• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Shuriken Consulting

beyond the numbers

  • Pay your Bill
  • Tax Calculator
  • Contact Us
  • Services
    • Setup
    • Company Setup
    • Education
    • Finance
    • Insurance
    • Compliance
    • Bookkeeping
    • Tax and Accounting
    • Cloud Accounting
    • SMSF
    • Growth
    • Advice
    • Business Structure
    • Business Valuations
    • Wealth Team
  • Allied Health Hub
  • Shuriken Dojo
  • Tools
    • Pay your Bill
    • Tax Calculator
  • About
    • Privacy
  • Contact Us
    • Sydney CBD
    • Hornsby
    • Dural
    • Manly

Andrew Jeffers CEO / February 24, 2020

Are You Paying Too Much Tax?

Paying tax is an inevitable part of doing business.
The more your income grows, the more tax you’re liable to pay. You’re rewarded for your success with a bigger tax bill.

While we don’t want our clients to avoid paying tax or evade the tax department. We do want our clients to only pay the amount of tax they’re legally liable for.

Many business owners don’t understand the tax deductions and other benefits available to them.
We want to help you arrange your financial affairs to you can minimise your tax and pay only what you should. Tax legislation is constantly changing. Our team are up to date with any changes and understands how changes can affect our clients.

Changes to your personal circumstances can also affect how much tax you need to pay. There could be a better way to structure your affairs, so you pay less tax.

Some examples of areas where you could save tax include:

  • Vehicle ownership
  • Home office expenses
  • Entertainment
  • Employee benefits
  • Loan refinancing
  • Family income allocation

We can assessment of your tax situation.

We can review your financial reports and identifying potential tax saving opportunities in your business to determine the most appropriate tax structure for your circumstances. We can also advise on the financial implications of your current and planned arrangements.

We won’t just make recommendations; we’ll ensure you understand your tax obligations and give you peace of mind that you’re compliant with all tax legislation.

Knowing exactly how much tax you’ll have to pay means you can set aside the right amount of money on a regular basis, so you’re prepared for the bill and won’t incur penalties or interest.

“The only thing that hurts more than paying an income tax is not having to pay an income tax.” – Thomas Dewar

 

Contact Shuriken Consulting

Filed Under: Business, Business Planning, Wealth Management Tagged With: Business Growth, Business Planning, Cash Flow, Growth, Recruitment, Strategy, Wealth Management

Primary Sidebar

Recent Posts

  • Selling Your Allied Health Practice: The Complete Financial Guide to Maximising Your Exit
  • NDIS Audit Readiness for Allied Health Practices: What You Actually Need
  • Support at Home for Allied Health Providers: The Financial and Tax Guide
  • Allied Health Workforce: The Recruitment and Retention Cost Most Practice Owners Underestimate
  • The NDIS Functional Capacity Assessment Problem — What Practice Owners Need to Know

B1G1

“Imagine if every time you made a step forward in your business, it had an unimaginable impact on the lives of others…”

Footer

Services

  • Company Setup
  • Education
  • Finance
  • Insurance
  • Bookkeeping
  • Tax and Accounting
  • Cloud Accounting
  • SMSF
  • Advice
  • Business Structure
  • Business Valuations
  • Digital Marketing
  • Shuriken International
  • Events

About Shuriken

Shuriken Advisory Group is Australia’s specialist commercial advisory firm for Allied Health practice owners — combining accounting, tax, NDIS advisory, financial planning and exit strategy under one roof.

We work with physiotherapists, occupational therapists, psychologists, speech pathologists, podiatrists, exercise physiologists, dietitians, chiropractors, osteopaths and NDIS providers across Australia.

Learn More About Shuriken

NSW Business Chamber Member

Contact Us

Sydney CBD

T: 1300 886 066 or (02) 9114 8544

Hornsby

T: (02) 9485 3400

Dural

T: (02) 9651 2288

Endorsal

  • News
  • Events
  • FAQs
  • Contact Us
Terms of Use Privacy Policy Disclaimer