Specialist Services


Trusts


A trust provides a valuable way to protect 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
  • Completing the trust administration:
  • Minute-keeping service
  • Annual accounts
  • Taxation
  • Asset management
  • Investment monitoring
  • Income distribution


Contact us today to ensure your trust is formed and administered as effectively as possible, covering all legal requirements and guaranteed to fulfill its purpose!


Business Acquisition


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


Whether you are considering buying a business or commencing your own business, we have the experience and expertise you require. 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 cover 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 the potential pitfalls and rewards involved
  • Assistance with purchase negotiations
  • Advice on financing options
  • Assistance with preparing a business plan


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



Company Secretary


Company legislation requires businesses to perform several administration tasks that take up a lot of valuable company time. The last thing you need as a business owner is to be stressed out trying to ensure you comply with the Corporations Law. The possible threat of penalties for failing to keep up with the changing rules is too great a risk to take.


At MGS Accountants we can relieve this burden for you. Our services include:


  • Company formations
  • Filing annual returns on your behalf
  • Preparing all documentation related to minutes and resolutions
  • Maintaining statutory books
  • Assistance with changes of directors, shareholders, addresses and office details
  • Bonus issues
  • Share transfers
  • Registered office facility


Please contact us for further information on how we can help you get back to running your business.


Estate Planning


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


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 are required to perform a number of duties. At MGS Accountants we are experienced in estate planning and can ensure the succession plan for your assets are carried out.


The areas in estate administration that we can assist with include:


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



Farm Accounting


Farm accounting involves specific business, financial and taxation issues. At MGS Accountants we keep abreast of developments in farm accounting legislation ensuring we are uniquely placed to provide up-to-date, accurate advice.


Our services include:


  • Farm budgeting and cash flows
  • Farm sales and purchases
  • Ownership structures
  • Preparation of financial statements
  • Taxation
  • Seasonal planning
  • Succession planning

Human Resources


Your most valuable asset is your staff. In recognition of this and in line with our aim to help you make the most of your business, we provide a recruitment selection service for clerical and accounting staff selection. 


We can assist with:


  • Recruitment and Selection:
  • Assistance with advertising for employees
  • Shortlisting and interviewing
  • Reference checking
  • Psychometric testing
  • Remuneration:
  • Support in administering the payroll
  • Advice on remuneration levels
  • Guidance with incentive and bonus schemes

Information Technology


We live in a computerised age where technology enables us to enhance a wide variety of business processes. Using software and hardware effectively can provide enormous benefit to your business.


Here at MGS Accountants we have embraced computerised systems, ensuring our experienced, trained professionals can:


  • Discuss the best system to further your business
  • Install and configure software to suit your purposes
  • Recommend processes to make your computer system more secure
  • Suggest accounting software applications suitable for your business
  • Train clients to be self-sufficient users of a range of software applications
  • Offer advice on electronic banking


Whether you are thinking about obtaining new computer hardware or looking at completely changing your business systems, our team is willing and able to assist you.


Rental Property


At MGS Accountants we have the expertise required to assist you in a variety of areas relating to residential and commercial property.


The services we offer include tax implications in relation to:


  • 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


Contact us today for more information on how we can assist you in the business of rental properties!


Self-managed Superannuation Funds


As the Government encourages Australians to take responsibility for and reach their financial retirement goals, they are repeatedly required to deal with superannuation funds. Self-managed superannuation is a means of saving for retirement. It enables you to control your investment strategy, reduce tax while obtaining tax benefits and control administration costs.


Superannuation law is a delicate area and personalised planning is required for each individual. The tax laws and documentary requirements required to set up and administer a self managed superannuation fund are extensive and subject to change on a regular basis. 


MGS Accountants can assist you to effectively reach your financial retirement goals with the following:


  • Obtaining a trust deed
  • Appointment of trustees
  • Signing a trustee declaration (NAT 71089)
  • Election to become a regulated fund
  • Obtaining a tax file number (TFN) and Australian Business Number (ABN)
  • Preparation and lodgement of Annual Return with the ATO
  • Preparation of pension documentation
  • Appointment of fund auditor
  • Advice on compliance matters
  • Advice on taxation benefits
  • Advice on employer obligations


At MGS Accountants we provide the professional service necessary to set up administer your own fund and greatly simplify the process for you. 


Selling a Business


Selling a business can be a difficult, disheartening time and the tasks involved can seem particularly arduous. At MGS Accountants we take the unwanted burden from you.


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
  • Perusing a contract

Our friendly, professional team will help you obtain a maximum return for your business.


Succession Planning


To ensure the long-term success of your business, it is critical to establish a well-designed succession plan. Coordinating the transition of your business to your successors can be an arduous process. However, with our years of experience we can address the complex issues of business continuation, removing the stress from your shoulders.


Contact us for more information on forming a plan that facilitates a hassle-free continuation of your business!

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