Where did my profit go?

I have had many conversations with clients in tax planning or after the year end accounts have been prepared about that year’s results where I have told the client exactly what profit they have made for the year. I am often hit with the question then “you tell me we have made this profit, so…

What to do to prepare your business for sale

Further to my last blog post regarding “What is my Business Worth” I thought I would go the next step and give some guidance on what you need to do in preparation for selling your business to get the highest value for your business. As you will have picked up from my previous post on…

What is my business worth?

I am asked this question regularly. When I asked a real estate agent what my house was worth, surprisingly, instead of trying to impress me with an inflated value, he said “what someone will pay on the day to buy it”. This is the same for your business.  It is ultimately worth what someone else…

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Welcome to my blog

My name is Michael Goodrick and I am the managing partner of Stanley & Williamson, a boutique firm of Chartered Accountants  and Business Advisors situated in Kirribilli in Sydney. I have been in public practice for nearly 30 years and feel that during this time I have just about seen it all!  While I have…