Understanding CFO Service, Division 293: Strategic Financial Support b

In today’s complex financial landscape, businesses need more than just routine bookkeeping and tax filing. Strategic financial management, proactive planning, and compliance with specific tax provisions like Division 293 are critical. That’s where CFO Service, Division 293 solutions offered by i-accountant step in, bridging the gap between daily operations and long-term financial goals.

If you’re a high-income earner or a business owner navigating through superannuation tax obligations, you need an experienced CFO partner who understands the impact of Division 293 tax and helps you make smart, compliant decisions. In this article, we’ll explore how i-accountant’s CFO Service offers tailored insights, tax optimization strategies, and peace of mind for Division 293 compliance.

What Is Division 293 Tax?

Division 293 is a tax introduced by the Australian government to improve the fairness of the superannuation system. It applies an additional 15% tax on superannuation contributions for individuals whose income (including concessional super contributions) exceeds a certain threshold—currently set at $250,000.

This tax essentially doubles the rate of tax paid on concessional contributions (from 15% to 30%) for high-income earners. While intended to level the playing field, Division 293 can catch individuals off guard and impact their retirement planning strategy if not properly managed.

Why Businesses and High-Income Earners Need CFO Services for Division 293

As a business grows or an individual’s income increases, so do the complexities of tax compliance. Without proper planning, the Division 293 tax can reduce the effectiveness of your super contributions and alter your financial trajectory. That’s why leveraging CFO Service, Division 293 solutions from i-accountant becomes a strategic advantage.

Here’s how our CFO service can help:

1. Income and Contribution Tracking

Many clients find it challenging to keep tabs on their total income for Division 293 calculations. Our CFOs implement precise tracking systems that consider not just salary, but fringe benefits, investment income, and concessional contributions. This ensures you’re never caught unaware by a surprise tax bill.

2. Forecasting Division 293 Liabilities

With proactive forecasting tools, i-accountant’s CFO team projects your expected Division 293 tax obligations well before the ATO does. This gives you the chance to adjust your income distribution, salary packaging, or super contribution strategies to reduce your tax exposure.

3. Tax-Efficient Super Strategies

Our CFOs review your entire remuneration structure to ensure that your superannuation strategies are aligned with both your retirement goals and your Division 293 obligations. This includes making timely decisions about salary sacrifice, employer contributions, and possible contribution caps.

What Makes i-accountant’s CFO Service Unique?

Choosing i-accountant for your CFO Service, Division 293 needs means gaining access to a team that understands the nuances of Division 293 and its intersection with broader financial planning.

Tailored Solutions

Every client’s income structure and superannuation profile is different. We never use one-size-fits-all templates. Our CFOs build tailored financial roadmaps that reflect your personal or business situation.

ATO Communication and Lodgment Support

If you’ve received a Division 293 tax assessment from the ATO, it can be confusing and stressful. Our CFO service includes liaising directly with the ATO on your behalf, interpreting your assessment, and managing timely lodgments or objections when necessary.

Integrated Financial Planning

Our CFO service doesn’t operate in isolation. We integrate tax planning, cash flow management, investment advice, and retirement strategies to deliver a holistic financial outlook—helping you make confident decisions year after year.

Who Should Use Our CFO Service for Division 293?

• Medical professionals, lawyers, consultants, and executives earning more than $250,000 annually.

• Business owners and directors drawing a mix of salary and dividends.

• Investors with passive income streams pushing them into higher income brackets.

• Startups and SMEs whose founders are scaling their businesses and moving into high-income territory.

If you fall into one of these categories, now is the time to consider CFO Service, Division 293 from i-accountant to avoid unnecessary tax liabilities and align your financial goals.

Case Study: How i-accountant Helped a Medical Specialist Save on Division 293 Tax

Dr. Mitchell, a high-earning medical professional in Sydney, was shocked when he received a $12,000 Division 293 tax bill. He had been making regular concessional super contributions but wasn’t aware that his fringe benefits and investment income pushed him past the threshold.

Once he partnered with i-accountant, our CFO team conducted a full income audit and recommended restructuring his remuneration. We implemented a revised contribution plan and engaged with the ATO to review his assessment. The outcome? A reduced tax liability and a clearer path to retirement.

Final Thoughts

Division 293 tax doesn’t have to be a financial setback. With expert guidance from i-accountant’s CFO Service, Division 293 professionals, you can turn potential tax liabilities into opportunities for smarter planning.

Whether you’re a high-income earner navigating super contributions or a growing business looking to stay ahead of tax surprises, our CFO services offer strategic, personalized, and proactive support.

Let i-accountant be your partner in financial growth and compliance. Schedule a consultation today and take control of your Division 293 obligations before the ATO does.