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.
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 bookkeeping 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.