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Share Trading Tax Planning
Are unpredictable tax bills and last-minute surprises putting a strain on your share trading profits?
It’s annoying when you’re unsure exactly how much tax you’ll owe, when it’s due and if you’re missing out on valuable concessions that could boost your cash flow.
Our Perth-based accountants understand that every share trader needs clarity and a reliable plan for managing tax obligations.
The Problem
For many share traders, the end of the financial year brings uncertainty. You might find yourself wondering:
- How much tax is going to be payable on your realised gains?
- When are these tax payments due?
- Are you missing out on generous tax concessions that must be acted upon before 30 June?
Without a solid tax planning foundation, unexpected tax bills can disrupt your cash flow and compromise your ability to reinvest in your trading activities.
Our Solution
At Munro’s, our specialist tax accountants based in Perth and servicing share traders across Australia are able to build a robust tax planning strategy for you that delivers peace of mind. We begin by laying a strong foundation with our Advanced Tax & Asset Protection Strategies report.
Thereafter, through our Annual EOFY Tax Estimate & Savings Plan service we:
- Analyse and Forecast: We thoroughly review your trading performance, calculating the taxable profit you’ve already achieved and forecasting your potential profits for the remainder of the financial year.
- Determine Obligations: Our experienced tax accountants work with you to determine exactly how much tax will be payable and when those payments are due over the next 12 to 18 months.
- Identify Opportunities: We uncover practical, legal strategies that can reduce your tax liability.
Key Benefits & Outcomes
When you choose Munro’s for your share trading tax planning needs, you enjoy:
- Predictable Cash Flow Regarding Taxes: Avoid nasty surprises with a clear forecast of your tax obligations, giving you the confidence to plan your trading and investments.
- Legally Minimised Tax: With tailored strategies, we help you capitalise on available concessions and reduce your taxable income, ensuring you never pay more tax than necessary.
Read Key Points & Transcript
Tax Planning Advice for Share Traders by Perth-based Accountants
video key points
- For every Australian business, engaging with a tax specialist from the start is essential to legally mitigate taxes and ease compliance obligations, ensuring your business is set up optimally and stays compliant over time.
- Determining whether your trading activities classify you as a “business” or an “investor” is crucial, as it impacts your tax liabilities and eligibility for benefits like the Capital Gains Tax (CGT) discount.
- Managing a trading portfolio alongside long-term investments requires careful consideration to avoid inadvertently affecting your CGT discount eligibility while optimising your tax position.
- From a compliance perspective, businesses must address GST registration, Business Activity Statements (BAS), financial statements, and trading stock rules to effectively mitigate taxes, while also navigating Division 7A and non-commercial loss rules.
- Booking a free Get To Know Each Other meeting with a Munro’s tax specialist is a recommended step for personalised guidance on navigating share trading complexities.
Presented by: Sanjay Nair
video transcript
Our first piece of advice for every Australian business, whether or not they are into shares, is to speak with a tax specialist right from the start and ongoing.
Why? To legally minimise taxes and ease compliance obligations, you need to be set up optimally from the beginning and stay on top of your obligations quarter by quarter, year by year.
When it comes to shares and other similar investments, one of the first things to consider is whether your trading is classified as a “business” or “investor”. It’s not as simple as declaring it; we need to examine several criteria and your unique circumstances to determine the appropriate classification.
This is especially crucial if you hold a portfolio for trading and a portfolio for long-term investments. You may want to benefit from the CGT discount for longer-term investments, but how you manage these alongside your other trading activities can impact your eligibility.
From a compliance standpoint, we need to consider GST registration, Business Activity Statements, financial statements, and the best utilisation of trading stock rules to mitigate taxes. We also manage Division 7A, handle non-commercial loss rules if applicable, and explore other relevant compliance and tax planning opportunities.
When you’re ready for professional assistance, please book a free Get To Know Each Other meeting. We look forward to discussing how we can help you navigate the complexities of share trading and investments, ensuring your business is both compliant and optimally positioned for tax mitigation.
Frequently Asked Questions for Share Trading Tax Planning
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What is share trading tax planning?
It’s a service designed to help you understand your taxable profit from share trading, forecast future tax obligations and implement strategies to legally minimise your tax. By building a solid foundation early, you can avoid unexpected tax bills and boost your overall after tax profit. -
Why should I invest in an Advanced Tax & Asset Protection Strategies report?
Operating your share trading and investments with the right advice can significantly impact your future tax liabilities. Our report provides a detailed roadmap for tax minimisation and asset protection, helping you avoid costly mistakes and build a solid foundation for wealth generation and protection. -
Are your tax planning services available to share traders outside Perth?
While Munro’s is based in Perth, our accounting and tax planning services are available to investors and traders across WA and Australia-wide. -
Why should share traders choose Munro’s for tax planning?
Our clients consistently highlight our responsiveness, specialist knowledge and the peace of mind our proactive approach brings. With over 100 five–star Google reviews, Munro’s is trusted accountant for share traders looking to achieve predictable, effective tax outcomes. -
What is the price of your accounting services for share traders?
Our pricing is transparent and reflects the complexity of your specific needs. Please visit our pricing page and then contact us for a personalised quote. -
How do I get started with your share trading tax services?
For tailored tax advice, book a tax consultation. To get to know us, book a brief initial Get To Know Each Other meeting.
Where To Begin
Advanced Tax & Asset Protection Strategies Report
$4,000 (excl. GST)
Tax Minimisation Strategies Report
Can you say with absolute confidence that you are paying the legally minimum amount of tax possible?
Take the spam-free* Tax Minimisation Diagnostic
* You’ll receive only two emails, which deliver the results, analysis and recommendations from the diagnostic. You won’t be added to our mailing list unless you explicitly opt-in.
Discover Our Key Services & Solutions
Accounting for Share Traders
Business Accounting
Business Advisory
Asset & Wealth Protection
Tell us about your problem and we’ll respond within 1 business day.
- Call Us 1800 818 924
- Email Us hello@munros.com.au
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Visit Us
308 Fitzgerald Street
Perth WA 6000