Link Accounting | Asset Protection Perth
You’ve worked hard to build your wealth - now make sure it’s protected. Link Accounting offers expert asset protection strategies in Perth to safeguard your personal and business assets from unexpected risks.
In business and in life, things don’t always go to plan. Lawsuits, business failures, creditor claims, even divorce or disputes - any of these could potentially put your assets in danger. Asset protection is about putting legal and financial structures in place before trouble strikes, so that if the worst happens, your home, savings, and investments remain secure. Our team at Link Accounting & Business Solutions has deep expertise in structuring and strategy to help insulate your wealth. We work with small business owners, professionals, and investors across Western Australia to create robust asset protection plans tailored to their circumstances.
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Why Asset Protection Matters
Separate Personal from Business Risk ▼
As a business owner, one of the biggest mistakes is operating in a way that doesn’t distinguish between your business’s liabilities and your personal assets. For example, if you’re a sole trader or partnership, your personal assets (house, car, etc.) can be taken to pay business debts. By using structures like companies and trusts, we create a corporate veil - your business creditors generally can’t claim against your personal wealth (and vice versa).
With over two decades in the industry, our team brings extensive experience across industries and business life stages. We’ve coached start-ups, growing enterprises, and established companies, so we can tailor our expertise to your situation. Our accountants are Chartered Accountants and registered tax agents, ensuring you receive the highest standard of advice and compliance.
Shield From Lawsuits ▼
You don’t have to be doing anything wrong to be sued - accidents happen or clients may make claims. Professions like doctors, lawyers, builders, etc. are especially at risk. A solid asset protection plan might involve transferring ownership of key assets (e.g., putting your family home in a spouse’s name or a trust if that spouse is not exposed to business risk) while ensuring you retain effective control. So even if a lawsuit hits your business or you personally, those transferred assets are out of reach to litigators.
We believe in building long-lasting relationships. You’ll get a dedicated client manager who truly understands your business. We take the time to get to know you and tailor solutions – because no two businesses are the same. Whether you’re a solo tradie or manage a growing team, our advice is aligned to your goals.
Protect Against Creditors and Insolvency ▼
We all hope our ventures succeed, but in the event a business fails, proper planning can prevent your hard-earned personal wealth from being wiped out by creditors. This might include creditor-proofing strategies like using trusts to hold assets or having secured loans to yourself recorded (in case external creditors come knocking, you stand in priority).
Forget only seeing your accountant at tax time. We partner with you year-round, providing proactive tax planning, regular check-ins, and strategies to improve performance. Our clients often tell us they “sleep better at night” knowing we’ve got their compliance and planning covered – before issues arise. We’re not just number-crunchers; we’re business advisors who help you forecast, plan, and grow.
Estate Planning & Family Law Considerations ▼
Asset protection isn’t just about business. It also plays a role in estate planning - for instance, setting up testamentary trusts in your Will can protect your children’s inheritance from any future divorces or lawsuits they might face. Similarly, if you’re entering a marriage or de facto relationship later in life with significant assets, we can discuss measures (like Binding Financial Agreements or trusts) to protect family assets in case of separation. While we focus on the financial structuring side, we work closely with legal professionals in these areas to coordinate a plan.
Tired of paperwork? So are we. Link Accounting will set up seamless cloud-based accounting systems (like Xero or MYOB) to streamline your bookkeeping and reporting. Enjoy real-time financial data and automated processes that save you time and reduce errors. We’ll train and support you in using these tools, so you have clarity and control over your numbers anywhere, anytime.
We welcome you to the firm with a complimentary first consultation*. This no-obligation meeting lets us discuss your needs and show how we can add value – a risk-free way for you to get to know us. (Book yours now at (08) 9455 7022)
Based in Victoria Park, we are proud locals. Our team understands Western Australia’s business landscape, state tax requirements, and local market conditions. When you work with us, you get big-firm expertise delivered with small-firm friendliness and the practicality of a fellow WA business. Expect a professional yet approachable tone in all our interactions – we explain accounting in plain English and are always just a phone call away for quick questions.
