Technical work,
explained plainly.

Effective tax planning is not limited to preparing an annual tax return. It requires an understanding of the business, its ownership structure, cash flow, future plans and the personal circumstances of its owners.

I assist small businesses with identifying legitimate tax-planning opportunities, managing tax obligations and preparing for future transactions. My advice may cover business structures, remuneration strategies, trust distributions, superannuation contributions, asset purchases, timing of income and expenses, shareholder loans and other matters relevant to the business and its owners.

Selecting the appropriate structure can significantly affect taxation, asset protection, administration, succession planning and the ability to introduce new owners or sell the business.

I advise clients on the taxation implications of operating through sole trader, partnership, trust and company structures. I also assist established businesses with restructures, including reviewing available CGT rollovers and other tax concessions.

Every restructure must be considered carefully. I assess both the immediate tax consequences and the longer-term commercial benefits before recommending a course of action.

The small business CGT concessions may substantially reduce or eliminate a capital gain arising from the disposal of an eligible business or business asset. However, these provisions are highly technical and require detailed eligibility testing.

I also consider how the concessions interact with the general CGT discount, company and trust structures, superannuation contributions and the client's broader succession or retirement plans.

I prepare detailed capital gains tax calculations and provide advice regarding the sale or transfer of a wide range of assets.

My review may include the acquisition cost, incidental costs, capital improvements, ownership history, depreciation adjustments, available capital losses, CGT discounts, exemptions and small business concessions.

Division 7A is a complex area that can cause loans, payments or benefits provided by a private company to shareholders or their associates to be treated as unfranked dividends.

My objective is to identify potential problems early and help clients maintain appropriate documentation and repayment arrangements.

I assist employers with identifying, calculating and reporting fringe benefits provided to employees and their associates.

I also help clients distinguish between business expenditure, employee benefits, private expenses and shareholder loans so that transactions receive the correct accounting and tax treatment.

In addition to specialised advisory work, I provide ongoing taxation and accounting services across individuals, companies, trusts and SMSFs.