See a Tax Consultant for the best Tax Advice
Let’s get it right from the start! Making the best tax decisions when you need them is a critical part of business. Tax Mitigation and being Tax Effective is where Tax Planning comes in. Avoid tax issues from the outset and utilise our expert tax advice.
Planning to make the most effective tax decisions within the confines of New Zealand’s complex tax laws is critical. Because once a business/individual or sole trader takes a tax position it can rarely be changed.
So what is ‘Tax Effective’
Before your next major purchase, discuss with us the best way of going about it. For example, if it is a vehicle, truck, tractor, or a piece of equipment, you may be asking yourself, “Should I lease it, should I buy it outright, or should I borrow?”.
That’s where we come in. By contacting us prior to making that purchase, we can recommend you on the best way of approaching it.
There are ways each of these scenarios can be treated to make it more effective for tax purposes, hence why tax planning is important. This has a major impact on a business’s cash flow which is essential to the liquidity and health of a business.
Being Tax effective is also about returning income at the correct time, including legal obligations. Can that income be spread over time? Planning ahead to ensure that the business is still liquid and not overcome by debt it can’t sustain, is hugely important.
Is it too late?
If a client does make a mistake, we use our experience and ability to possibly soften the blow, by dealing directly with the decision makers at Inland Revenue.
If you have been informed of making a mistake, don’t ignore it – this just causes more worry and stress. Talk to us at Tributum Tax Limited so we can act swiftly to reduce or cut penalties.
Contact Us Today
Contact Shane to book in a time to discuss your needs.