It’s about getting your position right at year-end, building a longer-term strategy, and planning properly around single major events — a business sale, a large capital gain, an inheritance — that don’t wait for a financial year to end.
The most valuable planning often happens well outside the usual EOFY window. Decisions made months ahead of a major transaction can change the outcome — waiting until after the event has happened removes most of the options that were available.
We offer tax planning for individuals, businesses, trusts and SMSFs — tailored to your circumstances, so decisions are made while there’s still time to act.
Understand your expected tax position and identify actions worth taking — on wages, super, asset purchases and business structure — as well as managing cash flow and tax liabilities. This can be a 30 June decision or part of an ongoing strategy.
Planning for investors and significant one-off transactions — selling a property or shares, an inheritance, a redundancy payout or setting out on your investment journey — worked through ahead of time, not reviewed after the event has already happened.
Trustee resolutions and distribution decisions prepared correctly and ahead of the 30 June deadline, avoiding the scramble many trusts leave to the last week of June.
Contribution timing, pension strategies, and withdrawal and re-contribution strategies to manage taxable and tax-free components — alongside tax-effective planning for the transition to retirement and passing on wealth.
Company, trust or group structures wanting their tax position reviewed well before year-end, not left until compliance time.
Property and share investors planning around a sale, a gain, or an ongoing portfolio — not reacting once tax time has already arrived.
People weighing up the timing of retirement, pension drawdowns, or a transition out of work, where the decision made now shapes the tax outcome for years to come.
Running your own super fund adds another layer of timing-sensitive decisions — contributions, pensions and withdrawal strategies included.
Tax planning happens well before 30 June, not as a rushed conversation in the last week of the financial year — because most strategies stop being available the moment the year ends.
Advice draws on deep experience across structuring, CGT and trust distributions — not a generic checklist of the same five tips sent to every client.
Whether that’s a business, a trust, an SMSF, or simply your own investments, your tax position is looked at as a whole — not as a series of separate, disconnected decisions.
Clients who undertake tax planning understand their tax position, and the reasoning behind it, well before their return is ever prepared.
This process reflects our normal annual tax planning cycle for businesses. Planning for a one-off event — a business sale, a large capital gain, an inheritance — is scoped and run separately, as timing is driven by the event itself rather than the financial year.
We assess your position based on your current-year figures, well ahead of year-end.
We meet to walk through the options available to you and the trade-offs of each.
We set out agreed strategies in simple, easy-to-follow steps, so they’re actioned before the deadline.
Your tax planning outcomes flow directly into your annual compliance work, so nothing is lost between the two.
If you have a trust and expect it to derive income in the current financial year, it is important to complete your trust distribution and streaming resolutions prior to 30 June. This helps ensure trust income is allocated as intended and reduces the risk of the trustee being assessed at the top marginal tax rate.
The FBT year ends on 31 March. If you provide employees or directors with benefits such as vehicles, car parking, entertainment, or other non-cash perks, you may have Fringe Benefits Tax (FBT) obligations. If so, we strongly recommend registering for FBT and lodging an FBT return. This can be an important step in managing your compliance obligations and generally limits the ATO’s review period to 3 years.
If you have taken funds from a company during the year, or you already have a pre-existing director or shareholder loan in place, it is important to review your Division 7A position before 30 June. Addressing these balances before year-end can help ensure they are properly documented, required repayments are considered, and the risk of the ATO treating them as unfranked dividends is reduced.
Making extra super contributions before 30 June can be a great way to top up your super and, in some cases, improve your tax position. Before doing so, it is important to make sure you stay within the relevant contribution caps, as going over the limits can create additional tax consequences. It is also important to allow enough time for the contribution to be received by your fund before year-end.
What's the difference between tax planning and my tax return?
When should I start tax planning before 30 June?
Do I need a trust distribution resolution before 30 June?
Can SMSFs benefit from tax planning?
Will tax planning guarantee I pay less tax?
What information do I need to provide for a tax planning review?
LBW ADVISORY Shop 3/4 Eramosa Road East, Somerville VIC 3912
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