Most of the business owners and tradies who come to us have had the same experience: an accountant who lodges the tax return and not much else. No conversation about structure, deductions, or whether the business is actually performing the way it should be.
I started 123 Financial Group because I got tired of watching capable people make expensive decisions without the right financial information. Thirty years in accounting, financial planning, and mortgage broking, and the pattern is always the same. The advice exists. It just wasn’t reaching the people who needed it most.
When you come to 123 Financial Group, you start with me. From there, you are looked after by our senior accounting team — qualified, experienced, and genuinely available when you need them. We work with electricians, plumbers, builders, hairdressers, consultants, and sole traders across Newcastle and all of Australia.
There’s a difference between a tax return that gets lodged and a tax return that’s been properly looked at. The first one costs the same every year. The second one finds what you’re leaving on the table.
We handle business and personal tax returns, BAS, GST, tax planning, and financial statements. For tradies and small business owners, that means understanding how your income works job by job, and making sure your structure, your deductions, and your lodgements actually reflect that.
We are also Xero Gold Partners. If your bookkeeping is on Xero, or you want it to be, we can make that work properly.
Good bookkeeping is not just keeping the records up to date. It’s knowing what to set aside for tax before the ATO asks for it. It’s having your BAS done before it becomes urgent. It’s cash flow that tells you what you can spend this month, not just what you spent last month.
Our bookkeeping service is built for small business owners who want to stay on top of their numbers without it taking over their week. We tell you what amounts to move to your tax and BAS savings accounts so there are no surprises. And because we are already your accountants, your books sit inside the same picture as your tax and structure. You are not explaining yourself to a third party.
Most accounting tells you what happened last year. We are also interested in what happens next.
For business owner clients who want more than compliance, we work through the numbers with you: what your business needs to earn to give you the income you want, where the margin is, what structure makes sense as the business grows. This is not a separate program. It is part of how we work with our business clients who want to go beyond the tax return.
I am putting together a business coaching program for small business owners who are profitable on paper and want to understand why it doesn’t feel like it. Pricing, structure, cash flow, growth planning, and the decisions that actually move the needle — with someone who already knows your financials in the room.
More details coming shortly. If you want to be the first to hear when it launches, get in touch and I will make sure you are on the list.
We are accountants and mortgage brokers, not licensed financial advisers. But after thirty years in financial services, we know who the good ones are. If you need financial advice — on investments, superannuation strategy, insurance, or retirement planning — we can refer you to a qualified adviser we trust. Getting the right person in front of you matters more than pretending we do everything.
Most of our clients find out we do mortgage broking by accident, usually when they come in for their tax return. A few have said to me afterwards: if I’d known, I would have come to you years ago.
What’s different about using your accountant as your mortgage broker is that we already have your financials. We’re not asking you to prove your income from scratch. We know your structure, your tax position, and what your cash flow looks like. That means a faster assessment and a more accurate one.
We also look at what to do with any saving we find, not just the rate. Paying the loan down faster, redirecting to super, starting an investment — the rate is the beginning of the conversation, not the end of it.
I’ve spent thirty years in financial services — accounting, financial planning, and mortgage broking. The thread through all of it is the same: small business owners and tradies doing good work, often without the financial clarity to know whether the business is working for them.
I started 123 Financial Group in Newcastle because I wanted to build a firm that did this properly — tax, bookkeeping, and home loans under one roof, without the jargon and the once-a-year-and-goodbye model that passes for accounting in a lot of firms.
Every client relationship at 123 Financial Group starts with me. You have my name, my number, and access to our senior team who are there when you need them. We look after clients right across Australia, from Newcastle and the Hunter Valley to wherever you are.
She got our refinance approved and saved us thousands with a lower interest rate.
Bec Morrow from 123 Financial Group helped us immensely when trying to refinance our existing home loan. We didn’t know where to start, but she provided us her knowledge and expertise which resulted in us having our home loan refinance approved & giving us a much lower interest rate. Would recommend Bec Morrow 100%, she never gave up on us!
Nothing is ever too much trouble and they always go the extra mile.
Jenny and the team 123 Financial Group have been doing our accounting and taxation for over a decade and we have always received the most professional, timely and superlative service. Nothing is ever too much trouble and they always go the extra mile. I highly recommend 123 Financial Group
Very helpful and accomodating for me and my business, came out and saw how we operate on a day to day basis, understood what we needed and helped reach our goals.
Definitely not the standard accounting firm, they spoke to me in terms I understood and didn’t try to bury me in accounting terms just to overcharge me.
They were also able to help me with refinancing my home loan, it was great not having to go all over town.
Definitely Recommend Jenny and her awesome team, in their fantastic new office. Great job!!!
Very different to any other accountant I have gone to. Since I found 123 Financial Group, I’ve gotten all my family to become clients.
They’ve helped my brother with his business, helped by dad get a loan and helped my mum with financial planning.
Literally a one stop shop for every financial need.
Shane, who I choose to be linked in with at 123 Financial Group, has shone on so many fronts.
He has patiently walked me through (in a one-on-one tutorial) the parts of Xero I want to understand, he is a fabulous communicator when I send him through questions I have, and he has found creative ways to solve things that have come up.
I value his insight and love having him on the Love Parenting support team.
Love Parenting are a family counselling service in Newcastle. With Mel’s professional and dedicated support, you can create a Parenting Roadmap to pinpoint problems and troubleshoot solutions to suit the needs of you and your family.
Most people who get in touch have one of three things going on: their tax hasn’t been done as well as it could be, their bookkeeping isn’t telling them what they need to know, or they’ve been meaning to look at their home loan for two years and haven’t gotten around to it.
A thirty-minute conversation is usually enough to work out what needs to happen and whether we’re the right fit. No pressure. No jargon. Just a straight conversation about your situation.
Suite 24, Level 1, OTP House, 10 Bradford Close, Kotara NSW 2289 • Serving clients across Australia