Tax: Love it or hate it?

By Michael Franco

Accountants live and breathe the implications, ramifications and even the occasional benefit the tax system offers up every day. It is our job to achieve the most

beneficial tax position for each client. However, to the general public, lodging a tax return is nothing but an annoying chore that must be completed at the end of every financial year. In spite of this, by the time you even think about sending in your tax information, in reality it’s TOO LATE. How do we as a profession get the community excited about tax to increase their disposable income?

How can this be achieved?

The answer is tax planning. More than ever, it is imperative to be on the front foot. Now is the time to gather all your relevant documentation, and have your business accounts up to date to take full advantage of the benefits your local tax adviser can provide before June 30.

I’m sure everyone would love some extra cash to buy a new pair of shoes, grab that new set of golf clubs or even take a holiday….

The team at Hansens can turn these dreams into reality.  We can provide advice and develop strategies to maximise tax refunds for your everyday employee who works from 9am till 5pm.  We can also minimise the tax expense for all business owners, helping you spend your cash more effectively so you can grow and improve your business. Did you know that small businesses are able to receive an accelerated initial deduction of $5,000 for any motor vehicle purchase? And claim an immediate deduction forassets costing less than $6,500?

Let’s face it, no one likes to pay the tax man….

So, make sure you give our friendly accountants a call before it’s TOO LATE….

 

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