MOTOR VEHICLE INDUSTRY YEAR END PLANNING – ACT NOW!
May 19th, 2009 | Published in Advice, Tips & Tutorials, Featured
At Stannards we pride ourselves on being proactive business advisors. Now is the time to act on all your year end business planning issues.
Some of the key issues to address prior to 30 June 2009 are:
- Initiation of any potential tax minimisation opportunities / strategies available
- Explore further superannuation strategies; including the opportunity for additional contributions, borrowing in self managed superannuation funds
- Explore initiatives in using the Governments proposed Investment Allowance – e.g. service loan cars, company cars and eligibility of fixed asset additions
- Review income deferral and accelerated deduction strategies
- Focus on the ATO’s requirement to have Div. 7A loan documentation implemented and minimum capital & interest payments made on loans
- Review of cash flow requirements for final 2009 income tax instalments & 2010 quarterly income tax instalments
- Mitigate FBT exposures
- Asset protection – minimising potential exposures to creditors and predators!
Why choose Stannards?
- Industry expertise – we have a dedicated motor vehicle industry team who are abreast of trading conditions, trends, market place changes, legislative requirements and opportunities that present themselves in the industry
- Advisory – Stannards provides advice that is pro-active, accurate, commercial and above all practical.
- Fees – our fees are very competitive and substantially lower than the top end of town.
- Long term relationships – we want to grow with our clients and always aim to establish long lasting business relationships with them.
- Service quality – we are confident in our abilities to deliver quality and timely service. Our partners are very hands on and understand their client’s needs.
References
- We have an extensive client list of motor vehicle dealerships who have agreed to act as referees to support our claim as quality service providers. Contact details available upon request.
Please contact us at any time for a free no-obligation discussion on any concerns or issues you may have with your business or personal affairs.
Jason Wall
Partner
jason.wall@stannards.com.com.au
(w): 9867 4433
(m): 0414 503 057
Peter Angelini
Senior Manager
peter.angelini@stannards.com.au
(w): 9867 4433
(m): 0402 097 959
