April, 2013 - Tax Planning Starts Now!
There's five key things that all business owners MUST consider RIGHT NOW. Two of them are brilliant wealth creation ideas. Please read on!
30 June is only 13 weeks after the beginning of April. It's not a long time at all.
Too often, we end up suffering because we have procrastinated and not made a positive decision to do something. If we all leave your tax planning until the end of May and early June, quite frankly there may not be enough time to do anything significant to legally reduce your tax.
So for 2013, our invitation to you is to START NOW with your tax planning.
5 Key Tax Planning Strategies
Over the next 5 weeks, we will send you one e-mail per week covering one of our 5 key tax planning strategies. These are:
1. Fringe Benefits Tax (FBT) - Avoid common traps, learn how to save $
2. General tax planning strategies - Key items that mean $ in your pocket
3. Trust Distribution Resolutions needed BEFORE 30 June 2013 - or pay up to 46.5% tax on trust profits
4. Big tax refunds for prepaid interest for a capital protected share portfolio (with NO cash required by 30 June)
5. Establish a Self Managed Super Fund (SMSF) - How to make it your family's wealth VAULT and legally pay NIL tax at retirement
So look out in your inbox over the next 5 weeks, and we'll outline in detail for you how to save $ and at the same time grow your family's wealth in a low risk manner.
How our Tax Planning Process works
First of all, we request from you details of your expected income and business profits for the 2013 financial year (1 July 2012 to 30 June 2013). This includes all wages / employment income, interest and dividends and rental income received, business profits / losses, and any capital gains / losses you expect to make.
Based on this information, we estimate your taxable income and your tax payable BEFORE any tax planning strategies. For example, we may calculate (based on your information) that you may have a taxable income of $200,000 for 2013. This would result in $66,547 tax and Medicare levy payable.
Secondly, we discuss all of your tax planning options. Some of these may be things to do in your business, and some of these may be investment / wealth creation options.
Third, we provide you with a report that explains in plain English the tax planning strategies we recommend and exactly how much tax you will save.
And finally, we provide you with an easy to follow Action Plan to ensure that both you and we can action everything that needs to be actioned before 30 June.
Contact us TODAY to get started!
Don't wait until June, start your tax planning for 2013.
And look out for our special e-mails over the next 5 weeks where we'll explain in detail how you can benefit from the above 5 key tax planning strategies!
Contact us on (02) 4647 4088 if further information is required.