Running a business can feel exciting and involves many moving parts. With so much to manage, your personal money plans can fall behind. Many owners reach a point where they wonder who they should see first. Should you work with a financial planner or an accountant?
This blog explains the role of each expert and how financial advice for business owners can support both personal and business goals. You will learn what each expert does, where they overlap, and how LBW brings it all together with a connected plan.
What is the role of financial advice for business owners?
LBW sees how financial advice for business owners helps create calm in a busy life. Both accountants and planners’ matter. They guide you in different ways but aligned ways.
Accountants focus on records, taxes, and structures. Planners focus on goals, wealth, and long-term plans. Together, they give you a clearer path for both your business and your household.
What accountants handle day-to-day?
Accountants in Geelong help with tax, records, and structures. Some of the jobs they do include:
- Keeping your numbers clean and protecting your business.
- Review costs, keep you compliant, and explain risks.
- Help you make wise choices that match your business needs.
LBW’s accountants give you clear insight into how your business is tracking. They help you prepare plans with confidence and make decisions based on numbers, not guesswork.
What do financial planners help you build over time?
A Geelong financial planner at LBW helps you plan for the future. For example, they can:
- Guide your savings, superannuation, and long-term goals.
- Help you understand your income as an owner.
- Support you in building wealth outside of your business.
- Review retirement plans and help prepare for the later years.
At this point, financial advice for business owners becomes powerful. It links your business income with your personal goals. The effort you put into your work supports the life you want.
How do both experts support different parts of your life?
As your business grows, your needs will shift. Because of this, each of these experts, planners, and accountants can help you at different points in your financial journey.
When an accountant is essential
LBW’s accountants in Geelong help with tax time, business plans, and accurate records. In fact, they support structural changes and provide precise numbers for decision-making. Additionally, they guide you through rules and help you stay on track.
When a financial planner adds clarity
A Geelong financial planner helps you decide how to pay for yourself. They allow you to plan for school fees, holidays, or time off work. Additionally, they review your super and help you protect your income.
Our financial planners also explain how financial advice for business owners can support personal goals as your life changes and your business matures.
Why business owners get the best results when both work together
The best outcomes come when both voices guide you at the same time. When you align your planning, it helps avoid gaps and mixed messages.
You get clear advice when tax and long-term planning work together. You avoid surprise costs and stay in control of your goals. At this point, financial advice for business owners offers real value and peace of mind.
How LBW connects the whole picture
LBW links your accountant and your Geelong financial planner, so they work as a team, not in separate silos. As a result, you gain support across all parts of your life.
Accountants in Geelong keep your business strong and compliant. Your planner helps you grow personal wealth and plan for the future. Together, they help you feel clear on how each decisions ties back into your goals.
LBW brings your financial support team together
Your needs as a business owner are unique, and support should feel personal. Financial advice for business owners helps you protect your business and build long-term security.
If you want support that grows with your business and your goals, our accountants and financial planners at LBW can help create a plan that feels right for you. To discuss your options, reach out to our team today on (03) 5221 6111 or visit our contact page.
This blog provides general educational information only. The content does not take into account your personal objectives, financial situation or needs. You should consider taking financial advice tailored to your personal circumstances.
LBW Business + Wealth Advisors is an Authorised Representative of LBW Wealth Pty Ltd ABN 56 652 382 128 AFSL 534569. Please see our website www.lbwca.com.au or call 03 5221 6111 for more information on our available services.
