Frequently Asked Questions

Our focus on delivering high-quality, bespoke services tailored to families and businesses with complex affairs. Unlike traditional firms, we combine op-tier expertise with a deeply personal, values-aligned approach, ensuring that every recommendation is strategic, timely, and relevant to your unique circumstances.

We also leverage a broad network of specialist advisors and resources, giving our clients access to sophisticated solutions typically found only at large CBD firms, but without the hefty fees. In short, we deliver exceptional insight, strategic guidance, and a personal connection that truly supports your family or business, both now and into the future.

We offer 4 main services here at New Leaf Advisory.

1. Enterprise Advisory

Enterprise Advisory is a versatile service that goes beyond businesses, benefiting high net worth individuals and families with complex wealth portfolios. It focuses on strategic approaches to financial success, including estate planning, succession planning, and tax optimization. This advisory service helps our clients manage risks, seize opportunities, safeguard assets, and enhance overall wealth. The key is building enduring, value-driven relationships, customising corporate structures, providing clear advice, and making optimal decisions for long-term prosperity.

2. Tax & Accounting

New Leaf Advisory specialises in Australian taxation regulations, especially for small to medium enterprises. We provide comprehensive accounting and taxation services to our clients to ensure compliance and positive relationships with regulatory authorities. Handling your own tax and accounting can be intricate and time-consuming, potentially leading to costly mistakes. Engaging a professional can significantly impact your business and personal wealth goals. New Leaf Advisory serves a diverse clientele, including individuals, families, startup businesses, small and mature businesses, as well as family trusts and Self-Managed Superannuation Funds (SMSFs).

3. Superannuation

Superannuation is a powerful tool for future savings, asset protection, and tax planning. However, it can be complex, particularly when dealing with Self-Managed Superannuation Funds (SMSFs). New Leaf Advisory offers a proven process for managing SMSFs, drawing from extensive experience with numerous engagements.

We collaborate with financial planners and investment advisors to assess portfolio returns, providing strategic insights and impartial advice. For many of our clients, as part of their broader wealth management, we ensure that superannuation aligns with their desired current and future lifestyles, optimising available concessions and compliance.

4. Virtual CFO

New Leaf Advisory’s virtual CFO services cater to small-to-medium businesses, startups, high net worth individuals, and families, enhancing their financial prosperity. By replacing the existing finance function with a tailored and expert service, we allow clients to focus on their most critical affairs.

Our expertise simplifies complex financial matters, offering customised information that fosters long-term comprehension and prosperity. As a trusted advisor and partner, New Leaf Advisory guides wealth accumulation and preservation. We listen attentively to our clients to provide suitable advice that assists them in executing strategies to achieve their financial objectives.

We understand that introducing new people, such as an accountant, into your life can be daunting and may trigger feelings of hesitation. It’s natural to prioritise short-term stability, which can make the prospect of change seem less appealing. Whilst it might feel unsettling initially, it is essential to consider the potential long-term benefits and growth opportunities that come with embracing change.

Please feel welcome to get in touch by our expert advice link or  phone or email  and we will be happy to arrange a discovery meeting at a convenient time for you.

Tax and Accounting / CFO / Superannuation Services

To eliminate ambiguity over our service charges, where possible, we will undertake the appropriate due diligence of your circumstances to be able to provide fixed quote across a broad range of tax and accounting, CFO and superannuation services. This ensures you’ll have a clear understanding of the compliance services you’ll receive and the associated costs. We generally charge annual fixed fees on a quarterly basis for more complex group affairs or invoice a 50% deposit / 50% completion basis for simpler affairs.

Advisory services

Advisory needs are much more complex the associated costs will largely depend on your individual circumstances. You will receive a formal engagement detailing the fee structure specific to your needs for these services. Should there be ongoing advisory needs, we will seek to establish a fixed fee basis for the specified scope of work to eliminate ambiguity and support cost certainty.

Despite being a smaller suburban firm, New Leaf Advisory sets itself apart from mid-tier or Big-4 firms by virtue of our tailored approach and specialised focus. We work closely with clientele who align with our specific skills and experience, ensuring a deep understanding of their unique needs. Our commitment to continuous training and development allows us to leverage our expertise effectively. We pride ourselves on being experts in our areas of strength while remaining acutely aware of our limitations and therefore have strong relationships with strategic partners to add value when do not have the expertise. By utilising best practice resources tailored to our clients’ circumstances, we deliver a high level of personal engagement, offering a premium and unparalleled experience that distinguishes us from larger competitors.

Misson

To assist people we serve make informed financial decisions that translate to purposeful achievement or prosperity.

Values

• Nobility (Trustworthy)
• Engagement (Responsive/Initiative)
• Worthy (Quality)
• Loyal (Integrity)
• Evolve (Innovation)
• Allegiance (Collaborate)
• Foresight (Forward thinking)

Engaging with us can be highly beneficial for (at least) 10 key reasons:

1. Expertise and Knowledge: we are a trained and experienced professional team with in-depth knowledge of tax laws, regulations, and financial matters. We stay updated on tax law changes and help our clients regularly navigate complex tax issues.

2. Tax Savings: we identify legitimate deductions, credits, and tax-saving strategies for our client that are commonly overlooked. This has resulted in extensive savings to our clients on an annual and cumulative basis.

