Taxation is a major expense of any business. Therefore we work closely with our clients to ensure that both the quantum and the timing of this expense is properly managed in order to minimise its impact on the business. Through gaining a complete understanding of a client's business and taxation profile we are able to create, identify and recommend appropriate, practical tax planning strategies. This helps give the business a competitive edge.
Our philosophy of combining practical experience with further education and training has resulted in a team of highly skilled and competent tax practitioners. This means that as the Income Tax Assessment Act and related legislation and material continue to increase in volume and complexity, we are well placed to provide our clients with valuable practical advice.
All clients have direct access to our senior members of staff. The fact that these staff are highly trained and experienced "hands-on" tax practitioners ensures that clients receive timely and accurate responses to their technical questions.
Our New Clients
All our new clients are given a detailed taxation review and a written report which analyses their taxation position and provides recommendations for improvement.
The review is extensive. Usually it begins by analysing the tax efficiency of the client's structure including economic, commercial and personal considerations. The review is not limited to Income Tax but includes Fringe Benefits Tax, Capital Gains Tax, Payroll Tax and International Tax. The scope of the review can be broadened to include indirect taxes such as the Goods and Services Tax. This review has considerable benefits. It identifies problem areas and opportunities and enables us to gain a thorough understanding of the client from the beginning.
All clients' annual tax planning reviews are conducted for all corporate clients as a matter of course prior to the end of the financial year.
In attending to the client's year end compliance work we ensure that the year's tax planning measures have been implemented correctly and that there will be no unexpected problems further down the track.
Superannuation
The tax planning opportunities arising from the tax concessions available in the superannuation arena mean our superannuation specialty complements our tax consulting role.
Remuneration Consulting
We provide advice on tax effective salary packaging for high net worth individuals. This advice takes into account the client's personal circumstances and recommends the most effective salary package in light of the relevant income tax, fringe benefits tax and payroll on costs.
More info:
Brad Reid
Principal - Taxation Services
(03) 9521 3000