Business Owners and Individuals

Secure your future!

Management Accounting

Traditionally, management accounting is what most business clients expect from their accountants, usually in the form of a concise summary of the previous year’s trading and financial position.

For some business owners this is enough. However, as we say to our clients, there is nothing about the past we can change. Once the year has come to an end, any opportunities for planning or reacting to market opportunities are foregone for another year.

For many of our clients, we currently prepare monthly or quarterly management accounts, which allow them to make smart business decisions based on up to date financial information. These can be customized to suite the business and the owner’s requirements.

Various tools are used to analyse this information to provide fuel for discussion and action.

We have also found growing need for regular management reporting to financial institutions. In many cases our clients' financiers perform a regular (either monthly or quarterly) review of our clients' management accounts as part of their formal financing arrangement.

Management accounting, combined with some of our other business services are an essential part of any successful and growing business.


A good budget is an essential management and planning tool in any business.  It allows us to set financial targets and measure performance.

As with management accounting, financiers are now looking at their relationships with clients with a long-term view, and as such, view budgets and forecasts as an essential part of assessing current and future finance applications.

The techniques we utilize in the formation of financial projections will allow you to consider future scenarios and give you goals to strive for in your business. There are many types of budgets and we can help you design the right budget for your needs and requirements.

Let us show you how a budget is able to provide feedback to allow you to prepare for the future of your business.

Business start-up

Let us help you turn your business idea into a reality.

If you have a good idea for a new business venture but don't have expertise in the legal or financial aspects of creating a new business, we can help you:

  • -Decide on the most suitable structure for your business sole trader, partnership, trust or company
  • -Prepare a business plan, cashflow projections, budgets, and trading forecasts
  • -Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
  • -Establish a good working relationship with your bank
  • -Prepare and lodge all necessary applications for registration with the ATO
  • -Complete registration procedures with Australian Securities and Investments Commission
  • -Deal with company secretarial issues
  • -Set up a recording system for your internal use and for complying with statutory requirements
  • -Work with your solicitor to draft appropriate business agreements.
  • -Set up reporting systems, financial and non-financials, appropriate to your business.

Strategic planning

The pressures of daily business can often mean strategic planning takes a back seat - but to have a successful business you must plan ahead.

We'll help you establish a strategic plan that looks at where you want your business to be in the next 3-5 years and how you and your team can achieve these aims and objectives.

Your strategic plan will:

  • -Define the characteristics of your business
  • -Identify your competitors and analyse your threats and opportunities
  • -Define your objectives and financial goals
  • -Put in place an effective implementation plan to achieve your goals

We live and work in a dynamic environment, so Strategic Planning is not a set and forget process.  It is ongoing and needs to be reviewed frequently to ensure you are meeting your desired objectives.

Management Advisory

ESB, is not unlike your business, we have goals, targets and objectives just like you.  In this way, we understand what it is like to manage and run a successful operation.  As business owners, we take time out of our business, to work on our business, and encourage our clients to do the same.  This is an important part of management.

In order to do this, you need information, analysis and a forum to discuss issues.

In conjunction with our management accounting and budgeting services we are able to provide meaningful financial information for analysis and comparison.  We look at key indicators and trends and discuss these in the context of your operating environment.

We set aside several hours or a day as the case may be, either monthly or quarterly or as needed, to review finances, strategic plans, discuss opportunities and threats, or simply talk about burning issues that are relevant to you and your business.

Often clients like to meet as a board, so that the management team can be present and discuss issues in an open forum.  Our experience across many business sectors combined with our sound knowledge of your business, allows us to participate in a coaching or mentoring capacity, to allow free flow of ideas and open discussion on issues.

Business Systems & Software

A business revolves around systems.  Its survival depends on internal controls and record keeping.

A good accounting system will help you keep track of your cashflow, allow you to complete activity statements accurately, and provide you with the necessary information to make informed decisions on the operation and growth of your business.

An accounting system is more than just a computer program.  It encompasses all the manual processes, procedures and controls that govern its setup, operation and review.

Choosing the right system for your business can be a difficult one as there are so many to choose from.  Here at ESB s we have invested considerable resources into on-going training of our team to ensure we are able to recommend the best accounting solution for your business.

Statutory Compliance

ESB has comprehensive systems which are able to manage your Company's and Trust's Statutory obligations.

