Joncheff Creative - Web & design

Mark had been working as a web designer/developer for the last 15 years and in 2021, made the choice to work for himself as a freelancer. Since making the switch, Mark has been able to create and develop an agency, and it also allowed him to spend more time with his kids whilst he works from his home office.

the background

Our partnership

Prior to making the decision to leave his full-time job, Mark needed to get his finances and tax plan organised to set him up for success. Mark's previous accountant hadn’t been upfront with him—he never received communication or an explanation as to why he had been set up with a particular business strategy, nor was he given the tools or support so he could get the most out of it. In his previous tax return, Mark received his biggest tax bill in his career, which was unexpected being that he was predicting a somewhat generous return. It was at this point that Mark decided to make a change and seek out a new financial and business advisor—someone that was honest and transparent, someone with whom he felt comfortable asking questions and discussing his business goals, and someone who could advise him on the best possible financial plan and strategy for both himself and his business.

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the Process

Providing value

Mark explained that he was looking at going out on his own as a freelancer but that he was concerned he would end up working just to pay more tax—due to his most recent tax bill.

He had an Airbnb that he rented out during the year and a home office, however, the set-up he was currently on was not being utilised to its full potential. Riley from Truesight Advisors came on board, reviewing Mark’s previous accountant’s notes and work on Mark's tax return.

Upon observation and further investigation, Riley found errors in the tax return and requested some adjustments be made with the ATO on Mark’s behalf to have the correct amount lodged.

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Testimonial

I needed someone to guide me on the correct way of setting up a business plan and how to manage my personal finances more efficiently. Truesight Advisors got me set up on a perfect strategy, allowing me to start my own business and get the most from our rental property and home office. Riley even got me $3k back on my previous tax return, just from looking into it further for me—I was stoked!

Mark Joncheff - Freelancer

50 %

Reimbursment

We went over Mark's previous accountant's work and found in the notes they hadn't distributed his earnings correctly. We made a request with the ATO and they then approved the amendments, resulting in the 50% return.

New staff

The correct financial and business structure has allowed for better understanding and vision for growth.

the results

Our success

Due to the work of Truesight Advisors, Mark received a 50% return on his previous tax bill and they were also able to correct the tax structure he’d been on. Mark is now on top of his finances, with a solid arrangement that’s helped him have a fantastic first year of business, and he’s now hiring staff for a new digital agency.

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