Tax Planning is the epitome of creative accounting. It gives your Accountant the chance to look at your financial position and take advantage of numerous strategies and initiatives available to you to minimise the amount of tax you have to pay.
2021 is a particularly exciting year because there are multiple federal government budget announcements / initiatives that were released in October 2020. Designed to support small-medium business by promoting spending and offering cash incentives, these initiatives are fantastic for any business in the position to take advantage of them.
Click on the links below to read more about each topic.
What is on offer for business this year?
For Individuals
Tax Updates
- 2020/21 individual and business tax rate changes
- Increase to employer super contributions rate
Interested in taking advantage of any of these tax planning strategies?
Eliminate unnecessary stress and uncertainty by knowing just what your tax liability will be for the 2021 Financial Year – putting into play as many of the initiatives available to you to minimise the amount of tax you have to pay. Your tax plan can also provide scope for certain tax liabilities for the year ahead.
Engage our team to complete Tax Planning for you before 15 June 2021.
