Many companies utilise the services of external, independent professionals to fill a directorship role. This person acts as a non-executive director and is not involved in the daily running of the business. An independent person brings different ideas to the table. We believe that this is a healthy way to run a company. An efficient [...]
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Salary packaging is an effective way to optimise ones tax position Packaging allows employees to change the structure of there remuneration package and take non cash benefits in lieu of salary The most common packaging items are: Cars Living Away From Home Allowances Relocation expenses Laptops Additional superannuation We will review your salary package and [...]
Our main objectives in providing a service to implement the best business structure for your needs are to: Achieve adequate asset protection Ensure tax flexibility In many cases this is possible through the use of trusts. Our service includes: Meeting to find out about your business Research to determine the best structure for your situation [...]
Tax planning is the process of organizing the affairs of a taxpayer so that, as far as legally or commercially possible, the liability of the taxpayer to income and other taxes is minimised. – (definition from the Australian Master Tax Guide) Some common strategies of reducing ones tax liability are: Reduce assessable income Increase deductions [...]
A good accountant is: A good listener; Cares for every client; Returns calls promptly; Has up to date knowledge; Enjoys the challenge. This is the SME approach to business.
Tax planning is the process of organizing the affairs of a taxpayer so that, as far as legally or commercially possible, the liability of the taxpayer to income and other taxes is minimised. – (definition from the Australian Master Tax Guide) Some common strategies of reducing ones tax liability are: Reduce assessable income Increase deductions [...]
The Fringe Benefits Tax Assessment Act 1986 (“FBTAA”) provides for substantial concessions where an employer pays for various costs associated with relocating an employee. These expenses can be met directly by the employer or passed on to the employee as part of a salary sacrifice arrangement. These concessions are available only if an employee relocates [...]
One of the benefits of a negatively geared property investment is the ability to deduct the losses incurred against other income. For this reason many investors register property investments in their individual names. Although this achieves their tax objective it does not provide tax flexibility nor asset protection objectives, which are available in a trust [...]