Avoid surprises at tax time
Our personal tax return services ensure you avoid unexpected taxation and financial surprises. We work closely with you to plan your tax affairs and legitimately minimise tax liabilities.
We provide financial advice as well as preparing income tax returns for individuals, partnerships, trusts and superannuation funds and advise on financial investment, superannuation, taxation and related matters. We also offer international taxation advice and services for expatriates who have Australian business interests and investments.
Personal Tax Planning
Personal tax planning is an essential part of wealth creation. Structuring salary, superannuation, investments and debt can create significant tax savings. There are a number of tax and financial issues you should consider before 30 June. There are more options before 30 June and after 1 July it may be too late.
When we meet to review your income tax information, most clients take the opportunity to have a quick ‘financial medical’ to review their finances in detail and take stock of where they are and their plans for the future.
Tax planning can involve:
- Maximising your after tax income
- Remuneration packaging (salary packaging)
- Capital Gains Tax (CGT) management
- Investing in shares that offer 100% franked dividends
There are several different ways that Australians can manage and access their superannuation. We handle the accounting, tax and audit required of a number of super funds and self managed super funds, and can advise on how to maximise your income in retirement.
Self managed super funds
Many people have set up their own super funds in order to get more control and flexibility over their superannuation, income and investments and to take advantage of changes to superannuation. We can help you decide whether this type of arrangement is suitable to your requirements.
Transition to retirement pension
We can work with you to put an arrangement in place that can limit your tax rate to 15%. This works best for people over 60 who can draw a tax free pension. This arrangement involves salary sacrificing into superannuation to reduce your salary to $34,000 and drawing a pension from your super fund.
Working in retirement
An increasing number of retirees are combining part-time work and taking a superannuation pension, and possibly also receiving a part age pension. We can work with you to put a system in place that enables you to spend your retirement how you choose.
If you live overseas, plan on relocating abroad, or are returning to Australia, we can help ensure your tax, business interests and investments are managed effectively. We currently have clients across Asia, Europe and the USA, and act for the subsidiaries of several overseas companies.
There are many tax issues to consider when you leave the country and become an expatriate. We can give advice and direction on issues such as residency, Capital Gains Tax, Self Managed Super Funds, Taxation of Australian investments, borrowing against Australian shares and renting out your home.
Returning to Australia
If you’re returning to Australia with the intention to stay permanently you will be treated as a resident for tax purposes upon the date of your return. We can help you navigate your return including in regards to the application of Capital Gains Tax and the taxation of superannuation benefits.
If you have worked in the UK for over three years you may be entitled to a pension from the British Government when you reach retirement. If you are interested in following this up we can help you with an application and analysis of your UK pension report once it is received back from the British Government.
Get in Touch
- 2/281 Pacific Highway North Sydney 2060
- 02 9922 2533
- Email us via our contact page