News

8 March 2007

Tax Planning

Dear All,

What is a tax plan?

A tax plan is a systematic and detailed approach to assessing, before the end of a financial year, what tax may be payable and implementing strategies to ensure tax compliance and tax minimization.

How can a tax plan assist you and your family?

Plainly, a tax plan can help in the following ways:

  1. Remove any nasty tax surprises;
  2. Generally review situation and implement tax minimization strategies;
  3. Ensure funds are in place to meet any tax payable and the source of those funds is effective; and
  4. Understand in an integrated way the business and personal taxation situation.
Kelly + Partners approach

The preparation of a tax plan need not be unduly complex nor time consuming. We undertake the process with you in the following steps:

  1. Engage to undertake Tax Plan;
  2. Gather information;
  3. Review information;
  4. Prepare a proposed draft tax plan;
  5. Meet with Client and Review proposed plan;
  6. Finalise plan; and
  7. Client sign off.

The process can be undertaken in less than two weeks when clients can meet as required.

Kelly + Partners difference

The Kelly + Partners difference in this area are hallmarks of the firms offering generally:

  • Timely
  • Forward looking
  • Systematic
  • Expert
  • Advice
Any questions?

Should you have any questions about anything at all written above please contact your Client Director or Brett Kelly (brett@kellypartners.com.au) at Kelly + Partners and speak with us.

Yours sincerely
Brett Kelly

North Sydney Office
Level 4, 73 Walker Street,
NORTH SYDNEY NSW 2060
P.O. Box 1794, NORTH SYDNEY NSW 2059
T 02 9923 0800
F 02 9923 0888
M 0419 206 475
brett@kellypartners.com.au
www.kellypartners.com.au
   Central Coast Office
Suite 6, Fountain Plaza, 148 The Entrance Road,
Erina, NSW, 2250
P.O. Box 3616, Erina, NSW, 2250
T 02 4367 6630
F 02 4367 6632
M 0413 933 481
scott@kellypartners.com.au
www.kellypartners.com.au/centralcoast

Disclaimer: The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endovour to provide accurate and timely information, there can be and we make no guarantee that such information is accurate as of the date it is received nor the date published or that is will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.

We provide information to Kelly Partners's clients and associates in the genuine belief that it may provide useful and interesting information relevant to business and personal financial affairs.