Tax services for Complex Individuals
If you’re an individual with complex tax needs, the team at Walsh Accountants has the expertise to help you.
Financial affluence is something to be celebrated, but when it comes to tax obligations, many high-income earners feel they are being hit harder than others. We understand your frustration and have proven strategies in place to help you reduce your tax liability and ensure more of your hard-earned money stays in your pockets instead of going to the ATO.
Who is a Complex Individual?
- Doctors and medical specialists (who are not using a service trust arrangement)s
- Professionals working as an employee
- Anyone deriving high levels of personal exertion income
The problem for high-income earners is that the Australian tax system treats income generated from personal exertion and income generated from business activity and assets very differently. Business activity and investment assets can be structured into companies and trusts which offer lower tax rates and a diversion of income, but income generated by individuals is unable to be diverted without careful consideration and professional assistance.
At Walsh Accountants, you can rely on our team to gain an intimate understanding of your financial position and; relying on our industry knowledge and experience we ensure you are in a positon to claim all possible deductions paying the minimum yet appropriate level of tax – no more than is required.
In addition to basic tax deductions, there are strategies we can put in place to help your money work for you while reducing your tax bills. We will work closely with you to help you understand and identify other tax saving opportunities.
- Negative gearing
- Salary sacrificing
- Share investment and gearing
Tax advice you can rely on
The Australian taxation system is highly complex, but there’s no reason to battle it out on your own. By contacting our Gold Coast based accounting firm, you’ll get direct access to a dedicated team of experienced tax consultants and accounting specialists who know the tax system inside out and are well equipped to help you navigate the system and make it work in your best interest.
If you’re a doctor, medical specialist, high ranking employee, or high-income earner deriving income from wages or personal exertion income, contact us today to speak to a trustworthy tax professional who understands your circumstances and provides exceptional customer service every step of the way.