Tax Planning - What is it and how can it save you money?
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Home • Services • Tax Planning
When an accountant talks about Tax Planning what do they actually mean? As part of our tax advisory service we always offer strategic tax advisory, but it's important to note there are a lot of things that accountants cannot implement after June 30. If you want the most strategic tax outcome, tax planning will give you insight on what you can do or action before June 30 to provide a better tax outcome.
We do Tax Planning as an ongoing process that minimises taxes, maximises tax credits and protects assets. We do tax planning strategies for our clients on an annual basis. We find tax savings that are at least double our fees in doing this work. It makes the investment decision in doing a tax plan easy.
With the Financial Year nearing its final quarter we encourage you to consider discussing a Tax Planning strategy with us.
Granting employees’ access to company cars is treated by the ATO as a ‘non-cash benefit’, more commonly referred to as a fringe benefit.
New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT-free. We explore who can access the concession and how.
An everyday occurrence across the business landscape in Australia is the practice of taking both existing and potential clients out for a meal to cement the business relationship, with the cost of this meal often covered by one party.
The ATO has signalled that there will be an increased focus on FBT this year. Given the ever-improving tools at the ATO’s disposal, in conjunction with the government’s need to raise additional revenues, it is important that employers ensure they remain compliant with their FBT requirements.
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