You have the right to organise your finances in a way that minimises your tax. This is often referred to as tax planning or tax effective investing. We have a team of accountants and tax specialists who create strategies around this for you, ensuring it aligns with your personal goals, wealth strategy and the law.
Head of Future Assist Accountants
Team Leader Accounting & SMSF
If you’re a high-income earner, have large employer super contributions or a combination of both, you may find yourself in the situation where you receive additional tax bills from the Australian Taxation Office after lodging your annual tax return. This is formally known as Excess Contributions Tax and Division 293 Tax Assessments. No one likes surprises from the Tax Office, Future Assist can help you plan your contributions for the coming year as well as provide advice on the options available to settle with the ATO.
Tax minimisation is using legal strategies to reduce your personal tax burden. On the other hand, tax avoidance is the use of illegal strategies or the non-disclosure of income that may have been earned from cash wages. Working in conjunction with our strategy team, we can model various investment strategies to help you grow your wealth, achieve your goals and minimise tax legitimately.