Help us, help you save $3 million in tax

At Consolid8 we like to practice what we preach. Our business advice and coaching solution starts with setting targets, implementing strategies to achieve these goals and measuring the return. So, this tax season we’ve set ourselves a KPI – to save our clients $3 million in tax through proactive tax planning.

 

Why tax planning?

By actively reviewing your financial status and implementing our tax planning process we can (legally) minimize the tax you have to pay. Here’s some reasons why you need tax planning:

• Avoid unpleasant surprises on your tax bill
• Maximise your business’ eligible expense deductions
• Take advantage of potential tax concessions for your industry/business type
• Achieve tax savings within your family group
• Maximise the tax effectiveness of your superannuation contributions
• Review your business structure for optimum tax positions and asset protection
• Identify how you can benefit from the recently announced Federal Budget
• Ensure Division 7A loan minimum repayments are made to avoid unexpected tax consequences
• Identify the best way to reward owners (i.e. wages, director fees, dividends or profit distributions)

 

What’s the process?

Step 1 – Profit and Tax Summary

We will summarise your profit and tax so you understand your current financial position. Once we demystify your finances, we are able to recommend strategies to achieve the best outcome for your business.

 

Step 2 – Tax Planning Recommendations

You receive a series of expert recommendations and strategies to maximise your tax position. These will ensure you minimise the tax you pay at the End of the Financial Year.

 

Step 3 – Tax Savings

Not only do you receive in-depth analysis of your finances and recommendations for optimising your tax position, we also outline the potential savings you are likely to make by following the action plan and timeframe.

 

Step 4 - Action Plan and Timeframe

To ensure you achieve the best possible tax outcome before EOFY, we provide you with an action plan and timeline. This will assist you in achieving the maximum tax saving possible.

 

Before 30 June?

Absolutely, you need to act now. Our review process is designed to identify the optimal tax planning strategies to suit your circumstances and ensure they are implemented before 30 June 2016.

 

If you are interested in our Tax Planning Review or have questions about Tax Planning for your business, get in touch with Consolid8’s Tax Team today on 1300 222 353