Providing taxation advice with excellence for more than 50 years

Taxation

Fehons Taxation Services

  • Tax Returns
  • Fringe Benefits Tax (FBT)
  • Land Tax
  • Capital Gains Tax
  • Quarterly Tax Services
    • Preparation and lodgement of Business Activity Statement
    • PAYG withholding and Installment if applicable
  • Year-End Tax Services
    • Preparation and lodgement of Company Tax Return including Financial Statements
    • Preparation and lodgement of Individual Tax Return
  • Taxation consulting
  • Taxation planning
  • Structuring

Our approach to Taxation consulting and planning

Taxation is one of the areas of our expertise. We know how important it is for you to have the appropriate tax advice. We answer your questions in a timely manner with a sensible response.

For new clients our approach starts with an initial meeting free of charge. This is an opportunity to discuss and review your structure and answer any questions you may have.

If you are an existing client you will receive regular monitoring. For medium to large businesses, monitoring includes a monthly visit from one of our Senior Accountants. For smaller businesses visits can be every 4 months. All businesses and individuals receive a strategy review at the End of Financial Year. Following the review, we suggest modification and we implement new tax planning initiatives if need be.

Examples of the tax issues we deal with

  • Change of business structure to take into account the new 28.5% tax rate for small businesses
  • How up-front tax breaks for investors work – Governments innovation plan
  • Property buyers withholding some of the purchase proceeds from a sale of property
  • GST on the purchase of property
  • How to treat a Division 7A loan from your business
  • Tax effective way of financing children in higher education

Examples of tax planning

  • Income distribution to your wife, children and other family members
  • Maximum deductions
  • Asset purchases
  • Advice on salary sacrifice into superannuation
  • ‘Out of pocket’ contributions into superannuation

Structuring – Consultation on the benefits of each business structure

If you are interested in business structures, you will get advice on the benefits of each option. Depending on the type of your business, we will discuss with you the following:

  • Stand alone entity
  • Asset protection
  • Multiple ‘owners’
  • 28.5% tax rate*
  • Split income
 
  • Distribution of income to family embers
  • Asset protection
  • Capital gains discount available
  • Split income
  • Simple
  • Profit/(losses) distributed to partners
  • Split income
  • Lower cost whilst growing business
  • Simple
  • Full control
  • Unlimited liability

 

Ask for your free tax consultation