Our Asset Protection Strategies
Every individual’s situation is unique, so our advice is bespoke. However, some common strategies and tools we often employ include:
Business Structuring ▼
Choosing the right business entity is step one. Operating as a company can limit liability compared to a sole trader. We often use a trust to own the business (with a company as trustee) or to own significant assets like property or equipment that the trading company uses. This way, the trading entity might carry risk, but the valuable assets are held in a separate, safer vehicle. (See our Business Structuring Perth page for more on setting up companies and trusts properly.)
Accurate financial bookkeeping, preparation of financial statements, and ensuring you meet all compliance obligations. We handle GST/BAS preparation and lodgement, payroll processing, superannuation compliance, and PAYG reporting. All your routine accounting tasks are managed efficiently so you stay compliant with the ATO and avoid any penalties. (You didn’t go into business to do bookkeeping and admin paperwork – so leave it to us! We’ll put systems in place to handle it
Family Trusts (Discretionary Trusts) ▼
Family trusts are a popular way to hold investments and spare cash. They not only provide tax flexibility but also asset protection, since the assets are technically owned by the trust (not you personally). A well-drafted trust can shield assets from creditors provided it’s set up well before any claims arise (it’s not effective to move assets when trouble’s already on the horizon - timing is key). We establish and administer family trusts for many clients, ensuring trustees, appointors, and beneficiaries are structured for optimal protection.
Strategic tax planning to minimize your tax liability and maximize your after-tax profit. Our tax accountants prepare annual company tax returns, sole trader and partnership returns, and offer guidance on deductions and incentives relevant to your industry. We stay up-to-date on tax law changes and proactively advise you on the best tax-effective structure and strategies (for example, whether to use a company, trust, or sole trader setup). Before EOFY, we’ll meet for annual tax planning to implement strategies that legally reduce taxes and avoid surprises.
Property Protection (e.g., via Separate Spouse Ownership): ▼
For married or de facto couples, sometimes a simple yet effective strategy is to have the family home and other personal assets in the name of the spouse who has lower exposure to risk. For instance, if one spouse runs a business and the other is not involved, we might advise that the non-risk spouse hold title to the home. Of course, we consider land tax and other implications in this decision.
Expert advice on choosing and setting up the right business structure. Whether you are starting a new venture or looking to restructure an existing one, we’ll evaluate the options – sole trader, partnership, company, trust – and recommend the optimal structure. Our focus is on both efficiency and asset protection: safeguarding your personal and family assets from business risks. We can also review your current structure and suggest changes if it’s not providing adequate protection or tax efficiency.
Insurance and Legal Agreements ▼
We complement structural strategies with insurance reviews - adequate public liability, professional indemnity, product liability (as applicable) provide a first line of defense, potentially preventing a claim from reaching your personal assets at all. We also highlight the importance of contracts in business (clear terms with customers, suppliers, and partners) to limit liabilities. While these are legal matters, our holistic perspective ensures you’re thinking about them as part of the protection plan.
“Cash is king” in any small business. We will help you prepare realistic cash flow forecasts and budgets, so you can plan for seasonal fluctuations and growth. By monitoring cash flow and comparing actuals to forecasts, we identify potential shortfalls in advance and craft solutions (like adjusting expenses or seeking finance). Our aim is to improve your business’s cash position, ensuring you can meet obligations and invest in opportunities.
Records and Compliance ▼
Believe it or not, sloppy bookkeeping or not following corporate formalities can undermine asset protection. For example, if you treat company funds like your personal piggy bank, a court might “pierce the corporate veil” saying the company is just an alter ego. We educate our clients on maintaining proper separation - keeping good records, having separate bank accounts, documenting loans between you and your entities, etc. These practices bolster your protection if challenged.
Think of us as your external CFO. We provide business advisory services ranging from financial analysis of new opportunities to guidance on improving profitability. Are you looking to grow or scale up? We’ll analyze your financials and KPIs to pinpoint areas for improvement (cost control, pricing strategy, margin enhancement) and help set achievable goals. Considering a major decision like purchasing a new asset or expanding premises? We conduct feasibility studies and scenario planning so you can make informed choices.
