Business Advisory

Welcome to M2 Corporate’s Business Advisory blog, a curated space where we share expert insights, practical advice, and the latest trends to empower your business decisions. As award-winning business advisors, our goal is to provide you with actionable guidance that enhances your strategic planning and financial management.

How to Make a Family Business Succession Plan

April 24, 2025 Business Advisory Comments Off on How to Make a Family Business Succession Plan
Business advisor discussing how to make a family business succession plan

Wondering how to make a family business succession plan that actually works? Start by defining your goals; who will take over, when the transition will happen, and how ownership will be structured. Then, involve your family early, clearly document responsibilities and timelines, and gradually step your chosen successor into leadership.

Once that’s underway, get expert advice. A business advisor can help structure the handover legally and financially, minimising tax and ensuring a smooth transition.

At M2 Corporate, we’ve guided countless family-owned businesses through smooth and successful successions. With decades of experience and industry recognition—including being finalists in the Australian Accounting Awards and winners of multiple Accountants Daily accolades—we bring a depth of knowledge that helps avoid common pitfalls in your succession planning and secure long-term success.

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ATO Audit Guide: Causes, Triggers, Penalties, and How to Prepare

April 1, 2025 Accounting Blogs, Business Advisory Comments Off on ATO Audit Guide: Causes, Triggers, Penalties, and How to Prepare
Business advisor preparing an ATO audit guide

ATO audits can be stressful—but with the right accounting practices and business advisory support, they don’t have to derail your business. Whether you’re a sole trader, a growing SME, or managing multiple entities, understanding the ATO audit process helps you stay prepared and in control.

ATO audits are part of the Australian Taxation Office’s compliance strategy to ensure individuals and businesses are meeting their tax obligations. While they can feel intrusive, audits are often targeted based on specific triggers and conducted professionally. Knowing what’s involved means you can respond calmly, gather what’s needed, and minimise disruption to your business.

This guide explains what to expect if you’re audited, what triggers audits, potential penalties, and how both business accountants and business advisors can support you before, during, and after an audit.

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Cash Flow Planning Guide & Template

March 28, 2025 Business Advisory Comments Off on Cash Flow Planning Guide & Template
Business advisor writing a note in her notepad as part of a cash flow planning strategy

Looking to take control of your business finances? Effective cash flow planning is key to making confident decisions, preparing for growth, and avoiding unnecessary financial stress. Whether you’re a sole trader or running a growing company, having a reliable strategy in place can be the difference between smooth sailing and a financial headache.

A well-managed cash flow strategy gives you clarity on when money is coming in and going out—so you can stay ahead of expenses, invest wisely, and navigate slower months without panic. It’s not just about surviving—it’s about setting your business up to thrive.

That is why our business advisors have prepared this simple cash flow planning guide and template.

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Business Expansion Strategies for Australian Companies

February 28, 2025 Business Advisory Comments Off on Business Expansion Strategies for Australian Companies
Mace Turco explaining business expansion strategies to a business accountant in a team meeting

Are you looking to scale your business or explore new markets? Our business advisors in Perth have outlined their most recommended business expansion strategies that can help your company thrive in competitive environments.

The best business expansion strategies involve thorough market research, strategic entry planning, efficient operational scaling, leveraging diverse funding options, embracing digital transformation, navigating global markets with precise legal and regulatory adherence, and customising solutions to fit specific business needs.

As a recipient of multiple industry awards, our business advisors have offered not only strategic guidance but also practical solutions that drive real results in this blog.

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Current Accounting Industry Trends in 2024

March 15, 2024 Business & Finance News, Business Advisory Comments Off on Current Accounting Industry Trends in 2024
Accountant writing a list

With the increasing adoption of AI, blockchain, and cloud accounting technologies, staying ahead of industry trends is crucial for navigating the changing landscape of the accounting industry.

In my career as an accountant, I have never seen such a rapid change in processes and efficiency as I have in the past two years.

Below, I have outlined the emerging accounting trends in 2024 to help you stay on top of the latest changes in the industry.

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What Do Business Advisors Do?

July 25, 2023 Business Advisory Comments Off on What Do Business Advisors Do?
A business advisor is a strategist who works with your company to help with planning, finances, marketing, and even development.

While many titles in the business world are name-apparent, others sound familiar but leave you unsure about what the job entails. A business advisor is one of these terms. The job title of business advisor became fashionable in the 1970s. However, even in the 21st century, most people only have vague ideas regarding the job’s purpose.

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