Tax Planning Services
An Award-Winning Approach to Business Accounting & Tax Planning Services in Australia
Everest Tax & Property’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 tax consultant in Melbourne can develop tax minimisation strategies that put you in the best possible financial position.
So, You’re Looking to Save On 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 & Property 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. We believe tax is an expense that should be minimised and managed, not avoided.
Tax Minimisation 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 tax minimisation 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 and,
our proactive approach that can help you make better financial decisions
While helping you to minimise your tax, our tax advisor in Melbourne can also provide you with proactive tax advice aligned with your business and personal goals.
Our award-winning tax advisory accountants will take the time to understand your current situation and where you want to be in the future. By speaking to our tax accountant in Melbourne, you can gain a better understanding of 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 our tax consultant in Melbourne 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 expert tax consulting partners will also incorporate any budgetary changes into corporate tax planning for you and/or your business.
In relation to a family trust, our tax advisory partners can meet all trustees by 30/6 to discuss the optimum trust distributions of net income of the trust. Failure to do this could result in a higher tax of 49%.
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.
Contact Everest Today
Call Everest Tax & Property today on (03) 9467 3844 or contact us online to enquire about our effective corporate tax planning services.