At Snelleman Tom, you will engage with a team who understands you and your financial position. We take away the burden of your accounting and taxation needs, while ensuring you are well-placed to build your wealth.
We can help you with:
Goal Setting, Budgeting & Cash Flow Planning
Budgets are a crucial element of goal setting and enable you to identify when you have reached your financial targets. They also ensure you do not overspend and can maximise your cash flows. Why is it that working harder and earning more money doesn’t always translate into wealth? Our cash-flow program enables you to get back in control.
By planning for the future and putting the right structures in place for your investments, you’ll start building your wealth. Tax structures can reduce your tax burden, while reducing your total family tax liability. Legally reducing the amount of tax you pay is vital in your path of wealth creation. While structures such as trusts can be used to protect your personal assets and can save you tax by distributing income to family members (and even charities).
The goal of tax planning is to legally arrange your financial affairs to minimize your taxes. Our accountants will assist by providing you detailed recommendations within areas such as tax-effective treatment of expenses and income and opportunities within superannuation, investments and trusts. Importantly, by ensuring your accountant and financial planner work together you can be sure that your tax minimization strategies and your long-term wealth strategy is optimized for you.
Assisting with your Financial Reporting Obligations
Staying on top of your financial reporting obligations, changes in law or the timings for all your reporting requirements can be daunting. As part of our accounting services we’ll ensure you keep on top of it, including lodging your annual tax return with the Australian Tax Office (ATO).
Superannuation and SMSFs
Superannuation continues to present excellent opportunities, well beyond tax effective savings. How you invest your superannuation and take advantage of the opportunities available to you will have an enormous impact on whether you achieve the retirement you desire.