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Tax Planning

Looking to save money with tax planning? GBS’ tax advisors can assist you to minimise your tax. Providing you with advice that is tailored to your individual or business goals and requirements, your tax advisor will develop a plan that puts you in the best possible financial position.

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Minimise the Tax You Pay

There are a number of ways businesses and individuals can legally reduce the amount of tax they pay, whilst still complying with ATO requirements. GBS’ expert tax advisors will:

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  • Develop a plan to minimise your tax

  • Identify potential areas of tax savings

  • Proactively communicate and provide you with financial advice

  • Work with you to better achieve your short and long-term goals

  • Keep you up-to-date with any taxation changes and developments

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Our Full Range of Taxation Services

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We work closely with businesses and individuals to maximise their tax deductions. Our skilled tax consultants can help you with:

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  • Payroll Tax

  • Tax Returns

  • PAYG Compliance

  • BAS

  • ASIC Compliance

  • Tax Planning

  • Year-End Tax Strategies

  • Tax-Effective Structuring

Tax Planning Strategies for Businesses

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An effective tax planning strategy focuses on three key areas, which are: reducing your income, increasing your deductions and using the lower tax rates. For businesses your strategies may include:

  • Reduction in Company Tax Rates

  • Accelerated Depreciation

  • Defer Investment Income and Capital Gains

  • Maximise Deductions

  • Write Off Bad Debts

  • Reduction in Company Tax Rates

  • Accelerated Depreciation

  • Defer Investment Income and Capital Gains

  • Maximise Deductions

  • Write Off Bad Debts

  • Pay Employee Superannuation Now

  • Bring Forward Expenses

  • Private Company (Div 7A) Loans

  • Year-end Stock Take

Tax Advisors

We don’t only help to minimise your tax but also proactively provide you with financial and taxation advice aligned with your business and personal goals. Our award-winning accountants will take time to understand your current situation and where you want to be in the future. With us, you’ll gain a better understanding of your financial position and how your decisions can impact the amount of tax you pay. 

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Tax Planning Season

Tax planning usually takes place from April to June – and it’s a time when your accountant will spend time poring over the last nine months of your financial affairs and strategises the management of your tax obligations. Accountants will ideally get together with you and discuss the year that’s been.  If your income has increased or decreased in the last financial year, your tax bill will be affected. GBS’ Tax Advisors will also incorporate any budgetary changes into tax planning for you and/or your business, maximising your wealth.

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