2022 Tax Planning Tips and Strategies
With the end of the 2022 financial year fast approaching, our annual tax planning strategies are provided for your consideration.
By engaging in one of our Tax Planning strategy sessions, we will be able to address future planning, tax effective strategies to minimise your end of year tax obligations and prepare for any tax liabilities ahead of time, cash flow management, superannuation contributions etc.
In the meantime, please click below to access some tax planning tips and strategies to ensure that you are in the best position come tax time.
Australian Taxation Office (ATO) and State Revenue Office (SRO) Audit Activity
The Australian Taxation Office (ATO) and other State and Federal Government revenue authorities are constantly increasing their audit activities.
There has been an increased audit activity from the ATO, in relation to Work Related Expenses, Rental Property Expenses, Cryptocurrency and share transactions etc as well as an increased audit activity from the SRO in relation to Land Tax and Payroll Tax etc.
Auditing specific compliance issues, such as inclusion of grossed up fringe benefits, superannuation, director’s fees, management fees, grouping, contractors, employment agents, financial planners and employee share acquisition schemes etc.
We’re here to help
Please contact our office at info@alkfinancialgroup.com.au or on 03 9808 7377 to arrange a suitable time to meet with us to discuss your individual circumstances.
Click here to download our 2022 Tax Planning Tips and Strategies checklist.
Disclaimer
This information is provided by Arthur Kyriacou & Co. for educational purposes. It does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. While all care has been taken in the preparation of this material, no warranty is given in respect of the information provided and accordingly neither Arthur Kyriacou & Co nor its related entities, employees or agents shall be liable on any ground whatsoever with respect to decisions or actions taken as a result of you acting upon such information.