There are 4 reasons why you should undertake effective tax planning every year.
To 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!
You are having a great year. Tax planning helps you legally reduce the amount of tax you have to pay.
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.
Tax planning is an opportunity to review your business performance. Find out why your business is doing what it is to make next year a better one.
Estimating your tax position before the end of the financial year allows you to find the best option for reducing your tax.
Understanding what tax you would have to pay if no actions were taken
Achieving the best outcome, regardless of your circumstances
Peace of mind – tax planning reduces the risk of a nasty surprise during tax season
"We first came to GTC to attend a seminar on 'Importance of Financial Planning'. We have been with GTC for 9 years now, and since then we have achieved a lot of things which we wouldn't have been able to achieve without GTC Financial's help. The comprehensive plan formulated by GTC has helped us pay all our debts and build an investment portfolio without compromising with our lifestyle. We are also living out our dream of travelling the world."
- John and Rae-Lee Kelly
"We came to GTC 10 years ago and since then they have helped us by providing important advice about getting our finances sorted. The best thing about coming to GTC was that we got advice related to all our financial queries at one place. It's an entire package. Not only helping us to build up our business but also in our personal financial planning."
- Ross and Cheryl Paroz
"We came to GTC when we were in the second year of our business and since then they have helped us build our business every step of the way. Every year they help with tax planning to ensure there are no unexpected surprises. They also helped us to restructure our business entities so that we had better asset protection. Over the past few years Neville has become more like an unofficial partner to our business."
- Lyndel and Odin Gatt