Are you concerned that your business might be paying more tax than necessary? Many small, medium and even mid-market business owners in Western Australia face this common challenge.
Munro’s Perth-based business accountants believe that reducing your tax burden isn’t just about compliance, it’s a strategic step towards strengthening your business and reinvesting in growth.
$4,000 (excl. GST)
Tax Minimisation Strategies ReportThe rest of this page is dedicated to providing you with an overview of the four key steps you must take to minimise your taxes when running a business. These apply whether you are operating a business in Perth, elsewhere in WA or across Australia.
When you’re ready to talk about what we could do for you, please book a meeting or send an enquiry.
The Problem
Every business is unique, but a common problem is that outdated or one‑size‑fits‑all tax strategies can leave you overpaying. You might be missing out on legitimate deductions, concessions or planning opportunities that can lower your tax liability.
Our Solution
At Munro’s, we tackle these issues head‑on. Our business accountants in Perth partner with you to continuously identify areas where you can legally minimise your tax. The focus isn’t only on the short term, we look ahead to get you prepared for tax minimisation opportunities over the medium to longer term.
Key Outcomes and Benefits
When you engage our tax minimisation service, you can expect:
By focusing on your specific challenges, we create a customised tax strategy that not only reduces your tax burden but also supports your broader business goals.
Using the right combination of trusts, companies, partnerships and/or self-managed superfunds may save hundreds of thousands of dollars in tax over the long term.
video key points
Presented by: Tanya Kamonphuangphan
video transcript
Transcript available on the Structuring & Business Setup page.
You’re either a reactive business owner dealing with tax after the fact, or a proactive business owner mitigating your tax burden now and in advance.
video key points
Presented by: Christine Prasetia
video transcript
Transcript available on the Business Tax Planning page.
It’s true that many advisors can help with basic tax, but it takes a special mindset to uncover hidden solutions when the seemingly inevitable complex problems arise.
video key points
Presented by: Carl Hansen
video transcript
Transcript available on the Complex Tax Issues page.
The last thing you want when it comes to selling your business is an unnecessarily large tax bill. If you plan ahead from the start, you could be in for a very happy final outcome.
video key points
Presented by: Rama Yudhistira
video transcript
Transcript available on the Tax Planning Before Selling a Business page.
What is tax minimisation?
Tax minimisation involves using legitimate strategies to reduce your taxable income and overall tax liability, ensuring you keep more of your earnings. It should focus on minimising taxes in the short, medium and long term.
How does Munro’s tax minimisation service work?
We conduct a detailed review of your financials, assess your current tax structure, and develop a tailored plan that identifies all eligible deductions, concessions, and restructuring opportunities.
How do you tailor tax minimisation strategies for different businesses in Perth?
Every business is unique. We assess your business, personal and family goals, understand your particular industry, business structure and financial performance to create customised solutions that address your specific challenges.
Are your services available outside of Perth?
While Munro’s is proudly Perth‑based, our accounting, tax and business advisory services are often used by businesses across Western Australia and Australia-wide.
How do your clients feel about your services?
Our clients frequently highlight our responsiveness and reliable approach in over 100 5-star Google reviews. They appreciate the peace of mind that comes with knowing their tax matters are handled with care.
What is the price for your tax minimisation service?
Our pricing is transparent and reflects the complexity of your needs. Please visit our pricing page and contact us for a personalised quote.
How do I get started with your business tax service?
We need to get to know you and you need to get to know us, so we begin with a free Get To Know Each Other meeting.
From $3,000 per annum (excl. GST)
Business Tax Return
$4,000 (excl. GST)
Tax Minimisation Strategies ReportClaims 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.
Fantastic work. Professional accountants with incredible response times and excellent advice.
Perfect service
Pleasure working with you guys and one of the best decisions to move forward in our family business with Munros. Utmost professionalism right from answering the phone to all of your advice and support.
I was looking for a business advisor for my small business in the Perth area and stumbled across Munro’s. On the website I was able to conveniently book an initial meeting with them to find out how I could achieve long term growth. One of their business accountants, Drew, promptly replied back and even helped accommodate a meeting on an earlier date. I met with him at their Perth office, and he was beyond helpful. After the meeting he followed up with an email, comprehensively outlining what we had discussed with great tips to help me move forward with growing my business. I really appreciated that Munro’s was willing to take the time to meet with me and help me even though my business is still a little too small to pursue Munro’s services. Drew didn’t try and upsell me and was so helpful and realistic with what I should do at this current stage in my business.
Drew and the team helped me with my tax returns, especially reporting on cryptocurrency trading done in previous years. I highly recommend seeking their services for all tax/accounting matters, especially cryptocurrency trading. Thanks guys!
The team at Munro’s has been of great assistance to me over the years, with a particular special mention to Drew Pflaum. They’ve helped me navigate some complex tax matters with proactive, insightful, and pragmatic advice. I highly recommend them for anyone seeking expertise in this area. Thank you again to the whole team and especially to Drew.
They know what they are doing. No matter how complex your accounting is, Munro’s is the way to go. They also have international experience. Drew and Mike’s expertise and responsiveness won’t disappoint you.
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.
OVER THE LAST 25 YEARS I HAVE ALWAYS ENJOYED GREAT SERVICE FROM IAN ARBLASTER, ANNETTE WHYTE AND OF COURSE BEN PAUL. THANKS FOR ALL THE SUPPORT. RAY NORTON
Munros have been doing my family tax returns for the past 3 years, and I’ve been nothing but delighted with the service they’ve offered. They took on a relatively complex set of returns, including sharing of CGT benefits between myself and my partner, and did exactly what I hoped they’d do, and more. Not only that, they always went above and beyond to explain what they have done and why, keeping us happy and at ease at all times during the tax return processes.
And to top it off, their knowledge of the crypto space is phenomenal, as are the tools they’ve developed to report and get the best possible returns with cryptos in mind.
Give them a try, I guarantee you won’t be disappointed.
Thanks Drew and Michael, great job 👍
Wonderful support and response from the team at Munros. We have been with them for many years covering both business and personal matters. It is a credit to both past and present staff.
Thank you
Do You Thrive To Learn More About How To Achieve Greater Business Success?
Sign up to our magazine designed specifically for Australian business leaders.
