Personal Tax Planning Services in Bella Vista, NSW
Taxes can be stressful and complicated, but with the right tax accountants and advice, you can reduce your tax liability, increase your savings, and grow your personal wealth. At Chohan Associates, we offer expert personal tax planning services in Bella Vista, NSW, designed to help you keep more of your hard-earned money while staying tax compliant.
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We have helped numerous clients legally reduce their tax payments by using our proactive approach, financial statements analysis, and tax planning strategies. This has resulted in significant wealth growth and better cash flow for them. Call us today to benefit from our expertise!
Why Choose Our Tax Planning Services?
- Many people overpay taxes due to a lack of knowledge—our expert accounting services ensure smart deductions, efficient structuring, and stress-free taxation
- Reduce your tax bill legally
- Maximise tax deductions for higher refunds
- Improve your cash flow and long-term financial security
- Stay compliant with the ATO and avoid penaltie
We make tax planning simple, effective, and stress-free for individuals, investors, and business owners.
Our Personal Tax Planning & Accounting Services
We offer a wide range of accounting and taxation services meet to your needs:
- Preparation & Electronic Lodgment of Income Tax Returns: Our chartered accountants prepare and electronically lodge your income tax returns for faster processing and maximum refunds.
- Raising & Lodging Objections to ATO Assessments: Receiving an incorrect tax assessment from the ATO, we can raise objections and appeal decisions on your behalf.
- Varying & Lodging PAYG Withholding Tax: We help adjust your PAYG Withholding Tax so you can bring more cash into your pocket throughout the year (conditions apply).
- Negative Gearing Advice: If you own rental properties or investments financed through a loan, we provide negative gearing strategies to minimise your tax and increase your wealth.
- Tax Minimisation Strategies: Our expert tax accountants apply proven tax minimisation techniques to legally lower your tax payments and improve cash flow.
- Wealth Distribution Through Trusts: We provide guidance on using trusts to protect assets, reduce tax liability, and create long-term financial benefits.
- Capital Gains Tax (CGT) Advice: If you sell property, shares, or a business, we offer taxation services to reduce Capital Gains Tax with legal exemptions and concessions.
- Self-Managed Super Fund (SMSF) & Managed Super Funds Advice: We assist with self-managed super funds (SMSF) tax strategies, including contributions, withdrawals, and investment structuring to maximise tax benefits.
- Taxation of Foreign Income: If you earn foreign income, we help you comply with Australian tax laws while avoiding double taxation.
- Investment Tax Strategies: We provide tax-efficient strategies for rental properties, shares, and business investments to help you reduce tax and build wealth.
- Estate Planning & Managing Deceased Estates: Our team assists with estate planning to ensure a smooth transfer of assets with minimal tax impact, making important financial decisions easier.
- Land Tax Advice: For property investors, we help you understand land tax obligations and find ways to minimise costs.
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Tax Planning for Small Business Owners: If you are a sole trader or small business owner, we assist with:
-Business tax deductions
-GST and BAS lodgment
-Choose the right tax structure for your business - JP (Justice of the Peace) Services: We provide JP services to certify important documents for legal, financial, and taxation purposes.
Chohan Associates Tax Planning
Our team of experienced public accountants assists individuals in maximizing the benefits of their health and wellness endeavors. Let us assist you in developing a long-term tax strategy to uncover any missed tax breaks and minimize your tax liabilities.
Diamond in the rough
Every body is a diamond in the rough. We will hone your taxes to drop the weight keeping you from saving the most money possible.
Advisors looking out
We look out for your money and you’ll receive one-on-one time with a dedicated advisor throughout the year.
More ways to save
With access to our private Facebook group, Tax Secrets, you will get constant content with tips, tricks, and Q&A available as our client.
Why Australia’s Residents Trust Our Accounting Firm?
Experienced Tax Professionals
Our chartered accountants have years of expertise in taxation services and financial planning.
Tailored Tax & Accounting Services
We customise tax planning and accounting strategies to match your financial needs.
Legally Reduce Taxes
We ensure you take advantage of every possible tax benefit while staying compliant.
Affordable & Transparent Pricing
No hidden fees, just clear and honest tax advisory services.
Contact Us Today for Expert Taxation & Advisory Services!
Frequently Asked Questions
We aim to address some of the most common questions that clients have about the accounting services we offer at Chohan Associates. Whether you’re a new client considering our services or an existing client with queries about our processes, this FAQ can help you gain a better understanding of how we can assist you with your financial needs.
Tax planning is the process of managing your finances in a way that minimises your tax liability while staying compliant with tax laws. It involves using legal strategies like deductions, tax credits, and income structuring to optimise your tax position.
The best tax method depends on your financial situation. Some common tax methods include:
- Standard Deduction vs. Itemized Deductions – Choosing the right one based on eligible expenses.
- Cash vs. Accrual Accounting – Businesses can choose based on revenue recognition.
- Tax-Effective Investment Strategies – Like salary sacrificing or negative gearing. Consulting a tax professional can help determine the best approach for you.
You can legally reduce your tax in Australia by:
- Claiming eligible tax deductions (work-related expenses, home office costs).
- Contributing to superannuation.
- Utilising tax offsets and rebates.
- Structuring investments tax-effectively.
- Maximising business deductions if you are self-employed.
The four key tax planning variables are:
- Timing – Deciding when to earn income or claim deductions.
- Tax Rate – Considering different tax brackets and offsets.
- Tax Structure – Choosing the best entity (individual, trust, company) for tax efficiency.
- Deductions & Credits – Utilising eligible deductions and rebates to minimise taxable income.
- Using MyGov (ATO Online) – Free.
- Tax Agent Services – Typically between $100 to $300, depending on complexity.
- Business or Sole Trader Returns – Can range from $300 to $1,000+.
For more details, contact our experts today!