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Don't wait until it's too late! Start your tax planning today

20.04.2017 by Neville Hughes

If you’ve heard me say it once, you’ve heard me say it a thousand times. Failing to plan is planning to fail.

 Right now is the time to be planning for the end of the financial year.  Check here to see if you're going to end up paying too much tax!

You’re probably paying too much tax

After all, you might be setting yourself up to pay too much tax if you don’t plan now… and who wants to pay too much tax? No one! Start planning now because a reputable and knowledgeable financial advisor will really be able to make a different to you and your business!

I suggest you look for an advisor who will provide you with tax planning options that are in line with your overall goals and help you achieve your dreams; such as achieving financial independence.

Jack and Jill avoid that hill and save almost $10k

My team and I have worked with hundreds of people over the years to help them legally plan for tax time and significantly reduce the amount of tax they have to pay.

I want to tell you a story about one particular client of ours who’s been with us for many years. You might realise that we’ve changed their names once you start reading.

Jack and Jill have a Mechanical Business, ‘J & J Mechanical Pty Ltd’.

Last year, they had a good year and they think, let’s say yes to tax planning.

It was an amazingly simple process and you can find out here how helped Jack and Jill save $9,600 in tax simply by coming in for a planning session.

If you’re still not convinced, here are 3 more reasons you should start tax planning now

 Yep, this is where you can find another 3 reasons why I think you should undertake effective tax planning every year.

  1. NO SURPRISES

Know where you stand with regards to estimated tax for the year and check how your business is doing. Your profit may be tied up in debtors, stock or been used to repay loans rather than just being cash in the bank. The tax office doesn’t care; they still want their share! Tax planning is also an opportunity to review your business performance. Find out why your business is doing what it is to make next year a better one.

  1. IT’S BEEN A GREAT YEAR

You are having a great year. Tax planning helps you legally reduce the amount of tax you have to pay.

  1. IT’S NOT BEEN A GREAT YEAR

It’s been a bad year. We can check to see if your instalments have been too high, maybe we can get some back or have them allocated against other tax debts.

So what are you waiting for? Contact us today!

For more information, do not hesitate to contact our office on 4972 5177 and we can help you stop paying too much tax straight away!

Topics Tax planning

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