Business owners looking to buy, start or improve an existing business need accountants that promptly respond, communicate clearly, help you grow and save you tax!
That's what we do.
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… million dollar plus businesses.
Presented by: Mike Beer, Christine Prasetia, Saul Segal, Drew Pflaum, Ben Paul, Carl Hansen & Rama Yudhistira
References page.
video transcript
Welcome to Munro’s, a business improvement and accounting firm dedicated to helping Australians as safely and as easily as possible to:
… million dollar plus businesses.
In a few moments, we’ll talk about how we think you should build a million dollar plus business.
But firstly, let’s start with some grounded talk.
If you’re looking for an accountant or business advisor, someone you can trust to help solve existing problems and prevent others in the future, those conversations must always be genuine and backed by things that work. So, let’s begin our relationship on the right foot with straight talk.
Don’t get us wrong.
Our aim is to:
It’s just having been in business since 1973, we appreciate immensely that the best advisor client relationships are built on trust and openness and are willing to give, receive and share advice, together.
Now, let’s address how we think you can:
Build a Million Dollar Plus Business.
This advice is backed by a firm’s experience from more than 50 years of service to the Australian business community and backed also by scientific knowledge on what helps a business succeed.
#1 – Above all else, you need a sound business model.
If you’re in business and you don’t know what your market based Total Return to Owners rate is, or you don’t know if you’re outperforming competitors, we can help.
#2 – You’ve got to have an inner drive to keep going and know when to seek help.
At times, things in business will be easy, but more often things may be tough.
The challenges that you face when running a business have most likely been encountered by others in the past, so seek out help to avoid reinventing the wheel.
There are several ways you can do this, such as:
#3 – You’ve got to be a great leader and surround yourself with great leaders.
Businesses are made up of people and people need to be led. Knowing how to effectively delegate, train, motivate, hire and fire people is imperative for sustainable growth.
Leadership is a skill you can learn, enhance and share with your team. There are courses you can take and coaching you can receive.
#4 – You and your leaders should have a continuous learning mindset, constantly looking for ways to improve your business.
We’re not one to say that “the world is constantly changing fast, and you need to adapt or die”.
Rather, what we’re trying to say here is that you need to have an open mind and awareness and constantly on the lookout for ways to improve your business because no business is ever truly perfect.
If you don’t know where to start with improvement, please complete Initial Improvement Sprint.
Before we mention one final piece of advice that we give to everyone in business, this is our suggestion of what you can do as you explore our website.
On the Who We Help page, we mentioned that whether you need help with:
… we can help.
We’ll be a great fit with one another if you’re anywhere in Australia, and you have an existing business, or plan to go into business, with revenue ambitions of a million dollars or more.
Go and explore the Find a Solution pages to see how we might be able to assist you. As you go through these pages, you’ll come across diagnostics. We encourage you to take 3-5 minutes to complete at least one of them.
All the diagnostics have been built to help you see your problem with more clarity, providing focus so you can get to the optimum solution as soon as possible.
Importantly, the diagnostics are spam free, which means that we won’t add you to our mailing list, unless you explicitly opt in.
To give you a good level of comfort that we can genuinely help, we share the more than 100 5-star reviews submitted by our clients on Google. Based on an assessment we did in December 2023, these rank us in the Top 2% of Australian Accounting Firms.
There’s the Experience Success page, which is where amongst other things, we talk about six specific areas of business you may wish to pursue excelling in, given that scientific research has shown it can give a better than 90% chance of being a top performing business.
It’s quite insightful and intriguing, given in the research, the companies found to be top performers across all six areas were significantly more profitable over a 10 year period than similar businesses.
You’d like to learn practical ways to improve your business, then please feel welcome to start that journey by signing up for the free tier of the Munro’s Business Academy.
When you’re ready to have a chat and explore how we can help you, please go to the How We Get Started page.
We can get you started with:
Finally, the last piece of advice we tell everyone:
Tax minimisation often requires you to be PROACTIVE.
If you wait until the financial year has finished, until after the transaction has happened, there is often very little you or anyone can do to minimise the tax.
Instead, mitigating tax often requires you to:
Therefore, please proactively attend to your tax mitigation strategies.
Drew, Simon and the team at Munro’s have been our family and business accountants for many years now. They provide excellent service and advice. We would not hesitate to recommend them to others.
