Smart Tax Minimisation Strategies for Savvy Business Owners

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Helping Gold Coast Businesses Reduce Tax.

Tax Minimisation for Your Small Business

Tax minimisation is the legal way your business can reduce the amount of tax you owe to the government, without resorting to tax avoidance or tax evasion.

Wear Accountants believes that tax minimisation is important for an Australian small business like yours. It can result in significant savings which you can use for new equipment, hiring additional staff, or expanding your business growth.

Bookeeping Checklist Form

Download your free 28-point checklist on staying compliant, minimising tax, protecting your assets and managing your finances.


Book your 15-minute discovery session call to find out IF and HOW we can help you and then, if relevant, we’ll book your complimentary tax review.

How Our Tax Minimisation Services Work

Wear Accountants can help you in reducing your tax liability. Our experienced tax professionals can identify deductions that you may be entitled to.

Initial Consultation

We will spend time with you to analyse your finances and identify opportunities for tax savings.

Personalised Plan

Our experts will develop a tax minimisation strategy that aligns with your business objectives.


Our team will ensure you are compliant with regulations while maximising tax savings.

Regular Reviews

We will regularly review and update your plan to ensure you’re always one step ahead.

Tailored Tax Minimisation Services by Wear Accountants

We are a boutique accounting practice and enjoy working closely with clients. Wear Accountants will take the time to understand you and your business so we can come up with a personalised tax minimisation strategy. Our tax minimisation strategies include:

Reviewing Your Structure
Implementing the Best Tax Strategy (End of the Year)
Preparing Taxation Payment Projections
Looking at Staff Incentive & Bonus Calculations
Tax-Effective Exit Strategies
Depreciation & Capital Works Expenditure
Correct Utilisation of Small Business Capital Gains Tax Concessions

Tax minimisation is part of The 6-Step Service Plan™ that we developed to support business owners like you.

Experience Wear Accountants’ Personalised Services

We are a Queensland accounting firm founded by Mel Wear, a Chartered Tax Advisor who has worked with business owners across diverse industries. We are glad and grateful for our clients who choose to enjoy our:

Excellent Team

We have a highly qualified team of accountants who specialise in helping small businesses in their financial management.

Track Record

We have done extensive work with businesses in various sectors, with clients who have been with us for over 25 years.

Personalised & Customised Approach

Our clients love that we are accessible and approachable, addressing clients’ concerns in an individualised and personalised way.

Ongoing Support & Guidance

We ensure that clients have a direct line to our team and always aim to respond to emails within 24 hours, so we can provide timely assistance.

Helping Your Business is Wear Accountants’ Business

Being able to help small businesses with their accounting and financial management is what makes our work worthwhile. We are thrilled when a client gains confidence in their financial position and excitedly anticipate their business thriving.

Start-up? Entrepreneur? Professional? Small Business?

Whichever your business falls under, we look forward to working with you. Let’s explore what we can do to reduce the tax you have to pay. Tap below to schedule your 15-minute discovery session and see if you are eligible for a free tax review.


What is tax minimisation?

Tax minimisation refers to the legal strategies and actions individuals and businesses take to reduce the amount of tax they owe to the government.

Is tax minimisation legal in Australia?

Yes, tax minimisation is legal in Australia, if it is done through legal means and does not involve tax evasion or fraud.

How can our small business benefit from tax minimisation?

Your small businesses in Australia can benefit from tax minimisation in several ways, such as:

  • Claiming Deductions: You can claim a range of deductions to reduce your business’ taxable income, including expenses related to running the business (rent, wages, equipment, marketing costs, etc.).
  • Utilising Tax Offsets: Your business may be eligible for various tax offsets, or credits that can be used to reduce tax payable. For example, you may get a tax reduction of up to $1,000 if your business has a turnover less than $5 million.
  • Taking Advantage of Instant Asset Write-offs: You can take advantage of the instant asset write-off scheme. This allows your business to immediately deduct the cost of eligible assets (such as machinery, equipment, and vehicles) up to a certain threshold.
  • Superannuation Contributions: You can contribute to your employees’ superannuation funds, which can help to reduce their taxable income, providing them a valuable benefit.
  • Structuring the Business Effectively: Your small business can also benefit from effective structuring. One way is by setting up a trust or company, which can provide tax benefits and asset protection.

Note that tax minimisation strategies should always be implemented within the bounds of the law. It should not involve any illegal or unethical practices.

Do I need an accountant to avail of tax minimisation?

No, you do not necessarily need an accountant to avail of tax minimisation in Australia. However, seeking advice from a qualified accountant or tax professional can greatly help in identifying legal tax minimisation strategies that are best suited for your specific situation.

An accountant or tax professional can also assist you with preparing and filing your tax return, ensuring that you claim all eligible deductions and credits, and complying with tax laws and regulations.

A tax professional can also provide ongoing tax planning advice to help you minimise your tax liability in the future.

What are some tax deductions that I can claim for my business?

Some tax deductions that you may be able to claim include:

  • Operating expenses – rent, utilities, office supplies, and equipment
  • Motor vehicle expenses – fuel, repairs, and maintenance incurred while conducting business
  • Travel expenses – airfare, accommodation, and meals incurred while conducting business
  • Depreciation – a deduction for the decline in value of assets used in the business over time, such as machinery, equipment, and vehicles.
  • Bad debt – a deduction for debts that are unlikely to be recovered
  • Superannuation contributions – a deduction for contributions made to their employees’ superannuation funds
  • Insurance – a deduction for insurance premiums paid, such as public liability and professional indemnity insurance
  • Advertising and marketing – a deduction for expenses incurred in advertising and marketing their products or services
  • Other work-related expenses – tools, uniforms, training, self-education expenses, charitable donations, and investment expenses

What is superannuation and how I use it to minimise tax?

Superannuation is a retirement savings plan in Australia. It is a compulsory contribution that employers make on behalf of their employees. Voluntary personal contributions can also be made.

Contributing to superannuation can help minimise tax in two ways.

  1. Contributions are taxed at a lower rate than regular income.
  2. Contributions can be claimed as a tax deduction, which reduces your taxable income.

Are there any risks involved in tax minimisation strategies?

While tax minimisation strategies can be effective in reducing tax, you must ensure that they are done through legal means and in accordance with the tax laws. Using aggressive or questionable strategies could result in penalties, fines, and legal consequences. It is best to seek advice from a qualified accountant before engaging in any tax minimisation strategies.

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