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Business Accounting & Advisory

Business accounting made simple, so you can keep doing what you do best
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You have an ally in business growth and financial decisions with our business advisory team in Brisbane.

At My Wealth Private, we understand that wealth management is not just about making money, it’s about preserving and growing it for generations to come. That’s why we offer a comprehensive range of advisory services specifically designed to meet the unique financial needs of your family and your business.

Our team of experienced professionals have the expertise to develop customised financial strategies that help our clients achieve their business or family wealth objectives while aiming to maximise tax efficiency. Our accounting experts work closely with our team of financial advisors, so for those who choose both services, we are able to provide complete and integrated financial plans that help you get where you want to go.

Who We Help

Businesses

We are a business advisory, providing specialised financial services to family businesses, small business owners and larger companies or organisations. 

Accounting Needs

We are accountants, serving families and businesses with complex accounting needs or handling large incomes or family wealth. 

Families & Family Trusts

We are a private advisory, helping you make decisions about your finances confidently and ensuring that you, personally and in your business, grow and flourish financially. 

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What We Do

Our Business Advisory Services

Our business advisory services provide a deep level of financial analysis, business planning, risk management, and contingency planning to help you structure your business, run your business more smartly than the competition, and achieve your business objectives. Whether you need quick advice or in-depth support, our business advisors are always ready to help. All of our services can be tailored to meet the needs of your business. 

How are we different?  We provide a thorough service to support you; this could include establishing KPIs, and reporting frameworks, keeping you accountable to your goals, advising what might need to be done differently to achieve your objectives, and providing our insights to inform your business decisions. 

You can trust us to have the hard conversations you need to hear.

  • Business Planning & Structuring

    Our experienced business accountants and advisors have a depth of knowledge in a wide range of businesses, from small sole-traders through to large established companies.

    We work with you to analyse your business situation and help your structure your financial strategies to support your business objectives. We provide guidance and consulting services on engaging other professional services that you might need, including commercial and tax lawyers. Our project management approach to business planning allows us to offer the greatest benefit to you; we cover all the bases so you can focus on growing your business. 

    Our most popular business advisory services include:

    • Strategic business planning
    • Increasing profits and identifying leaks
    • Advice dealing with business problems
    • Liaison with other professionals such as lawyers
    • Business due diligence
    • Profit management
    • Financial structuring for families or partners 
  • CFO Services

    Our CFO services provide a level of financial expertise that assists businesses in making informed decisions and optimizing their financial performance. 

    We provide our CFO services both as a standalone service, or alongside our full-service accounting and advisory services. We work with both sole-traders all the way to multi-director firms, providing expert financial and strategic business advice.

    What does this look like for your business? We come alongside you with the ability to see the business objectives and trajectory clearly and objectively. You are able to bounce decisions off our experienced business advisors and feel confident in each business decision with someone on your side to offer alternative solutions and financial clarity. 

    From our position as your financial and business ally, we meet with you monthly, or as required, to help you plan strategies for the business, prepare and/or review management reports, and discuss any challenges that are coming up. Each meeting, you have the opportunity to review the business, talk about your challenges, and think about where the business is heading. You’ll have expert assistance when it comes to strategically mapping the next 12 months and developing your growth plan for the next 5 years, down to the details. 

  • Financial Analysis

    We provide financial analysis services for your business. This might include reviewing your profit and loss statements to identify business opportunities or issues, identifying the areas where your business could save on expenses or maximise profits, and providing break-even analyses. We can also assist if you’re looking to buy or sell a business.

    We can assist you in developing financial reporting and models for your business that can set you up for greater success in the future. 

  • Tax Efficiency & Structures

    We will provide a comprehensive tax efficiency service, providing you with clear guidance for your financial structures, with particular expertise in working through complications of where business and personal finances can overlap. 

    We help you solve issues around tax inefficiency, including tax structuring to utilise your hard-earned profits from the business, to invest in your future. Alongside your financial advisor, we can help you make the most of every dollar you earn, in a tax-efficient manner coordinated with your investment, retirement and/or estate plan.

    Solve your tax issues before they arise by speaking to our team – we operate with the highest integrity and always ensure your business and personal finances are well looked after.

  • Risk Management & Contingency Planning

    We work closely with our clients and their businesses to identify, assess, and manage risks, and develop contingency plans to mitigate potential threats to their financial well-being. 

What We Do

Accounting

We provide accounting services for high-income earners, those with more complex tax structures and challenges, small and medium-sized businesses, SMSFs, or families charged with managing and preserving family wealth. 

  • Tax Planning & Investment Structures

    Effective tax planning is crucial for families to achieve their personal financial goals. Our taxation and structuring services are designed to optimize the tax position of our client’s business and investment structures while also allowing for effective wealth extraction. We can assist with advising on appropriate tax structures and long-term plans alongside your financial advisor, ensuring you are making the most of every dollar you earn in a tax-efficient manner.

  • SMSF accounting and administration services

    We provide SMSF accounting and administrative services and provide support and compliance assistance needed to make your SMSF easier to manage.

