Legal Professional’s Guide To Building Wealth

Accounting, Tax & Financial Services for Lawyers

Legal professionals should seek expert guidance from accountants who understand their professional category and take time to appreciate their personal circumstances. Having dual-faceted knowledge is key to creating premium outcomes for lawyers – that’s why Wilson Pateras’ accountants and advisors familiarise ourselves with our legal client’s career goals and financial aspirations. The legal career path is a unique one: any tax or wealth management strategy you might put in place should match with your professional objectives.

Engaging an expert lawyer-focused accountant advisor to review and discuss these matters ensures you’ll be making the correct distributions annually and remaining compliant with ATO guidelines. Doing so sooner than later allows your financial strategy to mirror that of your career progression.

Having worked with legal professionals at various stages of their career trajectory, Wilson Pateras know that consulting with expert accountants will only ever be to a lawyer’s benefit. Knowledge means the power of better decision-making, leaving you to progress your career with confidence – the aim of every lawyer!

Building Financial Security

Strategies to help
minimise tax

Build effective tax planning strategies to legally minimise the amount of tax you pay. There are numerous ways such as deferring income, super contributions or to accelerate your expense deductions.

Build Your investment
portfolio

Develop a strategic investment approach and invest in asset classes that suit your risk profile.  Having the right structure is just as important as determining the right investment products.

Ensure you and your family
are financially secure

Ensure you and your family are financially secure by getting risk insurance, such as income protection and life insurance, particularly if you have young children or starting a family.

Setup your own
Superannuation Fund

Invest using your super money by setting up a Self-managed Super Fund. An SMSF gives you direct control and flexibility over your investment decisions, helping you reach your retirement goals.

Plan and manage
your cash flow

Cash flow planning provides a detailed projection on money going in and out, removing the element of uncertainty and guesswork. You will have a good insight on what is affordable and plan for the family budget as well.

Loans that suit your
financial circumstances

Take into consideration your financial circumstances and requirements when selecting the right loan for you, while also considering any tax implications and advantages.

CLIENT STORY
Emma Warren, Partner and Projects and Development Practice Group Leader at Allens, shares her story on her legal career trajectory and approach to building financial security with Wilson Pateras.

Book A Complimentary Meeting

If you would like more information or to discuss this further please contact
us on 03 8419 9800 or book a meeting using the form below.

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Expert lawyer focused guidance from accountants
that understand the law industry

Maree Pateras
General Legal Counsel

Mark Forte
Principal

Amy Buglass
Manager

PLEASE CALL US ON (03) 8419 9800 FOR MORE INFORMATION