Did you begin your tax planning on January 1st? If you are like most people, you thought about tax planning seriously when you saw how much money that you owed the government. That is when you realized that you should have had strategic tax planning at the beginning of last year for the tax bill now due. Tax planning is not a once-a-year proposition; done correctly, it is part of an ongoing strategy. Jeff Zufall will work with you to minimize your tax liability through careful, strategic planning.
He is an expert at reviewing your current situation and helping you design a sound, responsible plan that will work for you, and he’ll revise that plan as your needs evolve. You won’t need to worry about staying on top of fluctuating tax laws because he’ll do that for you. By working with Jeff to make tax planning part of your overall financial strategy, you’ll save money and reduce stress, and when the time comes, he’ll prepare your tax returns accurately and e-file them for you.
Think of tax planning as a financial compass and our business as trying to point you north. If conditions change, you’ll have a real-time analysis of multiple scenarios and their impact on cash-flow, profitability, and headcount.
Tax planning can have some great benefits for any business, large or small. It involves evaluating the business’s current financial situation, estimating probable profit or loss for the next quarter, and drawing up strategies to minimize tax while maximizing the value of the business.
Save tax. The main objective of tax planning is to reduce the amount of tax your business pays by maximizing its deductibles.
More to invest – By knowing your tax liabilities, you can reinvest funds that would otherwise have been earmarked for tax back into your business.
Strategies – Tax planning is a great opportunity to look at the options open to your business and fine-tune its strategies in all areas while we’re analyzing its data carefully.
Start early – The earlier in the financial year that you start, the more strategies that you can put in place to maximize the effects of your tax planning.
Get a head start – For those businesses operating from a trust, tax planning provides a close estimate of the trust distribution minutes well ahead of time, saving you from needing to rush to make a decision.
Get confident – Working through our process of tax planning allows business owners to increase their knowledge about compliance and how it works, learn strategies for minimizing tax, and take a more hands-on role in the overall management of their business.
See the big picture – Tax planning provides some great insights into a business that allow its owners to assess the larger situation: whether the structure of the business needs to change; understand where operations are occurring; get a sense of the potential profit areas currently untapped or underexplored; find new investment options and decide how best to structure those investments.
Superannuation optimization – Tax planning offers a chance to look at your superannuation strategies and make them as effective as possible, with a range of options like salary sacrificing to super and self-managed super funds to consider.
Peace of mind – Eliminate unnecessary stress and uncertainty by knowing just what your business’s tax liability will be and make business decisions from a firm, stable, factual base.
Utilize recent budget changes – Any applicable federal budget measures can be taken into consideration, as our agents have up-to-date tax knowledge. This ensures that your business can achieve the best possible tax outcome and that it does not miss out on any useful incentives available.