Tax Planning
Using a “Bucket Company” Strategy to Reduce Tax
Set up a bucket company to access the 25% or 30% capped tax rate. Your accountants at Success Accounting Group are very aware of the tax laws and can make this easy for you. Contact us today! The sooner we get started; the sooner we can help you save tax using a “Bucket Company” - well before 30 June 2023 for enough time to implement tax saving strategies.
How To Minimise Your Business Tax in 2023
Imagine what you could do with tax saved? You could: • Reduce your home loan • Top up your super • Save for a holiday (when we can travel again!) • Deposit for an Investment Property • Pay for your children’s education • Upgrade your Car Here’s a guide to the strategies you can use to minimise your business tax.
How To Reduce Your Personal Tax in 2023
Now's the time to review what strategies you can use to minimise your tax before 30 June 2023. The most important thing to remember is that there is no point in spending money to get a tax deduction unless it’s going to result in something useful for you.
How The 2022-23 Federal Budget Affects Your Business
Get better understanding about the 2022-23 Federal Budget from our tax experts! Here’s the breakdown of the key elements discussed in the announcement and see what this means for you and your business.
2022 YEAR END TAX TIPS AND REMINDERS
Make sure you keep up to date with everything tax related that affects you. Here's the 2022 End of Financial Year Reminders and Action Items. Some of these will help to minimise your tax. Others will reduce your exposure to an ATO tax audit.
Get ready for a brutal Federal Budget and ATO Trust S100A initial guidance
The Australian Taxation Office will release a preliminary guidance on Section 100A in the next two weeks. The upcoming 2022 October Federal Budget will be a tightening one and it could be very brutal! Contact us today to help you prepare for ATO Trust S100A.
ATO Announces Four Areas of Focus for Taxation This Year
The Australian Taxation Office has uncovered four key areas to focus on as businesses prepare for their tax this year. Being aware that many Aussies are engaging with cryptocurrencies or digital assets, the tax office said that crypto investors will be one of their priorities at tax time.
The Winners and Losers in the 2022 Victorian Budget
Emergency services is the major focus in the 2022-23 election-year Victorian budget. Contact us today at Success Accounting Group to help you navigating the implications and opportunities of this Budget for you and your business. Book in your Tax Planning now with less than 50 days left before the EOFY.
Superannuation Death Benefits – Who Gets Your Super?
Who decides what happens to your superannuation savings when you die? You might believe that you do, however that isn't generally the situation. A definitive choice might be made by somebody you don't know - the legal administrator or trustee of your superannuation fund. Here’s what you need to know in making a valid binding death benefit nomination.
2022 Federal Budget – What It Means for You
Information: What the 2022 Federal Budget Means for You With a Federal Election due in the next 8 weeks, the Morrison Government has just made its bid for re-election with the following headline announcements in its Federal Budget released on Tuesday 29 March 2022: Petrol tax slashed by 22 cents per litre for 6 months […]