Our business is all about helping you!
Doing business in the 21st century requires much more than just basic tax and bookkeeping services so we have developed a range of business planning and development strategies to offer our clients.
We assess both the financial and non-financial goals of our clients then provide systems and services to assist clients reach their goals. Our clients experience less stress, more enjoyment and the satisfaction of achieving their goals as a result of our approach.
Have a look at just some of the things we can do for you:
Cash Flow Forecasts
Do you find yourself asking “Why doesn’t my business seem to have any cash?” By working closely with you to build a specifically tailored cash flow forecast, we can take into account seasonality and other issues that affect your business. This means we will be able to provide you with a working document to help you attain profit targets and manage cash effectively. Once this has been done, we can also offer you solutions to free up your cash flow moving forward. We will also be able to predict where your business may require cash injections well in advance so that you can arrange your finances accordingly rather than have your business and profits stalling while you source the required funds.
Budgets
Two well known maxims remind us that “what gets monitored gets managed” and that “in business we need to work smarter, not harder”. A forecast profit and loss account plan is as important for a business as preparing a flight plan is for a pilot! There are two important stages in the development of budgets: firstly the preparation of the forecasted profit and loss account; and secondly (and very importantly) having a system to ensure that action is taken when the actual results differ significantly from those predicted. We can meet with you on a monthly or quarterly basis to act as an independent sounding board which means we can help you interpret any differences arising from comparing actual and forecast results and make recommendations for keeping your business on track.
Tax Planning
By reviewing your tax position prior to the end of the financial year, we can advise you of the best way to legally reduce your taxes. We can provide you with an accurate picture of what your profit and tax position will be for the year so you can account for them in your plans. Many opportunities to reduce tax are only available if action is taken prior to the end of the financial year.
Key Performance Indicators
Key performance indicators (KPIs) are financial and/ or non financial measurements that are monitored on a regular basis. The performance of a business can be evaluated by monitoring just five or six KPIs. KPIs will vary from one business to another being based on specific areas where performance has an impact on the profit the business enjoys. The final outcome of this process is a regular KPI report. By having this report, you will have the basis for monitoring performance to ensure that your business stays on track to reach and even exceed its targets!
Key Performance Actions
We understand that the best ideas, best reporting, and best advice means little without taking action. Using the success formula Decisions x Actions = Results we help our clients determine the key actions required to grow and improve their business, and develop achievable Action Plans to support development.
Business Plans
What are the goals for your business? These could be both financial (“How much money would I like to make?”) and non-financial (“What would I like to achieve as a business person that will improve the community I live in?”). With all successful plans, it is normal to start with the end in mind and then work backwards to determine what you need to do to make it happen! By allowing us to assist you to work out what you would like to achieve, we can show you what resources will be required and whether the plan is possible given your current environment. We can show you that by having a plan and a system to monitor, this will lead you to less stress, better health and a much better lifestyle!
Business Benchmarking
By comparing your business’s operations against others in the industry, we can quickly identify the strengths, weaknesses, threats and opportunities to your business. This means that we can advise you where you sit in relation to the competition and how you can improve the performance of your business.
Business Succession Planning
Succession refers to the transfer of the ownership and/or management of a business. Ownership succession focuses on who will own the business, when and how that will happen. Management succession focuses on who will run the business, what changes will occur and when the new manager will be accountable for the results. Ensure that you are aware of all alternatives and the benefits of each before deciding on your exit strategy.
Business Services
MBR Group offers an extensive range of Business Services to a wide range of businesses. We offer advice for all stages of a business from its creation to its closure. As the life of a business progresses there are a number of issues that it will face. Below are some of the more common issues that a business will face in its lifetime and we will provide you with advice and assistance on these issues.
- Business Structure
- Business Planning
- Business Finance
- Business Compliance and
- Financial Reporting.
Taxation Services
Taxation in Australia is dynamic and in constant change. MBR Group can offer you a wide variety of taxation services. Taxation of Individuals, Taxation for Businesses, Goods & Services Tax, and Fringe Benefits We keep you up to date with all current tax issues and regulations. Whether you are an individual taxpayer or you have a group of businesses we are able to provide you with numerous taxation services.
To learn more about a specific area of taxation please contact us.
Superannuation
MBR Group is a one stop shop for all you superannuation administration needs. We can look after the establishment of Self Managed Superannuation Funds, Preparation of Financial Statements for Self Managed Superannuation Funds and can arrange the external Audit of Financial Statements for your Self Managed Superannuation Fund.
10X Coaching Club
Our 10X Coaching Club is a proven system for assisting your business to:
- Grow your revenues;
- Grow your profits;
- Increase the value of and protect your business asset;
- Better map your vision for the future;
- Improve your time management;
- Improve your team;
- Improve your systems;
- Improve customer service;
- Improve your structures;
- Improve your marketing;
- Lift your sales results;
- Develop your leadership skills;
- Review your Business Planning and overall management; and
- Impact your quality of life by having you spend less time in the business with far better results.