Taxation Planning which is legal, uses the various taxation acts, regulations and various ATO rulings and guidance to reduce a tax position, i.e., pay the minimum amount of tax as required by law.  Tax Planning is typically done between 1 April and 30 June.

9 broad areas to focus on include:

1.    Reducing assessable income.

2.    Increasing your deductions or tax offsets.

3.    Diverting Income.

4.    Selecting an appropriate tax vehicle.

5.    Deferring capital gains events.

6.    Moving money into lower tax structures, i.e., Superannuation Funds.

7.    Reviewing your asset register.

8.    Reviewing your stock ledger.

9.    Reviewing your debtors ledger for bad debts.

If you would like to discuss further please contact us:
McNamara and Co - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com