Financial hardship is an incredibly stressful event. In some cases, your tax debt can be traced back to you personally, exposing your personal assets like the family home. There's no escaping paying taxes, but paying more than you need to can erode the gains your financial plan is making.
We look for win/win tax solutions for you and the tax office to fix your tax debt so that your financial health recovers and can be restored.
Successful tax planning strategies centre around three themes: reducing income, increasing deductions and utilisation of the lower tax rates available. It involves looking at all elements of your financial arrangements to see where there are opportunities to improve your position, from ensuring you claim all of your entitlements, to personal superannuation contributions and paying for income insurance personally.