Tax Minimisation

Earning money goes hand in hand with paying tax.  Tax payable is based on a person's annual taxable income and the percentage of tax payable is dependant on that amount falling within specified 'tax brackets'.  The more you earn, the higher the tax payable. 

The theory behind the term 'tax minimisation' refers to ways of reducing a person's taxable income so the total taxable income then falls within a lower tax bracket - resulting in a reduced amount of tax payable and more income.

There are various ways of minimising tax based on an individual persons situation. 

For more information on reducing your tax, call us to arrange an appointment.