Tax Planning
How can I keep more money in my pocket come tax time?
Tax time is a great chance for businesses and families to look at their expected incomes for the current financial year and future income years.
With consideration to both of these factors, Mulcahy & Co can look to legally minimise your tax position, bringing more money into your pocket and less to the tax man.
Ben Hutchesson from the Geelong/Melbourne office says there are a host of options you can look at to assist this.
“Reviewing debtors, stock levels, super payments, there’s a host of options that we do have to help reduce your taxable income and also give you an idea of what your tax exposures are going to be coming up,” he said.
Tax planning isn’t just about reducing tax however, it’s also about looking for opportunities to grow your family and business wealth and look to achieve your financial goals and security.
Mulcahy & Co has introduced FS360, a holistic approach to help clients achieve and maintain financial security. This system helps to make sure that items like your I.T. is secure, your marketing is working effectively, wills and business efficiencies are in place, achieve your future retirement, business and personal goals. The team at Mulcahy & Co have multiple opportunities to be able to help you achieve those goals.
You have the added benefit of going down this path and knowing that you are in the best place to become financially secure.
For advice on tax planning, contact Ben or any of our accounting staff at Mulcahy & Co.
- By Ollie Nash
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