Blaze Acumen has an expert knowledge of the Australian Taxation system, and has a full range of compliance and accounting services including preparation of income tax returns and financial statements.
We have considerable experience in planning for individuals, trusts, companies and self-managed superannuation funds to minimise taxation exposure and to provide practical solutions for taxation issues.
Some of the strategies/consulting advice we have been able to provide for our clients include:
- Tax planning;
- Asset protection and structuring of investments;
- Capital Gains Tax;
- Asset management including acquisition and disposal;
- Use of trusts and other entities;
- Financial analysis and budgeting;
- Succession planning;
- Salary packaging and remuneration planning;
- Taxation issues on marriage breakdown including CGT rollovers and child maintenance trusts;
- Taxation of financial arrangements;
- Private Ruling and Class Ruling requests with the ATO; and
- Other indirect taxes.
In addition to the above we have had extensive experience in dealing with the Australian Taxation Office on your behalf, including in relation to High Net Wealth Reviews and detailed ATO reviews.
Through our network of contacts, we are able to help you create or amend your Will to ensure that your assets are dealt with in an appropriate and tax effective manner. We believe that creating a Will that protects your assets and provides for the well-being of your nominated beneficiaries should be an essential part of your overall taxation and financial planning strategy.
Estate planning can take many forms. Often a major concern is to ensure that spouses and young children are adequately provided for, should the major income earner die or become seriously ill. These issues may be satisfied by taking out substantial life and total and permanent disability insurance. Importantly though, there can be significant benefits available if a Will is structured properly. It may be appropriate to consider including a testamentary trust in the Will.
A testamentary trust is similar to a ‘family trust’ but is incorporated in the Will and comes into existence on the death of the Will-maker. Such trusts provide asset protection advantages and any income generated by the testamentary trust that is distributed to a child or grandchild is taxed at normal adult tax rates.
Private Ancillary Funds (PAFs) are a form of charitable trust allowing an individual or family to manage their own foundation. We are familiar with the establishment procedures and annual compliance requirements for PAFs. Our Partners hold a number of Responsible Person and Officeholder positions for our clients’ PAFs and other charitable organisations.