Are you minimizing the tax you are paying?
At Ashby Madden Truman we specialise in review and advice on all aspects of income tax planning for farmers, medical professionals and small business, including review of business structures (partnerships, trusts, companies and super funds).
Differential tax rates applicable to various levels and sources of income, offer many opportunities for business and family tax planning. We maximise utilisation of tax offsets such as senior Australian tax offset and low income tax offset, children’s tax rates, zero tax on some superannuation pensions and income etc.
Effective planning and the application of tax minimising strategies can provide significant savings in Stamp Duty, CGT, FBT, FTC and GST as well as income tax.
For example, there are substantial CGT exemptions on transfers of business assets by small business, and stamp duty can also be avoided on intergenerational property transfers.
We can assist you in all advisory, technical and administrative aspects of taxation including GST.
At Ashby Madden Truman the tax we save often far exceeds our fee.