Businesses Accounting Services

You can approach tax in one of two ways:

1. You can reactively treat it as something that needs to be done after the end of each year; or
2. You can proactively manage the situation for future success.

We’re in it to help you find tax success in the now and future.

For instance, upfront when you’re starting or buying a business we’ll work through your goals and situation to structure the business for tax minimisation.

Then we’ll work with you as things naturally pop up from time to time, where you need help knowing what your tax obligations are and how best to manage them.

Both to mitigate the hassle of compliance and to reduce tax as much as possible.

As each financial year draws to a close, we’ll work with you so you understand the upcoming tax bills and, where possible, what actions you can take to reduce them further.

Then, finally, after the tax year we’ll get all your tax returns in order and lodged.

So, you’ll find that working with us, you have a trusted confidant who’ll advise you on best practice accounting. Whenever a complex situation arises, you’ll be expertly guided to the optimal result…. and very importantly, it’s a highly held value of ours to keep things understandable with clear solutions so you can make the best decisions.

As you’ll see from our many 5-star Google Reviews, you’ll be in great hands. In fact, you’ll be helped by one of the top 2% ranked Australian Accounting Firms.

We’re looking forward to speaking with you soon.

Let’s be very open, there are many good advisors who can handle tax very well. On the spectrum between poor, average and exceptional, we sit in the group delivering exceptional advice…. and we have the proof to back this up.

For instance, there’s our pioneering involvement in the blockchain industry.

Years ago, we were one of, if not the first, to commit extensive professional help to those using blockchain and cryptocurrency. We did this because we saw many Australians struggling to understand their tax obligations, and even more importantly, failing to take the necessary steps to legally minimise their taxes.

Through this process, we gathered a wealth of knowledge of how to help our fellow Australians. This led us down a journey where many people came to us with some extraordinarily complex situations. Being passionate about finding clever ways to legally minimise tax, we took those challenges on. We’re extremely proud to say those clients well and truly got their money’s worth.

Sometimes people running large, or small, businesses come to us to double check the state of their tax affairs. Unfortunately, things aren’t always perfect and we’re tasked with fixing up historical messes.

In situations like this, we help those business owners come to terms with the tax dilemma they face, and with our experienced outside-the-box thinking put in place measures to mitigate the tax damage as much as legally possible. Then we move forward to a programme designed to proactively mitigate problems arising in the future.

There are a great many additional examples we could provide. Including the clever top-hatting solution we implemented to proactively help a client alleviate their Division 7A problems.

But rather than you just take our word for it, we suggest you take a look through the collection of 5 star reviews submitted on Google, which place us in the Top 2% of Australian Accounting Firms.

If you have a complex tax problem, or want to proactively avoid them, please do let us know. We’re here to help.

If you find yourself in a tax dispute, you’re going to want have an experienced winner by your side.

Munro’s have those wins.

Whilst we’re always doing our best to prevent a tax dispute in the first place, sometimes you might find yourself defending in an audit, objection or tribunal situation.

In our experience, very few of our clients are audited. We’re confident this is because we have a solid reputation for doing things the legal way.

Since audits are few and very far between, our clients immediately have peace of mind. They get on with taking care of their business, rather than worry about a potential audit.

When we do see an audit, it’s usually a high wealth review. Once your business and/or wealth is around $50 million plus, you’re likely to be pulled into the regular high wealth review program.

Our role in the process is to sit between you and the ATO, finding out what the ATO wants and helping you put the replies together to get them off your back as soon and as painlessly as possible. It’s a strategy we excel at.

There comes other times when you might need to object to a tax assessment or decision. In these instances, we use our experience and research techniques to consider the avenues to success, and where we determine a successful outcome is realistic, we help you throughout the objection process.

Over the years, our clients have saved thousands upon thousands of dollars due to successful objections.

In the extremely rare instances that an objection is not successful, but we feel confident you have been wronged by the outcome, we have the option to go to the Tribunal.

We’re limited by what we can say here, due to confidential settlements. What we can say, is that if you want to have an experienced winner by your side, then you’ll have that with us.

So, what’s it like being a client of Munro’s? You ordinarily don’t have to worry about tax disputes because we legally minimise your taxes and seldom experience ATO audits. In the cases where an audit, objection or Tribunal situation arises, you have the winning experience by your side.