Tax planning means managing your financial affairs such that the amount of tax you pay is minimised as much as legally possible. The idea is that you pay all the tax you have to – but no more.
Optimising your tax planning unlocks enormous potential for your financial plan. In fact, getting the tax planning right is typically more important to your financial performance than just about any other aspect – including things like choosing the right investment. A good investment can become a bad one if you find yourself with a bigger tax bill than you needed.
Australia’s taxation system is deliberately designed to encourage people to do some things and not do others. This means that when we take advantage of quality tax planning we are actually doing exactly what the community wants us to do.
That said, it can be difficult to know exactly what the community wants you to do! Australia’s taxation rules are complex – in fact, according to the government itself, each Australian faces a potential 125 taxes that they are liable to pay.
This makes it imperative that you seek qualified, quality tax advice provided by someone who is legally allowed to provide it. You may seek tax advice through our referral partner, Tamara, who is a registered tax agent (Registration No. 24683712).
Note: This is a referral relationship only and we take no responsibility for the Tax Advise that she provides.
Tamara has been involved in Financial Services for many years, predominantly as an Accountant and Tax Agent and has been working with Triple J Financial Planning for the last 2 and a half years in various roles. Tamara has spent several years studying and upskilling and holds a Masters in Professional Accounting, Diploma in Secondary Education and a Bachelor in Business Management, she has also completed her Diploma in Financial Planning. Outside of work Tamara has 3 young children and enjoys spending time with them.
Tamara Zagami is an authorised representative (1269082) of Synchronised Business Services Pty Ltd (AFSL 465933).