tax liability

Allowed Deductions in Your Company Tax Return

September 2010

When operating your business as a company, it is your duty to lodge an annual company tax return showing your taxable income and the amount of tax due on that income.Limitations of deductionsTaxable income is computed by deducting certain expenses (also referred to as allowed deductions) from your...

Tax Planning

August 2010

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...

Why Tax Plan?

May 2009

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...

Get in touch with us today!

Our Industry Associations
SME Business Accountants is a Corporate Authorised Representative of SMSF Advisors Network Pty Ltd AFS Licence No. 430062