Tax may be the single largest cost in any business. As such, it needs to be managed more actively than any other expense, but for most taxpayers this is usually not the case. That is why at Southside Accounting, we work to assist your tax planning and arrange your financial affairs to minimize your taxes.
There are three basic ways to reduce your taxes:
1) You can reduce your taxable income;
2) Increase your deductions; or
3) Take advantage of tax credits, rebates and/losses.
At Southside Accounting, we commence your tax planning procedures with a detailed review of the taxpaying position and the historical records. We then focus on analysing future plans and then use the collated information to recommend the most appropriate way to navigate you towards your financial goals.