Budgeting

A good budget is a necessity for a good business plan. It is one of the best business tools you can have, enabling you to set financial targets and measure your performance.

The techniques we utilise to form financial projections enable you to consider future scenarios and provide you with goals to strive for in your business.

In addition to goal-setting value, budgets will often improve your chances of acquiring funding. Financiers often require forecasts as a prerequisite for funding approval.

The techniques we utilise to form financial projections enable you to consider future scenarios and provide you with goals to strive for in your business. There are many types of budgets. We can help you design the right budget for your requirements.

Let us show you how a budget can provide feedback that helps you prepare for the future of your business!

Buying/Selling a Business

Buying a Business

There are several scenarios where you might wish to acquire a business enterprise. Whatever the situation, Harrington McNamara can remove the stress from the process and maximise the opportunity for you.

Whether you are considering buying a business or merging with another business, we have the experience and expertise required. Are you getting a good deal? Is the business right for you? Can you afford it? Have all avenues for future growth been investigated? We ask the right questions and find the required answers.

The services we provide incorporate every stage of the process from identifying potential acquisitions and negotiating the commercial elements of the transaction to forecasting the future of the business. Our services include:

• A review of your goals and objectives
• Due diligence services
• Preparation of financial forecasts
• Advice on potential pitfalls and rewards involved in a merger
• Assistance with purchase negotiations
• Advice on financing
• Assistance with preparing a business plan

Drawing on the skills of professionals reduces your chances of purchasing an unsuitable business. Let Harrington McNamara show you how our experience can save you stress and provide you with the great opportunity a business acquisition or merger can be!

Selling a Business

Selling a business can be a difficult, complex time, and the tasks involved can seem particularly arduous. At Harrington McNamara we remove the stress from the process.

The services we provide for preparing to sell a business include:

• Obtaining comparative results
• Establishing a realistic sale price
• Taking the business to the market
• Negotiating with potential purchasers
• Drafting a contract

Our friendly, professional staff can help you obtain a maximum return for your business.

Cash Flow Forecasting

Are you holding too much inventory? Is this the right time to expand your business? Are you going to have enough cash to pay all expenses every month? Surviving in today's business climate requires you to spend more time working on your business than in it.

We can provide you with accurate, timely, informative cash flow forecasting reports that enable you to:

• Realise and understand when cash is available
• Plan and prepare for expansion, stock control, and taxes
• Analyse and anticipate key expenses

Equipped with this information, we'll work with you to develop action strategies that improve your bottom line.

Company Secretary

Company legislation requires businesses to perform many administration tasks that take up a lot of valuable company time. The last thing you need as a business owner is the stress of trying to ensure you are complying with The Corporations Act.  The potential threat of penalties for failing to keep up with the changing rules is too great a risk to take.

At Harrington McNamara we are able to relieve this burden for you. Our services include:

• General advice on company law
• Company formations
• Filing annual returns on your behalf
• Preparation of all documentation related to minutes and resolutions
• Maintenance of statutory books and registers
• Assistance with changes of directors, shareholders, addresses, and office details
• Bonus issues
• Share transfers
• Registered office facility

Estate Planning

As unpleasant as the task is, estate planning is one of the necessities in life. It provides peace of mind knowing your hard earned assets will be dealt with in the manner you choose.

For business owners, a plan for succession of ownership is essential. We can guide you through the process of providing for business continuity.

The executor and trustee of a will is required to perform a number of duties. At Harrington McNamara we are experienced in estate planning and can guarantee the succession plan for your assets will be held to.

The areas of estate administration we can assist with include:

• Meeting to discuss objectives for your estate
• Confirming assets - valuations, inventories, appraisals
• Documentation involved in estate planning
• Protecting the assets
• Paying taxes and debts
• Estate distribution

Rental Property

At Harrington McNamara we have the necessary expertise to assist in a variety of areas in relation to residential and commercial property. The services we offer our clients include:

• Advice on purchasing a property
• Reviews of lease agreements
• Advice on funding
• Guidance in tax minimisation
• Advice on ownership structure
• Periodic reviews to ensure returns are maximised

The importance of forecasts in making a residential investment cannot be emphasised enough. We can provide you with forecasts for:

• Revenue returns
• Financial position
• Potential growth

Trusts

A trust provides a valuable way of protecting the assets you have accumulated for the benefit of others. Our extensive experience with trusts enables us to offer specialist advice on trust formation and ensures all statutory requirements are met. Obligations for trustees can often be onerous, and our assistance in trust administration can prove invaluable.

We can assist with :

• Preparing and executing the vital documentation required for trust formation
• Attending to the special requirements involved in reporting for trusts
• Trust administration
• Minute keeping service
• Annual accounts
• Taxation
• Asset management
• Investment monitoring
• Income distribution