Effective tax planning that will help you to lower tax

Streamline Tax Planning with Leading Sydney Accountant

As the Leading Accountant and Registered Tax Agent in Inner West Sydney Ashfield, Belrose Northern Beaches, Our Principal John Cheng will Help You to Map Out an Effective and Easy Plan to Manage Complex Tax Planning.

That’s why it’s important to have an experienced and knowledgeable accountant and registered tax agent to guide you through the process. As the leading accountant and registered tax agent in Inner West Sydney Ashfield, Belrose Northern Beaches, our principal John Cheng is here to help.

The Importance of Tax Planning

When it comes to managing your finances, tax planning should be a top priority. By planning ahead and taking advantage of available tax benefits and deductions, you can reduce your tax liability and maximize your tax returns.

For businesses, effective tax planning can help to increase profits and cash flow, while minimizing the risk of costly penalties and legal issues. By working with a qualified accountant and registered tax agent, you can effectively manage your tax planning needs and ensure compliance with all applicable laws and regulations.

At Wistax, we work closely with our clients to develop tailored tax planning strategies that meet their unique needs and goals. Whether you’re an individual or a business owner, we can help you to navigate the complex world of tax planning and minimize your tax liability.

Complex Tax Planning Services

At WISTAX, we offer a range of complex tax planning services to help our clients manage their taxation effectively. Some of our key services include:

Capital Gain Tax: We can help you to manage your capital gains tax liabilities and take advantage of available deductions and exemptions. We can also assist with tax planning strategies to minimize your capital gains tax obligations.

Crypto Currency Tax: With the growing popularity of crypto currencies, it’s important to understand the tax implications of these digital assets. We can help you to manage your crypto currency tax obligations and develop strategies to minimize your tax liability.

International Tax with Cross Border Transfer: If you have international business interests, managing your tax obligations can be particularly complex. We can help you to navigate the intricacies of international tax law and manage your cross-border transfer obligations effectively.

Foreigner Capital Gain Withholding Tax: If you’re a foreigner selling Australian property, you may be subject to foreigner capital gain withholding tax. We can help you to understand your obligations and manage your tax liability effectively.

Obtaining Clearance Certificate at the Time of Sale of Property: If you’re selling property in Australia, you may need to obtain a clearance certificate to avoid being subject to foreigner capital gain withholding tax. We can help you to understand the requirements and obtain the necessary clearance certificate.

Franking Credit: We can help you to understand your franking credit entitlements which is the company tax expenses you had paid in the company before and develop strategies to maximize your tax return in term of getting those franking credit back.

Estate Tax: We will help you to prepare the final tax returns and work with your executor to ensure the deceased estate trust is done properly and that all beneficiary distributions are recorded correctly.

Why Choose Wistax?

When it comes to managing your complex tax planning needs, it’s important to work with an experienced and qualified professional. At WISTAX, we have over combined 42 years of experience providing high-quality tax planning and accounting services to clients in Inner West Sydney Ashfield, Belrose Northern Beaches and beyond.

Our principal, John Cheng, is a Fellow of CPA and Fellow of Tax Institute of Australia, and has the expertise and knowledge needed to help you manage your tax planning needs effectively. We pride ourselves on providing personalized service and tailored solutions that meet the unique needs and goals of each of our clients.

So if you’re looking for an experienced and reliable accountant and registered tax agent to help you manage your complex tax planning needs, look no further than WISTAX.

Frequently Asked Questions
about Tax Advise and Planning

What is a Tax Advice?

The process of tax advice is seeking the advice of a highly experienced tax professional to determine the best course of action to minimize your tax liability.

What is Tax Planning?

Tax Planning is to develop a comprehensive plan to manage your taxes over time, taking into consideration income, deductions, franking credits, capital gain tax exemption, and small business capital gain concession.

How would you pay for tax advice and tax planning?

Normally tax advice and tax planning are to be provided by our highly experienced FCPA accountant John Cheng, and normally the advisory work would be hourly based and the first 15mins of initial consultation would be free for new clients ONLY.

What areas of tax advices and tax plannings would WISTAX cover?

WISTAX would cover the tax advices and tax plannings in the following areas:

  1. Capital Gain Tax
  2. Small Business Capital Gain Tax concession
  3. Foreigner Capital Gain Tax Withholding
  4. Tax Audit
  5. ATO debt negotiation
  6. ATO tax review
  7. Franking credit
  8. Working with Insolvency Practitioner to assist the company to close down the business if they are unable to pay the debt