Many business owner knows that protecting assets isn’t just about reacting to crises – it’s about anticipating them. At Munro’s, our experienced Perth-based business accountants and advisors understand this too and help business owners implement both basic and advanced asset protection.
We’ve been helping WA businesses safeguard their wealth since 1973. We closely monitor court decisions and evolve strategies for clients to ensure that they are adopting the best, most modern techniques.
Taking action early is pivotal for successful asset protection, often requiring strategies to be implemented years before any issue arises.
Ultimately, we are “The Professional Problem Solvers” using an approach that is both preventative and responsive. We want you to benefit from the peace of mind that our clients mention in our more than 100 five‑star Google reviews.
Ready to secure your wealth and ensure long‑term protection?
video key points
Presented by: Saul Segal
video transcript
If you’ve ever wondered why some millionaires have gone bankrupt but still live a lavish life, it can have a lot to do with how they protected their wealth long before a crisis arose.
You obviously hope that you’ll never have a crisis to deal with. But you can never predict the future with certainty.
For instance, it’s not uncommon for some form of family dispute – such as a divorce – to jeopardize the family business…. and these days you don’t even have to be married. Sometimes these situations can seriously harm wealth that has been hard earned over generations.
When in business, there are known and simpler risks to protect against, such as business name risk. There are also the potentially devastating ones like mishandling ownership of intellectual property. Then there are the unknown risks.
You have the opportunity to use strategies to protect your business and family’s wealth. The key is to proactively make this investment in protection early – since waiting until a crisis is on the horizon is often far too late.
Please, if you’re in business or about to go into business, seek out professional help to limit your exposures.
This is something we take great pride and care in, and would be delighted to help you with.
$4,000 (excl. GST)
Tax Minimisation Strategies Report
First Session is FREE (incl. GST)
Upskilling Event for Business LeadersClaims of being a ‘Top 2% ranked Australian Accounting Firm‘ (and similar claims) are based on two separate assessments conducted by Munro’s on 9-10 August 2023 and 1 December 2023. The ranking is derived from a comparison of the total of each accounting firm’s overall star rating multiplied by each firm’s quantity of reviews as shown on Google Maps. A total of 4,235 Australian accounting firms listed on Google Maps were identified for the earlier assessment, and a total of 4,301 for the latter assessment, which may not represent a complete list of Australian accounting firms. Munro’s claims are based on Munro’s best estimation and represent a snapshot collected at the time of each assessment. If the assessment was to be conducted today, then it is likely that Munro’s ranking would have changed – Munro’s may or may not be in the Top 2% today. Also, the methodology does not account for other potentially relevant factors such as quality of service, expertise, or client satisfaction beyond Google Maps reviews.
video key points
Presented by: Drew Pflaum
video transcript
In December 2023, we conducted a review of Australian accounting firms on Google Maps, based on star rating and quantity of reviews.
Out of the 4,301 Australian accounting firms we identified on Google, Munro’s ranked number 44, placing us in the Top 2% of Australian Accounting Firms. We’re thrilled to share this fact with you and share those reviews on our website. We’d also like to thank all our clients who left us those wonderful reviews.
Thank you.
Congratulations to Munro’s for achieving 50 years of service to WA, with a special thanks to Mike and his team for looking after us through our business, personnel and financial journey.
I highly recommend Drew and the team at Munros for their excellent accounting services, particularly with investment income as well as their crypto expertise. Thanks Drew.
Accountant Drew was very helpful with a detailed insight to capital gains tax and reset period shall we sell our property. Drew contacted five minutes after I enquired to the office and followed up with this assessment
The tax tribunal has said that a common-sense assessment applies when considering the varying number of factors and even conflicting circumstances when determining if a house is someone’s main residence. In your case, the Bunbury house may have become your main residence for that short eight week stay if you moved a great deal of personal belonging there. However, a common-sense assessment likely suggests it did not become your main residence (at least on the facts that I know). If it didn’t become your main residence, then the maximum period you can claim the property as your main residence for the period since 2018 is 6 years. I.e. 2018-2014. For the period 2024 onwards, the main residence exemption cannot apply. You could, however, move back in and re-establish it as your main residence and then move out and rent again, which would restart the absentee rule. However, you still would not get the main residence exemption for the period 2024 to the time you moved back in because the maximum 6 years has expired for this current period of absence.
Great team and great service.
Very knowledgeable experts on complicated crypto tax matters. I would highly recommend every trader/investor to bite the bullet and seek professional advice from Munro’s.
I came over to Australia with a highly complicated cryptocurrency investing and trading portfolio. I never realised that I had to declare this in my tax returns as I had never cashed out into my bank account. I soon discovered that every transaction is taxable irrespective of whether or not you cash out. I contacted Munro’s in an outright panic and was put through to Cherie and explained everything to her. She immediately put me at ease and took control of my situation. From the start it was evident that I was in the care of a real professional tax consultant. I handed her a nightmare on a plate (3 years of highly complicated transactions) and she seamlessly worked through it. Cherie has incredible knowledge and experience and through this, Munro’s saved us thousands of dollars. I will remain at Munro’s until the very end. Thank you Cherie, you are the most knowledgeable and professional tax consultant that I have ever dealt with.
Very happy with the service provided by Drew and Cherie.
I’m extremely pleased with the services of Munro’s Accountants. They are professional and easy to work with. My situation was not simple yet they completed the task and have provided me with peace of mind going forwards. I would not hesitate to recommend them. AAAAA+++++
We worked with Ben and his team from MUNRO’s accountants in Perth during a business purchase and due diligence process, and were absolutely impressed with their service. Their attention to detail and strong, practical advice gave us complete confidence throughout. Highly recommend for any Perth business looking for reliable and professional support.
Crypto trading is a new thing and I believe, just like many others I had made lots of mistakes not knowing that trading Crypto is a taxable event. Lucky, there is someone knowledgeable about this matter.
Great education and support in this challenging time I have received from Drew the man!
The level of communication is top, accurate and precise. They put their heart into the work to help out their client. Highly recommend if you are seeking a Crypto tax return service.
Thanks Drew the man and Michael.”
I have used Munros now for 3 years, and I find them excellent – can highly recommend them to anyone needing a fantastic Accountant!
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