Tax Planning

Smart strategies for better outcomes

At McMillans Accountants Traralgon, we believe tax planning isn’t just something you do at the end of the financial year—it’s an essential, ongoing part of managing your finances or business. With proactive tax planning, you can reduce your tax liabilities, improve cash flow, and make smarter decisions throughout the year.

Why tax planning matters

Without a plan, you risk missing valuable deductions, making rushed decisions, or paying more tax than necessary. Strategic tax planning ensures that you:

  • Legally minimise the tax you pay

  • Take full advantage of government concessions

  • Understand the tax implications of your decisions

  • Maximise available deductions and offsets

  • Improve after-tax income or profit

Who we help

Whether you're an individual, investor, sole trader, or business owner, our tax planning services are tailored to suit your goals, income structure, and long-term plans.

What we can do for you

Our tax planning services include:

  • End-of-year tax planning meetings: Forecast your tax position and implement strategies before June 30.

  • Small business tax strategies: Explore options like temporary full expensing, prepaying expenses, and reviewing business structure.

  • Investment and capital gains planning: Structure your investments to reduce tax on dividends, interest, and capital gains.

  • Superannuation contribution strategies: Maximise concessional and non-concessional contributions within the limits.

  • Income distribution for trusts and businesses: Ensure the most tax-efficient outcomes for beneficiaries or shareholders.

  • Salary packaging and PAYG variation advice: Help reduce tax withheld from wages for property investors or high-income earners.

  • ATO compliance review: Ensure you’re meeting obligations while claiming every legal deduction.

Planning now means saving later

Waiting until tax time to “see how it all lands” often means missed opportunities. At McMillans, we sit down with you before year-end to put a plan in place—so you’re prepared, not surprised.

Let’s make a plan

Ready to take control of your tax position? Contact the McMillans team in Traralgon to book your tax planning consultation.