The Australian taxation system is vast and complex. It has also evolved over many decades of case law and the distinction between tax deductible and non-tax deductible is often imprecise. The Tax Office (ATO) provides guidance and assistance to taxpayers seeking help with their tax affairs, but the ATO is essentially there to collect tax and as much of it as possible. Their advice is oriented to guide you as to how to pay tax and not necessarily to assist you to understand how to not pay tax.
Our role is to assist our clients to achieve a taxation outcome that is correct at law.The opinions of the ATO are not always correct at law and they are not always explained in a manner likely to help a taxpayer achieve certainty about their tax affairs.
We apply a strategic and legal mindset to taxation so as to ensure our clients have the peace of mind that they are paying the correct taxation.
We can provide you with comprehensive advice on tax deductions to assist you to gain a better understanding of the expenses that are allow to be claimed as deductions. We can also assist you to find alternatives strategies to minimise your tax liabilities.
We provide a vast array of tax deductions services which broadly fall into the following categories:
- Business Expenses
- Employment Expenses
- Investment Expenses
Businesses are complex and diverse and so is the taxation planning and strategic decisions that need to be made to ensure the correct tax is imposed. Abbott’s Chartered Accountants understands the complexity of business in Australia and it continuously seeks out opportunities for its clients to protect their interests in respect to their taxation obligations.
Abbott’s Chartered Accountants has extensive experience in all facets of tax deductible expense claims associated with running and managing a business enterprise. Our staff are highly trained and experienced in an extremely wide variety of industries and structures.
Every employee that incurs an expense in connection with earning their wage is entitled to consider that expenses tax deductibility. Abbott’s Chartered Accountants have an extremely wide range of clients who pay employment income taxes and we understand the importance of minimising the taxation on that income.
Our clients strive to build wealth and financial security. Naturally enough that wealth is often investment oriented and generates income and capital growth for them. Our role at Abbott’s Chartered Accountants is to ensure that as much as possible of the income and capital growth is kept and retained by our clients and any taxation imposts are minimised by good planning and the application of a thorough understanding of taxation law.