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Get the confidence to advise with the secrets of estate planning

With a comprehensive end of year strategy to help your clients take advantage of robust tax planning, you will also help your firm maximise its profits.

This Tax Planning Season you can find new ways to impress your clients, automate your tax plan reports and standardise your advice to help more clients, all while de-risking your practice.

In one of the most significant updates to family trust legislation in decades, the ATO has released a raft of long-anticipated guidance material that directly targets how trusts distribute income

Your free client email and guide to actioning the Section 100A Ruling updates in your firms

Learn how communicate the ATO rulings to your clients and educate them on the impact to their financial situation in 2022 and future years.

Tax planning time—does it feel like it’s getting earlier every year? That’s because it is. Every year we see more accountants accessing more tax planning features—and this year Tax Plans are up almost four-fold on January 2021.

The 2022 Tax Season is here, get your team prepped to visualise value for clients, but build revenue for you and launch the year’s service plan.

You may have delayed organising a succession plan for your business but now you’re ready to sit down and do it. Here are some often-forgotten elements that you should consider.

Having a succession plan in place is crucial to ensure a smooth transition when you’re ready to leave – or if you’re unfortunately no longer able to work.

Effective estate planning is a critical element of your clients’ overall financial plan, but it may also be an area you’re reluctant to discuss with them – that it belongs to the “experts”.

As COVID subsides, the ATO is returning to the strong engagement tactics we saw before the pandemic. At the same time, your clients could be struggling to get their businesses back on an even keel following the impacts of lockdown, border closures and problems with supply chains. They may well owe money to the ATO. In this case, you can help them manage their tax debts and build your business in the process. These tips show you how take a proactive approach.

As an accountant, you help your clients to set up companies, trusts and self-managed super funds. You ensure they don’t pay more tax than they legally need to – and you know their business and personal finances inside out. Yet, when it comes to estate planning and asset protection, you probably hand them over to a lawyer who might understand far less about tax, superannuation and other critical considerations.

These top tips will help you build a more effective and profitable estate planning business.

Estate planning is a valuable service for your clients. It can also help you to grow your business by providing an extra stream of income. These documents cover off all the paperwork you need and, when you’re using LightYear Docs, creating them for yourself is as easy as keying in the relevant details.

A key reason clients visit accountants is to learn about asset protection strategies – especially if they’re vulnerable to potential litigation. But while a common strategy is to put assets in the name of a non-working spouse, a recent court case has exposed how this approach is now less than ideal.

Offering additional services to your clients can be a little nerve-wracking. We break down some of the most common questions accountants ask about moving into estate planning, and what you can do to “own the space”.

All too often, accountants are happy to have a quick chat with their clients, thus completely disrupting their day, without even charging for these interactions. The result is a client base that doesn’t properly value your services, as well as heightened risk for the business and an inefficient practice. The way to deal with this is to train your clients about how you provide your services. It’s also critical to clearly communicate the price of advice before you provide it. Finally, ensure everyone in the business understands the advice process and how to deliver it.

How Blue Edge got a 500% ROI with ChangeGPS.

[HOW-TO GUIDE] 5 WAYS TO BUILD YOUR ADVISORY: Make annual meetings matter more with ChangeGPS.

Like all great change-makers, Ben Duthie is driven by purpose. A Partner at Blue Edge—a boutique accounting firm in Perth—he helps small businesses and high-value individuals succeed through advisory that matters.

ChangeGPS is changing everything that's holding the accounting industry back.

The annual meeting—it’s a crucial moment with clients. You could be making it matter more. For clients, the annual meeting is the chance to get out of the weeds and into the big picture.

Accountants love saving their clients' assets from tax—but often miss the iceberg up ahead. When an unexpected death occurs, keep your clients from chaos.