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Income Tax

Business Compliance | Income Tax | Other Taxes

 

Anyone who pays a cent more tax than they legally need to needs their head read, Kerry Packer.

 

We work in a country that allows us to build wealth through the taxation system. Two obvious examples are salary sacrificing and negative gearing. There are also many lesser known, non traditional options, such as one off taxation concessions granted by the Taxation Office.

 

We know them all, but it is important to understand that no single method is universally beneficial; nor is there any method that suits all economic circumstances. Negative gearing accelerates asset growth, and therefore adds value, but only in a growing market. It can just as quickly accelerate loss in a contracting market.

 

That is why we approach tax planning as an ongoing process, rather than an annual event.

  • We start reviewing our clients' taxation positions a year ahead of the current financial year.
  • We analyse all the available legitimate tax minimization methods and products against the broader context of prevailing economic conditions and trends.
  • We can ensure taxation and investment strategies are strategically co-ordinated for optimal results.

Whether your taxation requirements are currently basic, or involve complex issues around property or share investments, having your income taxation professionally managed by Grimsey means:

  • Legislative compliance is assured.
  • Every possible cent will be extracted back from government coffers and into your pocket - where it can work for you, not Consolidated Revenue!

Taxation services are often the initial reason new clients approach us. We see this as an opportunity to begin coaching and guiding you on the path to wealth creation and financial security.

 

So we take it upon ourselves, as part of our service and at no additional cost to you, to discuss your personal and professional financial affairs fully, from your family situation, to your career aspirations, to your short and long term financial goals, to superannuation and retirement planning.