Another year has passed, and 2025 has been a year of meaningful achievements for the PWS Advisory Group some small, some significant, but all contributing to the quality of service we strive to provide to you.
I would like to personally thank you for your ongoing support and your valued relationship with the PWS Advisory team. We wish you a fulfilling and prosperous year ahead.
At PWS Advisory Group, we remain committed to our vision of improving your wellbeing. Our focus continues to be on understanding each client’s personal financial position so we can deliver peace of mind and contribute to your long‑term financial prosperity.
We are pleased to welcome Amanda back from maternity leave. Both the PWS team and Amanda’s clients are delighted to have her return.
We also welcomed Ariel Kang as a valued member of the PWS team. Ariel has been with us for over six months and is developing her technical expertise and client knowledge. She has quickly become an important part of our advisory team.
Over the past year, we have introduced several initiatives, including:
- the expansion of our personal risk insurance services
- the introduction of tax audit insurance
- the application of innovative cash flow and forecasting tools
Clients continue to express concern about transferring wealth to their beneficiaries while ensuring they retain sufficient funds for their own retirement. Many are also focused on supporting adult children in an increasingly challenging financial environment.
To support these needs, we have expanded our personal risk insurance offering with the addition of Allen Hart to the PWS Wealth Advisory team. Allen is a specialist Personal Risk Insurance Advisor with over 30 years of industry experience across all aspects of personal risk insurance.
Allen’s role further strengthens our commitment to supporting all aspects of clients’ financial needs. Personal risk insurance advice aligns closely with our vision of delivering peace of mind by ensuring:
- sufficient funds are available for family members in the event of a claim
- appropriate beneficiaries are nominated
- insurance proceeds are distributed to the right people in a tax‑effective manner
These measures support clients’ broader family succession objectives.
From a business perspective, many business owners are grappling with cashflow management and understanding both the source and application of cash within their business. With persistently higher interest rates, inflationary pressures and a subdued economic outlook, effective cashflow management has become increasingly important.
It is common for business owners to misunderstand the difference between profit and cashflow. A profitable business does not necessarily have positive cashflow or long‑term solvency. Understanding this distinction is vital for building a sustainable business.
We have worked closely with a range of clients to help them better understand their business’s financial performance, including the relationship between cashflow and sustained profitability.
We have assisted clients in developing business plans, budgets and forecasts, and in monitoring both profitability and cashflow through improved management reporting and ongoing consultation.
We have all experienced increases in both federal and state taxes due to the fiscal position of our governments. In addition, the ATO has become more active in tax collection and in ensuring taxpayers meet their obligations. This has resulted in a rise in ATO audits and reviews.
In response to this environment, we are pleased to offer clients tax audit insurance at highly competitive and cost‑effective rates. You will receive, or may have already received, a letter outlining the details of the cover and associated costs. We believe this is an essential service offering for our clients to assist with funding in the event of an ATO review, which is becoming increasingly likely.
The taxation landscape is continually evolving, with new taxes and the removal of concessions. The introduction of the $3 million superannuation tax (Division 296 Tax) is just one example. The PWS Advisory team continues to work proactively to navigate the impact of these changes by developing tailored solutions for each client.
As we progress through the year, the PWS Advisory team will continue to keep you informed of matters that are relevant to you and provide any assistance required.
Please contact us at any time. We are here to support you and your family and to ensure you have a successful year ahead.
Yours faithfully,
Steven Skoglund CA CTA
Managing Director
PWS Advisory Group
