Accountant Lismore Tax Planning

Most taxpayers accept that paying tax provides community benefits and meet their tax obligations voluntarily.

In doing this, you have the right to arrange your financial affairs so as to keep your tax to a minimum, often referred to as tax planning or ‘tax-effective’ investing.

Tax planning is legitimate when you do it within the letter and the spirit of the law. However, a small percentage of taxpayers plan their tax affairs in a manner we consider is aggressive towards the tax system. These arrangements attract our scrutiny to determine whether or not they are within the law.

We provide as much support as possible for people who do the right thing, and are fair but firm with those who don’t.

Investment

Using your money to try to make more money or gain assets is called investing. Understanding how tax works in relation to your investment helps ensure you don’t pay more tax than you need to.