Australia is widely considered to have one of the most complex taxation systems in the world, often described as high in complexity and low on fairness when compared to other developed nations.
When preparing, individual tax returns we not only prepare and lodge your return but also offer strategies to maximise your refund for the following year.
For business owners paying taxes is a part of any successful business, however with the correct structure and planning, your taxation burden can be legally reduced. There are various business structures including, partnerships, companies, family trusts and self-managed superfunds that can be utilised depending on your personal circumstances that can materially change your taxation outcome.
As a business owner, irrespective of the size of your business, decisions need to be made that will ultimately have a taxation consequence. As a business owner, you should be reviewing your taxation position early and often during the financial year to ensure that your taxation bill is minimised with the tax office.
We are highly trained specialists in taxation and take pride in ensuring that our clients are achieving the best possible taxation outcome at tax time. If you feel like you are paying too much tax get in touch with the tax specialists at Zannettou & Co Chartered Accountants.