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By engaging our tax planning services, you gain confidence that your tax affairs are managed optimally, allowing you to retain more of your earnings and accelerate your wealth creation.

01.

For Businesses (Small to Medium Enterprises, Companies, Trusts, Partnerships)

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  • Business Structure Optimisation:

    • Reviewing and advising on the most tax-effective business structure (e.g., sole trader, partnership, company, trust, or a combination) to minimise tax, protect assets, and facilitate future growth.

    • Assessing the implications of changing business structures if required.

  • Income and Expense Management:

    • Strategies for deferring income or accelerating deductions (e.g., prepaying expenses like insurance, subscriptions, or rent for up to 12 months before June 30).

    • Maximising claims for eligible business expenses, including home office deductions (using either the fixed rate or actual cost method).

    • Reviewing accounts payable to ensure all legitimate expenses are paid before June 30 for cash-basis businesses.

  • Asset Management and Depreciation:

    • Advising on the $20,000 instant asset write-off (extended until June 30, 2025) for eligible small businesses, ensuring new assets are acquired and installed by the deadline to claim an immediate deduction.

    • Strategies for optimising depreciation claims for assets not eligible for the instant asset write-off.

    • Reviewing fixed asset registers to identify and write off obsolete or disposed assets.

  • Capital Gains Tax (CGT) Planning:

    • Strategies to minimise CGT on the sale of business assets, including applying small business CGT concessions (e.g., 50% active asset reduction, retirement exemption, rollover relief, 15-year exemption).

    • Timing asset sales to optimise tax outcomes.

  • Inventory Management:

    • Advising on strategies to manage inventory levels and write off obsolete or unsellable stock before June 30 to reduce taxable income.

  • Superannuation Strategies for Business Owners:

    • Advising on deductible superannuation contributions for business owners to reduce taxable income while boosting retirement savings.

    • Understanding the Superannuation Guarantee (SG) rate increase to 12% from July 1, 2025, and its impact on your payroll and deductions.

  • Fringe Benefits Tax (FBT) Advice:

    • Strategies to manage and minimise FBT liabilities, including advice on common benefits like motor vehicles, entertainment, and employee contributions.

    • Guidance on the Electric Vehicle FBT exemption and how it can benefit your business for eligible vehicles acquired.

  • ATO Compliance and Risk Mitigation:

    • Ensuring timely and accurate lodgement of all tax returns and activity statements (BAS).

    • Proactive advice to minimise the risk of ATO audits and penalties.

    • Staying updated on ATO's focus areas (e.g., contractor payments via the Taxable Payments Reporting System).

02.

For Individuals 

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  • Income Tax Optimisation:

    • Understanding the Stage 3 tax cuts (effective July 1, 2024) and how they impact your taxable income and strategies.

    • Strategies for maximising legitimate tax deductions, including work-related expenses (e.g., work-from-home expenses using the 70 cents/hour fixed rate method for 2024-25, or actual cost method), self-education expenses, and professional memberships.

    • Reviewing and advising on optimal salary packaging arrangements with employers.

  • Superannuation Strategies:

    • Advising on maximising concessional (pre-tax) and non-concessional (after-tax) superannuation contributions within the caps to build retirement savings in a low-tax environment. The concessional cap for FY2025 is $30,000.

    • Strategies for utilising unused concessional contributions from previous years (carry-forward rules).

    • Understanding the benefits of the government co-contribution for eligible low-income earners.

    • Donations and Gifts:

    • Advising on tax-deductible donations to Deductible Gift Recipients (DGRs) made before June 30.

03.

For investors 

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  • Strategies for managing Capital Gains Tax (CGT) on investments (shares, property, managed funds), including the 50% CGT discount for assets held over 12 months, and offsetting gains with losses.

  • Advice on negative gearing for investment properties and shares, including pre-paying up to 12 months of interest on investment loans before June 30.

  • Maximising franking credits from Australian share investments.

04.

Our Approach to Tax Planning

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  1. Comprehensive Review:          We start with an in-depth analysis of your current financial situation, income sources, expenses, investments, and future goals.

  2. Proactive Advice:                     We don't just react to the end of the financial year. We work with you throughout the year to identify opportunities and implement strategies proactively.

  3. Tailored Strategies:                  We understand that every client is unique. Our advice is customized to your specific circumstances, risk appetite, and objectives.

  4. Legal and Ethical Compliance: All our strategies are firmly within the bounds of Australian tax law and ATO guidelines. We focus on legitimate tax minimisation, not avoidance.

  5. Ongoing Support and Monitoring: The tax landscape changes frequently. We keep you informed of relevant legislative updates and adapt your tax plan as needed.

 

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