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Solutions for Share Traders & Investors
- Australian, International, ETFs, Options, Forex, Derivatives
- Share Investors
- Share Trading
- Shares in Your SMSF
All the accounting solutions you need to legally setup, and mitigate tax, when it comes to share investments and businesses.
Video Coming Soon
Mid 2024
Shares Main
Key Share Trading / Investing Problems We Solve
Read Key Points & Transcript
Bare Minimum Tax
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 Top 2% ranking 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
You can approach tax in one of two ways:
- You can reactively treat it as something that needs to be done after the end of each year; or
- You can proactively manage the situation for future success.
We are 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 is 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 are looking forward to speaking with you soon.
Bare Minimum Tax
To minimise your tax burden, utilise appropriate structuring from the beginning and strategic tax planning before the end of each financial year.
Take the spam-free Tax Minimisation Diagnostic to, in under three minutes, answer 13 questions to reveal your top three strongest and top three weakest areas in relation to tax minimsation.
Read Key Points & Transcript
Income Tax Returns
video key points
- The Australian tax system requires all entities, including individuals and various business structures, to lodge annual income tax returns, emphasising the taxpayer’s responsibility to accurately apply complex and evolving tax laws.
- Regular updates to tax laws and the establishment of new case law by courts make it challenging for business owners and investors to stay informed of their tax obligations, highlighting the necessity for professional accounting assistance.
- Our team is committed to collaborating with clients and their teams, sharing our knowledge and expertise to ensure accuracy in tax returns and compliance with legal requirements.
- We proactively work with both established businesses, startups, family groups and investors to protect hard-earned wealth, focusing on legal strategies to minimise tax liabilities and safeguard financial interests.
- If you need assistance with preparing an income tax return, we encourage you to reach out for professional support, ensuring confidence and reliability in managing your tax affairs.
Presented by: Brian Khoo
video transcript
Generally speaking, individuals, partnerships, companies, trusts, co-operatives and Self-Managed Superannuation Funds (SMSF) are required to lodge an annual income tax return in Australia.
The Australian tax system places the onus on you, the taxpayer, to know the rules and apply them correctly in your tax return.
With the tax laws changing regularly and new case law being established by the courts day-in and day-out, it is almost impossible for business owners to stay abreast and fully informed of tax obligations without the assistance of a professional accountant.
We’re here to collaborate with you, and your team when necessary, to share our knowledge and expertise and to ensure accuracy in your tax returns.
Whether you are an established business or a startup embarking on a new venture, our proactive accountants will work with you to ensure that your hard earned wealth is protected and that you are paying as little tax as legally possible.
You can have complete confidence knowing that your business and personal tax affairs are in capable hands.
So, if you’re needing assistance with preparing an income tax return, then please give us a call. We’re here to help.
Tax Returns
Whether you have past or current year tax returns involving shares, we can help.
Video Coming Soon
Mid 2024
Share Trading As A Business
- Day Trading
- Swing Trading
- Arbitrage
- Bots
- Share investing through a company
A key piece of advice for every Australian business, whether or not they are into shares, is to speak with a tax specialist at the beginning and ongoing.
Video Coming Soon
Mid 2024
Shares in your SMSF
When you setup your SMSF you’ll want to ensure the rules of the fund allow it to invest into the diverse and wide range of investments available such as domestic shares, international shares, ETFs, index funds, managed funds, derivatives, options, foreign currency, etc.
Further, whilst a SMSF is “self-managed”, this doesn’t preclude you from obtaining help from licensed financial advisors.
For help with compliance, especially for complex investing, know that Munro’s is here for you.
Read Key Points & Transcript
Winning Tax Disputes
video key points
- Our expertise in preventing tax disputes provides clients with peace of mind, allowing them to focus on their business without the worry of potential audits.
- ATO audits of our clients are rare.
- In the event of an audit, we act as an intermediary between the client and the ATO, employing strategies to resolve issues with minimal hassle.
- We leverage extensive experience and research to support clients through objections to tax assessments or decisions, with a history of success resulting in significant financial savings.
- Should an objection not resolve favourably, we can escalate to the Tribunal, where we have had success.
- We always seek to minimise tax disputes, but when needed we provide robust defence, ensuring peace of mind and business focus for our clients.
Presented by: Carl Hansen
video transcript
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.
Winning Tax Disputes
Unfortunately, sometimes the battle to save tax requires defending yourself in an audit, objection or tribunal. With successes in our past, we’re confident we can help you too.
Learn how to win tax disputes:
Video Coming Soon
Mid 2024
Tax Effective Estate Planning
You may be wondering: what happens when I die?
It depends on a number of factors including whether you own shares personally, through a trust or company, or within superannuation. It also depends on whether or not you have a Will.
Although you may rather not think about death, your loved ones will really appreciate it that you took the time to plan ahead as you may help them save tax.
Ready to get your share trading/investment tax return done?
Follow these instructions to get started.
Ready to get our help?
Book a consultation with a share trading tax specialist:
TAX CONSULTATION (60 MINUTES) – $770
Tell us about your problem and we’ll respond within 1 business day.
- Call Us 1800 818 924
- Email Us ExperienceSuccess@munros.com.au
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Visit Us
308 Fitzgerald Street
Perth WA 6000