CASE STUDIES

Jimmy, (Not his real name) a 24 year old employed male who, after years of self-preparation finally decided to use the service of a professional accountant to help prepare his Income Tax Return. After a pay rise he realised that for less than the price of a plumber’s call out fee, he could eliminate all the paranoia associated with self-preparing his tax return.

Boris uncovered deductions available to him that went unclaimed in previous years. Boris then amended his prior two Income Tax Returns and Jimmy received further refunds as a result.

Boris reviews and scrutinises previous tax affairs for all new clients. What sets Boris apart is his commitment to the finer details and his continual pursuit in achieving the maximum return for his clients.

Adam, (Not his real name) is 40 years old and has numerous investments under various entities. He was fed up with his current accountant who continuously failed to return his calls or meet agreed upon deadlines.

Boris contacted his old accountant, organised a swift changeover and obtained possession of Adam’s important documents saving him a nuisance and eliminating a potential conflict.

Garry (not his real name) was a maverick and changed jobs frequently as he bored easily.  He engaged Boris as his accountant after hearing about him through word of mouth.

Prior to visiting Garry at his home in Maroubra, Boris discovered that Garry had Lost Superannuation in various superannuation accounts - a common consequence of changing jobs frequently.  Boris then helped Garry rollover his various superannuation accounts into a single fund.

As part of Boris’ services he undertakes a Lost Superannuation search at no charge. He will also help complete and certify the documents to rollover your funds into a single superannuation fund nominated by you. This could save you hundreds or possibly thousands in fees every year and Boris helps remove the hassles of complex paperwork.

Vanessa (not her real name) at age 45 finally opened a new business that she had been thinking about for some time. She had good industry knowledge, however knew nothing about accounting or record keeping.

Vanessa wanted to learn and self-prepare the basic accounts which allowed her to retain an intimate insight of the business’ financial affairs. She also knew it was crucial to remain focused on the core functions of her business and not allow the burden of administration to take over.

After a meeting with Boris, her Software was up and running and she had a new found confidence. Boris also supplied her with Customised Spreadsheets that allowed her to minimise her administration time. Boris also helped her select the right business structure from the start and managed to assist her in selecting the most tax effective financing structure.

She now has more time to focus on growing her business and manages her taxation affairs in the most time efficient and effective manner thanks to the reliable advice provided to her by Boris.

Anna and Monique (not their real names) are in their late twenties. Both are married, have been friends since primary school and have respectful careers that pay well.

Unhappy with the amount of fees they paid and the poor returns they received from their superannuation funds, Anna and Monique convinced their respective husbands to band together and open a Self-Managed Superannuation Fund between the four of them.

They understood that by pooling their funds together they could achieve greater returns, save on administration fees and could even buy an Investment Property with their superannuation.

Boris formed the Self-managed Superannuation Fund on their behalf and continues to carry out all the accounting and administration requirements. Boris maintains exceptional records and reports of all their individual contributions so in any event they can be confident that each of their individual account balances are transparent and indisputable.

They also save money by allowing Boris to complete their individual taxation affairs.

Gordon and Yale (Not their real names) are in their early 50’s. They decided to sell an investment property they had bought some time ago, to free up some funds for their 24 year old daughter who is trying to buy her first home in Sydney. The building was really ageing and the strata management was also becoming unbearable. The property however had more than doubled in price and helping their daughter get a foot in Sydney’s property market came naturally to them.

The sale of the investment property realised a Taxable Capital Gain of $60,000 each for both Gordon & Yale.

During that same financial year, Boris implemented a superannuation contribution strategy that saved them both in excess of $28,500 in taxes.

Opening a Self-Managed Superannuation Fund gave them the flexibility and control they needed to implement other tax effective superannuation strategies that Boris would implement up to and throughout their retirement.