Tax Planning Strategies is the arrangement of taxpayer’s affairs or structuring of transactions which give rise to the minimum tax liability within the law without resorting to tax avoidance arrangement. Traditional year-end tax planning strategies involves timing advantages such as bringing forward proposed tax deductible expenditure (e.g., by undertaken deductible repairs or prepaying certain expenses in the current income year rather than in the later year, or deferring the recognition of assessable income to a later income year (if Possible).
Effective tax planning is something that should be considered year round and by making it a priority could result in you paying less tax liability.
Now is the time to act and focus on your tax and financial planning in order to minimise tax, reduce risk, and be prepared financially for the year ahead. With the end of tax year nearing, this is the time where your UHY Dawgen Partners meets with you, having considered what your position with respect to taxation looks like leading to the end of the financial year.
How can tax planning assist you and your family?
- Minimise your tax payable by effectively planning
- Eliminate your tax payable by taking action ahead of time
- Ensure you have sufficient funds are available when tax is due
- Use your tax savings EFFECTIVELY
- Helping you with superannuation for your retirement
Call us today:1876-9084007 or email:info@dawgen.com
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