Tax planning shouldn’t be just a once a year activity when it’s time to lodge your tax return. It needs to be reviewed and managed on an ongoing basis to evolve with your circumstances, the introduction of new legislation and changing compliance responsibilities.
Developing effective tax strategies means looking at your short and long term goals as well as the objectives you have for your business and personal finances. You need to be laser-focused on protecting your assets, minimising the amount of tax you pay, managing your wealth and mitigating your risks.
The tax accountants at MGI South Queensland can help you with every aspect of this strategy. We’ll help you explore all the available tax strategies to help protect your assets, maintain a healthy cash flow and take advantage of any available concessions.
How our tax planning consultants can help you
Effective Tax Planning Strategies
Company Tax Planning
Company tax planning helps to reduce the impact of tax on your company’s cash flows. Good tax planning will help you to:
- Meet your requirements under tax legislation
- Reduce your outlay on business tax
- Protect your assets.
Talk to an experienced tax accountant today and take advantage of potential tax savings.
Business Structure Advice
Choosing the right business structure is important. An MGI business tax accountant will help you review your business structure and, where needed, restructure to:
- Minimise tax
- Better protect assets
- Ensure eligibility for government business grants
- Facilitate future entry/exit of shareholders into a business.
Family Tax Planning
Family tax planning looks at maximising tax opportunities within your family. We can help you with:
- Family trusts
- Tax offsets for spouse contributions.
Talk to MGI about family tax planning strategies