We proactively monitor your profits and plan for your tax, it’s unfortunately unavoidable however it is something that can be minimised and used effectively can even provide long term benefits in future income years.
Every day GST effects your business, make sure your recording everything correctly, and taking advantage of the tricks and avoiding the traps to make sure it is simple and painless.
Capital Gains Tax
If you have bought or sold an asset, if your home is over 5 acres, there is capital gains tax involved in the sale. How much you pay is determined by your income, there is no separate CGT tax rate. It is your marginal tax rate. But there are a number of discounts and rollovers that can be available to make sure you can reduce how much you need to pay.