Our 2021 Year End GamePlan ensures you will meet all your tax obligations and can work strategically towards reducing your tax, plan your tax and manage your cash flow better. Between now and June 30 there are many things for business owners that must be prepared in a specific order. Our 2021 Year End Gameplan services are tax deductible.
Here is the order of the key tax planning services we recommend for you over the coming months:
REDUCING YOUR TAX + PLANNING FOR YOUR TAX PAYMENTS
FBT – REDUCE ATO AUDIT PERIOD + FINALISING YOUR 2021 STP INFORMATION
PLAN OF WORK AND PRICE
|DATE||ACTION||HOW THIS BENEFITS YOU||PRICE ESTIMATE EX GST|
|April||2021 Fringe Benefits Tax (FBT) Return preparation + lodgement||
- FBT ATO audit period restricted to 3 years
- STP Reportable Benefits for employees
|$250 - $1500|
2021 Tax Planning review
2021 Federal Budget review
- Reduce your 2021 tax
- Understand your key pre 30 June year-end business actions
|$550 - $1500|
|June||2021 Trust Distribution Resolution preparation||- Ensure your Trust is not taxed at 47% on its profits||$300 per Trust|
|July||18 month Tax Flow Projection||- Know when your tax is payable||From $350|
Drop us an email or call us on 03 5911 7000 to book in your 2021 Year-End Game Plan.
Directors will be required to register for a unique identification number that they will keep for life, much like a tax file number under a rewrite of Australia’s business registers.
How a trust distribution resolution is worded directly impacts the tax liability. It is important not because it determines what is taxable but because it is the basis for determining where the tax liability falls.