Remember when paying tax was fun? Actually nobody does, because paying tax has never been fun. Of course taxation is also necessary in order for a country to continue to function and provide services to its citizens. Taxation isn’t entirely bad.
One of the reasons people don’t feel particularly happy about paying tax is that the tax collected is not always spent or managed in ways that individual tax payers feel comfortable about.
It’s not something you can control, so it isn’t something you should worry about. What you can control to some extent is how much you’re required to pay for tax. Many people hold a wrong view that attempting to reduce the tax burden on themselves is cheating.
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In fact it is not cheating, and it is something the government actually expects you to do. They built it into the system and it’s part of the tax legislation.
The fact that most people don’t fully understand and appreciate the benefits available to them under this system is simply a product of how complex the taxation laws are.
You do need to make sure you understand the difference between tax minimisation and tax avoidance, however. The latter is definitely cheating, and if you get caught doing that, you could be in serious trouble.
The best way to ensure you’re not paying more tax than you should be is to get advice from a qualified tax advisor.
Highland Financial is the very best place to get tax advice in Brisbane. We are experts in legal tax minimisation strategy, and we’ll make sure you get every deduction, concession, and rebate you may be entitled to claim.
We’re the best tax advisors in Brisbane
You could be surprised just how much you can save on tax with the right advice to guide you. Some of our clients have managed to save thousands just by gaining a better understanding of what their true entitlements are. Some of those entitlements can be difficult to identify if you don’t know where to start.
For example, did you know you could claim back the cost of income protection expenses? This effectively means that you can get free income protection because whatever you spend comes back to you.
It’s the same with many other things. Make a donation to a registered charity of more than $2, and really it’s the government that foots the bill. The only complication is you don’t see the benefits of your actions until after the end of the tax year.
There are also numerous rebates and incentive schemes offered by the government that can reduce the amount of tax you are required to pay, or increase the tax refund you could expect to receive. If you don’t know about them, you are disadvantaged.
Contact us for the best tax advice in Brisbane today!
Highland Financial is the best tax advisor for you to discuss your taxation planning with. We will provide you with dependable and accurate advice, with the highest quality of service. If you want to be sure of keeping more of what you earn, call Highland Financial today.
Highland Financial are financial planners based in Brisbane who specialise in wealth creation and management. We provide financial planning services and advice that is geared to your financial situation. Visit our website or call us and see how we can help you generate wealth.
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