Find the constraint and grow past it
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Each page shows how our accounting, bookkeeping, loans and advice fit together for that industry.
Lender policies and LMI waivers for your profession.
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Accounting and bookkeeping for financial planning practices.
Who we work with: Independent planners, small advice practices and growing multi-adviser firms.
Book a free chatElephant Advisory looks after the businesses of Melbourne financial planners: compliance and tax planning for the practice, bookkeeping that tracks revenue by adviser and stream, and advice on structure and growth, so your own business gets the care you give your clients.
What gets hard for financial planning practices
Revenue streams
Ongoing fees, one-off advice and commissions need tracking separately to see what's profitable.
Compliance costs
Licensing and compliance costs keep rising, which squeezes practice margins.
Owner pay
Planners who own the practice need a plan for wages, dividends and retained profit.
One team, every part of the business
Each of these has its own page with the detail. Use as many or as few as you need.
Accounting and tax
Tax compliance and planning for the practice and its owners, including company structures.
Led by Sam Draper and Oz KarabadjakBookkeeping and payroll
Revenue tracked by adviser and stream, payroll and BAS handled.
Led by Marissa MoroGrowth advisory
Forecasting and growth planning for the practice.
Led by Shehan WijayasingheOffshore staff
Trained offshore admin and support staff, managed for you.
Led by our offshoring teamWhere most financial planning practices start
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Questions financial planning practices ask us
Do you work with financial planning practices?
Yes. We handle accounting, tax and bookkeeping for planners' own businesses, from sole practitioners to multi-adviser firms.
How should a practice owner pay themselves?
Usually a mix of wages, dividends and retained profit. If you borrow from your company, Division 7A rules apply, so plan it with your accountant.
Can you track revenue by adviser?
Yes. Our bookkeepers set up Xero tracking so you can see revenue and margin by adviser and by service.
Do I need every service?
No. Choose the services that help now.
Want it all handled by one team?
Tell us where things are at. We'll tell you what to fix first.
General information only. It doesn't consider your objectives, financial situation or needs.
