Personal Services

We provide taxation and advice solutions for individuals and investors to help them improve their financial position. This can be achieved by optimising taxation outcomes, financial coaching, maximising government benefits, and improving investment returns.

PERSONAL TAX RETURNS

We keep abreast of the most recent tax laws to enhance your tax refund or ensure you only pay the correct amount of tax. Specific areas we can help with include: –

Cryptocurrency tax treatment
Investment property and depreciation schedules
Employee share schemes
Capital gains tax, including small business exempt capital gains
Work from home tax deductions

SELF-MANAGED SUPERANNUATION FUNDS

Self-Managed Superannuation Funds offer greater investment choice and usually lower ongoing costs for investors. Self-Managed Superannuation is ideal for: –

Investors wanting to invest into direct property.
Property investors preferring to buy land and develop into residential property.
Retirees wanting to maximise franking credit tax refunds to boost returns via strategies such as off-market share buybacks.
Wealth accumulators holding capital growth assets into retirement and minimising capital gains tax.
Corporate executives holding employer shares in their superannuation fund.

We can not only set up an SMSF and provide annual accounting services, but also advise in relation to complying with superannuation regulations, tax planning and investment advice.

INVESTMENT STRUCTURES

With the various restrictions on superannuation, it can be effective to hold a direct investment and/or property portfolio outside of superannuation in a structure such as a family trust or company.

These investment structures can provide benefits not available to individual investors such as asset protection and the potential to reduce tax on investment income.

We can advise on and establish these structures, prepare the annual accounts and tax returns for investment structures, and provide: –

Annual distribution strategies and minutes for family trusts.
Division 7A loan agreements for private companies
Dividend drawing strategies and franking account maintenance
Investment advice

STRATEGY MEETINGS AND FINANCIAL COACHING

We offer consultations in our office to discuss big picture strategy considerations such as planning for retirement, Centrelink eligibility, estate planning considerations and tax planning issues.

These meetings provide an ideal first step for individuals and couples close to retirement, to find issues and opportunities to consider in retirement, and estimate retirement affordability.

Other areas that we can cover in these consultations include: –

Financial counselling and budgeting
Age Pension applications and similar forms.
Life and salary continuance insurance needs analysis

Note that investment and product recommendations must be provided in writing and so, cannot be discussed in these meetings.

INVESTMENT ADVICE

We can offer investment advice to individuals, self-managed superannuation funds and investment structures covering: –

Securities listed on the Australian Stock Exchange
Large market capitalisation shares listed on foreign stock exchanges
Fixed interest investments such as bonds and hybrid securities
Investor platforms such as Hub24 and Netwealth

We encourage the take up of an ongoing review service so that investment recommendations can be maintained & managed as events or circumstances change.

Personal financial advice or investment advice is provided by Russell Phillips & Goldfinch Advisors.

Goldfinch Financial Advisory Pty Ltd [ABN 68 616 389 470] as trustee for the Goldfinch Advisory Financial Unit Trust [BN 94 112 929 232] trading as Goldfinch Advisors, is a Corporate Authorised Representative No: 1251418 of InterPrac Financial Planning Pty Ltd; AFSL 246638 [ABN 14 076 093 680]

Our Financial Service Guides can be downloaded below:

CENTRELINK REPRESENTATION

Dealing with Centrelink can be frustrating due to several reasons: –

The government’s preference for everything to be online
Exceptionally long wait times when calling Centrelink
Centrelink phone staff being poorly trained on relevant legislation

We offer a Centrelink representation service to Centrelink recipients that would rather deal with us and engage our Centrelink expertise. We can upload documentation and report wages via our Proda Accountant login.

Personal Services