Tax Planning

Tax Planning
We hear it so many times…”The only certainty in Life is Death and Taxes”. There is nothing wrong with paying taxes as we all have to pay our fair share, but there is also nothing legally and ethically wrong to make the most of the available fiscal incentives within the Australian economy to help you reduce the amount of tax that you pay.

The three main variables we will work on:
a) How to reduce your Assessable Income?
A common strategy used is to salary sacrifice your cash salary in exchange for a contribution to your Superannuation fund. However please note that a contribution tax of 15% applies.
b) How to maximize your Tax Deductions?
A negative gearing strategy will usually ensure that your investment outgoings (tax deductible) exceed the incoming, with the expectation of future higher growth of the investments.
c) How to maximize your Tax Offsets?
Franking credit is an important and significant source of income and can make a real difference to your tax minimization and wealth creation plan.

Your adviser will work in close collaboration with your Accountant to ensure that your tax bill is kept to a minimum.

This website contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information.

Tax Issues
We are registered with the Tax Practitioners’ Board as registered tax (financial) advisers under the Tax Agent Services Act 2009 (“TASA”). However, we are not a registered tax agent and the nature of the tax services that we are authorised to provide is limited under TASA. As such, we only provide tax services directly related to the nature of the financial planning advice provided to you. The extent and detail of any tax service provided is restricted to those matters agreed in our engagement and we have not considered any other tax matters. Where tax implications are discussed they are incidental to our recommendations and only included to help you decide whether to implement our advice by illustrating how it is likely to place you in a better position.
If you require tax services on matters that are unrelated to your financial planning needs, we recommend that you consult a registered tax agent. While we have endeavoured to ensure that all tax calculations are accurate and reliable, such amounts should be considered as estimates only. Please refer to Appendix: Assumptions for details. Determining your exact tax liabilities or tax entitlements may require consideration of, or may be influenced by, matters not known at the time our advice is provided (for example your taxable income for the financial year or the timing of specific transactions).