Client Background:

Michele, a mother of two teenagers managing multiple family businesses, faced significant time constraints with running her businesses. Along with her husband Paul, they decide to sell one of the family businesses, and then took to next step to transition across to Wakefield Pacific in search of streamlined accounting support and strategic financial guidance as they entered the next stage of their working life.

Challenges and Solutions:

Beyond the need for reduced administrative tasks, Michele also wanted to investigate setting up a Self-Managed Super Fund (SMSF) and develop a strategy for the purchase of an additional property.

We provided Michele with comprehensive advice in the benefits of an SMSF, as well as transitioning her business to using new accounting software to help with cutting down her admin time.

We also sat down with Michele and Paul to document specific advice on their business and asset structuring and the different options in financing the property acquisition.

Client Feedback:

"Transitioning to Wakefield Pacific after years with our previous accountant was seamless. They've not only saved me hours by setting me up with new and more streamlined systems, but also provided invaluable advice in relation to the benefits of using an SMSF and buying another property," Michele stated.

We have helped Michele to effectively manage her business and personal finances, paving the way for informed investment decisions and continued growth.

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