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At AW Munro & Co we
will work closely with you and members of your team to
understand every aspect of your business – from operational
issues to long-term business goals. Ultimately we aim to provide
you with proven and innovative accounting and consulting
solutions and contribute to your business’s success.
We offer quality management consulting and accounting services in the following areas: • compliance services • business advisory services
•
taxation planning and advice
• accounting and auditing services • strategic planning • business performance analysis • costing intelligence • staff incentive plans Compliance services Effective tax compliance is essential for smart businesses today. Inefficient compliance may lead to Australian Tax Office investigations, potentially severe penalties, paying too much tax, or paying high costs for the compliance process itself. At AW Munro & Co, taxation or regulatory compliance is our core competency. We have the experience, processes and technology to help you implement a range of tax efficient strategies and maximise the benefits you are entitled to. We can help you to prepare and submit personal and business income tax returns, business and instalment activity statements, and pay as you go (PAYG) tax. Business advisory services Businesses today need timely, accurate accounting and taxation advice from an accountant to comply with legislation and continue to operate. Increasingly, however, businesses also need financial coaching and management assistance to continue to prosper. AW Munro & Co delivers this unique skill combination to clients. With our knowledge of clients’ businesses and goals, AW Munro & Co helps clients work on their business. Whatever your business goals – profitability, growth, expansion, reducing risk, sale, or retirement – we can evaluate, implement, and monitor business strategies and help make important financial decisions for you and your business’s future. Our business advisory services are structured to help clients: • effectively manage and diversify their business and individual finances • maximise profitability • plan for future financial growth • implement long-term financially beneficial corporate strategies. Taxation planning and advice AW Munro & Co’s partners have extensive experience in taxation accounting for individuals and small to medium businesses. We excel in the areas of business tax planning and maximising the benefits you are entitled to. Our taxation planning services include: • individual and business tax planning • organisational structure • capital gains tax • income tax • fringe benefits tax • payroll tax • salary packaging • goods and services tax. Auditing services The AW Munro & Co team has the strong analytical skills and knowledge needed to recognise accounting difficulties for clients at an early stage. We provide a full range of audit services including: • statutory audit • internal audit • risk management systems audit • special requirement audit. Strategic planning With so many investment options available in today’s business world, the intricacies of planning your own or your business’s financial future can often be overlooked. At AW Munro & Co, your financial future is our priority. We have the experience and knowledge needed to prepare, implement and monitor a strong financial plan tailored to you and your business. We help you to: • see your plan to completion • adopt both strategic and operational perspectives • be proactive in responding to environmental changes i.e. consumer changes, technological advancements • plan for the future including considering exit strategies and succession planning. Business performance analysis Australia’s small to medium businesses are under increasing pressure to not only generate profit, but to just survive. The constantly changing business environment has forced businesses to become more aware of analysing business performance. But many businesses fail by spending too much time and effort analysing past performance, not planning their future direction. Businesses that can balance this effectively will thrive and maintain their competitive advantage. AW Munro & Co’s business performance analysis services can help you and your business reach a balance between past and future performance and ultimately, maximise value. AW Munro & Co’s thorough and timely performance analysis approach will assist you to achieve the following: • improve your profit and cash flow • be more efficient in utilising your assets • assess and evaluate strategies leading to better business decisions • focus on expected and future results, not past • minimise risk of failure • motivate staff to take responsibility for future performance • exploit your competitive advantage • grow and sustain your business. Costing intelligence AW Munro & Co uses a proven process known as Activity Based Costing (ABC) to assign costs, both direct and indirect, to a business’s products or services. ABC provides a structured approach to analyse and assign costs that helps to measure the profitability of products, services and customers. ABC can provide your business with the competitive edge it needs in today’s marketplace. It has many benefits including: • assessing activities carried out in the business, matching resource consumption with outputs, thereby improving efficiencies and profitability • improving the accuracy of the budgeting process including pricing products and services • measuring the impact of key financial decisions • providing high level costing intelligence – identifying value adding and value destroying activities and products. Staff incentive plans All businesses aim to increase the value of their business. But only some realise the value that staff contribute to their business. To harness this resource, businesses must reward not only the business owners, but also the management and staff who have contributed to the business’s success. AW Munro & Co’s variable pay plan takes a variety of economic considerations into account to ensure you reward staff based on sustainable growth. Our approach designs a reward scheme that is directly related to wealth creation. It relates reward to the underlying value of a business, not sales volume. By teaching staff the value of the role they play and the decisions they make, this scheme motivates staff to work with the business owners to achieve maximum results. Some of the benefits that our variable pay plan will provide your business include: • retaining key staff • improving and protecting the value of your business • creating more time for you to pursue other interests, not the day-to-day running of the business. |