Proactive tax efficiency and asset protection advice for successful business owners.
Protect your personal assets from professional and business risk and ensure your tax structuring reduces your annual tax liabilities as much as possible.
Recent Client Advice Success Stories
Retained Earnings and How to Access Them
We recently assisted a successful Allied Health business operator by reviewing their business structure to see the most efficient ways to distribute retained profits. Through our investigative review process we not only worked how to reduce the tax on paying out the profits ($13,000 tax saving on an $80,000 Franked Dividend payment) but also greatly improved the protection of their personal assets and the operational risks relating to their existing business structuring.
We ask the "what if" questions - like "what if you as the sole director was unable to act due to a health situation".
Capital Gains Income and Tax Management
We have a long term client that through the benefits of the discretionary trust structures we advised them to set up for property investment many years ago were able to minimise the tax payable on the capital gain proceeds from selling one of their investment properties. With an assessable capital gain of about $75,000 we were able to reduce the overall tax impost by our client being able to access the Excess Carry Forward Concessional Super Contributions Limit option available from 1 July 2018. As they hadn't contributed any concessional contributions for the last three years it meant they could contribute the full $75,000 assessable gain to superannuation. This means they get a $75,000 tax deduction and the $75,000 contribution is only taxed at 15% in the super fund. The overall tax saving was about $26,000. This means they had an extra $26,000 to invest for future income.
REASONS TO CHOOSE
TAX ADVISORY STRATEGISTS
Independent, professional advice that can help you make informed decisions that can help you to accumulate assets and investments in a protected and tax efficient manner.
• Qualified professional advisors
• 20+ Years of experience in Tax, Accounting and related advice and service provision
• Advice that is structured to suit your individual situation
Advice on how to link asset protection structures with income tax efficiency. Ensure that structures properly link to each other to provide for tax efficient accumulation of assets and investments.
TAX PLANNING AND COMPLIANCE
WHO WE WORK WITH
We collaborate with you and liaise with other professional advisors to ensure that the need for you to repeat the information provision process is minimised.
This may include services to prepare legal structuring documents, personal and business risk insurers, and other related services.
Examples of the type of clients we assist are registered engineers, registered medical professionals, registered architects, registered insolvency practitioners, directors of private companies (no matter what industry) and various small business owners making profits and experiencing high tax issues.
WHAT IS IN IT FOR YOU
By engaging our services you benefit in a number of ways:
The graph below highlights the different taxation of $100 dependent on the way you own your investment and your level of income if personally owned. When you receive the benefit of tax savings by using the more appropriate ownership structure the compound affect of these extra cash you have to invest greatly improves you wealth accumulation.
PROFESSIONAL TAXATION SOLUTIONS
Tax Advisory Strategists Pty Ltd is a Registered Tax Agent - 26017448