Market leaders in tax advisory
Welcome to Sovereign Private
Sovereign Private is an award winning chartered accounting firm that specialises in the provision of taxation, accounting and financial reporting services to ultra high net worth families, private businesses and the recruitment industry.
The firm was formed in 2014 and now has a team of approximately 20 people.
Sovereign Private provides the following services:
Tax advisory
Tax compliance
Virtual CFO services
Accounting, reporting and bookkeeping
Family office services
Divestment solutions
At Sovereign Private, we pride ourselves on delivering value added, innovative and technically excellent tax and accounting advice to our clients. If you are interested in joining us in that challenge, we would be interested in hearing from you.
There are two things that make a great practice: People and Clients. At Sovereign Private both are as important as each other.
Whether you are an undergraduate or a director, all our people are mentored by senior partners. Providing all staff with mentoring session every 4 to 6 weeks, our mentoring program is world class. A vital tool used at the mentoring sessions is a career plan.
Staff prepare their career plan every year in July and set out their aspirations for the year ahead. This could include a promotion, additional study or changing the type of work they are doing. The plan also includes a clear concise set of KPIs required to achieve their aspirations. The KPI’s are always clearly measureable and it is easy for the staff member and the partner to evaluate whether the employee is on track to achieve their goals. If there are deficiencies, the partner helps the staff member get back on track. All plans are customised to individuals and prepared by the staff member and partner working together. All staff know exactly how they are tracking and where they are going.
Although there is a strong work ethic in order for staff to fast track their careers, we still have fun. Whether it is pizza making, cocktail classes or barefoot bowling, we have numerous functions throughout the year where staff celebrate their successes.
The predominant technical specialisation of Sovereign Private is tax advisory.
Sovereign Private offers the technical expertise and knowledge of working with one of the big 4 firms but with the agility of a boutique practice. The professionals in our tax team have broad experience with many complex tax issues arising for private companies and high net worth families.
We have considerable experience with the following matters:
• Capital gains tax
• Business restructures
• Small business tax concessions
• Trust law
• International tax planning
• Tax transaction advisory support
• Private binding rulings
• Tax controversy
In addition to our advisory services, our team are equipped to complete our client’s tax compliance requirements as efficiently as possible.
Clients not only want the best technical specialists, they want advisers who understand their industry and know the issues likely to affect their business. Sovereign Private provides a variety of services to over 30 companies in the recruitment industry. The partners of Sovereign Private have over 20 years’ combined experience providing advice to recruitment companies.
In addition to our core tax advisory services, we know and understand the issues impacting the recruitment industry. As a firm, our team are across the latest issues impacting the recruitment industry and we provide tailored solutions to both private and public recruitment businesses.
Some of our recruitment industry specific services include:
• Virtual CFO services – Sovereign Accounting Services
• Financial reporting and industry benchmarking
• Accounting system transition
• Payroll/billing system integration
• Employee share plans
• 457 visa training verification audit assistance
• Cash flow advisory
• Debtor finance management
• Preparation for an exit
Our SAS group can provide your recruitment business with a team of industry specialists as an alternative to an in-house finance manager.
We offer a tailored solution for your internal finance function and provide services ranging from your everyday finance function through to your strategic outsourced CFO.
Our team have industry knowledge, offer a convenient solution and are trained in recruitment specific systems across your payroll, accounting and CRM functions.
Please contact us if you would like further information on this service.
Sovereign Private is proud to have sponsored the Recruitment International Awards in 2015 and 2016. The awards are the new pinnacle in the Australian recruitment industry calendar. The Sovereign Private Financial Excellence Award recognises is judged on a business’s previous three financial years’ results whilst taking into consideration the size of the business allowing small and large agencies to compete equally. Consideration is made for businesses that can demonstrate sustainable growth and dominance in specific verticals. The recipients of the awards are: 2015 – M&T Resources 2016 – people2people
Whether your wealth has been created through a business, a business divestment or a family legacy, we can advise you on the implementation of appropriate tax planning strategy for the present and future generations. Sovereign Private tax specialists are experts in assisting in planning legitimate structures to ensure the overall business and personal objectives of the family are aligned to the tax strategy.
We currently service a number of families with net worth ranging from $100M to $2B.
Our services to our ultra high net worth clients include:
Tax advisory
Family governance
Tax compliance
Family office services
Transaction support
Accounting
Sovereign Private provides specialist advisory services to clients across the property and construction industry. Senior staff have significant experience in advising the largest privately-owned property groups across the country.
Our experts team can assist in all tax and accounting matters associated with acquiring and developing sites, their ongoing operations and future disposals as well as other ad hoc matters that may arise. Our tailored solutions provide the most effective tax and commercial outcomes to clients using industry leading ideas.
Some of our property industry specific services include:
• Advice on structuring for property acquisitions, developments and divestments
• Drafting and reviewing Development Agreements and Security Agreements
• GST and duty advice
• Virtual CFO services – Sovereign Accounting Services
• Negotiating with banks regarding financing
• Financial modelling for internal and banking covenant purposes
Having spent nine years with Deloitte, in 2014 Paul Masters left Deloitte Australia at the peak of his career. Up until June 2014, Paul was the Tax Leader for Deloitte Private and the National Leader of Clients & Markets. He was also the National Leader of the Recruitment Industry Group. Paul retired from the partnership as one of the most senior Deloitte Private partners in Sydney in order to establish Sovereign Private.
Paul has built a first class reputation among high net worth individuals, corporate Australia and the recruitment industry. As a highly respected tax specialist, Paul has contributed significantly to the recruitment market in particular, as adviser in some of the largest deals across Asia Pacific. His tax structuring work for companies, such as Chandler Macleod; Peoplebank; Ambition; Rubicor; Talent International; and talent2 as well as numerous private businesses, has made him the go to person in Australia for tax planning in the recruitment industry.
Paul’s vision is to provide best tax and accounting advice to clients through personal interactions, meaningful consultancy and holistic advice.
p. +61 2 9227 9001
e. pmasters@sovereignprivate.com.au
Sheridan’s career spans in excess of twelve years, during which she has built an exceptional depth of knowledge in field of tax and accounting for Australian businesses. Sheridan has spent much of professional life providing services to High Net Worth clients. Sheridan was previously a Tax Director at Deloitte Private.
While Sheridan continues to provide advice to High Net Worth clients she is also focused on the private recruitment sector sharing Paul’s vision to give clients a deeper level of service, in a more intimate
business environment.
She holds a Masters of Law (Taxation) and a Bachelor of Commerce (majoring in Accounting) and a Bachelor of Law.
p. + 61 2 9227 9002
e. sgreen@sovereignprivate.com.au
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Call +61 2 9227 9000 | Email info@sovereignprivate.com.au | Mail GPO Box 3929, Sydney NSW 2001