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WELCOME TO HIGHWAY61

Your trusted partner for expert accounting and financial solutions. We’re here to simplify your finances, save you time, and help you achieve your financial goals with confidence.

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Guiding You to Financial Success

I’m Scott Pheby, a fully certified accountant with over 30 years of experience navigating the ins and outs of accounting, tax planning, and business strategy.

What’s behind the name 'Highway 61'?

Internal Audits: Conducting audits within the organisation to assess and improve internal controls, processes, and risk management.

External Audit Support: Preparing for third-party audits by organising and presenting financial records to meet auditing standards.

Compliance Audits: Ensuring adherence to industry regulations and internal policies.

SERVICE OVERVIEW

Budgeting and Forecasting: Developing budgets based on historical data, projected revenues, and expenses, and creating financial forecasts.

Financial Modelling: Building models to predict financial outcomes, assess risk, and plan for future financial scenarios.

KPI Development: Identifying and monitoring financial and operational key performance indicators (KPIs) that align with business goals.

Tax Preparation and Filing: Preparing and submitting tax returns to meet local, national, and international tax requirements.

Tax Strategy: Creating tax-efficient strategies to minimise tax liabilities while maintaining compliance.

Audit Support: Assisting in case of tax audits, providing necessary documentation, and managing communication with tax authorities.

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BLOGS

Financial Statements Preparation: Compiling and reviewing financial statements such as balance sheets, income statements, and cash flow statements.

 

Regulatory Compliance: Ensuring that the business complies with relevant laws and financial regulations, which may vary by region or industry.

 

GAAP/IFRS Compliance: Ensuring that financial reports adhere to Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).

Risk Assessment: Identifying and analysing financial risks that may impact the business and developing mitigation strategies.

 

Internal Control Design: Implementing control systems to monitor and reduce risk exposure.

 

Fraud Detection and Prevention: Developing systems to detect and prevent financial fraud within the organisation.

Valuation Reports: Assessing the value of a business for purposes such as mergers and acquisitions, selling the business, or raising capital.

 

Due Diligence: Providing comprehensive due diligence for potential investments, acquisitions, or partnerships.

Asset Valuation: Estimating the fair market value of assets, including intellectual property and intangible assets.

Cash Flow Forecasting: Analysing cash inflows and outflows to maintain optimal liquidity.

Working Capital Optimisation: Helping businesses optimise accounts receivable, accounts payable, and inventory to improve cash flow.

 

Debt and Credit Management: Developing strategies for managing debt and credit lines effectively.

Mergers and Acquisitions (M&A): Providing financial due diligence, valuations, and deal structuring for mergers, acquisitions, and divestitures.

 

Investment Analysis: Evaluating potential investments and providing recommendations based on risk, return, and strategic fit.

 

Exit and Succession Planning: Advising on business exit strategies, including valuation, timing, and tax implications.

ERP and Financial System Implementation: Advising on the selection, implementation, and integration of enterprise resource planning (ERP) and accounting software.

Data Analytics and Reporting Tools: Using data analytics to provide insights and enhance decision-making.

Automation of Financial Processes: Introducing tools to automate processes like invoicing, payroll, and expense tracking to improve efficiency and reduce errors.

Budgeting and Forecasting: Developing budgets based on historical data, projected revenues, and expenses, and creating financial forecasts.

Financial Modelling: Building models to predict financial outcomes, assess risk, and plan for future financial scenarios.

KPI Development: Identifying and monitoring financial and operational key performance indicators (KPIs) that align with business goals.

Tax Preparation and Filing: Preparing and submitting tax returns to meet local, national, and international tax requirements.

Tax Strategy: Creating tax-efficient strategies to minimise tax liabilities while maintaining compliance.

Audit Support: Assisting in case of tax audits, providing necessary documentation, and managing communication with tax authorities.

Risk Assessment: Identifying and analysing financial risks that may impact the business and developing mitigation strategies.

 

Internal Control Design: Implementing control systems to monitor and reduce risk exposure.

 

Fraud Detection and Prevention: Developing systems to detect and prevent financial fraud within the organisation.

Valuation Reports: Assessing the value of a business for purposes such as mergers and acquisitions, selling the business, or raising capital.

 

Due Diligence: Providing comprehensive due diligence for potential investments, acquisitions, or partnerships.

Asset Valuation: Estimating the fair market value of assets, including intellectual property and intangible assets.

Financial Statements Preparation: Compiling and reviewing financial statements such as balance sheets, income statements, and cash flow statements.

 

Regulatory Compliance: Ensuring that the business complies with relevant laws and financial regulations, which may vary by region or industry.

 

GAAP/IFRS Compliance: Ensuring that financial reports adhere to Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).

Internal Audits: Conducting audits within the organisation to assess and improve internal controls, processes, and risk management.

External Audit Support: Preparing for third-party audits by organising and presenting financial records to meet auditing standards.

Compliance Audits: Ensuring adherence to industry regulations and internal policies.

Cash Flow Forecasting: Analysing cash inflows and outflows to maintain optimal liquidity.

Working Capital Optimisation: Helping businesses optimise accounts receivable, accounts payable, and inventory to improve cash flow.

 

Debt and Credit Management: Developing strategies for managing debt and credit lines effectively.

ERP and Financial System Implementation: Advising on the selection, implementation, and integration of enterprise resource planning (ERP) and accounting software.

Data Analytics and Reporting Tools: Using data analytics to provide insights and enhance decision-making.

Automation of Financial Processes: Introducing tools to automate processes like invoicing, payroll, and expense tracking to improve efficiency and reduce errors.

Mergers and Acquisitions (M&A): Providing financial due diligence, valuations, and deal structuring for mergers, acquisitions, and divestitures.

 

Investment Analysis: Evaluating potential investments and providing recommendations based on risk, return, and strategic fit.

 

Exit and Succession Planning: Advising on business exit strategies, including valuation, timing, and tax implications.

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