Tax Planning - What is it and how can it save you money?

Home

Tax Planning - What is it and how can it save you money?

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. With the 2021 Financial Year nearing its final quarter we encourage you to consider discussing a Tax Planning strategy with us.


CONTACT US FOR TAX PLANNING ADVISORY CONTACT US FOR TAX PLANNING ADVISORY

22 Mar

Why You Should Lodge an FBT Return in 2021

Why should you lodge an FBT return where no FBT is payable? Well, for the simple reason that it turns on a three-year deadline for the ATO to commence audit activities. This is a NEW ATO rule as a result of massive deficits due to COVID. The ATO need to gain more funds somehow...FBT liability is one of the methods.


READ MORE READ MORE
22 Mar

What is a Car Fringe Benefit?

A car fringe benefit commonly arises when an employer makes a car they own or lease available for the private use of an employee.


READ MORE READ MORE
22 Mar

Entertaining, Meals and FBT

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.


READ MORE READ MORE

Related News

10 Nov

Retention payments and how to account for them

Whilst retention payments are very common in the building and construction industry we continually see them being incorrectly accounted for, or not accounted for, and therefore often overlooked, resulting in advance payment of taxes and/or lost income.


READ MORE READ MORE
9 Nov

100 Aussies: five charts on who earns, pays and owns

We are heading into a period of opening up the economy after COVID, with the need to repair the budget, an election looming by May 2022, the threat of inflation and a withdrawal of central bank stimulus.


READ MORE READ MORE
15 Sep

The Advantages of Commercial Real Estate

While commercial property is a little more difficult to understand than residential, it offers several significant advantages for investors.


READ MORE READ MORE