SlideShare a Scribd company logo
1 of 3
Download to read offline
Tax Planning an Essential Tool to Ensure Compliance


Are you the owner of a business that has grown beyond your expectations and is
at risk of stalling because of a structure that no longer serves its purpose?
Perhaps you are an investor with multiple properties and interests, looking to
minimise the impact of taxation on your returns while still discharging your legal
tax responsibilities. You may be a taxpayer receiving a wage or salary who wants
to take advantage of wealth building opportunities, but needs help to understand
how that will affect the tax you will pay.

If any of that sounds like you, keep reading and you will be introduced to MSI
Taylor, Accountants and Business Advisors. This leader among accounting firms
has been providing tax and financial services to its clients since 1972 from their
Brisbane offices. With six working partners and a support staff of forty specialists
in their respective fields, MSI Taylor can help anyone understand how the
taxation system applies to their particular circumstance.

One of the key services MSI Taylor can provide to their clients is tax planning, a
crucial but often overlooked strategy that, if well executed within the boundaries
of the current legislation, can mean the difference between meeting their tax
obligations and being totally unprepared, scrambling for funds to pay an
unexpected tax debt. Having a strategy in place requires specialised knowledge of
taxation legislation, the ability to formulate action plans to put before the client,
and the skills to provide advice in clear terms to the client so they are able to
make a decision

MSI Taylor is not just another accountant Brisbane who knows the taxation laws
and are able to complete and lodge tax returns. They have the experience to
recommend courses of action that will lead to meeting tax compliance without
compromising future growth. Taxation planning requires a detailed knowledge of
the client’s business or situation, and an understanding of where the client wants
to be financially in the foreseeable future. By knowing the goal the client wants to
work towards, MSI Taylor can recommend a clear path towards that goal, and
milestones to be reached on the way such as, for example, a company restructure
or asset management or capital raising or even a merger.

“I had the opportunity to expand my business due to a large contract we won, but
we didn’t have a lot of our own capital to fund it. We were looking at raising
capital through a private investor, but we really didn’t know what the tax
implications would be. After meeting with a tax planning specialist from MSI
Taylor, we had a clear plan of action, and fully understood what was needed to
get the project up and running and still manage our tax obligations,” said Lee K.

Some business owners get into difficulty with the ATO by underestimating the
impact of taxes associated with their role as an employer. They generally have
pay-as-you-go tax under control, but often forget about fringe benefits tax,
payroll tax, compulsory superannuation guarantee and Workcover – all
obligations that must be met by any employer wanting to avoid compliance
issues. Advice on these issues is part of the service that MSI Taylor can provide
when they work on tax planning with a client. If these extra taxes are identified
and budgeted for, there is less likely to be a nasty surprise at end of financial year.

“As a new business owner with only a few staff, I thought I had everything
covered tax-wise, but I had little direct knowledge of FBT and it bit me big time.
Now, after getting together with the FBT guru at MSI Taylor, I know my liability
and how to report it every year. With a solid plan in place, I won’t get caught
again,” said Regis O’T.

Regardless of the size of your business, your investment portfolio or your salary,
you will benefit from engaging MSI Taylor to assist you with taxation planning. By
remaining compliant, keeping on top of changes to tax legislation and hitting
those milestones on your long-term journey, you can build a solid financial future,
and still meet your tax obligations.
http://www.msitaylor.com.au/

More Related Content

Viewers also liked

Lingua villosa nigra
Lingua villosa nigraLingua villosa nigra
Lingua villosa nigrakaitlyncampo
 
Assistive technologies in education
Assistive technologies in educationAssistive technologies in education
Assistive technologies in educationuarkgradstudent
 
Banking Law - Conclusive Evidence Clause in Malaysia
Banking Law - Conclusive Evidence Clause in MalaysiaBanking Law - Conclusive Evidence Clause in Malaysia
Banking Law - Conclusive Evidence Clause in MalaysiaAzri Nadiah
 
Parol Evidence Rule Contract Law Malaysia
Parol Evidence Rule Contract Law MalaysiaParol Evidence Rule Contract Law Malaysia
Parol Evidence Rule Contract Law MalaysiaAzri Nadiah
 
Squamous cell carcinoma disease
Squamous cell carcinoma diseaseSquamous cell carcinoma disease
Squamous cell carcinoma diseasePATELZARNA
 
Pheochromocytoma
PheochromocytomaPheochromocytoma
PheochromocytomaPATELZARNA
 
Creating a Family/ Personal Budget: Dollars & Sense! Presentation
Creating a Family/ Personal Budget: Dollars & Sense! PresentationCreating a Family/ Personal Budget: Dollars & Sense! Presentation
Creating a Family/ Personal Budget: Dollars & Sense! Presentationuarkgradstudent
 
