While tax reduction is typically associated with accountants only, here at Atlas Financial Wealth, we engage a team of experienced tax strategists and financial planners simultaneously to get you the best result. By getting a full-picture look at your income, investments and debt, we can often pick up on tax reduction strategies that your accountant may have missed.
While each situation is different, with the right tax reduction strategy it’s possible for an average Australian to save amounts ranging from a few thousand dollars to well over 5-figures. We can provide you with a ‘real time’ look at what tax reduction strategies may work for you and your situation.
As most employees’ tax is taken before we even receive it, we don’t miss what we don’t see. Typically you really only notice it when you see your group certificate or Payment Summary at end of Financial Year. However, when it comes to making the mortgage payments, paying bills, or supplying for the kids, that extra 20% in the bank would make a world of difference.
Whilst we can’t stop paying tax entirely, we can be smart about it and understand how and where we could legitimately reduce it. At the end of the day, taxes in Australia are designed to be fair and the ATO has established ways to utilise your tax for your financial future, while providing rules and boundaries for residents to abide within.
You will receive guidance that is clear, understandable and will help you achieve your short, medium and long term goals to help you receive financial freedom and independence.
Practical financial solutions whether it be related to a property purchase, setting up an investment portfolio or just taking stock of where you’re at with your home loan.