Tax. It’s one of the few words we all cringe at the sound. No one likes paying taxes. And no one certainly likes to pay more tax than they have to. But how do you know how much tax is absolutely necessary?

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Need Expert Tax Advice on the Gold Coast?

If you haven’t sought tax advice on the Gold Coast, you’re likely paying more taxes than necessary. Maximising work deductions is just one aspect of tax reduction. At Centaur Financial Services, our skilled tax advisors on the Gold Coast possess the knowledge to optimise your finances and minimize your tax obligations.

From salary sacrificing into superannuation, buying an investment property, restructuring investments, paying down debt or negative gearing strategies, our Gold Coast tax advisors have many strategies available to help you reach your goals in the most tax-effective way.

Let Centaur Financial Services be your trusted tax advisor on the Gold Coast. Let us steer you towards lower taxes and greater prosperity and dissipate your tax concerns and burdens. It’s our role to understand the complex tax system and make it work for you. Dealing with your taxes no longer has to be a daunting process. Gain peace of mind knowing our Gold Coast tax advisors have you covered from all angles.

Tax planning is so much more than identifying taxable deductions. And your tax plan from 10 years ago may not be the most efficient for your current financial position. As time passes and investment portfolios grow, other ownership structures, such as companies and family trusts, may provide better tax outcomes. This is just one of the ways we can help.

What’s important to understand is, like any sound financial plan, the best tax planning is done over the long run. We give you a retirement projection demonstrating our long-term view to support our tax-efficient strategy.

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tax advisor gold coast
tax advice gold coast

Mastering the Tax Game

Expert Tax Advice from Gold Coast’s Finest

Everyone desires to reduce their tax burden, but navigating the complexities of the tax system can be daunting. That’s why Centaur Financial Services, one of the most reputable taxation advice and planning firms on the Gold Coast, is here to guide you.

Taking a comprehensive approach to your financial situation, we identify all available tax incentives and develop a personalised plan to optimise your financial outcome. Let’s have a conversation about taxes and unlock new possibilities together!

Through analysing and researching your circumstances, we evaluate core tax considerations and cultivate personalised strategies to help you achieve the best outcome for you and your money. Together, our Gold Coast tax experts will work with you to devise a tax-effective plan that reduces risk, minimises tax, and over time, maximises wealth.

Our winning process entails six steps; Discovery, Analysis, Strategy, Recommendation, Implementation and Ongoing Advice. We conduct a comprehensive review of your financial requirements and potential opportunities. We explore and analyse alternative strategies and communicate with you and your accountant to ensure the best outcome. We are with you beyond implementation, reviewing your strategy regularly and adjusting where necessary.

Don’t impede your ability to accumulate wealth. Alleviate your tax burdens and grow your wealth by contacting the most experienced tax advisors on the Gold Coast, Centaur Financial Services.

Tax advice and planning aren’t just for the rich or business owners. Individuals, companies, SMSFs, partnerships, and trusts, can also avail. Your investment can be the difference between paying thousands in unnecessary taxes and only paying what you are liable to pay. Moreover, our tax-efficient strategies can, over time, make a substantial difference to your collective net worth.

The latest ATO statistics reveal that Australians paid a staggering $210 billion in net taxes during the 2017-18 income year, up from $190 billion in the previous year. These figures highlight a consistent trend of increasing net tax payments over the years leading up to 2013-14.

Given this ongoing upward trajectory, taxes are likely to continue climbing. Don’t let this burden hinder your financial growth. Take control of your tax obligations and secure your financial future. Contact us today to benefit from expert tax advice and planning tailored to your needs and circumstances.

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Frequently Asked Questions About Tax Advice and Planning

True, tax planning can help you reduce your taxes considerably, but beyond the tax savings, there are many additional benefits to avail. Along with tax deductions, we can review other financial areas, such as superannuation, SMSFs, and business structures, to optimise performance and maximise returns.

Harnessing the potential of strategic tax advice and planning empowers you to accomplish the following:

  • Reduce your tax bill
  • Reduce risk
  • Maximise your deductibles
  • Properly plan your cash flow
  • Make your tax liabilities understandable
  • Maximise capital gains tax concessions
  • Reinvest funds that would have otherwise been set aside for tax
  • Optimise your superannuation to make it more effective
  • Establish a tax-effective business structure
  • Bring forward other expenses
  • Make additional superannuation contributions
  • Get peace of mind knowing your tax liabilities
  • Meet your Taxation compliance requirements
  • Meet your SMSF compliance requirements
  • Comply with tax legislation surrounding asset protection
  • Comply with tax legislation surrounding estate planning
  • Utilise recent budget changes to work in your favour
  • Access generous Superannuation benefits

Everyone wants to know how to reduce their taxable income. The good news is there are plenty of ways to do so. However, some options may not be viable, so having a Gold Coast tax advisor is always good. Centaur Financial Services can review your financial situation and develop a strategy tailored to your needs.

The most effective ways to reduce your taxable income include:

  • Using salary sacrificing
  • Managing your debt
  • Donating to charity
  • Claiming all work deductions
  • Managing your deductions
  • Pre-paying your deductions
  • Meeting ATO deadlines
  • Complying with the rules
  • Investing in private health insurance
  • Minimising capital gains
  • Maximising your super contributions
  • Leveraging the Medicare Levy Surcharge
  • Availing of a mortgage offset account
  • Using a tax agent and/or tax advisor

Yes! Absolutely! Deductions are the easiest and most prevalent tax benefit of all. Everyone is eligible for deductions of some form or another. Deductions are generally work-related expenses, such as stationary, work-specific uniforms, work tools and equipment, computers and electronics for work purpose, travel for work, and any self-educational costs. Other taxable deductions include tax agent and tax advisory fees, telephone and internet fees, and charitable donations.

Tax planning is the process of looking at one’s overall financial position, assessing their income, investments, superannuations/SMSFs, and business structure, then developing a tax minimisation strategy to a) minimise tax, b) reduce risk, and c) maximise wealth.

Tax planning is legal as long as the strategies lie within the law’s intent.

Tax planning is done in stages. At Centaur Financial Services, we follow a winning 6-step process:

  • Discovery: We discuss your personal situation and your tax planning goals
  • Analysis: We review and analyse your overall financial position and identify current gaps
  • Strategy: We devise a bespoke tax strategy to ensure a tax-efficient outcome
  • Recommendation: We discuss our recommendations and the implementation plan
  • Implementation: We implement your strategy and complete the required applications
  • Ongoing Advice: We monitor your strategy and provide ongoing advice

The main objective of tax planning is to identify gaps in one’s financial situation that can offer tax incentive benefits.

Not all tax advisors on the Gold Coast are the same. Some, like Centaur, will go the extra mile to ensure you maximise absolutely all your eligible tax reliefs; others may only tick off easy-to-secure incentives. To ensure you invest in the best tax advisor on the Gold Coast, ask them the following questions before committing to any strategy.

  • What is your tax planning experience?
  • How can you help me reach my tax goals?
  • What is your investment philosophy?
  • What tax planning areas do you specialise in?
  • How do you communicate with clients?
  • Can I call you for tax advice during the year?
  • What other services do you offer?

Are you ready to take charge of your tax planning journey?

Don’t leave your tax liabilities to chance. Take control of your financial future today. Contact us to schedule a consultation with one of our Gold Coast tax advisors to discover how our expertise can help you navigate the complexities of tax advice and planning with confidence and peace of mind.

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