Diamond Accounting

July 1 is too late to start thinking about last year’s tax

When small business people think about tax and accountants, they’re usually thinking about their annual tax return. They want their accountant to be able to make sense of their business financial records, claim the maximum possible deductions, and avoid being investigated by the Tax Office.

At PWK Group, we believe the best way to minimise your tax bill is to firstly select an accountant who will prepare accurate tax returns, ensuring that our you receive all the deductions you are entitled to while complying fully with tax law. But there is more to our taxation services than that.
 

To minimise your tax, you need to have a strategy in place. For example, you need to decide which structure is going to allow you to pay the least tax – sole trader, partnership, trust or company (or a combination). Then you may need to plan your income and expenditure for the coming year, deferring income or bringing forward deductions.

Taxation Planning is a major focus for us because it is a major factor in the financial success of your business. For the same reason, it can’t be left until a week or two before 30 June. To get the most out of Taxation Planning strategies, you need to implement them as early as possible in the financial year.

So don’t wait until your tax return is due. Start talking to us today about tax, and take advantage of our full range of taxation services. We offer assistance with:

• Preparation of Income Tax Returns
• Income Tax advice
• Taxation strategies
• Taxation structure
• Asset protection
• Capital Gains Tax
• GST advice
• Preparation of Business Activity Statements

For help in paying less tax, contact us today.