If your business is growing and your profits are heading north, then it’s time to speak to your small business tax champion about tax planning strategies.
It’s an exciting time when your business really starts to take off. Your business could grow at various stages throughout it’s life and there could also be multiple periods of growth.
A good tax specialist will grow with you. Your small business tax champion will know that when profits are increasing, it’s time to grow your private wealth and maximise the tax opportunities that go hand-in-hand with positive growth. Business structures are reviewed to determine the best outcome for you and your business.
It makes sense that if you know what is coming, then you will have the ability to plan for the outcome via choices and options that can potentially yield significant benefits and capital protection. It’s vitally important for your tax planning meeting with a tax specialist to be held a minimum of two months before the end of the financial year – this is the key to ensuring your business and financial structures move with you as you grow.