Our services include:

  • -Maintenance of Statutory Registers
  • -Changes to directors/shareholders
  • -Changes to share structures and capital maintenance
  • -Preparation of resolutions, notices, minutes, letters and declarations that affect the Company's or Trust's structure or management
  • -Providing a Registered Office for the company for servicing of legal documents and ASIC correspondence
  • -Lodgement of forms with the ASIC for compliance purposes

GST Management

The new tax system is complex and confusing. For this reason, ESB s ensures its team is continuously up to date with the changes, and able to offer you accurate advice.

Every transaction now brings with it a GST issue. We have experience with these issues and are able to offer expert advice on the implications of GST for your business. The GST related services we offer include, but are not limited to:

  • -Advice on registering for GST
  • -Filing and adjusting GST returns
  • -Advice on the implications of various transactions and issues that may be affected by GST
  • -ATO audit assistance


At ESB s we offer a full range of taxation services. Our team is not only well trained and always updating themselves, but have a wealth of practical experience in many facets of taxation in business.  Our proactive approach ensures we deliver a consistent service and build solid relationships which stand the test of time.

Taxation can be a major cost to your business. We will work in partnership with you to minimise your tax and help you achieve your key objectives.

We provide a complete service of help and advice in all of the following areas:

  • -Taxation advice and preparation of income tax returns
  • -Payroll Tax advice and preparation of returns
  • -FBT advice and preparation of returns
  • -Other State Taxes and Duties
  • -Advice on and implementation of tax effective structures for asset protection and tax minimisation

In addition to our own skills and knowledge, we have business partners in the 'Big Four' and 'second tier' accounting firms who are specialists in the above areas, and provide independent advice on complex issues.

Management of any ATO Audits or disputes

ESB has extensive experience in liaising with the Australian Taxation Office and other Government Departments.  We have found that our proactive approach in managing ATO enquiries and requests for information significantly reduces the incidents of ATO enquiries, which can be frustrating and time consuming.  Also, by assisting our clients to better manage their relationship with the ATO, this increases the ATO's confidence in our clients' ability to manage their affairs.

Consulting Services

There are sometimes needs and issues that fall outside the normal taxation and accounting services.  ESB with its wealth of experience and practical approach to problems, is able to consult on a variety of Projects for clients.

Without limiting the generality of this service, some areas which we consult in include:

  • -Due diligence
  • -Review and report on existing management systems and processes
  • -Review and report on existing accounting systems and processes
  • -Advice on re-structuring and re-engineering processes

Buying and Selling a Business

Buying or Selling a business can be difficult.  Buying a business is often an exciting yet daunting prospect, while selling a business can be both an exciting yet disheartening time.

Both involve significant time in analysing opportunities and risks, and ensuring you are maximizing your benefits.  Here at ESB s we are able to relieve some of that stress for you.

The services we provide in relation to organising the buying or selling of a business include:

  • -Obtaining comparative results
  • -Establishing a realistic sale/buy price
  • -Liaising with business brokers
  • -Negotiating with potential purchasers
  • -Advice on the taxation and GST aspects of the business sale/acquisition
  • -Liaising with legal professionals in relation to the drafting of a contract
  • -Structuring the sale to maximise your after-tax return

Our friendly and professional team have years of experience in buying and selling businesses and are able to assist you in achieving the best result, with minimum fuss.

Management and Succession Planning

In ensuring the long-term success of your business, it is critical to establish well-designed management and succession plans.

Whether you are trading as a director/single shareholder company or as a multiple business owner, management structure is critical to the continuity of the business operation.  What happens if you are taken ill, or need/want to take an extended leave of absence?  Will your business survive?

  • -How is your business managed?
  • -Who makes decisions?

While these questions may be clear in a simple structure, boundaries can become blurred when you have more than one business owner, or a multi-tiered management structure.  Clear guidelines and contingencies need to be documented to ease frustration and allow the business to continue with little intervention.

Succession is the long-term goal of all business owners.  Some have key personnel or co-business owners which they would like to step up to the mark, and other more family-oriented business, would like their siblings or other relatives to take on the management roll.  In either of these situations, it is important that clear guidelines are set early so that all interested parties have some clarity with their future.

Too often, we have seen businesses cease functioning without a successor being appointed.  Ensuring coordination of 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, taking the stress off your shoulders.