Services for Business

Modern business demands up to date accurate financial information. At Collins Hume we offer a full range of services and advice based on proven knowledge and experience. Our proactive approach ensures we build solid relationships and deliver a consistent service all year round, not just at tax time.


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

Accounting and Bookkeeping

We can relieve you and your staff of an enormous burden by taking care of all your bookkeeping and accounting needs, including the preparation of your annual accounts and periodic management accounts for tax, business appraisal and planning purposes. We will discuss your requirements with you and provide you with tailored information and constructive advice on a regular basis.

GST Management

Australia's GST system is a complex and confusing one. Every transaction 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 techniques we utilise in the formation of financial projections 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.

Cash flow forecasting

Have you ever wondered if you are 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? We can provide you with accurate, timely and informative cash flow forecasting reports allowing you to realise and understand when cash is available, plan and prepare for expansion, stock control and taxes as well as analyse and anticipate key expenses.


Do you wonder how your business is performing compared to your competitors? Are you spending enough on advertising? Are you paying too much rent? Are your staff costs too high? What is the average bottom line of similar businesses?

Survival in today's business climate requires you to spend more time working on your business rather than in the business. We can provide accurate and informative benchmarking statistics that allow you to see how your business compares against others in your sector, understand how the rest of your industry works and analyse the key performance indicators of your industry. Armed with this information, we can work with you to develop action strategies to improve your bottom line.

Better Business Program

Collins Hume's Better Business Program is designed to help business owners identify where the key risks and opportunities lie so strategies can be put in place to improve profitability and grow business value. The program works because it assists business owners to obtain a better understanding of key business issues. There are just three components – assessment, workshop and planning. Click here to read or download our BBP factsheet.

Board of Advice

The key objective of our Board of Advice program is to support you and maximise your opportunities to achieve your future growth, improvement, succession and estate planning aspirations. You retain complete control over your business.  We provide advice and guidance; we do not make decisions. Instead, we support you as a business owner to improve the profit and value of your business with personalised support where you need it most. Read or download our BOA factsheet.

Grant funding assistance

You pay tax, therefore you should have the opportunity to participate in the billions of dollars' worth of grants and incentives that are available from the Federal, State and Territory governments. Grants can help businesses to improve financial performance by receiving funding or incentives for which they might have a direct entitlement, assist during times of natural disasters and provide industry best practice insight. Let us help you review your business and look at where you want your business to be in the next 3-5 years, with the help of grant funding.

Virtual Chief Financial Officer

A lack of accurate financial information is a major cause of stress and concern for business owners and their families. Appointing a Chief Financial Officer (CFO) in your business is one way to resolve this, but many small businesses can't justify having a full time, experienced CFO. Collins Hume's CFO Program gives you that access to the knowledge and expertise of an external or virtual CFO so you can focus on the critical financial elements of running a successful business including growing sales, managing key operating costs and improving profit and cash flow. Read more about our VCFO assistance here.

Start Up Businesses

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; prepare a business plan, cash flow projections, budgets and trading forecasts; assess and advise on your finance requirements, advise on the best sources of finance, and draw up the necessary proposals and deal with the regulatory issues with financial institution, Tax Office and ASIC.

Company Secretary

Company legislation requires businesses to perform many administration tasks 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 are complying with Corporation Law. The possible threat of penalties for failing to keep up with the changing rules is too great a risk to take. At Collins Hume we are able to relieve this burden for you by assisting with everything from company formations and advice on company law to providing a registered office facility, and everything in between.

Cloud Computing and IT

Technology enables us to enhance a wide variety of business processes. Effective use of software and hardware can provide enormous benefits to your business. Whether you are contemplating adding new computer systems, or looking at completely looking at new technology solutions for your business, our trained team is able to assist.

Mergers and Acquisitions

There are many scenarios in which you might wish to attain a business enterprise. Whatever the situation, we can to take out the stress and maximise the opportunity for you. Whether you are considering buying a business or merging with another business, we have the experience and the expertise to assist. We ask the right questions and find the necessary answers. Are you getting a good deal? Is the business right for you? Can you afford it? Have all avenues for future growth been investigated? The M&A services we provide incorporate every stage of the process – from identifying potential acquisitions, through to the negotiations of the commercial elements of the transaction, through to forecasting the future of the business.

Business Succession Planning

To ensure the long term success of your business, it is critical to establish a well-designed succession plan. Coordinating to transition your business to your successors can be an involved process. However, we can address the complex issues of business continuation, taking the stress off your shoulders. Contact us for more information on forming a plan that allows for a hassle free continuation of your business or read some of our succession case studies.

Selling your Business

Many business owners believe it will be easy to sell their business for the price they want. However, with many more businesses for sale and fewer buyers, smart business owners do not wait and see; they take control of their own future by checking the value of their business on a regular basis as part of their family wealth creation strategy and reduce any chance of what we call 'value gap' risk occurring. Working closely with you as your Value Improvement Business Advisers, we look at your whole business (not just the numbers). We also cross check our assessment against the largest and most accurate valuation benchmark data to validate our calculation.

Rental Property

The importance of forecasts in making a residential investment cannot be emphasised enough. At Collins Hume we have the expertise to assist in a variety of areas in relation to residential and commercial property. Contact us for more information about how we can assist you in the business of rental properties.

Risk Management

A multitude of risks exist in today's business environment. At Collins Hume we pride ourselves on our proven ability to accurately assess risk and to protect you from vulnerabilities inherent in your enterprise. An effective risk management strategy will improve performance, allow completion of goals, and protect the value of your business. Complete our quick business risk survey here and receive our free scorecard.


A Trust can provide a valuable way of protecting the assets you have accumulated for the benefit of others. We have extensive experience and can offer specialist advice on Trust formation, ensuring that all statutory requirements are met.Obligations for trustees can often be onerous, and our assistance in Trust administration will also be invaluable.

Audit Insurance

Audits, reviews and investigations are conducted by the Australian Tax Office (ATO) and other state and federal government agencies to ensure business and tax payer compliance with various tax and legislative requirements such as Income, Land and Payroll Tax, GST, Workers Compensation, Superannuation Guarantee and Compliance Research and Development Grants. The ATO along with other federal and state agencies continue to announce significant increases in their audit activity. The cost of being properly represented in these matters can be quite considerable depending on the time involved. Audit Insurance provides a fixed, cost effective solution to guard against these unbudgeted costs. Collins Hume is able to offer this service to our clients in a few easy steps – ask us how.


Collins Hume
is a CPA Business
Liability limited by a scheme approved under Professional Standards Legislation.