Social networking presentation
Social networking presentationSocial networking presentation
Social networking presentationuarkgradstudent
 
ο αγιος γεωργιος ιωαννινων
ο αγιος γεωργιος ιωαννινωνο αγιος γεωργιος ιωαννινων
ο αγιος γεωργιος ιωαννινωνgymzosim
 
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...IJERD Editor
 
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...IJERD Editor
 
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...IJERD Editor
 
Bmd4 opdracht 4 deel 2
Bmd4 opdracht 4 deel 2Bmd4 opdracht 4 deel 2
Bmd4 opdracht 4 deel 2Bloos6
 
Succession planning - GT exit strategy Australia
Succession planning - GT exit strategy AustraliaSuccession planning - GT exit strategy Australia
Succession planning - GT exit strategy AustraliaGrant Thornton
 
מקורות טבעיים חשמל
מקורות טבעיים חשמלמקורות טבעיים חשמל
מקורות טבעיים חשמלsharonaahdbiuh
 
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...IJERD Editor
 
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...IJERD Editor
 

Viewers also liked (19)

Tutorials
TutorialsTutorials
Tutorials
 
Lingua villosa nigra
Lingua villosa nigraLingua villosa nigra
Lingua villosa nigra
 
Assistive technologies in education
Assistive technologies in educationAssistive technologies in education
Assistive technologies in education
 
Banking Law - Conclusive Evidence Clause in Malaysia
Banking Law - Conclusive Evidence Clause in MalaysiaBanking Law - Conclusive Evidence Clause in Malaysia
Banking Law - Conclusive Evidence Clause in Malaysia
 
Drill & practice
Drill & practiceDrill & practice
Drill & practice
 
Parol Evidence Rule Contract Law Malaysia
Parol Evidence Rule Contract Law MalaysiaParol Evidence Rule Contract Law Malaysia
Parol Evidence Rule Contract Law Malaysia
 
Squamous cell carcinoma disease
Squamous cell carcinoma diseaseSquamous cell carcinoma disease
Squamous cell carcinoma disease
 
Pheochromocytoma
PheochromocytomaPheochromocytoma
Pheochromocytoma
 
Creating a Family/ Personal Budget: Dollars & Sense! Presentation
Creating a Family/ Personal Budget: Dollars & Sense! PresentationCreating a Family/ Personal Budget: Dollars & Sense! Presentation
Creating a Family/ Personal Budget: Dollars & Sense! Presentation
 
Social networking presentation
Social networking presentationSocial networking presentation
Social networking presentation
 
ο αγιος γεωργιος ιωαννινων
ο αγιος γεωργιος ιωαννινωνο αγιος γεωργιος ιωαννινων
ο αγιος γεωργιος ιωαννινων
 
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
 
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
 
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
 
Bmd4 opdracht 4 deel 2
Bmd4 opdracht 4 deel 2Bmd4 opdracht 4 deel 2
Bmd4 opdracht 4 deel 2
 
Succession planning - GT exit strategy Australia
Succession planning - GT exit strategy AustraliaSuccession planning - GT exit strategy Australia
Succession planning - GT exit strategy Australia
 
מקורות טבעיים חשמל
מקורות טבעיים חשמלמקורות טבעיים חשמל
מקורות טבעיים חשמל
 
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
 
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
IJERD (www.ijerd.com) International Journal of Engineering Research and Devel...
 

Recently uploaded

M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.Aaiza Hassan
 
Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageMatteo Carbone
 
Monte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSMMonte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSMRavindra Nath Shukla
 
Eni 2024 1Q Results - 24.04.24 business.
Eni 2024 1Q Results - 24.04.24 business.Eni 2024 1Q Results - 24.04.24 business.
Eni 2024 1Q Results - 24.04.24 business.Eni
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurSuhani Kapoor
 
Call Girls in Gomti Nagar - 7388211116 - With room Service
Call Girls in Gomti Nagar - 7388211116  - With room ServiceCall Girls in Gomti Nagar - 7388211116  - With room Service
Call Girls in Gomti Nagar - 7388211116 - With room Servicediscovermytutordmt
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdfRenandantas16
 
Socio-economic-Impact-of-business-consumers-suppliers-and.pptx
Socio-economic-Impact-of-business-consumers-suppliers-and.pptxSocio-economic-Impact-of-business-consumers-suppliers-and.pptx
Socio-economic-Impact-of-business-consumers-suppliers-and.pptxtrishalcan8
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Neil Kimberley
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableDipal Arora
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communicationskarancommunications
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear RegressionRavindra Nath Shukla
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsApsara Of India
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMANIlamathiKannappan
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewasmakika9823
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...Paul Menig
 
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Lviv Startup Club
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Dipal Arora
 

Recently uploaded (20)

M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.
 
Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usage
 
KestrelPro Flyer Japan IT Week 2024 (English)
KestrelPro Flyer Japan IT Week 2024 (English)KestrelPro Flyer Japan IT Week 2024 (English)
KestrelPro Flyer Japan IT Week 2024 (English)
 
Monte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSMMonte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSM
 
Eni 2024 1Q Results - 24.04.24 business.
Eni 2024 1Q Results - 24.04.24 business.Eni 2024 1Q Results - 24.04.24 business.
Eni 2024 1Q Results - 24.04.24 business.
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
 
Call Girls in Gomti Nagar - 7388211116 - With room Service
Call Girls in Gomti Nagar - 7388211116  - With room ServiceCall Girls in Gomti Nagar - 7388211116  - With room Service
Call Girls in Gomti Nagar - 7388211116 - With room Service
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
 
Socio-economic-Impact-of-business-consumers-suppliers-and.pptx
Socio-economic-Impact-of-business-consumers-suppliers-and.pptxSocio-economic-Impact-of-business-consumers-suppliers-and.pptx
Socio-economic-Impact-of-business-consumers-suppliers-and.pptx
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
 
Forklift Operations: Safety through Cartoons
Forklift Operations: Safety through CartoonsForklift Operations: Safety through Cartoons
Forklift Operations: Safety through Cartoons
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communications
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear Regression
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMAN
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...
 
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
 

Tax Planning an Essential Tool to Ensure Compliance

  • 1. Tax Planning an Essential Tool to Ensure Compliance Are you the owner of a business that has grown beyond your expectations and is at risk of stalling because of a structure that no longer serves its purpose? Perhaps you are an investor with multiple properties and interests, looking to minimise the impact of taxation on your returns while still discharging your legal tax responsibilities. You may be a taxpayer receiving a wage or salary who wants to take advantage of wealth building opportunities, but needs help to understand how that will affect the tax you will pay. If any of that sounds like you, keep reading and you will be introduced to MSI Taylor, Accountants and Business Advisors. This leader among accounting firms has been providing tax and financial services to its clients since 1972 from their Brisbane offices. With six working partners and a support staff of forty specialists in their respective fields, MSI Taylor can help anyone understand how the taxation system applies to their particular circumstance. One of the key services MSI Taylor can provide to their clients is tax planning, a crucial but often overlooked strategy that, if well executed within the boundaries of the current legislation, can mean the difference between meeting their tax obligations and being totally unprepared, scrambling for funds to pay an unexpected tax debt. Having a strategy in place requires specialised knowledge of taxation legislation, the ability to formulate action plans to put before the client, and the skills to provide advice in clear terms to the client so they are able to make a decision MSI Taylor is not just another accountant Brisbane who knows the taxation laws and are able to complete and lodge tax returns. They have the experience to recommend courses of action that will lead to meeting tax compliance without compromising future growth. Taxation planning requires a detailed knowledge of the client’s business or situation, and an understanding of where the client wants
  • 2. to be financially in the foreseeable future. By knowing the goal the client wants to work towards, MSI Taylor can recommend a clear path towards that goal, and milestones to be reached on the way such as, for example, a company restructure or asset management or capital raising or even a merger. “I had the opportunity to expand my business due to a large contract we won, but we didn’t have a lot of our own capital to fund it. We were looking at raising capital through a private investor, but we really didn’t know what the tax implications would be. After meeting with a tax planning specialist from MSI Taylor, we had a clear plan of action, and fully understood what was needed to get the project up and running and still manage our tax obligations,” said Lee K. Some business owners get into difficulty with the ATO by underestimating the impact of taxes associated with their role as an employer. They generally have pay-as-you-go tax under control, but often forget about fringe benefits tax, payroll tax, compulsory superannuation guarantee and Workcover – all obligations that must be met by any employer wanting to avoid compliance issues. Advice on these issues is part of the service that MSI Taylor can provide when they work on tax planning with a client. If these extra taxes are identified and budgeted for, there is less likely to be a nasty surprise at end of financial year. “As a new business owner with only a few staff, I thought I had everything covered tax-wise, but I had little direct knowledge of FBT and it bit me big time. Now, after getting together with the FBT guru at MSI Taylor, I know my liability and how to report it every year. With a solid plan in place, I won’t get caught again,” said Regis O’T. Regardless of the size of your business, your investment portfolio or your salary, you will benefit from engaging MSI Taylor to assist you with taxation planning. By remaining compliant, keeping on top of changes to tax legislation and hitting those milestones on your long-term journey, you can build a solid financial future, and still meet your tax obligations.