PROFESSIONAL
John is a Sydney Barrister in his early 50's. Three years ago he faced a significant turning point in his life. His divorce had left him with little wealth, other than his newly purchased residence. He still had a significant income but was struggling to pay his 'hefty' tax bills. He had no savings, growing debt and his financial misjudgements were being amplified over time. Without a saleable business John was faced with the prospect of working well into his 70's.

After enhancing John's practice management systems to reduce his debtors and bad debt write-offs, we were able to restructure his affairs so as to legally reduce his tax liability by nearly $50,000 pa. With a stronger cash flow, John was able to plan and set aside funds to pay his tax liabilities in a timely manner. John was able to develop good wealth habits and is now disciplined enough to achieve his wealth goals while still maintaining his desired lifestyle.

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