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Tax Strategies

Tax Strategy Disclaimer

The content of these Tax Strategies is general information only. It is not and is not intended to be taxation, accounting, business, financial, legal or other professional advice and should not be acted or relied upon as such. Specific professional advice should be sought in respect of particular circumstances and requirements, as the information in these Tax Strategies may not be suitable or applicable to particular circumstances and should not be acted or relied upon. The authors have used reasonable endeavours to ensure that the content is correct and current but do not guarantee that it is correct or current and will not be liable or responsible if it is not. In no event will the authors or any related entity of those persons, or any of their directors, principals, agents, employees or representatives, be liable for any loss, damage, costs or expense (whether direct or consequential) incurred as a result of or arising out of or in connection with this content included in it in whole or in part including but not limited to any error, omission or misrepresentation. The authors also disclaim all representations and warranties, including but not limited to, warranties as to the quality, accuracy or completeness of the information of whatsoever nature and warranties of fitness for a particular purpose.

Tax Savings Strategy 209 | Excess Concessional Super Contributions

This strategy involves employees with large employment income salary sacrificing part of their wages into excess concessional super contributions. 

Tax Savings Strategy 208 | Trust Cloning Using the SBRR

Trust cloning involves setting up a trust (the 'cloned trust') with the same terms and beneficiaries of another trust (the 'original trust').

Tax Savings Strategy 207 | The Sole Trader Business Structure

The sole trader business structure involves the individual personally operating their business. A sole trader in Australia can earn $18,200 before starting to pay any tax.

Tax Savings Strategy 206 | Private Investment Companies

The benefits of using a private company to accumulate investments.

Tax Savings Strategy 205 | Company Shares Owned by Family Trust

This strategy involves having a company’s ordinary shares owned by a family trust structure (instead of the individual directors).
 

This strategy involves having a company’s ordinary shares owned by a family trust structure (instead of the individual directors).

Tax Savings Strategy 204 | Purchase Loss Company

This strategy involves purchasing a loss-making business and taking ownership of the company structure (to access the accumulated tax losses).
This strategy involves purchasing a loss-making business and taking ownership of the company structure (to access the accumulated tax losses).

Tax Savings Strategy 203 | Granny Flats

3 typical tax deductions for granny flats. Granny flats must be self-contained with their own kitchen, bathroom, and living space.

Tax Savings Strategy 199 | Migrant Language Training

Language training courses designed to teach English or explain Australian citizenship and lifestyle to a person who is, or intends to become, an immigrant of Australia are tax deductible to the employer and FBT exempt.

Tax Savings Strategy 202 | Uber Partners

This strategy is about using your private vehicle to operate an Uber business and make additional income (whilst at the same time making your private vehicle expenses tax deductible). 

Tax Savings Strategy 200 | $1,000 In-House Benefits

This strategy involves employee’s salary sacrificing $1,000 of wages income (which is taxable) for $1,000 of employer provided goods or services (which is tax free).

This strategy involves employee’s salary sacrificing $1,000 of wages income (which is taxable) for $1,000 of employer provided goods or services (which is tax free).