Find opportunities that could help reduce your tax exposure

With 30 June on the horizon, now’s the time to start your tax planning. To help with your preparations, download our tax planning guides to assist in understanding your tax affairs.

Tax tips for 2015/16

Primary Producers

Consider whether you’re eligible to claim a deduction for Farm Management Deposits and accelerated depreciation rules for primary producers including claiming an immediate deduction for expenditure on fences and “water facilities” in the 2016 income year.

year-end-tax-planning-2016-primary-producers

Individuals

Consider whether you’re maximising your allowable deductions and keep detailed records to manage work related motor vehicle expense deductions.

year-end-tax-planning-2016-individuals

Business and Investors

From 1 July 2015 the income tax rate of a small business company (that is a company with an aggregated turnover of less than $2million) is reduced by 1.5% to 28.5%.
Consider timing of income and consider up-and-coming liabilities and the value in incurring them before year end to maximise allowable deductions.

year-end-tax-planning-2016-business-investors

Why Crowe Horwath for your tax preparation?

Crowe Horwath’s tax specialists live and breathe complex tax issues, and take pride in delivering relevant and valuable tax advice.

This, combined with both our huge investment in training and our access to the best tax minds across our extensive network throughout Australia, New Zealand and our global affiliation with Crowe Horwath International, means that you can rely on us to give you the right advice at the right time across a broad spectrum of issues and transactions including:

  • endorsement for charity tax concessions (e.g. income tax exemption, DGR status)
  • structuring advice
  • GST and FBT advice
  • PAYG withholding obligations
  • superannuation obligations
  • FBT advice
  • transactional advice
  • tax deferral strategies
  • tax minimisation strategies (risk management)
  • merger and acquisition transaction structuring
  • tax effective exit strategies
  • structuring and restructuring investment and business operations
  • remuneration planning and salary packaging (including employee share plans)
  • implementing and operating in the tax consolidation regime