Anne Street Partners has expanded its taxation division with seasoned tax professional Peter Kennewell heading the new team. The tax division has been boosted to cater for the broad needs of the group’s 4500 clients nationally. The team works closely with Anne Street Partners’ in-house superannuation division, Anne Street Partners Super Solutions, which has also been expanded to bring all of the group’s key services under the one banner.
Mr Kennewell says the integration of the group’s key tax and superannuation services, which will see the tax operations centralised in Brisbane, was aimed at delivering efficiencies and minimising costs for clients. “There are economies of scale by being able to do this all in-house and we’ve been extremely focused on improving the client experience,” Mr Kennewell says. “The fee structure we have come up with has given our clients significant benefit to stay with us.”
Mr Kennewell says the biggest challenges facing tax professionals is keeping up with ongoing changes to taxation legislation. The changes are evident in the expanding volumes of tax law in his office which Mr Kennewell says comprise “fatter volumes and thinner paper” than they did a decade ago. “It’s hard for the average person to keep abreast of changes to both tax and super laws,” Mr Kennewell says.
The Brisbane-based Mr Kennewell understands that tax is the sort of topic most working Australians, and even business owners, prefer to avoid. “They might be good sales people or good professionals in the respective industry, out there generating income the way they know how. They don’t want to sit at home at night and spend hours getting on top of their tax. “We’re trying to educate our clients as to the easiest way to minimise their effort and maximise their results when it comes to tax. “We now have a tremendous team behind us for doing just that.”
Anne Street Partners, with offices in all mainland state capitals, is a non-aligned financial services group that offers clients services in financial planning, tax solutions, wealth creation, superannuation establishment set up, administration and strategies, mortgage brokering, insurance and estate planning.