Tax Planning With No Surprises
Know exactly what you owe before it is due. Proactive tax planning means certainty, not anxiety.
The Surprise Tax Bill That Shouldn't Exist
Every year, thousands of business owners open a letter from their accountant and feel their stomach drop. The tax bill is double what they expected. There's no cash set aside. The payment is due in weeks. Panic sets in.
This happens because most accountants only calculate your tax position after the financial year ends. By then, it's too late to implement strategies that could have reduced the liability. It's too late to set cash aside gradually. It's too late to adjust your PAYG instalments. You're left scrambling.
For businesses in the $500K–$10M range, these surprise bills can be $50K, $100K, or more. That's not a minor inconvenience, it's a cash flow crisis that can delay hiring, halt investment, and force you to draw down lines of credit. All because nobody planned ahead.
Year-Round Planning Means Year-Round Certainty
BVM starts tax planning in July, not May. We estimate your full-year position early, review it quarterly, and adjust strategies as your circumstances change. By the time June 30 arrives, you already know your liability, you've already set the cash aside, and you've already implemented every legitimate strategy available.
This includes reviewing your structure, timing income and deductions, maximising super contributions, prepaying expenses where beneficial, and ensuring your PAYG instalments reflect your actual performance, not last year's.
Our clients in Oran Park and across Sydney sleep better knowing their tax position is managed proactively. One client told us that for the first time in ten years of business, they finished the financial year knowing exactly what they owed, and having the cash ready. That's what proper planning delivers.
What's Included
- ✓Mid-year tax position estimate (December/January)
- ✓Quarterly tax liability tracking and updates
- ✓PAYG instalment variation where beneficial
- ✓Superannuation contribution strategy and timing
- ✓Deduction timing and prepayment analysis
- ✓Division 7A loan management and planning
- ✓Capital gains tax planning for asset disposals
- ✓Year-end strategy session with implementation checklist
Who Is This For?
This is for business owners who have been stung by unexpected tax bills and never want it to happen again. You want certainty about your tax position throughout the year, not a nasty surprise in October. If you earn enough that your tax bill is material, typically businesses over $500K turnover, proactive planning pays for itself many times over.
Frequently Asked Questions
When should tax planning start for Australian small businesses?+
Effective tax planning starts at the beginning of the financial year, July. By December, you should have a clear estimate of your full-year liability. Waiting until May or June limits your options significantly because most strategies require action before year-end to be effective.
How can I reduce my tax bill legally as a small business owner?+
Legitimate strategies include maximising deductible super contributions, timing income and expenses strategically, prepaying deductible expenses before June 30, ensuring your business structure is tax-efficient, and claiming all available deductions. The key is planning, most strategies require action before year-end.
What is a PAYG instalment variation and should I use one?+
A PAYG instalment variation lets you adjust your quarterly tax prepayments to reflect your actual current-year income rather than last year's. If your income has dropped, you avoid overpaying. If it has increased, you avoid a large year-end shortfall. We review this quarterly and lodge variations when they benefit you.
How much should I set aside for tax each quarter as a business owner?+
A general rule is 25–30% of net profit for companies, but the actual amount depends on your structure, deductions, and personal circumstances. We calculate your specific provision rate based on your actual numbers and update it quarterly so you are always setting aside the right amount, not guessing.
What happens if I cannot pay my tax bill on time?+
If you genuinely cannot pay, the ATO offers payment plan options. However, interest accrues from the due date and penalties may apply. The far better approach is proactive planning so you never reach this point. If you are already in this situation, we can negotiate with the ATO on your behalf to establish manageable terms.
Let's See If We're The Right Fit
We will take the time to understand your business, what support you need and whether BVM is the right partner moving forward.
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