Advice for firms whose value is their people.
Consultancies, agencies and professional firms make money from expertise and time, not stock or assets. That brings its own questions: how to allocate profit, how to structure across principals, how the personal services income rules apply and how to plan tax on strong earnings. We help Brisbane firms get all of it right.
Not sure this is you? Start here
You might recognise this
- Your firm is profitable but how that profit is allocated between principals is more habit than strategy.
- You are not certain the personal services income rules do or do not apply to how you earn.
- Drawings from the company are leaving you with Div 7A questions at tax time.
- Project and retainer income makes cash flow lumpier than the work suggests.
- A strong year produces a tax bill that always seems larger than you expected.
How we help professional services firms.
- Profit allocation with a strategy
- We help you allocate profit between principals and entities in a way that is fair, documented and tax-aware, rather than repeating last year's arrangement out of habit.
- Structuring for principal-led firms
- We review whether your company, trust or group structure suits multiple principals, manages risk and handles tax well, then implement any change cleanly.
- Personal services income clarified
- We work out whether the PSI rules apply to your earnings and, where they do, make sure income is attributed and deductions claimed correctly so your position holds up.
- Div 7A on drawings managed
- If principals draw on the company, we keep loans documented and on complying agreements so they do not turn into deemed dividends and surprise tax.
- Cash flow across projects and retainers
- We bring structure to lumpy project and retainer income so you can plan drawings, hiring and tax with a clear view of what is actually available.
- Forward tax planning
- We project your firm's position before year end and use the timing, contributions and concessions available, so a strong year is planned for rather than reacted to.
Services for you
Business advisory
Profit allocation, structure and performance advice for principal-led firms.
ExploreTax planning and structuring
Structuring, PSI and forward planning built for consultancies and agencies.
ExploreAccounting and taxation
Accurate accounts, BAS and returns across the firm and its principals, lodged on time.
ExploreQuestions we hear most often.
Have a question that is not here? Call 07 3399 2300 or book a consultation and we will answer it directly.
How should we allocate profit between principals?
There is no single right answer, but it should be deliberate and documented. We help you build an allocation that reflects contribution and ownership while staying tax-aware and defensible.
Do the personal services income rules apply to us?
It depends on how your income is earned and whether the business passes the relevant tests. We assess your situation and, where the PSI rules apply, make sure your returns treat income and deductions correctly.
Our income is lumpy across projects. Can you help with cash flow?
Yes. We structure your reporting so you can see committed revenue, work in progress and what is genuinely available, then plan drawings, hiring and tax around that.
Why do drawings from the company create tax questions?
Payments and loans from a company to its principals can be caught by Div 7A and treated as deemed dividends. We keep these on complying loan agreements so they do not create unexpected tax.
Structure your firm around its strengths.
Book a consultation and we will review your profit allocation, structure and tax position, then show you the changes that make the firm more efficient and more resilient.