Tax Consulting & Year End Accounting
Our approach to taxation is proactive and advisory, with annual income tax return preparation being a by-product of ongoing tax planning advice.
Our year-end mandate is to ensure that our client pays no more than the legal level of taxation.
Expertise in areas such as capital gains, tax research & development incentives, depreciation and tax effective structures is vital in maximising the return for our clients’ businesses.
We are happy to work in conjunction with a firm’s existing accountants. In fact, we often are requested to provide specialist advice to other accounting firms.
Not only does good tax planning have implications for the cash flow of a business, but the long term outcomes of good taxation planning must be an increase in the wealth of our clients. Although in recent years many opportunities for tax planning have been restricted, there are still important areas which can have a significant impact on taxation. These include:
- Selecting the most appropriate business structure, such as company, partnership, trust
- Timing of transactions so as to defer a liability or bring forward a benefit
- Transfer of losses between entities within the same group to reduce overall taxation
- The use of superannuation funds to significantly reduce the overall average tax rate
- Careful structuring of remuneration packages to avoid higher marginal tax rates
- Establishment of tax effective financing structures
Jaquillard Minns invest significantly in maintaining the most up to date knowledge of taxation law. We deliver seminars on a variety of taxation matters including GST, and often contribute articles on taxation law and planning.
All accounting and business services staff attend regular professional development sessions in tax and are qualified to undertake your year end taxation.