Nobody likes unpleasant surprises - especially when it comes to taxation.
There is a way that you can be on top of these issues and that is by doing some planning with us for these senarios. It may be a healthy profit for the year, or the sale of assets (especially the sale of a farm or residence) or even something as simple as needing a basis for a variation of the PAYG Instalment. Many times, there are ways of reducing the tax on a particular event by looking at the issues early enough.
For business managers the changes in rules from one year to the next can be confusing and costly. It is best to consult with a professional who keeps up to date with all the changes and knows the best way to minimise your tax liability.
The Farmers Accountant can develop a comprehensive tax plan specifically tailored for your operations, that also complies with current legislation. This ensures that you have an accurate forecast of tax liabilities and avoid overpaying tax. You will be glad you did!
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