Andrew Brown - Principal. Chartered Accountant. BA(ACC) CA FTIA AICD Andrew Brown is a Member of the Institute of Chartered Accountants; a Fellow of the Tax Institute of Australia; a Member of the Institute of Company Directors; a Justice of the Peace for South Australia When should I see a chartered accountant? When you first start work to minimise tax to help when buying a house or car, When older and are generating wealth through employment or a small business to minimise tax, for asset protection and to help with wealth creation. Small business in middle age group need succession planning advice and follow through. See a chartered accountant as an investor to prepare and ensure that the investment is sound, legal, and made in the right way. Investments should be owned and structured in the right way prior to the investment being made. Need to get the right debt structure. Need correct asset protection structure. Need to understand taxation structures. When should a retiree see a chartered accountant? To prepare for your retirement. Need to understand structure is important to minimise taxation to ensure most return on your capital. Estate planning is important. Passing on your assets to the beneficiaries you choose and not have it go to the government. Need to protect assets also which can be done through estate planning. Nest egg needs to be protected so you can live on that in retirement. A chartered accountant works hand in hand with financial planning and develops a long term relationship with a client from beginning work through to retirement - an holistic approach. A chartered accountant can be seen as an economic manager and assist in making the right decisions.
When should I see a chartered accountant? Andrew Brown - YouTube |
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| People & Blogs | Upload TimePublished on 17 Jun 2010 |
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