Year-End Tax Planning Strategies is the arrangement of taxpayer’s affairs or structuring of transactions which give rise to the minimum tax liability within the law without resorting to tax avoidance arrangement. Traditional year-end tax planning strategies involves timing advantages such as bringing forward proposed tax deductible expenditure (e.g., by undertaken deductible repairs or prepaying certain expenses in the current income year rather than in the later year, or deferring the recognition of assessable income to a later income year (if Possible).
Now is the time to act and focus on your tax and financial planning in order to minimise tax, reduce risk, and be prepared financially for the year ahead. With the end of tax year nearing, this is the time where your Lee + Lee Partner meets with you, having considered what your position with respect to taxation looks like leading to the end of the financial year.
How can tax planning assist you and your family?
- Minimise your tax payable by effectively planning
- Eliminate your tax payable by taking action ahead of time
- Ensure you have sufficient funds are available when tax is due
- Use your tax savings to pay off your home
- Helping you with superannuation for your retirement
Susan Flux, Brisbane
Since that time I known Tony and his team at Lee and Lee, they have provided me with outstanding advice and services regarding my personal, family and especially my SMSF borrowing setup for wealth creation and tax reduction strategies that have since led to financial independence.
I now very clear and feel confident on my future financial goals and taxation strategies and know they can be achieved with Tony’s expert and professional help.
Shukri Barbara, Property Tax Specialists Sydney
Tony’s understanding of the business and tax environments, together with his experience and can do attitude enables him to deliver creative solutions outside the square as much as inside, A positive thinker I find Tony inspiring, guiding clients and associates to a prosperity mindset.
Tony has impressed me with his technical knowledge and execution. He works with honesty and integrity and is generous in his dealings.
John Mu, Internet Marketing Strategist Gold Coast
Tony Lee and his team at Lee & Lee is without a doubt Australia’s number one accounting firm.
Tony has the strategies which are helping me legally minimise tax. He has helped me in my personal development and wealth creation to build a multimillion dollar property portfolio.