Daley & Co - Company Research Report

Company Overview

• Name: Daley & Co

• Mission: Daley is committed to delivering guidance and clarity that enables individuals and organizations to confidently see, own, and unlock their financial and commercial potential.

• Founded: 1965

• Founder: David Daley

• Key People:

• Lachlan Smith (Partner, effective from July 1, 2024)

• James Doughty (Partner, effective from January 1, 2024)

• Alan Naughton (Stepping down as Partner, continuing as Business Advisor)

• Other Partners include Brendan Jones, Michael Quinn, Andrew Stephenson, Michael Mundt, Stephen Milgate, and Enzo Frino.

• Headquarters: Wollongong, Australia

• Additional Locations:

• Bowral: Suite 12, 295 Bong Bong Street, Bowral NSW 2576

• Sydney: Suite 4, Level 7, 189 Kent Street, Sydney NSW 2000

• Number of Employees: No information is available

• Revenue: No information is available

• Known for: Daley & Co is recognized for its long-standing provision of professional business services, including Accounting & Tax, Audit, Finance, Financial Planning, and Self-Managed Superannuation Funds (SMSFs).

Products and Services

Services Offered

• Accounting & Tax: Providing expert advice to optimize tax efficiency and help businesses comply with tax regulations.

• Audit: Comprehensive audit services aimed at providing clear and thorough financial evaluations.

• Finance: Tailored finance solutions to assist businesses and individuals in achieving their financial goals.

• Financial Planning: Strategic financial planning services to help clients grow and secure their financial future.

• Self-Managed Super Funds (SMSFs): Offering control and support in managing personal superannuation funds.

Key Features

• Integrated Services: Daley & Co provides a comprehensive range of financial services under one roof, demonstrating a client-centered approach to meet diverse needs.

• Expert Guidance: Professional, experienced staff offer necessary advice and assistance, aiming to save clients money, time, and stress.

Recent Developments

Changes in Leadership

• Lachlan Smith will join the partnership group effective July 1, 2024, after 18 years of service in the tax and business advisory team at the Bowral office.

• James Doughty will be admitted as a Partner effective January 1, 2024, after 21 years in the superannuation, taxation, and business advisory team.

• Alan Naughton will step down as a Partner effective January 1, 2024, transitioning to a role as a valued Business Advisor.

In Memoriam

• The founder, David Daley, passed away in late 2023. David played a crucial role in shaping the firm's culture and success since taking control in 1965.

Other Developments

• There is an ongoing series on succession, estate planning, and managing inheritance, helping clients understand complex tax implications.

• 'Downsizer' Contribution Utilization: Notably, over 57% of contributors during 2023-24 were women, with efforts to facilitate contributions to super funds.

• Payday Super Legislation: Beginning July 1, 2026, employers will be required to pay superannuation guarantees on the same cycle as salary payments, modifying the current quarterly sequence.

Strategic Focus

• Daley continues to invest in people and service offerings, with plans to incorporate digital platforms to enhance client interactions without compromising personal client service relationships.