Good tax advice and efficient tax return preparation is the foundation of most accounting relationships.

Good tax services are made up of:

1. Good structural choices made early in a business' life. This means understanding the pros and cons of operating as:

• a sole trader;
• a partnership;
• a company;
• a trust, or
• a well thought out combination of the above. With a self managed superannuation fund too, if appropriate to your situation.

 

2. Regular tax services during the business life. This covers:

• Helping to maximising your legal tax deductions;
• Optimising your legal profit allocations;
• Lodging BAS and tax returns on time, to present an efficient profile to the Australian Taxation Office;
• Helping you meet your tax and super obligations to your staff
• Good planning before you sell your business. Tax laws operate such that planning should start at least four years before you sell, to maximise the tax benefits when you exit - the later you leave the planning, the less choices you may have.

At Blackburn ' Prior we have a highly skilled team in both our Lismore and Ballina offices who can ensure your taxation needs are meet.

Please contact:

• Megan Dirou in our Ballina Office;
• Peter Brown & Amanda Bryant in our Lismore office or
• Partners Andrew Lowrey, William Ford & Megan Dirou