Why us?

We focus on building genuine relationships and delivering a personalised service with innovative technology.

Business Accounting

From bookkeeping and cash flow forecasting, to structuring and software solutions, we can help shape you.

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Financial Planning

Through long-term strategies and tailored plans, we want to help you build your wealth to where you want it to be.

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Making decisions about your super isn’t always easy, so get the right advice and guidance to shape your freedom.

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Expert guidance from an expert team.

Don’t let your financial position suffer at the hands of others. Contact us to discover how we can help shape your future.

Benefits of working with us

Get everything you need, under one umbrella

Whether it’s financial advice, individual tax needs or strategies to grow your business, we have you covered. You have everything you need right here, and we only choose products and services that are best for you.

Adviser and Client

Great experience with great technology

We continually push the innovation boundaries to provide our clients the best, streamlined services. We work with the best of breed technology like Xero and DocusSign which gives us more time to focus on you and your needs.

Safety and stability

We don’t outsource any work overseas and we don’t plan to. We truly believe in insourcing. Our highly qualified accountants and financial planners perform all work right here in Australia so your privacy is kept safe.

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Business Succession Planning

Quill can help with business succession planning

When you have built a business up literally by the sweat of your brow, making the decision to hand over control of it to someone else can be a stressful ordeal. Very few people want to see the business they worked so hard to create subsequently fail.

It is essential, no matter what familial obligations or loyalty obligations may be in play, to make sure that whoever ultimately gains control of your business is somebody you trust and somebody who will run it appropriately.

Business succession planning is what helps you with this decision, and also provides you with a clear step by step road map for preparing your successor for eventually taking over the business.

What business succession planning involves

When you plan the succession of your business, you are mainly defining six important things:

  • What conditions the succession should occur under
  • Who should be the successor (or successors).
  • Whether you will continue to have any financial interest in the business
  • Whether you will continue to have any controlling interest in the business
  • What steps need to be taken to prepare the business for the handover
  • What steps need to be taken to prepare the successor for the handover

While in theory this may all sound simple, in practice it can be easy to overlook something if you don’t have any experience in creating succession plans. This is why getting help from Quill is a good idea.

Make no mistake, it is an important task, and one you should start thinking about as early as possible. If you wait until it’s time to start thinking about retirement, your available options will be severely reduced.

One other very important thing which you must not neglect to take into consideration is whether or not your chosen successor actually wants to take over the business. It’s not something you can just take for granted, so you should always check.

Succession planning as a business protection measure

One of the possibilities not mentioned above is that not all succession planning is about passing on control of the business when you retire. Another scenario may involve business partnerships, or small private companies with just a few shareholders, where one of the members in the business dies.

In this case, it may not always be desired for somebody new to step in with a controlling interest in the company, even if they are related to the deceased. How can you prevent this and ensure the “outsider” will only receive a financial interest or financial payout.

A business succession plan can help address situations like this by setting out the procedures that should be put in place to avoid problems upon the death of any of the partners or shareholders in the business.

The most usual remedy involves getting a business valuation and then a mutual life insurance policy which very carefully sets out the conditions of what will happen when somebody dies. Normally the conditions would be that the share of the deceased partner would be “bought” with the proceeds of the insurance policy, with the money ultimately going to a nominated person (usually a relative of the deceased).

A potential flaw in this remedy is that the value of the insurance could massively exceed the value of the business and vice versa. This is why the business valuation should be obtained (and ideally should be updated at least annually). A binding contractual agreement should then be created which specifies the percentage of the nominal business value (as defined by the business valuation) which must be paid out by the remaining members to the successor of the deceased.

A second simpler, less costly, but slightly less legally enforceable method is to divide all of the shares of a company into classes. Class A shares, for example, will have both financial rights and executive control rights attached, while Class B shares may only have financial rights. Upon the death of a member, his or her shares are automatically converted from Class A shares to Class B shares, and the successor will inherit all of the Class B shares.

There are many other possibilities with succession plans too. To find out more, talk to the experts at Quill.

Whether it’s individual or commercial tax needs, financial advice or strategies to grow your business, the Quill Group has you covered!

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Why choose Quill?

A hands-on approach for a customised result, we focus on building a genuine relationship and make sure we get the best outcome for you. Shaping your future is our core value.

Highly qualified and professional staff
Fixed Fee Quotation
Constant Communication
Technology and Innovation
Personal Service
Client Education
With you for the long haul
Quality and Privacy

“A hands-on approach for a customised result. Client satisfaction is our ultimate aim”

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Don’t take our word for it

Here’s what some of our clients have to say!

  • Up until recently I haven't' needed a lot of one-on-one advice but when I have, Geoff Burchill has always been very prompt. Recently I have needed some advice regarding retirement and superannuation and Geoff has given me a lot of time. I have had a 15 year relationship with Geoff as my financial advisor and I have always felt my funds are in good hands.
    Rachael H.
  • Over the last 20 years we have always been very happy with the service Katharine Adderley and the rest of the team have provided for us. We always feel very comfortable and relaxed with the advise they give us.
    Malcolm D.
  • Really happy with your service. Katharine always keep me informed of what is happening. Your visits to Alice is important for me as  I think I get more information by having face to face meetings as questions come up that may not happen if on the phone.
    Jennifer W.
  • “In my circumstances you are very good for me. You explain things so I can understand easily even if I do get muddled some times. You look after me very well. Trust is a word that means a lot to me & I have trust in you doing the best for me. Thank you .”
    Josephine L.

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