Tax Services
Award-Winning Approach to business accounting services in Australia
Everest Tax and Property Advisory’s tax partners can help you to legally minimise your tax.
Providing you with advice that is tailored to your individual or business goals and requirements, our partners will develop a plan that puts you in the best possible financial position.
So you are looking to save your tax
There are a number of ways businesses and individuals can legally reduce the amount of tax they pay, whilst still complying with Australian Taxation Office requirements.
Everest Tax and Property Advisory can help:
- Identify potential areas of tax savings
- Proactively communicate and provide you with tax advice
- Work with you to better achieve your short and long-term goals
- Keep you up-to-date with any taxation changes and developments
| Our VCFO services help you generate more cash but generating cash means more tax. Tax is an expense and it must be minised and managed not avoided. |
Tax Planning Strategies for Individuals
Individuals can claim deductions related to earning taxable income.
To be eligible for a work-related deduction, you have to be able to prove that you made the purchase and you must not have received reimbursement. Here are some strategies you can use to help minimise your personal tax:
- Claim property depreciation
- Review ownership of investments
- Use family trust to protect your asset and distribute your income
- Negative gearing properties
- Shares investments and imputation credits to reduce your tax
- Make super contributions
- Prepay expenses and interest
- Claim on your motor vehicle log book
- Sell non – performing investments
- Claim work-related expenses
- Review your share portfolio to match capital gains and losses
- Get income protection insurance
- Defer investment income and capital gains
- Use dividend policy to reduce your tax refund
At Everest, we are passionate about the advice we give, hence,
our proactive approach can help you make better financial decisions
While helping you to minimise your tax, we also provide you with proactive tax advice aligned with your business and personal goals.
Our award-winning accountants will take the time to understand your current situation and where you want to be in the future. With us you will gain a better understanding on your financial position and how your decisions can impact the amount of tax you pay.
Meet Us
This period usually takes place from April to June – and it is a time when your tax planner will spend time poring over your financial affairs and strategising the management of your tax obligations.
If your income has increased or decreased in the last financial year, your tax bill will be affected. Everest’s partners will also incorporate any budgetary changes into tax planning for you and/or your business.
In relation to a family trust, we meet all trustee by 30/6, to discuss the optimum trust distributions of net income of the trust. Failure to do this could result in higher tax as 49%. Super funds clients, failure minimum pension would result in loss of tax exemptions.
This period usually takes place from April to June – and it is a time when your tax planner will spend time poring over your financial affairs and strategising the management of your tax obligations.
If your income has increased or decreased in the last financial year, your tax bill will be affected. Everest’s partners will also incorporate any budgetary changes into tax planning for you and/or your business.
In relation to a family trust, we meet all trustee by 30/6, to discuss the optimum trust distributions of net income of the trust. Failure to do this could result in higher tax as 49%. Super funds clients, failure minimum pension would result in loss of tax exemptions.