Perth Business Accountants

Whether you are

• • 

    Buying An Established Business

    play video Read Instead go to page
    Buying a Business

    See our Advice from Accountants for Buying a Business page.

    Read Key Points & Transcript

    video key points

    • Due diligence is essential in uncovering the truth about a business’s claims, facts, and overall situation, aiding in determining its worthiness for purchase.
    • Comprehensive due diligence, encompassing tax and legal aspects, financial analysis over several years, customer and supplier analysis, and key dependency risks, is advocated over limited due diligence to mitigate substantial financial risks.
    • Limited due diligence may highlight immediate financial health but could miss critical issues like customer dependency risks, leading to potential major revenue losses post-purchase.
    • Examples illustrate the dangers of limited due diligence, including operating against local laws unknowingly, which can result in severe consequences for the business.
    • Always opt for comprehensive due diligence to uncover hidden risks and ensure the business has the best chance for long-term success; consider revisiting negotiation or exploring alternative options based on findings.

    Presented by: Mike Beer

    
    

    video transcript

    Transcript available on the Due Diligence Advice page.

    Buying a Business

    See our Advice from Accountants for Buying a Business page.

    video key points

    • Due diligence is essential in uncovering the truth about a business’s claims, facts, and overall situation, aiding in determining its worthiness for purchase.
    • Comprehensive due diligence, encompassing tax and legal aspects, financial analysis over several years, customer and supplier analysis, and key dependency risks, is advocated over limited due diligence to mitigate substantial financial risks.
    • Limited due diligence may highlight immediate financial health but could miss critical issues like customer dependency risks, leading to potential major revenue losses post-purchase.
    • Examples illustrate the dangers of limited due diligence, including operating against local laws unknowingly, which can result in severe consequences for the business.
    • Always opt for comprehensive due diligence to uncover hidden risks and ensure the business has the best chance for long-term success; consider revisiting negotiation or exploring alternative options based on findings.

    Presented by: Mike Beer

    
    

    video transcript

    Transcript available on the Due Diligence Advice page.

  • or

  • 

    Starting A Business

    play video Read Instead go to page
    Starting a business

    See our Advice from Accountants for Starting a Business page.

    Read Key Points & Transcript

    video key points

    • When establishing a business, foundational decisions can significantly impact tax efficiency, grant accessibility, capital funding and liability safeguarding.
    • Viability and value proposition of the business idea must be critically assessed, considering customer willingness to pay and the scale and sustainability of the market.
    • Start-up entrepreneurs should aim for agility and a deep connection with the entrepreneurial ecosystem, while being vigilant of both visible and hidden costs.
    • Business ownership demands skills beyond domain expertise, including demand creation, team building, and cash-flow management, which are essential for growth and sustainability.
    • Join Munro’s Business Academy for guidance on your entrepreneurial journey, and remember the importance of seeking professional advice early for a proactive approach to business challenges.

    Presented by: Mike Beer

    
    

    video transcript

    Transcript available on the Are you pursuing a viable and worthwhile endeavour? business academy article.

    Starting a business

    See our Advice from Accountants for Starting a Business page.

    video key points

    • When establishing a business, foundational decisions can significantly impact tax efficiency, grant accessibility, capital funding and liability safeguarding.
    • Viability and value proposition of the business idea must be critically assessed, considering customer willingness to pay and the scale and sustainability of the market.
    • Start-up entrepreneurs should aim for agility and a deep connection with the entrepreneurial ecosystem, while being vigilant of both visible and hidden costs.
    • Business ownership demands skills beyond domain expertise, including demand creation, team building, and cash-flow management, which are essential for growth and sustainability.
    • Join Munro’s Business Academy for guidance on your entrepreneurial journey, and remember the importance of seeking professional advice early for a proactive approach to business challenges.

    Presented by: Mike Beer

    
    

    video transcript

    Transcript available on the Are you pursuing a viable and worthwhile endeavour? business academy article.

