2015 Tax Planning Starts now!
There’s 3 key things that all business owners MUST consider. The Tax, Business Improvement and Wealth Creations teams at MP+ will work with you to deliver significant results. Please read on!
30 June is not far away. It’s not a long time at all. Let’s use all of this time to effectively minimise your tax, review the performance of your business and create greater financial security for you and your family.
When it comes to tax planning time (1 April to 30 June), too often we end up suffering because we have procrastinated. If we all leave your tax planning until the end of May and early June, quite frankly there may not be enough time to do anything significant to legally reduce your tax.
Our unique 3 pronged approach.
The Tax, Business Improvement and Wealth Creations teams at MP+ will work with you to deliver significant results. You may have worked with one or even two of our specialist divisions before, but now you have the opportunity for each of our specialist teams to work together for you under one fixed price to:
1. Legally minimise your tax liability delivering significant savings, identify the cash flow benefits and provide you certainty for the next 12 months. You can relax knowing that you have explored all of the current opportunities that exist within the complex tax legislation and framework including the opportunities that will flow from the Federal Budget.
2. Review of your business performance and the financial results you have achieved for the 9 months to 31st March. We’ll detail statistics on your key business drivers that impact your current performance PLUS identify areas to significantly improve your profitability and the long term value of you business.
3. Analysis by our Wealth Creation team who will take the information from the Tax and Business Improvement teams and review your options to build your financial security and identify all of the risks – both business and personal to protect your valued assets. They will provide many options and strategies to to grow your assets and provide you an opportunity to tax effectively build your wealth. You’ll be amazed at the “Debt Recycling” strategies; Pay off your home loan sooner, minimise non deductible debt and maximise tax deductible debt.
How the process works.
First of all, we request from you details of your expected income and business profits for the financial year (1 July to 30 June). This includes all wages / employment income, interest and dividends and rental income received business profits / losses, and any capital gains / losses you expect to make.
Based on this information, we estimate your taxable income and your tax payable BEFORE any tax planning strategies.
Second, we discuss all of your tax planning options. Some of these may be things to do in your business, and some of these may be investment / wealth creation options.
Third, we provide you with a report that explains in plain English the tax planning strategies we recommend and exactly how much tax you will save, cash flow implications and the timing – so that you have certainty.
Fourth, we will provide key statistics on the main drivers of your profit and the performance of your businesses as it is now then provide you with some options to improve the profitability and value under a variety of sale conditions.
Fifth, we will review your current financial position and let you know how much you will need in order to be financially secure based on your objectives and lifestyle. Once we have identified “the gap”, we will provide multiple tax effective options to bridge the gap within your desired time frame.
And finally, we provide you with an easy-to-follow Action Plan to ensure that both you and we can do everything that needs to be actioned before 30 June.
Here’s what our clients say;
“I’ve been using the McKinley Plowman tax planning service every year since I started my business. The tax savings covers the cost many times over.” Mark.
“McKinley Plowman’s tax planning service gives me peace of mind, I know exactly what my tax position will be 12 months before it’s payable. I also get to see my year to date results in real time and get advice to improve the results.” Russell.
Get started now – Click here to download our 2016 Tax Planning Checklist which details all the information we need.
Once we receive your information we will email you a fixed price quote to approve before we start working on your plan.
Don’t leave it too late this year!
Thinking about becoming a client?
Book your free, no obligation consultation right now at either our Joondalup or Perth Office via our online booking system or get in touch to find out more.
Already a client and want to get in touch?
Send us an email via our enquiry form or give us a call today.