TAX PLANNING & SUPPORT

TAX PLANNING

Tax planning is a key element of wealth creation. Efficiently manage the amount of tax you pay by better structuring your finances.

ARE YOU GETTING THE MAXIMUM TAX REFUND FOR YOUR BUSINESS?


We aim to achieve sophisticated, but simplified tax planning outcomes, to ensure the maximum legal use of the tax act. Then we will supply plans that are explained and understood by each client. These plans are updated regularly when the act changes and impacts on the client's personal circumstance or business.

The tax expense is a major liability and should be regularly reduced as much as possible. The costs of set-up should not be prohibitive and will be returned to you by way of savings and efficiencies.

SUPERANNUATION - BORROWING FOR SUPERANNUATION


Superannuation is most important in keeping up our standards of living, particularly in advanced age and retirement.

There are excellent tax concessions opportunities and we must make the most of them, otherwise our standard of living will suffer.

We do not know how much longer the Government will be paying such generous pensions making self reliance very important....Read more

SHARE TRADING


It is always a wise investment to invest in the market in blue chip shares across various sectors to reduce your risk.

Share trading under prudent professional training can and will accelerate overall gains in a flat or declining market.... Read more

METHODS OF REDUCING TAX LIABILITY



The objective of any tax planning arrangement is to reduce the tax payable in respect of a given quantity of profits or earnings, including profits on the realisation of assets within the CGT regime. In broad terms, there are several different ways of reducing liability to tax. These are summarised in the tabs below.

 
Possible Methods
  • Derive capital, not income
  •  
  • Avoid deriving assessable amounts
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  • Select best CGT option for calculating gain
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Possible Methods
  • Maximise present deductions and concessions
  • Deductions for individuals
  • Deductions for businesses
Possible Methods
  • Maximise offsets
  • Use withholding tax provisions
  • Averaging for primary producers
  • Averaging for authors, performers
  • Inventors, sportspersons, etc
  • Delay derivation of income
Possible Methods
  • Alienate income to another
  • Transfer income-producing assets
  • Contract with associated taxpayers
  • Use discretionary distributions
  • Commercial considerations
Possible Methods
  • Family members
  • Family partnerships
  • Family companies
  • Family trusts
  • Loss companies
  • Units trusts
  • Loss trusts
Possible Methods
  • Partnership restructuring
  • Business sales
  • CGT issues
 

These strategies may conflict in a particular case



For example, a high income earner may be desirable as a holder of a negatively geared property from an income tax perspective, but would be undesirable from a CGT perspective if that property was expected to increase significantly in value.

Thus, it is necessary to balance different tax considerations. Non-tax issues must also be considered, eg. the high income earner may be an undesirable owner of an asset if that person is a professional who may be subject to a negligence action.


MAXIMSE YOUR REFUND AND
GET WHAT YOU'RE ENTITLED


At Funder & Associates we provide a comprehensive preparation of your tax return and lodgement.

Our lodgement service not only takes the hassle out of preparing your tax return, but also:

  • Maximise your return;

  • Mitigates you against personal or business risk;

  • Returns the money that you are entitled to, as fast as possible

Your lodgement is logged in our system, generally in date order and attended to quickly to ensure a speedy turnaround. However we pride ourselves on our professionalism, therefore we do not have a same day service of completion and lodgement.  Our business is based on a long term relationship with each client that covers all aspects of the client's financial affairs, not just the lodgement of tax returns as important as that may be.

 

NO-ONE WANTS TO PAY TAX!

True! However the bottom line is this: if you're paying tax then you're also making money! The idea is not to pay anymore tax than you have to and this is how I can help.

From specific advice to tax planning you need to maximise your taxation position. Our teams are experts and trained to be up to date on all aspects of the Australian Taxation System.

Funder and Associates will provide you with the security and certainty needed for wealth creation. When you speak to us we understand how to translate the technicalities into easily understood terms.

Our aim is to reach the best possible tax results by the:

  • Preparation of activity statements and advice on payment of tax GST/FBT obligations
  • Advice on and implementation of tax effective trust structures for asset protection and tax minimisation
  • Management of any ATO Audits or disputes
  • Preparation of wage earner, individual, sole trader, partnership, trusts, companies and super funds

BOOK YOUR CONSULTATION TODAY