It is important that the planning is considered before the decision is required to be made as hasty and ill-considered responses can lead to the wrong outcomes. We at Aspen Corporate believe that planning is the cornerstone of success, and considering the alternatives in every decision can only provide greater guidance to make the most informed decisions.
Tax planning should be considered:
- When you buy or sell a business
- Purchasing investments
- Paying out or taking out new loans
- Salary sacrifice and superannuation, including Self Managed Superannuation Funds (SMSF)
- Restructuring a business or investments
Making the wrong decision may result in taxation being paid where it may have been possible to reduce the amount or eliminate it entirely.