With more than 10 years of expertise, one of the Job our tax consultant do best is they can help you to plan your financial activities in a way that will minimize your tax liability at lowest permitted by tax law. Which is called as tax planning. There are too many strategies to minimize the tax permitted by tax law. Some of them are as below: –
- Choosing most tax effective structure. For example, Family trust, Unit trust, Company etc.
- Asset protection
- Prepayment of business expenses
- New business assets purchase timing decision
- Salary sacrifice (Car lease, super etc)
- Rental property and negative gearing
- Structure and re-structure of investment and business loan
- Review the debtors and write off.
- Timing of invoice etc