TAF Solutions Pty. Ltd. is an accounting firm providing tax and accounting services to small businesses, contractors, freelancers, real estate investors and salary earners.

Since commencing work in tax and business advisory services in 1995, I have been helping friends with their tax matters in my spare time. TAF Solutions Pty. Ltd. was set up so that I could formally work with friends while raising a young family. As my work is not just business, there is personal as well as professional obligation to achieve the best outcomes for clients. This is done by guiding clients through the entire process from business set up / property purchase to ongoing operations. By keeping in regular contact, advice can be adapted so clients can make the most out of changing tax laws and changes in clients business or family circumstances.

Profile

I have worked in over eight public accounting firms in Melbourne since 1995 (Chartered and CPA firms, CBD and suburban based). I changed jobs so often because I wanted to be exposed to as many client situations as practicable and I disliked commuting. Working in so many different firms has enabled me to observe many more businesses and investor situations than I would have otherwise. Similar to other public accountants, tax minimising is a major part of my work. But I am also particularly interested in the small business development process and work with many clients transitioning from being employee to contractor, freelancer and self-employment.

I am also involved in writing tax exams for CPA Australia.

Qualifications/Certifications

  • - Bachelor of Commerce (Melbourne Uni)
  • - Certified Practising Accountant
  • - Registered Tax Agent
  • - Diploma of Financial Services (Financial Planning)
  • - Certificate IV in Finance and Mortgage Broking




Services

  • - Income tax advice
  • - Capital gains tax advice
  • - Salary packaging and fringe benefits tax
  • - Business structuring (companies, trusts, partnership or sole trader - which is best for your circumstances)
  • - Financial statements preparation
  • - Tax return preparation
  • - Business activity statements (BAS)
  • - Self-Managed Super Fund (SMSF)

Testimonials

Electrotherm Pty. Ltd.

We have operated a small manufacturing company in Melbourne for the last 30 years. Lynne has been our business and personal accountant for fourteen of those years and we have found her to be most personable, trustworthy and ethical in all her dealings with us. Lynne has managed our end of year Tax Returns, Company Filings, Self Managed Super Fund, etc. and has been with us every step of the way as we have continued to grow our business. We highly recommend Lynne if you are looking for an accountant very willing to use her skills and experience to assist you with all your accounting needs.

Michael & Rhonda Bell
Electrotherm Pty Ltd (1992 to 2022)



Dr. Jean-Michel Redout

I have been using TAF Solutions' services since 2012, shortly after arriving in Australia. Since then, Lynne has been phenomenal in assisting me with my finances and tax-related matters, as well as explaining and clarifying how the Australian tax system works, what is required of me, and how I my finances can be organised effectively.

Lynne is a patient and attentive listener, and asks detailed questions to unravel each strand of the story, zooming in on each detail so as to have a comprehensive understanding of one's financial situation, no matter how intricate. Her approach is structured and organised; her advice is to the point, and most of all, very clear on what you should do, when you should do it and in what order.

During our initial conversation, Lynne took the time to understand my financial situation and advised me on concrete steps I should take right away in order to secure my savings and assets effectively. What impressed me the most was that the observations she made were not woolly as happens often with financial matters, but quite on the contrary, razor sharp, to the point and most of all, directly applicable. She took control of my tax returns, and gave me a list of things I needed to do straight away to organise my finances in a more effective way. This was exactly what I needed, and I am very grateful for her help.

Her advice has been invaluable since this first meeting: Lynne empowered my wife to start her own business in confidence, navigating and helping her through the required financial formalities and taxation.

Lynne has advised my family and me through our first and subsequent Australian tax returns, as well as the purchase of a house and the setting up of a business. She is not only our first, but one and only port of call when we are considering future investments, have questions about tax specificities, need to file returns, and when we have questions about financial matters.


Dr. Jean-Michel Redout
Senior Lecturer Dept. Electrical and Computer Systems Engineering Monash University
ecse.monash.edu.au/staff/jmr/



Charles Hughes

I have known Lynne Russon for many years and I have found her to be conscientious, competent, focused and knowledgeable. Based on my experience with her as my tax accountant, I believe her to be highly committed to achieving the best outcome for her clients. I therefore have no hesitation in recommending her financial services.

Charles Hughes
Self-funded retiree
Mount Waverley



Cranbourne Park Medical & Acupuncture Clinic

Up until our retirement in May 2009, we operated a medical practice in Cranbourne for over 22 years. Being a solo practice, we were constantly busy with not just a large patient base but also with compliance related paperwork. In caring for our patients, we upheld best care at all times and carried out our work with ethics and integrity. This resulted in the practice having many loyal patients over the years. Naturally, we were keen to search for service providers with similar qualities.

We first came across Lynne Russon in 1999. Right from the first meeting, we felt totally at ease in discussing our financial and tax affairs with her.

Lynne:

  • - Always acts in our best interest. If a similar outcome can be achieved in less time or at a lower cost (for example if we easily can do something ourselves), she would always suggest that first. She makes the effort to understand what we are trying to achieve even when we can't clearly phrase the questions we need to ask.


  • - Explains complex tax issues in a way that we can follow and always encourages us to question things until we have understood and are comfortable with things. We are never made to feel silly about asking anything.