3. Time Savings: managing your own tax compliance activities can be time-consuming, especially if you are a business’s owner or an individual with complex financial situations. Delegating these tasks to a professional allows you to focus on your core activities.

4. Accuracy and Compliance: we ensure that your financial disclosures are accurate and compliant with tax laws. This reduces the risk of errors, audits, and potential penalties.

5. Proactive Planning and Advice: we provide valuable planning and proactive advice. We can help you create budgets, set financial goals, analyse actual performance and make informed decisions about your business, investments, retirement and estate plans.

6. Business Growth: for business owners, we offer insights into your financial performance and provide recommendations for improving profitability and efficiency. We also help with business planning and expansion strategies, for clients wishing to grow their business.

7. Peace of Mind: knowing that your financial affairs are in capable hands can reduce stress and anxiety. You can have confidence that your taxes are filed correctly and on time.

8. Governance: in the event of unforeseen risks to taxpayers, such as tax audits or inquiries from tax authorities, having a strong accounting team is invaluable. They can represent you, provide necessary documentation, and ensure compliance during the audit process.

9. Complex Situations: if you have a complex financial situation, such as numerous businesses, investments, multiple sources of income, or international transactions, we can help you navigate these intricacies.

10. Network Effect: whilst we have broad expertise across a range of diverse professional service matters, we also have an extensive network of capable resources for specialist circumstances which require extensive and in-depth attention.

In summary, we provide financial expertise, tax savings, time savings, and peace of mind. Engaging us is an investment that can lead to improved financial well-being and better decision-making.

Our 5 key steps to establishing a strong relationship with our team involves the following:

1  Discovery Meeting

In this initial consultation, we’ll take the time to understand your unique circumstances, goals, values and needs. Our priority is to ensure that we clearly understand what you’re looking for, so we can tailor our services to provide maximum value to you.

2  Due Diligence

We will conduct thorough due diligence to gain a deep understanding of your financial affairs. This process allows us to identify how we can best serve you.

3  Your Engagement

We will provide you with a comprehensive engagement proposal, detailing the scope of services, associated costs, and terms and conditions. This ensures complete transparency, so you know exactly what to expect from our partnership.

Additionally, we’ll handle the seamless transition of services from your existing tax agent or service providers to ensure minimal disruption and complete peace of mind for you.

4  Acting as your accountant

We’ll continue to deliver on the agreed scope of work, providing regular updates and maintaining clear communication, so you’re always informed about your financial position and progress.

5  Continuous Development, Optimisation, and Maintenance

As your circumstances evolve, we’ll work with you to refine and optimise our services. Our goal is to ensure that we not only meet but exceed your expectations, offering proactive advice and solutions as your business grows.

Yes, we offer a complimentary initial discovery meeting. This initial session allows us to learn more about your needs and discuss how we can assist. Should you wish to proceed further, we would then enter into a more detailed due diligence phase to assess your situation thoroughly and provide a fixed-fee quote. If, at any point during the due diligence stage, you decide not to continue with our services, we may request compensation for the time and effort invested in that process.

At New Leaf Advisory our client’s confidentiality and cybersecurity is of paramount importance. In today’s interconnected digital landscape, safeguarding our data, operations, and client information is not just a priority but a necessary.

To ensure our clients are protected we are accredited by the Accounting Data Security Standard (ADSS). The ADSS is a global best practice standard for the protection of client data and passwords for accountants worldwide. At New Leaf we have proactively put in place positive best practice standards relating to data security.

View our accreditation certificate here

Further to this we comply with the Tax Practictioners Board (TPB) guidelines on the use and disclosure of our client’s TFN along with adhereing to the Boards code of professional conduct around the confidentiality of client information. 

Our team will manage your affairs through a structured approach that begins with a thorough discovery phase involving the Principal and designated client managers. This process allows us to gain a deep understanding of your specific needs and objectives. We will then review and align resources, including external service providers, to ensure that we have the right expertise in place. Our commitment to your success involves regular and ongoing engagement with all stakeholders, fostering collaboration and open communication. If necessary and as your needs evolve, we will introduce specialists and appropriate advisers over time to provide tailored solutions and support for your unique requirements.

Client Types – client categories we typically deal with comprise the following:

• • Family offices
  • Retirees (or pending)
  • Wealthy families
  • Entrepreneurs
  • Progressive small and medium enterprise
  • Complex and aspirational individuals

Industries – we are not industry specialists, we are client specialists and therefore work with an extensive range of industries which include but are not limited to the following:

• • White collar professionals (Architects, Engineers, Investment Advisers, Solicitors)
  • Creatives (Artists, Designers, Marketing Agencies)
  • Trades (Builders, Electricians, Plumbers)
  • Professional Investors (Real Estate, Stocks, Managed Funds, Venture Capital, Private Equity)

New Leaf Advisory is ideally suited for clients who prioritise high-quality, meticulously managed back-office tax compliance affairs, allowing them to enjoy peace of mind without having to worry about the details. Whether you have specific advisory needs or require ongoing guidance, our services cater to both. We are an excellent choice for those seeking proactive and insightful management of their affairs, aiming for improved results and outcomes. We go beyond the basics by offering holistic and ancillary services, ensuring that our clients receive comprehensive support tailored to their unique requirements.