Here's How it Works
The Tax Planning Process
A detailed review your accounting file
Determine an accurate YTD profit of your business
Extrapolate the YTD profit of your business to 30 June 2023
Estimate the 2023 taxable income of shareholders, directors & principals
Estimate the amount of tax payable for 2023 and the amounts and timing of tax instalments for the 2024 year
Determine the optimum mix of gross salary (and corresponding PAYG withholding) and superannuation contributions to be paid this year
Consideration of tax planning initiatives and strategies that may be undertaken to minimise 2023 and 2024 tax
Identification of any problematic issues that the business is facing which may require us to work through with you later in a separate engagement
What you need to do
Secure your spot
Confirm you would like to proceed with a tax planning review.
Note: We require 4 weeks from your March BAS being completed to prepare your documents.
Complete questionnaire and return
Set aside some time to complete the questionnaire and return to our office asap. This will ensure you get the most out of the tax planning review and all issues important to you are considered as part of our recommended strategies.
Update your accounting file
Ensure your MYOB/Quickbooks file is completely reconciled up to the period of review.
Meeting to discuss review
We look forward to meeting with you in person or via zoom to discuss your results, estimated tax and our recommended tax planning and business strategies.
You will be all set for a successful 2023/2024 knowing you have a revised plan, pricing and goals all in place.