Accountant for Financial Planners Melbourne — Tax Planning for Your Practice and Your Clients

Financial planners are experts at building wealth for others. But when it comes to your own practice — the structure you operate through, the tax you pay on your revenue, and how you protect what you’re building — are you getting the same quality of advice you give your clients?

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★★★★★ 83 5-Star Google Reviews | Led by Mina Baselyous, CPA + Chartered Tax Advisor | Registered Tax Agent

The Tax Challenges Specific to Financial Planning Practices

FUA-based revenue is lumpy — Trail commissions, advice fees, and review fees don’t always land consistently. Tax planning needs to account for this variability.
Practice entity structure is often wrong — Many financial planners operate as sole traders or through a simple company structure without ever reviewing whether it’s optimal. The cost of the wrong structure compounds silently every year.
High income, high marginal rate — Successful planners are often at the top marginal rate. Without income splitting and the right structure, you pay the maximum on everything you earn.
AFSL compliance costs are significant — Deductibility of compliance, PI insurance, and licensing costs needs to be managed carefully and claimed correctly.
The gap between your advice and your own position — You advise clients on wealth building daily. But who is running your own tax strategy?

What We Do for Financial Planning Practices

Practice Structure Review

We assess whether your current operating entity — sole trader, company, or trust — is the right fit for where your practice is now and where it’s going. A restructure at the right time can save years of excess tax.

Income Splitting

Via a family trust structure, we distribute practice income to lower-income family members — reducing the overall tax rate significantly. For a principal with strong FUA, this can be one of the highest-leverage financial decisions available.

Bucket Company Strategy

When family beneficiaries are already at high tax rates, we distribute trust income to a bucket company taxed at 25% — retaining profits for future deployment into investments or property. The 25% rate applies where the company is a base rate entity, which a bucket company fed by a trading practice normally is.

Superannuation Strategy

You know super better than most — but we handle the tax-deductibility side, timing of contributions, and coordination with your practice income to ensure the strategy is optimised end-to-end.

Compliance Cost Deductibility

PI insurance, AFSL fees, CPD, software subscriptions — we ensure every legitimate deduction is captured and correctly treated, reducing what you hand to the ATO each year.

Year-Round Advisory

We don’t wait for EOFY. We’re across your position throughout the year — flagging opportunities and making sure decisions are made with the tax consequences already factored in.

For Your Business Owner Clients — The Accounting Partner That Completes the Picture

You handle the wealth strategy. We handle the tax and business structure. Together, your business owner clients get complete coverage — and they stay loyal to both of us because neither of us is leaving gaps.

The best financial planning relationships we see are where the planner and accountant communicate openly, divide responsibilities cleanly, and give the client one coherent strategy. That’s what we aim for.

When your business owner clients come to us, they get:

Proactive tax planning — not just annual compliance
Structure advice that complements your wealth strategy (not conflicts with it)
An accountant who picks up the phone and explains things clearly
Year-round advisory — so they’re never making big decisions in the dark

And when our clients need a financial planner — for investment strategy, insurance, super, or retirement planning — we refer to the planners we trust.

What Our Clients Say

“As a mortgage broker, Mina referred a client to me for refinancing, resulting in substantial annual savings for the client. The collaborative approach demonstrates his commitment to holistic client outcomes.” — Manjula Ezra, Mortgage Broker

“They operate as strategic business and tax advisors — not just compliance accountants — working alongside other professionals almost like a board of directors for the client.” — Mario Boudewyn, Financial Adviser

“I have no hesitation to refer clients to Mina — he is knowledgeable and strategic with his advice.” — Julian Barclay

Frequently Asked Questions

How do you work alongside a financial planner?
We treat it as a division of responsibility — you own the investment and wealth strategy, we own the tax and business structure. We communicate openly, stay in our lane, and flag anything that crosses over so we can align.

Do you share client information with the financial planner?
Only with the client’s consent, and only what’s relevant. We’re used to working in professional networks where communication is important but privacy is respected.

What’s your referral process?
A warm email introduction or a direct booking via our website — we take it from there and update you as appropriate.

What types of business owner clients do you work with?
SME business owners turning over $500K or more — across industries including professional services, construction, retail, and trades. If they’re growing, have staff, and are paying too much tax, we’re the right fit.

Ready to Work Together?

Whether you want proactive tax planning for your own practice, or you’d like to explore a referral partnership for your business owner clients — let’s start with a conversation.