• 

  Need Help With Tax

  play video Read Instead go to page
  Bare Minimum Tax

  See the Advice from Accountants for Minimising Business Tax page.

  Read Key Points & Transcript

  video key points

  • Tax management can be reactive, dealing with obligations after the fact, or proactive, strategising for future success to minimise tax and compliance hassle.
  • Initial business structuring is crucial for tax minimisation, with ongoing support to navigate tax obligations and strategies to reduce tax liabilities.
  • Close of the financial year involves strategic advice to understand and potentially reduce upcoming tax bills, followed by orderly tax return preparation and lodgement.
  • Munro’s prioritises clear, understandable solutions, ensuring clients can make informed decisions, supported by our high client satisfaction and a proven track record among Australian Accounting Firms.
  • To further explore how to manage your tax obligations proactively and benefit from expert guidance, consider reaching out as your next step.

  Presented by: Christine Prasetia

  
  

  video transcript

  Transcript available on the Business Tax Planning page.

  Bare Minimum Tax

  See the Advice from Accountants for Minimising Business Tax page.

  video key points

  • Tax management can be reactive, dealing with obligations after the fact, or proactive, strategising for future success to minimise tax and compliance hassle.
  • Initial business structuring is crucial for tax minimisation, with ongoing support to navigate tax obligations and strategies to reduce tax liabilities.
  • Close of the financial year involves strategic advice to understand and potentially reduce upcoming tax bills, followed by orderly tax return preparation and lodgement.
  • Munro’s prioritises clear, understandable solutions, ensuring clients can make informed decisions, supported by our high client satisfaction and a proven track record among Australian Accounting Firms.
  • To further explore how to manage your tax obligations proactively and benefit from expert guidance, consider reaching out as your next step.

  Presented by: Christine Prasetia

  
  

  video transcript

  Transcript available on the Business Tax Planning page.

• 

  Raising Capital

  view slides Read Key Insights go to page
  • 
  • 
  • 
  • 
  • 
  • 
  • 
  • 
  • 
  • 

  Key Insights

  key insights

  • Building a startup requires transitioning from an idea to a minimal viable product (MVP), assembling a team, and finding product-market fit, all while considering funding to fuel growth.
  • Founders must decide whether to bootstrap, pursue debt funding, or raise capital, understanding the implications of each choice on business ownership and direction.
  • It’s essential to determine the purpose of raising funds, the minimum viable amount needed, and the maximum necessary to avoid diluting ownership unnecessarily.
  • Different stages of startup funding attract distinct types of investors and funding amounts, with considerations for equity distribution and strategic investor relationships.
  • Entrepreneurs are advised to be prepared for investor negotiations, understand the legal and regulatory implications of raising funds, and maintain transparent communication with investors post-funding.

• 

  Having Trouble Growing Your Business

  view slides Read Key Insights go to page
  • 
  • 
  • 
  • 
  • 
  • 

  Key Insights

  key insights

  • Truly unlocking business growth requires delving into the root cause of issues, ensuring long-term progress by addressing these foundational problems directly.
  • Addressing the root causes not only resolves the immediate problems but also prevents multiple related issues, creating a multiplier effect that benefits the entire business.
  • Enhancing internal capabilities to tackle these root causes grants businesses a competitive advantage, enabling them to avoid similar problems in the future.
  • Sustained success in business is achieved by leaders committed to understanding and permanently resolving the core issues, a trait surprisingly rare yet immensely valuable.
  • If you’re facing challenges with sales growth, staff performance, or talent shortages, visit the Unlock Business Growth and Build a Sustainable Competitive Advantage pages for insights.
  • Book a free meeting through the How We Get Started page to explore tailored solutions for you.