Munro’s have been our accountants, both for business and personal, for 50 years. During that time we have been really happy with the work done for us. The personel have always been professional, welcoming and efficient form the person at the front desk who greets you, to the people who handle your work.
Congratulations and best wishes for the future.
PS It does help that Simon supports the right footy team but he is not as good at tipping as he is at accounting!
As soon as I saw that Munro’s were recommended by the cryptocurrency tracking app CoinTracking for tax advice, I knew they must be absolute pros.
Munro’s will be my accountants for life now. Nothing was too much trouble and everything has gone so smoothly.
Here’s what Carl fixed for me for my latest tax return:
reconciled complex history from various crypto exchanges, some of which are now defunct, which I had spent several days trying to get various AI models to assist with to no avail
fixed my balance issue in CoinTracking to accurately reflect my position
Corrected purchase and sales history for employee shares scheme
Adjust various mistakes from my previous accountants and carry forward the adjustments
Scrutinised previous tax returns to adjust missed capital losses from a kitchen renovation completed over a decade ago on an investment property that can now be used to offset future capital gains.
Provide clear advice on every single thing I asked with no hesitation. It’s so obvious that these guys have seen it all and done it all.
Because I’m with Munro’s now, I feel SO much more confident about some big financial moves where the nightmarish tax implications would otherwise boggle the mind.
Thank you so much!
By the way, I wasn’t asked to do this review or sent one of those “please review us on Google” emails. I am posting this because I’m so happy with the service I was provided, it sells itself and I suppose a perfect 5 star rating with 140+ reviews is a testament to the fact that all of Munro’s customers have a similar experience to me. If you have complex tax affairs I don’t think you’ll find anyone better.
See our Advice from Accountants for Buying a Business page.
video key points
Presented by: Mike Beer
video transcript
Transcript available on the Due Diligence Advice page.
See our Advice from Accountants for Buying a Business page.
video key points
Presented by: Mike Beer
video transcript
Transcript available on the Due Diligence Advice page.
See our Advice from Accountants for Starting a Business page.
video key points
Presented by: Mike Beer
video transcript
Transcript available on the Are you pursuing a viable and worthwhile endeavour? business academy article.
See our Advice from Accountants for Starting a Business page.
video key points
Presented by: Mike Beer
video transcript
Transcript available on the Are you pursuing a viable and worthwhile endeavour? business academy article.
See the Advice from Accountants for Minimising Business Tax page.
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Presented by: Christine Prasetia
video transcript
Transcript available on the Business Tax Planning page.
See the Advice from Accountants for Minimising Business Tax page.
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Presented by: Christine Prasetia
video transcript
Transcript available on the Business Tax Planning page.
See our Startup Accounting, Tax & Business Advisory Services.
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Presented by: Drew Pflaum
video transcript
Transcript available on the Startup Capital Raising page.
See our Startup Accounting, Tax & Business Advisory Services.
video key points
Presented by: Drew Pflaum
video transcript
Transcript available on the Startup Capital Raising page.
See our Business Advisory Services.
video key points
Presented by: Drew Pflaum
video transcript
Transcript available on the Fix the Root Cause for Business Growth page.
See our Business Advisory Services.
video key points
Presented by: Drew Pflaum
video transcript
Transcript available on the Fix the Root Cause for Business Growth page.
See our Advice from Accountants for Growing & Scaling a Business page.
video key points
Presented by: Drew Pflaum
References page.
video transcript
Transcript available on the Evidence-based Approach to Business Growth page.
See our Advice from Accountants for Growing & Scaling a Business page.
video key points
Presented by: Drew Pflaum
References page.
video transcript
Transcript available on the Evidence-based Approach to Business Growth page.
See our Advice from Accountants for Family Business Succession Planning page.
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Presented by: Saul Segal
video transcript
Transcript available on the Wealth Generation, Protection & Succession for Families page.
See our Advice from Accountants for Family Business Succession Planning page.
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Presented by: Saul Segal
video transcript
Transcript available on the Wealth Generation, Protection & Succession for Families page.
See our Advice from Accountants for Selling a Business page.
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Presented by: Rama Yudhistira
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Transcript available on the Selling a Business page.
See our Advice from Accountants for Selling a Business page.
video key points
Presented by: Rama Yudhistira
video transcript
Transcript available on the Selling a Business page.
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