Tax Planning and Minimisation
As a renowned tax accountant in Point Cook, two of the more commonly requested services we offer are tax planning and tax minimisation. It’s no secret that all businesses are looking to reduce their tax liability within the spectrum of Australian Law. To achieve the greatest results in this area, we encourage our clients to plan in advance and schedule a meeting towards the end of the financial year for assessment. We have curated a few tips which will help with the planning process:
- Prepare a detailed stocktake—write off any worthless stock items.
- Write off bad debts.
- Trustee resolutions—make sure they are prepared and signed.
Tax planning is the smartest alternative as a small business, so we’ll help you create a checklist of everything else you need to collate before end of the financial year. As your trusted tax accountant in Point Cook, call us for more info!