6 Reasons To Get A Tax Advisor

When starting a new business, juggling multiple jobs or experiencing a major life event such as a marriage, the birth of a child or a divorce, tax can become confusing – sometimes you just don’t have the time to dedicate to your tax duties.

But, don’t worry! We have the solution, we can answer all your burning questions, it comes in the form of a tax advisor.

Here at Knox Taxation and Business Advisory, we have a team of tax consultants ready to help you. They will help in simplifying the complicated world of taxation so that you can understand it better and get more time back in your day.

As a company, our aim is to build long-term relationships with our customers by providing personalised services based on their individual needs and circumstances.

Here are some instances where you need a tax advisor in your life:

#1 You’re Running A Business With the help of a tax advisor, you will be able to save both money and time when it comes to managing your business finances by streamlining your business processes.

At Knox Taxation and Business Advisory, we also offer business reporting, book keeping and software advisory services to enable us to provide you with 360-degree support as you grow your business.

We help you understand business structures and assist with ASIC Compliance, ATO Compliance, Business Tax Returns and Quarterly BAS.

#2 You Have Investments Our team of accountants can help you to manage your investments for properties and shares more effectively by helping you to minimise the tax you pay year on year. We do this through identifying your deductions, giving you tax-saving strategies, and preparing your TAX.

#3 You’ve Bought or Sold a Property We always keep ourselves updated with all things investment-related to property.

We will discuss with you both the advantage and disadvantage of purchasing investment properties, help you explore whether you’re ready for the Property market, understand the tax implications of purchasing an investment property and advise you the best ownership structure for your investments.

#4 You’re Juggling JobsAlthough having multiple jobs can help pay the bills and provide greater flexibility around your money, it can also require that you pay additional tax each year.

As your tax advisor, we will help you keep track of your income and ensure that you are putting the right amount of tax aside each year.

#5 You’re Experiencing a Major Life Event or ChangeIf you’re experiencing or have just experienced a big life change, you may need to seek some advice from your accountant.

This is because life events such as getting married, going through a divorce, purchasing a new house, having a child or nearing retirement all have the potential to change your tax situation.

#6 You’re Retiring As you enter retirement, there are several things to consider from a tax perspective.

You may need help with managing your Superannuation, closing down your business or even assistance with managing Deceased Estates. You may also be considering downsizing your house, which could result in Capital Gains Tax or other tax implications (if it is not your principal place of residence).

If you are currently in one of these stages of your life and require tax or financial advice, ensure to check out our website https://www.knoxtax.com.au/ or give us a call on (03) 9762 7344 and our team of professionals will be happy to help you.