What We Do

Private Advisory Services

Designed for sophisticated clients, our private advisory services cover each element of your financial situation to ensure we are structuring your financial or business life to meet your needs. We take a project management approach to our private advisory services, with the ability to act as an intermediary and ensure each element lines up with everything else in their financial world. Some of the areas we look after include:

  • Ensuring estate planning is thoroughly considered, and liaising with estate planners and lawyers to secure your wealth. 
  • Reviewing trusts and tax planning flexibility.
  • Assisting with efficient and appropriate structuring of family trusts and company arrangements
  • Digging deep into what you really want from your finances, and extracting the answers behind why you do what you do, which in some cases you might not even have been aware of. We do this to ensure that your deepest needs are considered in building and managing your asset structure and financial life. 
  • Project Management for Complex Structuring

    Project managing means that we take a leadership role in advising on what needs to be done, laying out a plan for you, and working with other service providers to bring everything together. We work with a network of potential service providers, including your financial advisors, family lawyers, accountants, commercial and tax lawyers, estate planners, and others. This ensures that no stone is left unturned when it comes to setting up your financial structure for tax efficiency, business succession, confidence in financial decision-making, and a securing your legacy. Our project management approach sets the standard for what you’re looking for and provides quality control on each piece of your financial puzzle. 

  • Private Liaison with other Professional Services

    Effective financial management requires collaboration and coordination with many professionals, such as financial planners, mortgage brokers, investment specialists, lawyers, estate planners, and others. We work closely with your existing advisors and provide referrals to excellent professionals when specialised services are required. We work on your behalf, creating efficiency in getting results and saving you time and effort. 

  • Family Trust Planning

    We provide advice and guidance on family trust arrangements; we look at estate needs, tax planning and structuring efficiency, and profit distribution with a view to minimising the potential threat of future tax compliance issues. We take a financial planning approach to tax advisory and apply it across your family group; this means we consider your whole financial picture as well as your goals and objectives, in conjunction with your other professional advisers. 

  • Separation and Divorce Restructuring

    We also work closely with families that have built wealth and now are separating or divorcing. This is a difficult situation to navigate, made more difficult by the fact that often, one partner will need to find another accountant and/or advisor. We work with many clients and their family lawyers, who need to restructure their finances after going through a property settlement. We assist with building or advising on new or alternate tax structures to place their money or assets, coordinating a review of estate planning requirements, often with a renewed focus on estate protection. We also coordinate with family lawyers regularly where clients are seeking to establish greater wealth protection from any subsequent relationship separation which might occur in the future.

  • Wealth Structuring & Extraction

    We work closely with our clients to develop personalised wealth extraction strategies. Overall, we have expertise in structuring to protect and grow wealth. 

    Creating a personalised wealth plan that works for you requires a thorough understanding of tax structures, and a focus on coordinating with your team of professional advisers to ensure that all aspects of your situation have been catered for. We are able to offer that expertise.

We Offer The Complete Package

At My Wealth Private, we are committed to providing exclusive advisory services that are tailored to the specific needs and goals of families and business owners.

Our services are designed to help our clients achieve their financial objectives while also preserving their wealth for future generations to come.

To truly make sure your financial future is being taken care of, your accountant and financial advisor should be in close communication.  We go one step better; with our accountants and financial advisors collaborating on the same team.  When working with our team, you can be confident that any advice you receive is well-informed and takes your whole financial picture into consideration.

To help us understand how we can assist you, we’d love to have a quick chat to meet you and learn about your situation. Book your 15-minute introductory call today.

Our Team

Our accounting experts have over 25 years of combined experience in the accounting and financial services industry. Our team of accounting experts are all either CPA or CA qualified and My Wealth Private’s tax agent registration remains current with the Tax Practitioners Board.

Whatever problem you have, if we can’t solve it, we’ll find someone who can.

Our Accounting & Business Advisory Team

Damien

 

Guazzo

Director - My Wealth Private
Brisbane & Townsville
B.Comm (Accounting & Finance), Certified Financial Planner (CFP®), CPA, B. Laws
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Irvin

 

Lie

Senior Accountant
Brisbane
Chartered Accountant (CA)
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Katherine

 

Truong

Senior Accountant
Brisbane
Chartered Accountant (CA)
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award winning and highly recommended

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For business advisory and business accounting that transforms your world.

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Legal Disclosure

As a Tax Agent, our work for you is performed in accordance with the Tax Agent Services Act 2009. Under this Act, the Tax Agent Services (Code of Professional Conduct) Determination 2024 requires that we make the following disclosures to you:

1. Matters that could significantly influence your decision to engage us (or continue to engage us) for a Tax Agent Service from 1 July 2022 onward include the following:

– None Applicable

2. The Tax Practitioner’s Board maintains a register of Tax Agents and BAS Agents. You can access and search this register here: https://www.tpb.gov.au/public-register

3. If you have a complaint about our Tax Agent services, you will need to contact your Accountant in the first instance with details by email. If they are unable to resolve your complaint within 3 business days, please contact Damien Guazzo – Managing Director by email. Your complaint will be investigated by an alternate Director or staff member who is not involved in the subject matter of the dispute where possible. We will provide you with email acknowledgement of receipt of your  complaint and our understanding of the circumstances. The email will inform you that we will attempt to resolve your complaint with 14 days and will outline the dispute resolution process. If you are unhappy with the outcome that we propose to you, you can then make a complaint to the Tax Practitioners Board (TPB) using the link listed above. The TPB will send you an email to acknowledge the receipt of your complaint and review and risk assess your complaint. If you are unhappy with how the TPB has dealt with your complaint, the above link includes details about your review rights and who can further assist you.

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