Tax Planning

Our Team has years of experience Minimizing the amount of tax that businesses, Sole Traders and Individuals pay. We take the time to fully understand your personal situation so that we can maximise your potential refund and provide invaluable Tax planning advice to help you structure your business and put you in the best possible financial position.

Pay Less Tax

There are two certain things in life, Death and Taxes.  We say

 

 “why pay more tax than you need to?

 

With our help you can minimise the amount of tax paid so that you keep more money in your pocket.

To gain the maximum advantage from our service and pay the least amount of tax we would provide you with expert advice to;

  • Develop a plan to minimise your tax
  • Identify areas where you can make tax savings
  • Provide you with expert financial advice about your business or personal tax situation

Our Full Suite of Tax Services

We offer the full range of Taxation services to help business and individuals minimise that amount of tax they pay. Öur expert team can help you with

  • Tax Planning

  • Tax Returns

  • Quarterly Business Activity Statements (BAS)

  • Payroll Tax

  • ASIC Compliance

  • PAYG Compliance

  • Business Structure Setup to minimise Tax Overheads

We want to keep more money in our piggy bank and we are sure that you do too and so we will look to eke out every possible deduction applicable to you or your business so we can maximise your refund.

You have questions re your Business

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Book a Free One Hour Session to Talk to Us about a Tax Strategy for you or your Business.

Tax Planning Strategies for Businesses

Our Tax planning strategies look to reduce your taxable income, understand how to best structure your income/revenue in ways that will reduce the tax owed and utilise all the possible deductions that your business can claim. Our strategies include the following and more:

  • Accelerated Depreciation

  • Bring Forward Expenses

  • Defer Investment Income and Capital Gains

  • Investment Property Depreciation

  • Maximise Deductible Super Contributions

  • Maximise Deductions

  • Pay Employee Superannuation Early

  • Private Company (Div 7A) LoansSmall Business Concessions – Prepayments

  • Tools of Trade / FBT Exempt Items

  • Write Off Bad Debts

  • Year-end Stock Take

Tax Planning Strategies for Individuals

Many Individuals do not know the full number of deductions related to earning taxable income that they can claim. Luckily, we know them all, and once you have undertaken one year end tax return lodgement with us we can then show you more ways that in the next Financial year how you can further improve your tax refund.. Helping you with you personal income tax planning can also involve;

  • Accelerated Depreciation

  • Investment Income and Capital Gains

  • Maximising Negative Gearings

  • Motor Vehicle Log Book

  • Property Depreciation

  • Personal Healthcare Insurance

  • Reviewing Ownership of Investments

  • Self-Managed Super Fund (SMSF)

  • Tax Deductible Super Contributions

Why Chose Us?

We have all the bases covered with our services being flexible geared to provide “You” our client the best possible experience.

See our Google Reviews to understand how we go further and do more..

Reliable, Melbourne-Based Team

Our team is made up of highly experienced tax agents who deliver a five-star service for a three-star price. All work is done here in Melbourne and your private data is safe here in Australia.

Transparent Pricing

We operate on a fixed monthly fee or we can provide one-off tailored services as and when you need them that fits with how you want to work. 

Unlimited Support

Our package monthly plans mean once you join our Teams site you can ask all the questions you want and we will get back to you with answers within one business day.

Incredible – Yes !!

 

 

Newmarket Accounts team are wonderful. They go above and beyond to ensure I get the best tax and business growth advice. They really care about their clients. Highly recommended.

Comprehensive Solutions

At Newmarket Accounts we do it all and so if you have a complex question or if you need services way above bookkeepin we have you covered. This great knowledge translates into benefits for your business.

We speak Your Language

We don’t use confusing Accounting Jargon and terms that leave you in the dark. We make sure to explain in simple easy to understand terms.

 

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