There will be many tax changes announced which may impact you after the recently released 2022 Federal Budget and upcoming Federal Election.
We would like to help you to reduce your tax in 2022 – allowing you to:
- Reduce your home loan or credit card debts
- Top up your Superannuation
- Save for a holiday
- Build a deposit for an Investment Property
- Pay for your children’s education
- Upgrade your Car
Tax Planning involves 2 key elements:
- Strategies to reduce your tax; and
- Planning for your upcoming tax payments over the next 12 months.
VALUE TO YOU (Benefit)
We can develop strategies to spread your income across your family group in the most tax effective way – and legally reduce your tax by forecasting your anticipated income and tax payable for the year ended 30 June 2022 for all individuals and entities in your family group.
THE PLAN (Work Involved)
To achieve this extra benefit for you, we will need to:
- Estimate the 2022 Taxable Income for all individuals and entities in your family group
- Estimate the initial 2022 Tax Payable for all individuals and entities
- Develop strategies to reduce your overall family group tax payable
- Advise you of tax reduction strategies for 2022
- Meet with you and answer any questions you may have about our tax reduction strategy advice
Depending on your circumstances this work could take a few hours or a few days..
Below is the plan we have developed to assist you over the next few months leading up to 30 June 2022:
April 2022
We’ll review your business profits and personal income for the 9 months to 31 March 2022, estimate your profits and personal income for the entire 2022 year, and develop initial tax planning strategies to reduce your tax for your entire business and personal group.
May 2022
In May we’ll prepare our Tax Plan Report for you, and have a face to face or an online video meeting to discuss our recommendations. We’ll outline the steps required to be actioned before 30 June 2022.
June 2022
We’ll contact you and ensure that all important actions have taken place to reduce your tax.
PRICE
Each clients situation is unique to them so please contact our office for a quote to prepare tax planning for your group.
Our Tax Saving and Tax Planning advice is entirely optional, but we strongly recommend it.
NEXT STEPS
Please reply to this email as soon as possible to let us know if you are interested in saving tax with our Tax Planning advice and assistance.
We look forward to receiving your instructions – and to reducing your tax in the 2022 year!
Below is general tax planning information for:
TP - TP6+7 COMBO - Guide - Minimise Your 2022 Personal & Business Tax