Tax Reduction

Taxes are a part of life—but that doesn’t mean you can’t be smart about how you pay them. At Chase Edwards, we have access to an advisory network of professional accountants and tax strategists who are experienced in finding every possible deduction and enhancement to reduce the amount of tax you pay, leaving you more to invest, save and spend on the things you want.

Tax Reduction

How Much Can Proper Tax Reduction Save You?

While tax reduction is typically associated with accountants only, here at Chase Edwards, we engage a team of experienced tax strategists and financial planners simultaneously, to get you the best result. By getting a full-picture look at your income, investments and debt - we can often pick up on tax reduction strategies that your accountant may have missed.

While each situation is different, with the right tax reduction strategy, it's possible for an average Australians' to save anywhere from a few thousand dollars, to well over 5-figures. If you'd like to speak with a tax reduction specialist, please enter your details through the link below:

How Much Tax Will You Pay In 2020?

As most employees tax is taken before we even receive it, the 'sting' of paying tax is often be psychologically lessened. However, when it comes to making the mortgage payments, paying bills or supplying for the kids - that extra 20% in the bank would make a world of difference.

Whilst we can't stop paying tax entirely, we can be smart about it and understand how and where we could reduce it. At the end of the day, taxes in Australia are designed to be fair and the ATO has established rules and boundaries for residents to abide within.

If you're ready to explore your options for reducing tax, enter your details through the link below to speak with a tax reduction specialist:

Personal Income

Tax Paid

% Of Total Income

$50,000

$8,297

16.59%

$60,000

$11,847

19.75%

$70,000

$15,347

21.92%

$80,000

$18,747

23.43%

$90,000

$22,597

25.10%

$100,000

$26,447

26.45%

$110,000

$30,297

27.54%

$120,000

$34,147

28.45%

tax deductions

How We Can Help You Reduce Your Tax?

At Chase Edwards, we believe you have a right to understand and share our wealth creation strategies. When you engage us to reduce your tax, we will take you through our tax reduction strategies, step-by-step, in language that is both transparent and easily understandable.

A senior tax strategist will not only look at your current income and potential deductions; They will also investigate previous tax returns, your employment or business situation, asset ownership and structure, as well as a range of other factors that may allow you to maximize your return on investment.

To get your custom-tailored tax reduction strategy, or to speak with a tax strategist, simply fill out your details through the link below:

Thank you Chase Edwards for helping me secure my financial future...my Mortgage is now reducing...I have saved tax and the process was very easy..The professional staff were fantastic. .highly recommend that people should seriously make the appointment for the consultant to come to your house..it will be the best thing you can do for yourself Jo.

Joanna Lody
tax depreciation

What Tax Deductions Can I Claim?

Typically, when claiming tax deductions, this will relate to costs incurred in relation to your income or job. Some popular examples include:

  • Vehicle and travel expenses 
  • Clothing (such as laundry and dry-cleaning)  
  • Home office expenses
  • Self-education or upskilling expenses
  • Tools and equipment 

Additionally, you may also be able to claim on things like your tax management, gifts/donations, interest and personal super contributions. If you own or are thinking about investment property, there can be some huge tax advantages based on government incentives. To speak to a tax strategist about what you can claim, simply enter your details through the link below:

How Does Tax Reduction Work?

Tax reduction, otherwise known as tax minimization, typically works in one of two ways:

  1. Reducing the amount of tax paid through personal income - usually done through arrangements like salary sacrifice or voluntary super contributions. 
  2. Increasing the amount of tax deductible claims.

 If you have an accountant, they will typically claim and advise on the best tax reduction strategy based on where you are currently. This is where the addition of a financial planning and strategy is crucial in reducing your tax. With the combination of financial strategy, planning and accounting, you'll not only reduce the amount of tax you're currently paying - but you'll position yourself to pay lower taxes year-on-year.

Personal Income Tax ATO
Chase Edwards

The Advantages Of Paying Less Tax

Simply put, paying less tax means more money left to do with as you please. With more money coming in year-on-year, the benefits of reducing your tax will likely have a compounding effect on your financial position. So, what does this mean for you? It could mean:

  • Paying off the mortgage quicker 
  • Having some extra money to invest
  • The ability to save more
  • The ability to work less
  • The opportunity to travel 

These are just some of the ways Chase Edwards clients have used their extra income, however, the decision is completely on you. Whatever your financial goals, we're here to help you achieve them. To take your first step towards reducing your taxes in 2020, simply enter your details through the link below: