Taxation

TAX IS NOT SIMPLY ABOUT TAX RETURNS, IT’S ABOUT PLANNING TO SUCCEED

Each year we are required to prepare and lodge our income tax returns. In this we have little choice and say. However, we can have some say in the amount of tax (if any) we are required to pay.  This can be achieved by undertaking some prudent and legal tax planning. Tax planning is simply smart business planning.

Our extensive knowledge & training allows us to provide informed valuable advice in all areas of Taxation including:

  • Income Tax

  • Capital Gains Tax

  • Fringe Benefits Tax

  • Good and Services Tax

  • Payroll Tax

  • Remuneration planning & salary packaging

We can provide commercial and tax planning advice to guide you to plan for success if you wish to:

  • buy & sell a business

  • merge your business with another

  • introduce employees or business investors into your business

  • undertake property development whether on your own or with another person

  • reward and retain key employees

  • establish a family trust which can be an effective means of reducing the amount of tax paid by your family and also help safeguard the family’s assets from creditors

  • resolve a dispute with the Australian Taxation Office including the reduction of penalties & interest

As you can see, tax planning is more than the lodgment of income tax returns; it is smart business planning.

 

Tax Audits

An audit from the tax department is an almost certain event for most businesses. This can be extremely stressful and time consuming. We can relieve you of much of this worry through the provision of being the liaison with the Tax Department on your behalf.