Our substantial expertise and experience assist business owners in achieving long-term wealth creation through sound business planning encompassing income tax planning, succession planning, exit planning and retirement planning.
Helping our clients grow, strengthen and develop their businesses is our main aim. Whether small, medium or large receiving expert help in areas such as strategy development, management accounting, cost analysis and budgeting is very important to attaining a business’s short and long term objectives.
We work to enable you and your business to maximise potential and profitability. We do this by providing the appropriate technical and commercial solutions to resolve issues that might impair the attainment of your goals.
We work with many private family clients. This gives us the expertise and experience to provide succession strategies that allows for the effective transfer of wealth to future generations.
We specialise in the following:
At Murdoch Partners we will provide the time and expertise needed to help you implement the best financial strategies possible for your business. Contact us today to discuss how we can work together: 03 9854 8999 or info@murdochpartners.com.au
There are four main business structures commonly used by businesses in Australia and we can help with them all:
Sole trader: an individual operating as the sole person legally responsible for all aspects of the business.
Partnership: an association of people or entities running a business together, but not as a company. A partnership is relatively inexpensive to set up and operate.
Company: a legal entity that is separate from its shareholders.
Trust: an entity that holds property or income for the benefit of others. Trusts require a formal trust deed that outlines how the trust operates, requires the trustee to undertake formal yearly administrative tasks and if you operate your business as a trust, the trustee is legally responsible for its operations. A trustee of a trust can be a company, providing some asset protection.
It is important to note that you can change your business structure throughout the life of your business.
We can help with the following:
At Murdoch Partners we can advise you on the best structure for your business and family needs. Contact us today to discuss how we can work together: 03 9854 8999 or info@murdochpartners.com.au
Communication and effective administration are essential elements of a successful organisation. Regardless of the size of your business, we are ready to support you with a team of highly qualified secretarial and support staff.
Our company secretarial services include:
At Murdoch Partners we can provide a wide range of services that ensure your business remains compliant and up to date with all regulatory needs and requirements. Contact us today to discuss how we can work together: 03 9854 8999 or info@murdochpartners.com.au
There are various options of who to leave your assets to eg: your family; banks; the government; or lawyers. To ensure your family is the only one to benefit, we’re going to discuss your wishes in numerous scenarios.
This may be uncomfortable, however, once this is complete, you can concentrate on how you spend your valuable time.
Murdoch Partners would welcome the opportunity to discuss how we can help ensure your estate is organised to ensure your plans are implemented as you wish. Contact us today to discuss how we can work together: 03 9854 8999 or info@murdochpartners.com.au
One day you will leave the business you started or owned and operated for many years. Your heart and soul is in the business but what is the best way forward after you decide to sell, retire or leave due to health reasons. To make sure your business remains on the path your set for it a succession (or exit) plan is needed for when you leave.
To help ensure your business transitions smoothly to the new owner you need a properly drafted succession plan. Also, by starting this planning process early, you can also help maximise the value of your business.
Murdoch Partners succession planning process includes:
At Murdoch Partners we will provide the time and expertise needed to help you implement the best possible succession plan for your business. Contact us today to discuss how we can work together: 03 9854 8999 or info@murdochpartners.com.au
Murdoch Partners offers a comprehensive range of accounting and taxation solutions for both individuals and businesses. We offer the highest level of service and welcome the opportunity to work with you.
Accounting & Taxation for the individual
Your Tax return can be complex and there are allowable tax deductions and expense claims that can be made that you may not be aware of. We can help you minimise your payable tax and potentially increase your tax return and ensure your tax return is lodged on time. We also offer advice on:
Business accounting
You concentrate on running your business and let Murdoch Partners take care of all your business accounting and taxation requirements.
At Murdoch Partners we have the expertise and resources to complete your tax returns in the most efficient and effective manner possible. Contact us today to discuss how we can work together: 03 9854 8999 or info@murdochpartners.com.au
Self-Managed Superannuation Funds (SMSFs) offer a good strategy option for many individuals, families and small business owners to build tax effective wealth and to protect assets over time. SMSFs are becoming popular for those who are ready to take control of their own super investments as they give you ultimate control and flexibility to manage your retirement benefits.
It must be noted though, that you will have increased responsibilities as a trustee of the fund. As a SMSF Trustee you need to keep up to date with all required regulations and keep up with the fast paced financial markets.
Murdoch Partners can work with you to understand your personal financial situation and decide whether a SMSF structure is appropriate for you. We will also make sure your assets are invested in the most effective way to maximise your retirement benefits.
It is generally agreed that there are a number of benefits of an SMSF but it is important that you also understand that an SMSF may not suit your situation, see below for some of the reasons why.
Benefits:
Disadvantages:
Running and managing a SMSF may not be suitable to everyone. For example, many of the advantages are also a disadvantage. Costs may be relatively high, there can be too much flexibility for prudent investing, remaining on top of trustee responsibilities can be complex and time consuming, and poor personal knowledge of the investment landscape can have serious consequences.
Should you wish to consider establishing a SMSF then we can help with:
At Murdoch Partners we can provide the time and expertise needed to establish a SMSF that best suits your needs. Contact us today to discuss how we can work together: 03 9854 8999 or info@murdochpartners.com.au