
Tax planning
Tax planning is a key element of wealth creation. Salary packaging, superannuation, investments and tax deductible debt can create significant tax savings. By structuring your finances more efficiently you can manage the amount of tax you pay.
Tax planning can involve:
- Business structure – company, trust, partnership, join venture
- Maximising your after tax income
- Advising on asset acquisitions, disposals or business restructures
- Remuneration packaging (salary packaging)
- Advising on income and capital gains tax (CGT)
- Gearing
- Investing in shares that offer 100% franked dividends
- Borrowing to invest
- Small business and capital gains tax exemptions (particularly relevant to superannuation)
- Generic tax planning advice
- Advising on succession or estate planning taxation
- Analysing the goods and services tax (GST) consequences of transactions
Because there are so many factors that contribute to the amount of tax you pay, it is important to obtain comprehensive advice.