Year-end Tax Planning Opportunity

2021 is a very important year for tax implications.

We have always considered our role to be a silent financial partner in our clients’ businesses. Understanding the financial results, planning remedial actions and being abreast of potential tax liabilities is all part of the plan. Looking at and reviewing your results at this stage of the financial year can be a very important part in the planning process.

This financial year particularly has presented businesses with many challenges during COVID. The Government responses to COVID through their financial incentives and Job Keeper programs may also have a significant tax impact on your business this financial year. This can be from an increase to your assessable income and tax liabilities ranging to taking advantage of the special tax concessions offered by the Government for this year.

We are therefore recommending that our clients engage our assistance in preparing comprehensive interim financial reports.

Businesses who have used this service in the past have benefited from the ability to know their tax liabilities in advance and implement tax effective planning strategies to manage those outcomes.

If your business hasn’t had a preliminary interim financial report prepared before we recommend you consider engaging us to prepare one on your behalf. It is an inexpensive way for you to be fully across your likely tax position at year end and make appropriate plans with tax effective strategies. Don’t wait until it’s too late to act and find you get an unwelcome tax surprise.

What we will do

  1. We will provide an updated financial position as well as the tax implications for your business and communicate this to you in writing and if more convenient for you present this at a face to face meeting.
  2. It will be at an inexpensive fixed price which will be pre agreed with you and tailored exactly for your business.
  3. We will outline available tax planning strategies you may wish to consider ensuring that you are not paying more tax than you need to.

If you would like to take advantage of this offer please submit your request below and we will contact you directly to discuss.

MWL Financial Group

Tax Planning Contact

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