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The following case study relates to a real life example of how we helped Michael Vanics, achieve the following results

$14,700

Annual savings

$70,000

Increase in net wealth within next 5 years

$150,000

Increase in net wealth within next 10 years

Whilst this is an actual example, all personal details have been changed, for confidentiality purposes.

Our clients


Our client Michael Vanics opened up a small business venture almost 5 years ago. Our client initially faced quite a lot of problems what with managing the business as well as the finance all by himself and his business partner. This used to cost him a lot in terms of various taxes related to small entrepreneur business venture.

 

The taxes alone were causing Michael over 100,000 AUD per annum. This also left much needed money for the business growth to be wasted on trivial tax commissions. Mentioned below is an overview of how our firm helped our client reach their business goals in targeted time with the most reduced costs and elevated business advertising.


Problems our client faced before approaching ‘Accountant First’:

  • Michael having built his business entirely on basis of his previous knowledge in his business field, had almost no idea how to manage the taxes.
  • Much of the investment was wasted on mini taxations and financial advising facilities which cost him tens and hundreds of dollars.
  • The existing funds and incomes were not properly distributed which meant that in the case of a mishap, the family would not be getting what our client had planned for them..
  • Due to the busy lifestyle and, our client did not have the time or expertise to find loopholes to reduce their wasted investment.

Approaches ‘Accountant First’ used to reduce investment cost:

  • Initially, a detailed analysis of the financial record and the cash flows was taken into accountability by our expert CPAs to help evaluate the financial plunges.
  • Our expert business financial planners with their connections with leading investments experts help organize and maintain the financial check and balance to straighten the payroll accounting and tax returns.
  • Our proficient account managers helped device a strategic approach based on analytics to help reduce the tax liabilities and help increase the funds at an augmented rate.
  • We helped our client construct a consistent fund deployment plan in order to ensure that the family members attain their part without having to pay extra taxes..
  • We integrated the business system of our client to make it easier to access and review from anywhere to make amendments according to the changing business plans and strategies.

Results after implementation of ‘Accountant First’ Strategies

Since adopting our recommendations, Michael Vanics have achieved the following:

  • Michael Vanics saved more than 14,700 AUD in the first year alone which was being wasted in irrelevant funding and taxes.
  • Our client will be saving more than 70,000 AUD in the next 5 years and more than 150,000 AUD in the next 10 years in the ongoing fees.
  • The savings will in turn amount to annual dollar cost averaging and will be subject to compound growth providing our client with more capital over the long term endearing in further smart investments.

Post becoming clients

We always keep in touch with our clients conducting meetings semi-annually or quarterly as per the requirements to discuss new and improved strategies in the market to help our clients keep ahead in the race.

See more client stories

We are one of the leading Australian Tax Consultancy Company.
We provide tax support services for Professionals, Individuals, Families and Businesses

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