In the lead-up to 30 June 2018, we want you to know why using a “bucket company” can be a great strategy to saving tax on trust profits distributed. Profits From a Trust? Do you have a Trust that generates profits? If yes, then read on! A “bucket company” allows you to “cap” the tax on profits distributed by a trust to 30% or 27.5% This is much less than… Read more
With the end of financial year (EOFY) approaching quickly, NOW is the time to discuss with us the actions you can take before 30 June to reduce your tax and grow your wealth. For 2018, key priorities are likely to be: Maximise superannuation contributions without exceeding relevant caps Bringing forward deductible expenses Deferring taxable income, and Managing capital gains. This is the first EOFY since the super… Read more
Tax planning should be done on a regular basis throughout the year. Imagine what you could do with tax saved? Reduce your home loan Top up your super Have a holiday Deposit for an Investment Property Upgrade your Car Here’s a guide to the strategies you can use to minimise your business tax. 1 IS YOUR BUSINESS A “SMALL BUSINESS ENTITY”? Small businesses can access a range… Read more