Achieve More With a Coordinated Wealth Approach

How One Conversation Can Transform Your Business

Three years ago, I began working with a dental surgery on their annual tax returns. The practice was stable and performing consistently year after year. During our yearly tax planning catch-up, the owner mentioned they were thinking about buying business premises - a way to own their space and create room for expansion.

That single conversation started them on the path to extraordinary growth.

When vision meets the right expertise

I suggested the purchase could potentially be structured through a Self-Managed Super Fund (SMSF), which sparked their interest. I referred them to a financial planner to explore whether it was viable. Initially, the planner said it wouldn't work. But through ongoing collaboration between us, we found a way to make it happen.

The financial planner and I spent an afternoon together, bouncing ideas back and forth, developing a tax planning strategy that enabled the property purchase while achieving significant tax savings. Solicitors handled the conveyancing, and between the three firms, we helped the owners move forward and complete the transaction.

I could see their new location had excellent potential, so I suggest they look into some business advisory services and an external marketing specialist. Within a short time, their practice’s growth exploded - almost doubling in size. Everyone working together on a single shared goal gave the owners confidence to pursue their vision and achieve results they hadn't imagined possible.

Why coordinated advice matters

This real-life example shows how business success blends your vision, solid financials, and the right team of professionals working together. But your advisors can only help you reach the goals they know about. Regular, structured conversations can open up options that seemed impossible or hadn't been considered.

At Accounting Heart, we create opportunities for discussion, where clients feel comfortable sharing their aspirations. We facilitate regular coordination with other professionals, particularly around key planning periods like the End of Financial Year. We ensure all advisors align on strategy before their individual client meetings and identify when additional expertise is needed.

This coordinated approach transforms possibilities into actionable strategies with a team ready to execute them.

The cost of working separately

If your business and wealth advisors don't talk to each other, you're potentially missing out on ways to grow faster and smarter. Your accountant, business advisor, financial planner, and solicitor each provide valuable expertise. But without coordination and communication, tax-efficient structures, growth opportunities, and strategic investments can slip through the cracks.

Building confidence through collaboration

Like our dental practice, when your team works together and you have the right structures in place, you can make bold moves that expedite your success. If this sounds like just what your business needs, book a no-obligation call here.

Disclaimer: This is general information only and is not advice of any sort. No warranty or representation is provided by Accounting Heart Pty Ltd as to the accuracy, currency or completeness of the information contained in this blog. Readers of this blog should not act or refrain from acting in reliance upon any information contained herein and must always obtain appropriate taxation and/or other advice as may be appropriate, having regard to their particular circumstances.