Tax Planning
Maximise the Benefits of the Federal Budget for your Business
Last month we heard the Treasurer Joe Hockey deliver his second Federal budget, with some key surprises in it, especially for small business. Below is a summary of the key features and how they could affect you! We at Success Accounting Group are here to make you smart financial decisions NOW so that you […]
Tax Planning Strategy #5: General Tax Planning Strategies slideshow
[easingsliderpro id=”7″] The tax you pay depends on your taxable income (all assessable income less allowable tax deductions), and the tax rates that apply to that income. Therefore, your tax is reduced if you: Reduce your income, or Increase your tax deductions. Seeing we all want to earn more, reducing your income isn’t an […]
Tax Planning Strategy #4: Trust Distributions Resolutions slideshow
[easingsliderpro id=”6″] Family trusts or discretionary trust are trusts where you can distribute with the choice of who receives the income. The people that can receive the income are the trusted beneficiaries, and in 2012 the tax department changed the laws and said that before the end of June, every person with a family trust or […]
Tax Planning Strategy #3: Debt Optimisation Strategy Slideshow
[easingsliderpro id=”5″] Debt optimisation (sometimes referred to as “Debt Recycling”) is a financial strategy which creates wealth over time and improves an individual’s debt structure. Achieved, in the majority of cases by: Using all surplus income to reduce the home loan (non-tax deductible “bad debt”); Creating or increasing investment debt (tax deductible “good debt”) by […]
Tax Planning Strategy #2 – Tax Refunds for Prepaid Interest Slideshow
[easingsliderpro id=”4″] Apart from the usual general tax planning strategies (eg. incur business expenses prior to 30 June to claim a tax deduction this financial year), there is another way to reduce your tax: Prepay interest on borrowings for investments before 30 June. With the solid performance of equity markets over the past 9 months, we […]
AVOID THE 8 MOST COMMON ERRORS IN A TAX RETURN
Lan Nguyen, Chartered Accountant Tax return lodgement can be a confusing and stressful time for any individual or business. It is a time for making sure all of your receipts, tax invoices, statements and supporting documentation are in order and the time for making an appointment with your Tax Professional. There is a lot to […]
![Avoid The ATO Hit List [VIDEO]](https://www.successaccountinggroup.com.au/wp-content/uploads/2016/08/ATO-hit-list.jpg "Avoid The ATO Hit List [VIDEO]")
Avoid The ATO Hit List [VIDEO]
Lan Nguyen explains how you can avoid been targeted by the Australian Tax Office and what measures you can put in place to best protect your business. Lan has been helping businesses grow and improve their financial position for many years and has built up a successful accounting practice where she continues to achieve her vision to assist and grow other businesses. Contact Success Accounting Group to learn how you can protect you and your business through our Audit Shield Service.
$7 MEDICAL CO-PAYMENT OR TAX DEDUCTION?
Lan Nguyen, Chartered Accountant Let’s talk about the controversial $7 medical co-payment. Firstly you’ll receive $5 less from Medicare and then pay another $2 to the doctor. This proposed legislation has not been passed so it’s not yet law. The debate around the co-payment raises many discussions but it hasn’t openly discussed how the […]
![How to save tax in 2015 [video]](https://www.successaccountinggroup.com.au/wp-content/uploads/2014/06/Reduce-Your-Tax.jpg "How to save tax in 2015 [video]")
How to save tax in 2015 [video]
Lan Nguyen explains 16 simple ways you can reduce your tax and help grow your business. Lan has been helping businesses grow and improve their financial position for many years and has built up a successful accounting practice where she continues to achieve her vision to assist and grow other businesses.
Top 7 tips to prepare for your tax appointment this EOFY
Lan Nguyen, Chartered Accountant While everyone is getting ready for the end of financial marketing – individuals and small business owners need to take the time to do some tax planning to get ready for EOFY. It might seem like you have enough on your plate without the hassle of preparing documentation for your business […]