Tax Planning for Central Coast Businesses
Sit down with a chartered accountant before 30 June, while the decisions are still yours to make.
- CA ANZ chartered firm and Registered Tax Agents
- Planning meetings run March to May, before the year closes
- A detailed quote before any work starts
Book Your Discovery Call Today
Most tax outcomes are decided before 30 June, not after it
By the time your return is prepared, the financial year has closed. The equipment was bought or it wasn’t. The distributions were resolved or they weren’t. The super was paid or it was missed. Your accountant can tell you what happened. Nobody can change it.
Tax planning is the conversation that happens while there’s still time to act. We take your year-to-date figures, project where taxable income is likely to land by June, and work through the decisions still open to you: what to bring forward, what to hold off, how profit comes out of the business, and what the ATO will want from you and when.
You leave with a written list of actions and a date against each one. No interpretation required, and nothing depending on you remembering to ring us in the last week of June.
With MYC Partners, you’ll always have:
An estimated tax figure months before the bill arrives
Every open decision dated, so none of them get lost in the June rush
Plain-language reasoning behind each recommendation, not just the recommendation
The same people each year, working from a file they already know
Who We Help With Tax Planning
Tax planning starts earning its fee once profit is consistent and the numbers are big enough that timing changes the answer.
Law firms and legal practices. Partner drawings, trust account obligations, and work in progress that pushes taxable income from one year into the next.
Dental and medical practices. Equipment purchases, service entity arrangements, and the tax treatment of associate and contractor payments.
Real estate agencies. Commission income that arrives unevenly across the year, agent payment structures, and franchise or licence costs.
Construction and building companies. Progress claims, retentions and work in progress, where profit on paper rarely matches the cash in the account.
Established companies and trusts. Businesses past the survival stage and taking real profit, where distributions, Division 7A loans and reinvestment decisions each carry a tax consequence.
What Tax Planning Covers
The pre-30 June planning meeting
We pull your year-to-date position straight from Xero or MYOB, project it forward to June, and put an estimated tax figure in front of you while the year is still open.
How profit comes out of the business
Wages, dividends, trust distributions and loan accounts are all taxed differently, and the right mix shifts as the business grows. We cost out each option, including the ones that create a problem two years down the track.
Timing of purchases, deductions and write-offs
Bringing a purchase forward saves tax this year and gives up the deduction next year. Timing is only worth doing when the cash position supports it, which is the part most advice skips.
Capital Gains Tax on property, assets and business sales
CGT is usually the largest single tax event an owner faces, and most of it is settled long before the sale: how the asset is held, how long it’s been held, and whether the concession tests are met.
Superannuation, PAYG instalments and the cash for the bill
A tax plan that ignores cash flow isn’t a plan. We work out what has to be paid, when it falls due, and whether the business will have the money sitting there.
Book Your Discovery Call Today
Why Central Coast Business Owners Come to MYC Partners for Tax Planning
Plenty of firms list tax planning on a services page. Fewer will book the April meeting without being chased for it.
A chartered firm. MYC Partners is a CA ANZ chartered practice and a Registered Tax Agent. Chartered membership carries continuing education and ethical obligations well above the minimum standard for lodging a return.
Planning built into the year rather than bolted onto it. One client, Barbara Ketley, put it plainly: "We meet with Kylie every month for business and financial planning." Tax planning sits inside that rhythm instead of replacing it.
25+ years across the same decisions. Kylie Baker has spent more than 25 years working with owners through restructures, sales, purchases and ATO reviews. The patterns repeat, and knowing which ones you're in saves a lot of guessing.
Depth for when it stops being simple. The firm holds SMSF Registered Auditor status and carries out independent audits for trusts and high-revenue organisations. The technical bench is already in the room when your affairs get complicated.
Someone who answers in May. Reviewers describe the team as prompt, and as "always available for the smallest of queries". A tax plan isn't worth much if you can't reach anyone in the weeks that matter.
As a Xero Gold Certified Partner and MYOB Certified Consultant, we plan from your live file, not from a reconstruction of last year’s return.
Tax Planning Questions Business Owners Ask Us
A tax return reports what happened in a financial year that has already closed. Tax planning happens while the year is still open, usually between March and May, and deals with the decisions you can still make before 30 June. MYC Partners does both, but only one of them changes the number.
March to May is the working window for most Central Coast businesses. By then you have eight or nine months of real figures to project from, and enough time left to act on purchases, distributions, superannuation and structure. Decisions tied to a sale or a restructure usually need to start a year or more ahead.
Legitimate tax planning works through timing, structure and entitlements: when income is recognised, when deductible costs are incurred, how profit is drawn from the business, and which concessions the business actually qualifies for. It doesn't involve arrangements built purely to avoid tax, which is exactly what the ATO's general anti-avoidance rules exist to unwind. Every recommendation we make is one we're prepared to explain to the ATO.
Fees depend on how many entities are involved and how complicated the position is, so you'll have a detailed quote before any work begins. The first conversation is a free discovery call with Kylie, and it isn't a sales pitch.
June is tight, but it isn't useless. Superannuation payments, trust distribution resolutions, bad debt write-offs and some purchase decisions can still be dealt with in the final weeks. Ring us and we'll tell you honestly what's still available and what has passed, then book next year's meeting properly.
No, and some businesses start with a one-off planning engagement to see how it goes. If you do decide to move across, we handle the whole handover: the professional letter to your current accountant, the request for your records, and the ATO nominations.
Access to your Xero or MYOB file covers most of it. Beyond that, bring last year's financials and returns, anything significant you're planning in the next twelve months (a purchase, a sale, a new partner, a property), and any ATO correspondence. If the bookkeeping is behind, say so, and we'll get that sorted first.
Most planning conversations run across the whole group at once: the operating company, the trust, the SMSF where there is one, and the owners personally. Planning one entity on its own tends to move the tax bill somewhere else rather than reduce it.
Sale planning should start well before a contract is signed. Ownership, holding period and the small business CGT concession tests all shape the outcome, and several of them can't be fixed once the deal is on foot. Bring us in early, even if the sale is a year or two away.
Once a year before 30 June is the minimum for a business with steady profit. Owners who'd rather stay ahead of it meet with us monthly or quarterly for business and financial planning, with the formal tax planning session sitting inside that rhythm.