What We Do

Business Consulting & Strategic 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:

• Corporate Structures
• Strategy development and facilitation
• Strategic board and management reporting
• Budget preparation and review
• Updating your business plan
• Business value maximisation
• Systems review
• Sustainability
• Financial diagnostic analysis
• Cash flow and profitability
• Business succession planning and implementation
• Business valuations for acquisition or sale
• Estate planning
• Asset protection structuring

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

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Business Start-Ups & Structures

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:

• Corporate Structures
• Updating your business plan
• Business value maximisation
• Systems review
• Sustainability
• Strategic planning
• Financial diagnostic analysis
• Cash flow and profitability
• Corporate compliance
• Formation of trusts and new company registrations
• Provision of registered office services for service of notices
• Attending to ASIC returns and regular filings on your behalf
• Business name registrations and maintenance
• Preparing minutes and drafting resolutions.

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

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Corporate Secretarial

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:

• Preparation and filing of statutory returns
• Preparation of minutes and resolutions
• Company formation
• Company searches

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

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Estate Planning

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.

• Wills
• Power of Attorneys
• Testamentary Trusts

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

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Succession Planning

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:

• Assistance, advise and expertise to ensure your business transition to the next generation or owners is as smooth and trouble free as possible.
• We encourage an early start to this planning as it can help maximise the value of your business and help it to meet your future needs.
• The drafting of a plan to ensure it complies with regulatory requirements.
• Making sure your succession plan is achievable and will set a realistic timetable for you to achieve your plan.

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

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Accounting & Taxation Services

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:

• Investment properties, tax and negative gearing.
• Tax & share investments.
• HELP (higher education loans) debts
• Superannuation advice
• Advice on setting up a self-managed super fund (SMSF)
• Late tax returns – we can help.
• Business Valuations

Business accounting

You concentrate on running your business and let Murdoch Partners take care of all your business accounting and taxation requirements.

• Accounting and bookkeeping
• Accounting software advice and assistance
• Business & company tax returns
• Taxation – GST & PAYE advice, BAS preparation
• Marshalls can liaise with the ATO on your behalf
• WorkCover: your obligations.
• Audit advice & audit insurance
• Superannuation for you and your staff.
• Business ‘start up’ advice
• Trust & company structures
• Business Insurance

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

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Self-Managed Superannuation Fund

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:

• Control - the trustees make the investment decisions.
• Asset allocation – the trustees are in control of asset allocation decisions as well as issues related to borrowing.
• Tax strategies – trustees have control of tax strategies and other planning options.
• Transparency – your SMSF provides you with good transparency concerning investment decisions and gives complete visibility over taxation treatment.
• Cost – the cost of running and administering a SMSF fund are not based on a percentage of the value of the fund but more on the time needed to prepare reports and address relevant compliance matters.
• Greater flexibility for accessing Centrelink benefits such as the age pension.

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:

• Establishing your fund:
• Annual Compliance Services:
• Portfolio Administration Services:
• Pension advice:
• Superannuation Advisory Services:

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

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