Having a handle on your financial position before the end of financial year enables you to make decisions that could significantly influence your tax position. Tax planning is knowing profit and tax implications before the end of the year so you can minimise the amount to pay by paying it in the right entity. Real time data in programs such as Xero are essential for making the right decisions.
Tax is only an end result of a business activity; the more you make, the more you have to pay. Why wouldn’t you want to pay more tax because you’re making more money?
Tax minimisation is not a dirty word, it’s about ensuring that you are not paying more tax than you need to be. We will help you implement a number of strategies to achieve this while staying within the spirit of the law. That means no dodgy strategies that could get you into trouble.