  • - Is forward looking and brings to our attention opportunities available to our family before it ever became popular. In as early as 2007, she alerted us to estate planning opportunities within super funds (even though as an Accountant, this is not her role). It's only now, two years after we have changed financial planners, that this issue is brought to our attention by our new financial planner. Years before we had retired and before we even considered its ramifications, she thought of ways that we could re structure our affairs in a tax effective manner when heading into retirement. An example of this is her encouragement for us to salary sacrifice into superannuation way before successive governments introduced changes curbing its use.


  • - Understands that we are busy and takes a practical approach in helping us with our records. The number of times we have stressed over BAS' and the books - Lynne has always been able to provide an efficient solution.


  • - Through her actions, we feel valued by her and that were not just another client. Lynne's former boss spoke highly of her technical skills. Being from medical and nursing backgrounds, we understand that the law and professional bodies can only prescribe a minimum standard of practice. Finding someone in any profession who carries out their work both at the highest standard and with genuine concern for their clients (even ahead of their own financial interests) is rare indeed.


  • - In financial, as in medical matters, trust is crucial. We trust Lynne fully to not only help us achieve the best outcome using up to date lawful strategies but to always put our interests first when she is acting for us.


Through her actions, we feel valued by her and that were not just another client. Lynne's former boss spoke highly of her technical skills. Being from medical and nursing backgrounds, we understand that the law and professional bodies can only prescribe a minimum standard of practice. Finding someone in any profession who carries out their work both at the highest standard and with genuine concern for their clients (even ahead of their own financial interests) is rare indeed.

In financial, as in medical matters, trust is crucial. We trust Lynne fully to not only help us achieve the best outcome using up to date lawful strategies but to always put our interests first when she is acting for us.

Dr. Andrew Ling (M.B.B.S., A.C.C.A.M., Cert. Acup., G.C.G.P.P. Paul Harris Fellow)
District 9820 Interplast Chairman and BowelScan Medical Co-ordinator
Marleen Ling CDE RN, Secretary Westernport financial committee 2008-2009



TPS Audio Visual

I have had the pleasure of knowing Lynne for almost 7 years, from the time I was an owner in an audio visual business which I had co founded. She directed us appropriately in tax minimisation and maximising profitability through her ability to read business trends.

The business was growing exponentially. As such, all of my time and energy was spent on catering for all the work generating from the growth. I trusted that my business partners were also busily doing their part for our business. I did not take time out to reassess the situation nor seek independent advice. As it turned out, this trust was misplaced.

After the unfortunate ending to this saga, I then sort Lynne out for further assistance "in putting my financial situation back together again". I can only adulate that after 3-4 years of Lynne's advice and guidance that I have been able to see the light at the end of the tunnel.

It is Lynne's understanding of her clients, I believe, that makes her professionalism extra special - the fact that she cares.

Kym Spackman
Marketing Manager
Town and Country Hearing

Co founder and past owner
TPS Audio Visual



Miami Shore Apartments And Motel

I have had the pleasure of knowing Lynne through a trusted friend and I am truly grateful that I have met her. Lynne is very professional and has a broad range of business knowledge.

Being someone who enjoys going that extra mile to offer customer service, running my own business was always the goal. But I had to choose one out of several business proposals. Lynne objectively guided me through the process - interpreting the numbers on the financial statements and pointing out issues to think about. Lynne helped me to see the underlying values as well as risks of the proposed businesses.

After considering a few businesses, we went on manage a motel on the Gold Coast. Even though we've now over a thousand miles away from Melbourne, Lynne still keeps us up-to-date with all the latest industry and financial/tax news that applies to us. She has helped us in simplifying our record keeping process, understanding our busy schedule.

Accountants like Lynne are very hard to find and I am glad that we have finally found ours.

Nilesh & Sangita Gandhre
Miami Shore Apartments and Motel
Miami Gold Coast
miamishore.com.au



The Travel Store

Lynne understands the "business angle of accounting" and pushes you to think outside your comfort zones, and is an excellent asset to our business.

Top Qualities: Personable, Good Value, High Integrity

Janene Rubens
Director
The Travel Store
thetravelstore.com.au



Soapbox

"In their capacity to feel fear, pain, hunger, and thirst, a pig is a dog is a bear is a boy" - People for the Ethical Treatment of Animals

RSPCA
As someone who once had three dogs, I found the RSPCA vet clinics to be at least as professional and well equipped as private vets, and fees reasonable.

rspcavic.org/services/vet-clinics

All profits go towards animal welfare.

Soft Plastics Recycling

Soft plastics can be dropped-off at the Monash Civic Centre on 293 Springvale Road, Glen Waverley. This is for Monash residents only and is open Monday-Friday, 8.30am-5pm. These plastics will be taken to the Monash Recycling and Waste Centre, where it will be collected by APR Plastics who will then recycle them.

monash.vic.gov.au/About-Us/News/Monash-establishes-soft-plastics-drop-off-point-for-residents

Contact

Email is the preferred initial contact. For enquiries, please email

info@tafsolutions.com.au

Street Address: Mount Waverley VIC 3149