Newcastle Accountants | Maitland Accountants | Bottrell Offices located in Newcastle, Maitland. Your local Accountants, Tax Agents & Advisors in Newcastle & Maitland.

Bottrell Accountants | Newcastle Accounting Firm | Maitland Accountants

Tax Planning Tips for Australians

Tax Planning Tips for Australians

Tax planning is all about arranging your personal finances. This is to  reduce taxes. Also called tax effective investing, tax planning is legitimate in Australia. But it may be illegal when it breaches tax laws.

Dangerous tax planning tricks
Do not deliberately do actions to evade your tax obligations. You will  play with fire. Additionally, don’t use the Australian tax system to  commit any fraud.  You automatically commit a tax crime. This may entail private offshore transactions.  Tax crime is also identity crime or  credit or refund fraud.

Tax planning tip:  tax avoidance schemes
If a scheme uses complex structures and strange financial methods, stay away. With no-risk guarantees or seeking private advice, keep away too. Getting involved could put your original investment in danger. It could also expose you to tax penalties and interests.


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