Listed below are the Specialist Services we offer. This list is by no means exhaustive, and our team of friendly staff are more than happy to talk about any services not listed here that you might require.
Acquisitions & Mergers
Estate Planning
As unpleasant as the task is, estate planning is one of the necessities of life. Knowing your hard-earned assets will be dealt with in the manner you choose provides peace of mind.
For business owners, a plan for succession of ownership is essential. We can guide you through the process of providing for business continuity.
The executor and trustee of a will is required to perform a number of duties. At Wallace Diack we are experienced in estate planning and can guarantee no deviation from the succession plan for your assets.
The areas of estate administration we can assist with include:
- Meeting to discuss objectives for your estate
- Confirming assets – Valuations, inventories, and appraisals
- Court approval for a grant of administration
- Documentation involved in estate planning
- Protecting the assets
- Paying taxes and debts
- Estate distribution
- Administration Act
Farm Accounting
Farm accounting involves specific business, financial, and taxation issues, and a specialist understanding of the industry. At Wallace Diack we keep abreast of the developments in both the farming and accounting industries, ensuring we are uniquely placed to provide up-to-date, accurate advice.
Our services include:
- Farm budgeting and cash flows
- Farm sales and purchases
- Ownership structures
- Preparation of financial statements
- Taxation
- Seasonal planning
- Succession planning
Rental Property
At Wallace Diack we have the expertise required to assist you in a variety of areas relating to residential and commercial property. The services we offer our rental accounting clients include:
- Advice on purchasing a property
- Reviews of lease agreements
- Advice on funding
- Guidance on tax minimisation
- Advice on ownership structure
- Periodic reviews to ensure returns are maximised
The importance of forecasts in making a residential investment cannot be emphasised enough. We can provide you with forecasts for:
- Revenue returns
- Financial position
- Potential growth
Contact us today for more information on how we can assist you in the business of rental properties!
Selling a Business
Selling a business can be a difficult, disheartening time, and the tasks involved can seem particularly arduous. At Wallace Diack we remove the stress from the process.
The services we provide for preparing to sell a business include:
- Obtaining comparative results
- Establishing a realistic sale price
- Taking the business to the market
- Negotiating with potential purchasers
- Drafting a contract
Our friendly, professional staff can help you obtain a maximum return for your business.
Succession Planning
To ensure the long-term success of your business, it is critical to establish a well-designed succession plan. Coordinating the transition of your business to your successors can be an arduous process. However, with our years of experience we can address the complex issues of business continuation, removing the stress from your shoulders.
Contact us for more information on forming a plan that facilitates a hassle-free continuation of your business!
Trusts
A trust provides a valuable way of protecting the assets you have accumulated for the benefit of others. Our extensive experience with trusts enables us to offer specialist advice on trust formation and ensures all statutory requirements are met. Obligations for trustees can often be onerous, and our assistance in trust administration can prove invaluable.
We can assist with:
- Preparing and executing the vital documentation required for trust formation
- Attending to the special requirements involved in reporting for trusts
- Trust administration
- Minute-keeping service
- Annual accounts
- Taxation
- Asset management
- Investment monitoring
- Income distribution
Contact us today to ensure your trust is formed and administered as effectively as possible, covering all legal requirements and guaranteed to fulfil its purpose!
Business Valuations & Property Valuations
Am I getting the best price for the sale of my business? Is the asking price too much? An independent valuation provides you with answers to the questions you often need to ask about the value of a business or property.
We are trained and experienced in business valuations and can provide you with simple guidelines and formulae to determine the value of your business or property. We can also appear in court or for arbitration as expert witnesses in relation to business valuations.
Choose Wallace Diack for a professional, accurate valuation service!
