Accounting, Tax & Financial Services for Barristers

Accounting, Tax and Financial Services for Barristers

Wilson Pateras are Australia’s go-to expert accounting and financial advisory for barristers. With deep insights, specific to the accounting and wealth-building concerns of the legal community, Wilson Pateras creates clear road-maps to help barristers achieve their financial goals.

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Get Financial Advice Throughout Your Career As a Barrister

As a barrister, there are number of accounting, tax, insurance and financial considerations you need to deal with. From establishing your business structure as Sole Trader to tax planning, financial reporting and cash flow management, there are many regulations and rules you need to comply with. Wilson Pateras understands the pressures barristers face and can provide you with, long-term financial and accounting advice whilst you can focus on running your practice.

Our accountants and financial advisors in Brighton and Richmond can:

  • Prepare and lodge your tax returns
  • Strategise to minimise the amount of tax you pay
  • Ensure you meet ATO compliance obligations
  • Plan and manage your cash flow
  • Recommend appropriate investment and tax structures
  • Provide advice when you are transitioning into partnership
  • Setup and manage a SMSF (Self-Managed Superannuation Fund)
  • Advise on appropriate insurance

Questions? Book a complimentary meeting with us to get started!

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Key Accounting & Financial Steps For Barristers

Wilson Pateras specialise in Accounting and Financial services for barristers. We will help you transition and setup your practice and become your long-term financial support.

Setup your business

Now that you must operate as a Sole Trader, you need to setup an ABN and register for GST.   You will need to lodge your quarterly BAS statements with the ATO ensuring to include the income you have received each quarter on a cash receipts basis.

Manage your business records

Using an innovative cloud accounting system helps manage your bookkeeping, superannuation payments and financial records, giving you a dedicated focus to all of your business financials.

Retirement Planning

Prepare for your tax liabilities

In the first year you will receive gross income, which means you will need to calculate your likely tax liabilities and put this aside. Timely tax preparation will ensure you make the correct distributions annually and remain compliant.

Plan and manage your cash flow

Build financial security through investing in asset classes that suit your risk profile. Setup the appropriate investment and tax structures to help with tax minimisation and build your wealth for the future.

Ensure you and your family are financially secure

The needs of a lawyer will change over time.  What may commence as a simple annual tax return can swiftly progress into a much more complex undertaking.  We are here to guide you along the way.

Setup investment strategies to build your wealth

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

Get a Complimentary Consultation

You can choose either phone consultation or face-to-face meeting in our offices in Richmond or Brighton.

We are offering a complimentary financial strategy session for legal professionals . During this meeting, you have the chance to ask any questions you may have regarding your financial goals. Secure your no-obligation consultation today by simply filling out the form and one of our specialists will get back to you.

Your personal details are safe with us and won't be shared with third parties.

Accountants and Financial Advisors for Lawyers and Barristers

Amy Buglass

Manager

Lasadi Felsinger

Financial Advisor

Mark Forte

Principal

Maree Pateras

General Legal Counsel

Nick Street

Principal

Our Offices

Richmond Head Office

40 River Boulevard
Richmond
VIC 3121

Phone: (03) 8419 9800
Fax: (03) 8419 9888

Brighton Office

196 Bay Street
Brighton
VIC 3186

Phone: (03) 8419 9800
Fax: (03) 8419 9888