Risk Advisory Services

Prepare for the unexpected with risk mitigation and data recovery plans prepared by our experienced Risk Management experts.

Be ready for any situation

Identifying, understanding, and readying a business for risks helps create protective controls to deal with the unexpected, in any circumstance.

Whether it’s a cyber risk, strategic risk, regulatory, legal, or brand reputation issue, or a threat of another nature, preparing for the unexpected with a well-documented disaster recovery plan can safeguard a business against loss or harm.

Appropriately managed internal controls and an up-to-date level of insurance cover may mitigate any damage to a business when disaster strikes. However, developing a risk register is fundamental to limiting the likelihood of known risks occurring in the first place.

At MGIDC, we provide expert-backed risk advisory services to actively manage risks and to limit the extent of downtime when things do go wrong. We work with businesses to develop individualised risk solutions, frameworks and risk registers, create disaster recovery plans, and improve internal controls so that you can rest easy knowing your business is secure, whatever the risk might be.

Insurance Advice and Management

We’ll work with you to ensure your insurance cover is appropriate for your business and optimised to provide adequate protection against known risks.

Assurance Engagement

We can assess your internal controls and processes to mitigate the risk of fraud while ensuring the accuracy of financial statements, compliance with regulatory requirements, and tenders.

Our Risk Advisory Services

'It's accrual world'

Our most common services are listed below, but let us buy you a coffee to discuss your specific requirements.

Financial statements and tax returns

Many organisations undervalue the importance of accurate and timely financial reporting.  Whilst you might not get as excited by the numbers as we do, we pride ourselves of our preparation; and our ability to keep up to date with the latest legislation changes to ensure the best possible tax position for your structure.

Management Reporting Packs

If you are a proactive business owner…wouldn’t it be nice to have a good grasp on the financial position of your business, with insights provided to help you make decisions NOW.  Well our Management Report Packs allow just that with a full set of financials completed monthly/quarterly, and a detailed analysis provided.  Take the guess work out of running your business.

Taxation Planning

Every year, many of our clients participate in our tax planning.  Tax planning is the process of preparing your tax position for the end of the financial year before time, so that you can see what tax implications you may be faced with.  The advantage of seeing it before time, means that we can setup structures or plan the best course to ensure you get the most optimised tax position possible.

Structuring and asset protection

The correct structure setup is not only the best way to ensure you have the most optimal tax structure, it is critical for asset protection.  The risks of operating a business are great; so you need to ensure that you are operating in a structure that offers you the greatest protection.  We help by providing advice around the most optimal structure for you.

Virtual CFO

The highest performing teams are assembled with mutually reinforcing strengths.  Numbers are our strength…so what better way to ensure that your business is performing optimally than getting one of our team involved on a regular basis.  From Payroll assistance, to cashflow management, our Virtual CFO services will ease your financial management concerns.

Other compliance

Along with year end compliance, our accounting firm in Melbourne also handles all other regulatory compliance services such as Business Activity Statement preparation, IAS, PAYG summaries, Payroll Tax, Land Tax, R&D concessions and more.

Meet our Business Services team

Have we piqued your interest?

Let us buy you a coffee to discuss your requirements.