"Of course I am minimising my tax. And if anyone in this country doesn't minimise their tax, they want their heads read!" Kerry Packer
You're almost certainly paying too much tax right now. How can we be so sure? Because the vast majority of our new business clients were paying more tax than they needed to before they consulted with us.
When you consider that the average Australian pays more in taxes in a lifetime than they do on their mortgage, finding ways to reduce your tax bill makes perfect sense.
Ways to minimise your tax
The key to minimising your taxes is planning. If you leave it until just before tax time, the chances are you won't be able to take full advantage of all the entitlements available to you.
Book a free initial tax planning meeting now to give yourself the best chance of minimising your tax this year.
One size never fits all
The important principle is that everyone’s situation is different which means a “one size fits all” approach does not work when it comes to tax planning. The plan must take into account your business circumstances and the goals you want to achieve. Tax planning does not always involve minimising tax, sometimes the best option is to do nothing. Unless you have reviewed your situation you won’t know and worse still you could make decisions that are bad for business in the long term.
What next for you?
Our clients are coming in now to have their tax planning organised and you should too.
If you are concerned that you don’t know what your tax bill might be and want to find out then you need to act now. Waiting till June is too late and could cost you lots of tax.
Yes you read it right… the initial meeting is FREE!! Furthermore we will give you a quote before we carry out any work. What do you have to lose?
Why GTC Financial?
As a Gladstone-based Accountant of almost 20 years I am concerned that many Gladstone businesses aren’t getting tax planning advice and could be missing some great opportunities to legally reduce their tax.
Our view is that every business owner should review their tax positions well before 30 June so they can make more informed business decisions, plan for upcoming cashflow requirements and decide whether or not to take steps to legally reduce their tax.