Tax Planning for Gold Coast Business

Tax done forwards, not backwards

By the time a return is lodged, the year is over and the options are gone. The savings come from planning before 30 June – timing income and expenses, getting distributions right, checking the structure still fits. Company, trust, partnership or a group, we prepare them together so income and franking are consistent and nothing is taxed twice.

The taxes your plan has to account for

“Business tax” is rarely just one tax. Depending on your size and structure, we help you stay on top of:

• Income tax – on company, trust, partnership and individual profits
• GST – reported through your BAS
• PAYG withholding and instalments – tax on wages and pre-payments of your own
• Fringe benefits tax (FBT) – on cars and benefits provided to staff
• Payroll tax – the state tax that kicks in once your wages bill is large enough
• Division 7A – the rules around loans and money taken from your own company

The point isn’t to make this sound complicated – it’s that one accountant seeing all of it together is how you avoid nasty surprises.

Structure that fits where you’re going

The setup that suited you as a sole trader is rarely right once you’re turning over serious money. We make sure your structure still serves your tax, your asset protection and your plans – and we explain the reasoning in plain English, so the decision stays yours.

For builders and tradies, the right structure also affects your licence — our QBCC accountants for builders and construction can help you get it right.

The planning we do before 30 June

A tax-planning session in May or early June is where the real savings happen. Depending on your situation that can include timing equipment purchases to use the available write-offs, making deductible super contributions, bringing forward expenses or deferring income, getting trust distribution resolutions right, and reviewing loan accounts before they trigger Division 7A. We run the numbers, show you the options, and let you choose.

Common questions

When should we do tax planning?

Before 30 June – a session in May or early June is where the savings happen.

Is my structure still right?

Worth checking as you grow; we’ll tell you honestly if it’s costing you.

Do you handle all our entities together?

Yes – company, trust, SMSF and individuals as one group.

What is Division 7A?

Rules that treat money or loans taken from your own company as taxable income unless they’re handled correctly. We keep you on the right side of them.

Company or trust – which is better for me?

It depends on your income, risk and plans. We’ll walk through the trade-offs and recommend with the full picture.