05 Advisory
Tax planning
A planning session before 30 June, so the decisions get made while there is still time to make them.
In April or May we estimate where your year is landing, then work through what can still be done about it: timing on equipment purchases and the instant write-off thresholds that apply, superannuation contributions and carry-forward caps, trust distribution resolutions, bad debts, prepayments and the small business concessions you qualify for. You leave with a short list of actions and dates, not a bill in October and a surprise.
What is included
- Estimate of the year's taxable position by early May
- Written list of actions with dates before 30 June
- Superannuation contribution and carry-forward review
- Trust distribution resolutions prepared before 30 June
- Instalment rates adjusted so next year does not sting
$550 to $1,650
the range covers a sole trader through to a company, trust and fund group; included in the small company and company and trust packages
Book a planning sessionor call (07) 5550 0080
02How it runs
Four steps, in this order
Typical turnaround: Half day, April to May. You are told which step we are on, without having to ask.
- 01 Estimate the year to date and project to 30 June
- 02 Model the options that are still open to you
- 03 Agree the actions and who does what by when
- 04 Confirm everything was done before the year ticks over
03Asked often
Before you ring
If your question is not here, it is probably on the FAQ page, and if it is not there either, ring and ask.
When is it too late to do tax planning?
For most levers, 30 June. Trust resolutions, super contributions and asset purchases all have to be done inside the financial year, which is why we run these sessions in April and May rather than at return time.
Will you tell me to buy a ute I do not need?
No. Spending a dollar to save thirty cents is still a dollar gone. We will tell you what a purchase you were already planning is worth after tax, and what the timing does to it.
Do I need this every year?
If your income moves around, yes. If you draw the same wage from the same company every year, a session every second year is usually enough and we will say so.
What people usually pair this with
07The first meeting
Start with the free meeting
Forty-five minutes, no charge, no obligation afterwards. Long enough for us to tell you what we would charge and whether we are the right fit. In the office, at your property or on the phone.
What to bring
- Last year's return and the notice of assessment
- Access to whatever bookkeeping file you already have
- Bank statements for any account the business uses
- A rough idea of what the business does and where it is going
- Anything you have been putting off opening
Or skip the form
(07) 5550 0080- Mon to Thu 8:30am to 5:00pm
- Fri 8:30am to 4:30pm
- Sat Closed, except by appointment from July to October
- Sun Closed
Leave a message and we return it the next business morning. Fixed-fee clients can book an evening or early-morning call through the client portal, which suits people who are on a job site or in a paddock during office hours.
Thanks, that is everything we need
Demonstration only. Nothing was sent and nothing was stored. On a live site this would reach hello@tabletopaccounting.com.au and a booking would be confirmed by phone.