Planning to eventually sell or hand over your business? It’s never too early to start succession planning. Link Accounting guides you through preparing your business for sale or transition – from valuing your business and tidying financial records to advising on tax-effective exit strategies (like small business CGT concessions). Our goal is to help you maximize the value you’ve built when the time comes to exit or retire.
We’re not just accountants; we’re partners in your success. Many of our small business clients benefit from regular coaching-style meetings. In these sessions, we review your financial performance, discuss challenges, and keep you accountable to your business goals. It’s like having a knowledgeable business mentor who can interpret the numbers and guide you on strategy. Our clients love that we explain financial concepts in plain language and help them become more confident business owners.
Get Peace of Mind with Link Accounting
It’s often said in asset protection: the best time to put a plan in place is yesterday; the second-best time is today. Don’t wait until a threat emerges – by then many options could be off the table. The strategies we implement are preventative, much like insurance.
At Link Accounting, we have helped countless Perth clients fortify their financial defenses. The result is peace of mind – they can take on business opportunities or sleep at night knowing they’ve built a financial fortress around their family’s wealth. And these protections don’t have to be overly complicated or expensive; sometimes a few simple tweaks make a world of difference.
Our first step with any new client is a complete review of your current operations and business structure. We want to understand how you’re set up, what’s working, and what needs improvement. From this review, we’ll provide you with actionable recommendations – whether it’s a better accounting system, a tax strategy you haven’t utilized, or an asset protection measure to put in place. Together, we develop a road map tailored to your business.
Next, we’ll get you set up on our systems with minimal disruption. If you require a cloud accounting platform (like Xero), we handle the setup and training. We also liaise with your previous accountant or bookkeeper (if applicable) to transfer information seamlessly. Our team will ensure all ATO registrations, accounting files, and records are in order. You’ll meet the key team members who will be looking after you, so you know exactly who to contact for what.
Throughout the year, count on us as an extension of your team. We’ll schedule regular check-ins – for some clients that’s quarterly strategy meetings (included in many packages), for others it might be a quick monthly call. Need advice out of the blue? Just ring or email us – we encourage questions and are happy to be your sounding board on financial decisions. And when those inevitable urgent issues pop up (say, a looming BAS deadline or a finance application needing statements), we prioritize getting you sorted fast.
Come end of financial year, we really roll up our sleeves. We’ll do a thorough tax planning session before June 30 to implement any last-minute strategies. After year-end, we prepare your financial statements and tax returns promptly. Then we sit down with you for an annual review meeting – to not only go over the past year’s results, but also plan for the year ahead. We’ll discuss tax-saving outcomes, business performance, and set goals for the new year. This annual cycle ensures continuous improvement and no surprises at tax time.
As a Link Accounting client, you also gain access to our network and resources. We have affiliates in financial planning, insurance, and lending (finance brokers) – so if you need help beyond accounting, we can refer trusted professionals. Check out our blog for free tips and our client resources library for handy guides on topics like record-keeping or cash flow. We want to empower you with knowledge, not keep you in the dark.
Planning to eventually sell or hand over your business? It’s never too early to start succession planning. Link Accounting guides you through preparing your business for sale or transition – from valuing your business and tidying financial records to advising on tax-effective exit strategies (like small business CGT concessions). Our goal is to help you maximize the value you’ve built when the time comes to exit or retire.
We’re not just accountants; we’re partners in your success. Many of our small business clients benefit from regular coaching-style meetings. In these sessions, we review your financial performance, discuss challenges, and keep you accountable to your business goals. It’s like having a knowledgeable business mentor who can interpret the numbers and guide you on strategy. Our clients love that we explain financial concepts in plain language and help them become more confident business owners.
Want to Protect What You’ve Built?
Let’s talk. We offer confidential consultations to assess your current structure and identify vulnerabilities. From there, we’ll propose practical solutions to strengthen your asset protection. Contact us at (08) 9455 7022 or via email to schedule an asset protection review with our experts.
