tailored to your needs.

Improve Your Business Performance

Over the years, McKinley Plowman have developed the expertise to assist big and small companies improve their business performance. These enterprises vary from retailers, franchised businesses, manufacturers, professional service companies, construction and many more. You too can increase your performance by partnering with our business improvement specialists.

We will closely to collaborate with you and look at every aspect of your business. Through our advisory boards, you will be able to gain invaluable recommendations that will improve vital areas in your company such as business management, customer relations, sales, and marketing. What’s even better is that we are able to assist you in turning these recommendations into concrete actions by providing you with a framework on how you can get things done.

McKinley Plowman’s business accountants can also help you refine your cash flow management, handle your returns and provide you with strategies to minimise your tax—which all leads to improving your business performance and maximising your company’s value.

Get Funding for Your Business

If you seek funding to expand your business, McKinley Plowman’s MFAA-accredited finance brokers will help you acquire the financial requirements you will need. You can get access to over a dozen lenders to finance your business requirements, whether it be a business loan to purchase a vehicle or equipment, commercial loan, debtor finance, or insurance premium funding. Our innovative and competitive tendering process can get banks competing for your business, therefore allowing to have the best deal that you can get.

Plan an Exit Strategy

Smart entrepreneurs will not only look at what’s in front of them but will go further beyond their current business situation. In order to minimise risk, future-proof your company and achieve a solid sale price, it’s important that you have an exit strategy in place. Whether you’re planning to exit and sell or hand over your company to a successor, the team at McKinley Plowman can help you be well-prepared for a smooth transition.

Whatever you need to grow your business, our dedicated team of professionals are happy to help you achieve the full success you and your company deserve.

Partner with us today and schedule a FREE initial consultation with our business improvement specialists by filling-out the form above.