SKC ACCOUNTING · AUSTRALIA

Family-Owned Businesses

When the Business and the Family Are Closely Connected

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Australia-wideRemote-first support

Personal supportBuilt around your business

Clear directionPractical conversations

UNDERSTANDING YOUR BUSINESS

Support that starts with understanding.

Family-owned businesses can exist in almost every industry.

They may include:

  • trade businesses

  • construction businesses

  • retail stores

  • hospitality businesses

  • professional practices

  • healthcare businesses

  • transport businesses

  • manufacturing businesses

  • property-related businesses

  • service businesses

  • businesses operated across several generations.

What Makes a Family Business Different?

Family businesses often involve more than ordinary business decisions.

Questions may arise around:

  • who works in the business

  • how family members are paid

  • who owns what

  • how profits are shared

  • bringing younger family members into the business

  • business growth

  • succession

  • retirement

  • what happens when someone wants to leave

  • how the business may eventually pass to the next generation.

These can be financial decisions and family decisions at the same time.

Illustrative Australian business professional

How SKC Accounting Can Help

We provide clear accounting and financial information that can help family members better understand the business.

Our support can include:

  • financial statements

  • management reporting

  • cash-flow planning

  • budgeting

  • taxation

  • business structure discussions

  • business performance reviews

  • longer-term financial planning discussions.

Where legal, succession, estate-planning or financial-planning expertise is required, we can work alongside appropriately qualified professionals.

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Let’s Talk About Your Business

A useful first conversation starts with what your business does, what is creating pressure and what you would like to improve. Book a Complimentary Initial Consultation to discuss the support that may suit your circumstances.

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