Paying Too Much Tax?
There are many challenges and opportunities in small business in Australia and fortunately we can help alleviate the stress of one of the biggest challenges – taxation. Specifically we can help with minimisation of your overall taxation burden in terms of the amount you pay, the effort that goes into complying with the tax law and the effort that goes into dealing with tax audits. It is our single biggest objective and focus every day. The single biggest way to reduce your tax is via regular collaboration with your accountant throughout the year (at least one mid-year tax planning review if not two). Our review process and regular conversations uncover information and that information is used by us, analysed by some very talented and curious team members and then used to form an optimal taxation plan.
Reduce your tax is via regular collaboration with your accountant
What about the numbers?
The foundation of any business is an accounting system that meets the needs of the owners. Generally that means the system must provide the owners with information they need to meet various compliance obligations, information they need to obtain bank finance (for the business or personal), information they need for investors and information they need to make business decisions. Ideally the accounting system will be easy to use, efficient to operate, widely supported, feature rich and not too expensive. Fortunately there are now a few small business cloud accounting platforms that meet these requirements but we generally recommend Xero because its ticks more boxes than all other platforms.some very talented and curious team members and then used to form an optimal taxation plan.
The foundation of any business is an accounting system that meets the needs of the owners
What Do You Really Need?
The first thing is that we don’t believe in recommending ANY solutions that you don’t actually need. There are many things great accountants can help with but at 360 Partners we like to identify what your financial problems are so that we can help overcome them. It’s one part counselling and one part expert advice. Too many accountants have the “solutions in search of a problem” approach. The next thing you know you are paying $1000 a month for fancy reports that are all but useless management decision making.
We don't believe in recommending ANY solutions that you don't actually need
ASSOCIATION & CERTIFICATIONS
Testimonial
"Having used 360 Partners for my past two small business tax returns I can highly recommend the services and advice they provide. I highly recommend their services."
“I contacted James Millar via the Flying Solo forums and was delighted to have my question answered within about 10 minutes. He solved a problem for me efficiently and was very friendly to boot! Highly recommend..”
"In business Ive learnt to ask the person who KNOWS, rather than ask 3-4 people who MIGHT know. For anything related to accounting and business investments, James Millar has proven he is that guy."
"James Millar has provided my company with exemplary service and outstanding financial advice that has placed my company in a better strategic position for future years and will save me $$$."