Tax Planning

Efficient and proactive tax management

tax-planningBefore the end of each financial year a wonderful opportunity exists to see how the year is shaping up from a profit perspective for the business, and how other income sources will affect your annual tax position.

Coupled with this, the Commonwealth budget is announced early each May containing policies that affect business, investments and taxation.

Our tax planning services is provided over the months of May and June each year, after the Commonwealth Budget is handed down.

Proactive tax planning enables you to take advantage of tax strategies and concessions available. Through this, we also ensure you know your tax position well in advance of when it is due.

Our Process

The key aspects of our Tax Planning service include:

  • Proactive gathering of information from your records year to date
  • Discussing key assumptions to be made in forward projecting
  • Outlining current changes to tax law applicable to your group
  • Proactively capitalising on tax concessions available
  • Maximising opportunities to minimise tax available under the law
  • Assisting you to implement appropriate strategies

Our Tax Planning package includes:

  • A summary of your forecasted position for current financial year for each entity in your corporate group – business entities, investment entities, self managed super fund and personal tax positions
  • Optimal tax strategies available to you
  • Changes as a result of the budget that affect you / beneficial strategies available to you
  • A tax planner schedule – dates and amounts of the tax payments we expect you will have for the forthcoming 12 months, for budgeting purposes
  • A written report of the above so you can refer back to it, know what is available and incorporate your tax costs into your cash flow budget accordingly
  • A 1 hour meeting with your choice of our senior advisors to discuss the above and any other pertinent matters as the year comes to a close.