• 

  Ready To Scale To Bigger Business

  view slides Read Key Insights go to page
  • 
  • 
  • 
  • 
  • 
  • 

  Key Insights

  key insights

  • Businesses often struggle to adapt their small business strategies effectively as they transition into larger operations, leading to growth stagnation.
  • A common pitfall during this transition is the temptation to adopt the latest business management fads, which promise quick fixes but often fail to deliver substantial growth.
  • Proven research suggests focusing on six key areas known to significantly impact business growth, emphasising the importance of excelling in these areas simultaneously for success.
  • The challenge lies in consistently applying best practices across these critical business areas to achieve a “Winner” success rate of over 90%.
  • To navigate these challenges and enhance business growth, engaging with Munro’s Business Academy provides access to evidence-based knowledge.
  • Book a Get To Know Each Other meeting for personalised assistance tailored to your business needs.

  References page.

• • 

    Passing To The Next Generation

    play video Read Instead go to page
    Structuring for Wealth Succession

    See our Advice from Accountants for Family Business Succession Planning page.

    Read Key Points & Transcript

    video key points

    • Successful business and investment succession within families can be marred by issues like tax mishandling, divorce, and poor financial decisions, leading to wealth erosion.
    • Effective wealth succession planning is crucial in protecting family wealth, involving considerations such as bloodline clauses, fair market remuneration for family members, and the necessity of external financial oversight.
    • Proper documentation of historical and future loans and gifts, alongside considerations for family governance, such as a family constitution and board, play pivotal roles in succession planning.
    • Estate planning is essential for ensuring a smooth transition of assets, helping preserve wealth following the death of a loved one.
    • Recognising the complexity of wealth succession, the encouragement to seek professional advice reflects the importance of having affairs in order and optimally arranged for the future.

    Presented by: Saul Segal

    
    

    video transcript

    Transcript available on the Wealth Generation, Protection & Succession for Families page.

    Structuring for Wealth Succession

    See our Advice from Accountants for Family Business Succession Planning page.

    video key points

    • Successful business and investment succession within families can be marred by issues like tax mishandling, divorce, and poor financial decisions, leading to wealth erosion.
    • Effective wealth succession planning is crucial in protecting family wealth, involving considerations such as bloodline clauses, fair market remuneration for family members, and the necessity of external financial oversight.
    • Proper documentation of historical and future loans and gifts, alongside considerations for family governance, such as a family constitution and board, play pivotal roles in succession planning.
    • Estate planning is essential for ensuring a smooth transition of assets, helping preserve wealth following the death of a loved one.
    • Recognising the complexity of wealth succession, the encouragement to seek professional advice reflects the importance of having affairs in order and optimally arranged for the future.

    Presented by: Saul Segal

    
    

    video transcript

    Transcript available on the Wealth Generation, Protection & Succession for Families page.

  • or

  • 

    Selling Your Business

    play video Read Instead go to page
    Selling a Business in Australia

    See our Advice from Accountants for Selling a Business page.

    Read Key Points & Transcript

    video key points

    • Planning to sell your business requires early preparation, ideally starting several years in advance, to enhance your financial outcomes and mitigate taxes.
    • Enhance your business valuation through profit improvement and strategic growth programmes.
    • Proactive tax planning before the sale can reduce your tax burden and optimise financial results.
    • A thorough plan should also include considerations for tax-effective retirement planning post-sale.
    • Visit our Selling a Business page to learn more and when you are ready for our assistance, please book a free Get To Know Each Other meeting.

    Presented by: Rama Yudhistira

    
    

    video transcript

    Transcript available on the Selling a Business page.

    Selling a Business in Australia

    See our Advice from Accountants for Selling a Business page.

    video key points

    • Planning to sell your business requires early preparation, ideally starting several years in advance, to enhance your financial outcomes and mitigate taxes.
    • Enhance your business valuation through profit improvement and strategic growth programmes.
    • Proactive tax planning before the sale can reduce your tax burden and optimise financial results.
    • A thorough plan should also include considerations for tax-effective retirement planning post-sale.
    • Visit our Selling a Business page to learn more and when you are ready for our assistance, please book a free Get To Know Each Other meeting.

    Presented by: Rama Yudhistira

    
    

    video transcript

    Transcript available on the Selling a Business page.