Tax Minimisation

Our financial planning advice is underpinned by our strong tax and accounting knowledge.  We feel this knowledge is crucial in providing our business clients’ superior financial advice.

We are not tax accountants or business advisers but believe we can add value to our business clients’ financial affairs.  We achieve this by providing tax advice ranging from the small business capital gains tax concessions to the taxation strategies embedded in our business succession planning and treasury function advice.

Small Business Capital Gains Tax Concessions

There are four small business concessions available to active business assets provided in the capital gains tax legislation.  They include:

  1. 15 year exemption
  2. 50% active asset reduction
  3. Retirement exemption
  4. Rollover relief concession

From a financial planning perspective it is imperative that:

  1. The creation of any business or asset owning structure be made bearing in mind the potential future sale;
  2. These concessions are able to be utilised when business assets are sold; and
  3. Throughout the ownership and operation of the business assets, the correct advice is obtained so the availability of the concessions upon ultimate sale are never jeopardised.

Examples of jeopardising the small business concessions

  • Not considering the small business capital gains tax concessions when choosing the structure for the business.
  • Diluting your ownership of the business to under the minimum threshold level.
  • The manner in which profits are distributed.
  • Failing to sell your business prior to you exceeding the maximum assets test threshold. 

" I am exceptionally happy with the quality of the advice and service that I continue to receive from Chris. I am impressed with his breadth of knowledge and expertise, and his ability to deliver it in a simple to understand manner. Chris is my first financial adviser and he has never given me a reason to look for an alternate. "

Jason Banks - State Manager Home Improvement Retailer