The Importance of Tax Planning | Connole Carlisle

The Importance of Tax Planning

//The Importance of Tax Planning

The Importance of Tax Planning

2018-12-13T09:57:19+00:00 March 17th, 2018|

As we approach 31 March, it is important that business owners begin to look at strategies to optimise their year end tax position. We believe that the best way to achieve this, is by having tax planning undertaken.

What is tax planning?

Tax planning is the art of reducing your taxable income in the most tax-effective and legal manner possible. This involves looking at the financial performance of your business for the year to date and extrapolating the results to the end of the financial year, with a view to estimating the likely profit for the financial year. We then meet with you and discuss tax optimisation strategies to implement in your business prior to 30 June. By implementing the suggested strategies, you’ll find that you and/or your business will achieve the best tax and cash flow outcomes.

We can help with tax planning

Our team has a wealth of experience with tax planning and can help you achieve the best possible end-of-year result for your business. Contact us now to arrange a meeting with one of our tax professionals and see what difference we can make to your 2018 financial year tax outcome.