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At Preston Coe & Ring it isn't just about the numbers, it is about you and what you want to achieve in life. We have a saying "Living for today, saving for tomorrow and protecting in between"; that really symbolises what we are about. We help our clients Live Life and guide them through the journey with our skills and expertise as trusted business advisors, accountants and financial planners.
If you are new and considering using Our Services please look at the Our Clients section. Here you will find some useful information and get an understanding of our culture. Like anything we enjoy working with like-minded people with whom we can really help. You will find some great client testimonials by clicking here.
If you have visited before welcome back and I hope you enjoy the visit.
How We Help
The start of the journey
Business & Accounting Tax
- Tax Planning
- Tax Returns
- Financial Statements
- Asset Protection Review
- Risk Management
Individual Client information
- Assets & Liabilities
- Income and Expenses
- Initial Goals
- Estate Planning
Plan For Living Life
What you are aiming for
When You're Gone Plan
Strategy Advice (Financial Advice)
- Shares/Managed Funds/Gearing
- Debt Reduction
- Home Loans
Staying On Track
Measure, review, adjust
Business Management Reports
Board Strategy Meetings
Business Annual General Meeting
Asset Protection Review
Review investment Strategy
Like you dreamed it!
Future Generation Planning
At the age of 35, I am currently in the worst financial position of my adult life. To get Myself into a better position, I knew things had to change.
After being referred to Peter Marmara-Stewart, I called him and asked for his help. He made the trip from Morwell to Frankston to see me. From the moment I met him, I knew he was going to be the one to not only help me escape my current financial position, but also be the one to help me towards my goal of financial freedom.
Peter is the depiction of genuine. It is evident he genuinely cares and wants to help people. Everything he does demonstrates that. I run a small business and compared with other businesses, Peter and his team help; I am small fish, yet Peter has a way of making me feel like I am his only client.
To Peter and the team at Preston Coe & Ring, thank you for helping me believe I can, not only get out of my current financial circumstance, but for also giving me the belief that I can achieve financial freedom.
I’d recommend Peter to anyone, no matter where you are in the world; he will make you feel like you are there with him in the same town.
"Preston Coe & Ring's help with my tax and finances has made it less stressful and given me more free time for the things I enjoy."
Preston Coe & Ring helps provide me predictability and new ideas to help with my finances, thus giving me security to have a better life.
“They make things simple & easy to understand; which makes life easy.”
“Going on the FASTTrack Business Success Program has had a substantial impact to my business. It got me to where I wanted to go a lot faster than I expected. Whilst I might have been able to learn and do some of these things myself, they would have taken a lot longer, a lot more effort and money to get it to where it is now. Having the weekly accountability created a fire under my seat to make sure I got done what needed to be done before our next weekly session.”
Preston Coe & Ring make it easy to do tax and compliance as well as give good advice on major purchases like a car or business.
Preston Coe & Ring make tax easier by making sure it is right and help reduce our tax where possible. This gives me more time do things I would rather be doing
Preston Coe & Ring have helped put us on the right road to tomorrow in doing this we have been able to achieve some personal goals much sooner than we thought possible.
- Brothers & Sisters
Children & Grandchildren
You can distribute only $416 to children who are minors. That might not seem like a lot, but if you have 3 children and you are in the 49% tax rate, that works to being $611.52 in tax savings.
If you have children who are over 18 and are studying at uni or are not really earning an income, you can distribute up to $20,542 and they will not pay any tax. At the 49% tax rate, that is $10,066 in tax savings. If we increase that to $37,000, they will have to pay $3,456 in tax and your net tax savings will be $14,674.
Brothers & Sisters
If you have brothers and sisters who are studying at uni or are not really earning an income, you can also distribute to them in a similar fashion as above. Just make sure no one else is doing the same thing!!
Parents, Parents-in-law & Grandparents
If you have parents, parents-in-law and/or grandparents who are self-funded, you might be able to distribute to them in a tax effective manner.
How do you take advantage of this?
You need to have a Discretionary Trust with income, and you need to be a small business.
Do I need to pay the distribution?
Yes, you will need to pay the distribution.
What if they receive Centrelink?
If who you are looking to distribute to, receives Centrelink, then this strategy is unlikely to work for you.