Remember, the time to protect your assets is before you need to. With Link Accounting’s help, you can face the future knowing you’ve secured the wealth and assets you’ve worked so hard for. Let us help you build that peace-of-mind plan today.
What to Expect When You Work with Us
We offer a comprehensive suite of accounting, tax, and advisory services to cover every aspect of your small business’s financial needs. When you partner with Link Accounting, you effectively gain a virtual CFO and finance department that you can dial in as needed. Our business solution services include:
Initial Review & Personalized Plan ▼
Our first step with any new client is a complete review of your current operations and business structure. We want to understand how you’re set up, what’s working, and what needs improvement. From this review, we’ll provide you with actionable recommendations – whether it’s a better accounting system, a tax strategy you haven’t utilized, or an asset protection measure to put in place. Together, we develop a road map tailored to your business.
Smooth Onboarding and System Setup ▼
Next, we’ll get you set up on our systems with minimal disruption. If you require a cloud accounting platform (like Xero), we handle the setup and training. We also liaise with your previous accountant or bookkeeper (if applicable) to transfer information seamlessly. Our team will ensure all ATO registrations, accounting files, and records are in order. You’ll meet the key team members who will be looking after you, so you know exactly who to contact for what.
Ongoing Support & Meetings ▼
Throughout the year, count on us as an extension of your team. We’ll schedule regular check-ins – for some clients that’s quarterly strategy meetings (included in many packages), for others it might be a quick monthly call. Need advice out of the blue? Just ring or email us – we encourage questions and are happy to be your sounding board on financial decisions. And when those inevitable urgent issues pop up (say, a looming BAS deadline or a finance application needing statements), we prioritize getting you sorted fast.
Comprehensive Year-End Process ▼
Come end of financial year, we really roll up our sleeves. We’ll do a thorough tax planning session before June 30 to implement any last-minute strategies. After year-end, we prepare your financial statements and tax returns promptly. Then we sit down with you for an annual review meeting – to not only go over the past year’s results, but also plan for the year ahead. We’ll discuss tax-saving outcomes, business performance, and set goals for the new year. This annual cycle ensures continuous improvement and no surprises at tax time.
Access to Resources & Referrals ▼
As a Link Accounting client, you also gain access to our network and resources. We have affiliates in financial planning, insurance, and lending (finance brokers) – so if you need help beyond accounting, we can refer trusted professionals. Check out our blog for free tips and our client resources library for handy guides on topics like record-keeping or cash flow. We want to empower you with knowledge, not keep you in the dark.
Succession Planning & Exit Strategies ▼
Planning to eventually sell or hand over your business? It’s never too early to start succession planning. Link Accounting guides you through preparing your business for sale or transition – from valuing your business and tidying financial records to advising on tax-effective exit strategies (like small business CGT concessions). Our goal is to help you maximize the value you’ve built when the time comes to exit or retire.
Coaching & Mentoring ▼
We’re not just accountants; we’re partners in your success. Many of our small business clients benefit from regular coaching-style meetings. In these sessions, we review your financial performance, discuss challenges, and keep you accountable to your business goals. It’s like having a knowledgeable business mentor who can interpret the numbers and guide you on strategy. Our clients love that we explain financial concepts in plain language and help them become more confident business owners.
Your Local Perth Accounting Team
Here When You Need Us
Not sure which package fits you? Don’t worry – during our free initial consultation, we’ll learn about your business and recommend the ideal package. And as your business evolves, we can smoothly transition you to the next level of service.
Phone:
Hours:
Monday to Thursday 9:00 AM – 5:00 PM
Friday 9:00 AM – 3:30 PM
Closed on weekends & public holidays
Parking:
Free parking is available in our building
When you visit our office, you’ll be greeted with a smile (and probably an offer of coffee or tea!). We strive to create a welcoming, family-friendly atmosphere.
In fact, many clients tell us they actually enjoy coming to see their accountant now – a sentiment we consider the highest compliment!
