Structures to Save Tax
The idea of tax planning
The idea of tax planning is to arrange your financial affairs so you ultimately end up owing as little in taxes as possible. You can do this in three basic ways: You can reduce your income, increase your deductions or take advantage of tax credits. These options aren’t mutually exclusive and at National Accounts we combine all 3 options to produce the best outcome for you. These strategies are we use to help a Clients achieve their financial and business goals.
- Corporate Tax – applicable “Tax Breaks” given by the ATO
- Trust Tax – Dividends / End of year planning
- Franking Credits – Paid by companies to their shareholders – a way to reduce or eliminate double taxation
- Distributing assets between you and your spouse