Taxpayers are encouraged to try tax planning to make sure they pay the least amount required. This is a good opportunity to get the most out of your earnings or profits without escaping from your responsibility to the government. If it’s your first time to do tax planning or you feel you haven’t been doing it right, the best course of action is to seek help from a small accounting firm in Melbourne or a Melbourne accountant.
These experts are adept in tax minimisation strategies. They will not only help you apply the best techniques to minimise taxes due and maximise deductions, they can also help you discern if an entry falls into tax avoidance or you are at risk for tax evasion. But though it’s easy to rely on your trusted Melbourne accountant, there are things that only you can do to minimise tax effectively. What are those?