Tax Planning & More

How to avoid the 45% tax rate?

Did you know that income remaining in a trust is taxed at 45%? It is imperative that any trust income is correctly allocated before 30 June 2015 to avoid horrible tax outcomes. To achieve the best outcome you should:

  1. understand your tax position for the year ended 30 June 2015
  2. prepare an effective tax plan for the remainder of this tax year
  3. review your trust deed
  4. prepare compliant minutes and resolutions before 30 June 2015

It takes considerable experience to undertake these steps so professional advice is highly recommended. Please contact our office for further details.

Tax planning

The end of the financial year is fast approaching. Please contact our offices if you are interested in tax planning. Tax planning includes but is not limited to:

  • Deferring assessable income
  • Accelerating deductions
  • Capital Gains Tax
  • Debt & Equity implications
  • Salary sacrificing
  • Low income tax offsets
  • Superannuation
  • Non commercial losses
  • Trust distribution calculations and resolutions
  • Unpaid present entitlements
  • Closely held trust measures
  • Family trust elections
  • Losses
  • Division 7A
  • Declaring dividends
  • Fringe Benefits Tax
  • Research & Development grants
  • Any other special circumstances you have had during the year

Contact our offices to discuss your tax position and end of year strategy.


This newsletter includes the following interesting articles:

  • Treating employees as contractors
  • Director penalty regime update
  • Using the superannuation clearing house
  • Meeting your super obligations
  • Winding down your business
  • Getting your GST right
  • Guide to successful borrowing
  • Offering employees non-cash benefits





Get Your FREE Business Health Check

Complete the details below to receive a free sample report regarding the health of your business.




Leave a Reply

Your email address will not be published. Required fields are marked *