Everyone has different needs when it comes to finances and the range of advice we provide is just as varied.
The following are just a few examples of areas where your Fairway team can support you as an individual.
Tax Advice
Short-Term Employment Secondment
A temporary employment secondment to another country can be exciting and a great opportunity to expand your skills and travel. Without careful planning though you can:
- Miss tax planning opportunities such as tax-deductions for your temporary living costs;
- Have your income taxed in both countries and suffer poor cash flow while you wait to claim back the double tax; and
- Undermine the future tax position of your other assets.
Your Fairway team can guide you through the process to make the very best of the tax position and avoid future surprises, allowing you to enjoy the secondment opportunity.
Considering Selling your Property
Properties are often the most valuable assets an individual owns so understanding the tax consequences before you sell and how a different sale structure or timing might alter that is critical.
Working out the Capital Gains Tax position on the sale of a property in the country where you live is complex enough and it only gets messier when that property is based overseas giving you two tax jurisdictions to consider.
Your Fairway team can prepare advice and calculations to help you make the best decisions to maximise the net receipt from your property sale and ensure you meet your reporting obligations.
Reducing you Annual Tax Liability
Tax time comes around so fast and life is so busy, there is not always time to think about the simple steps that will help to reduce your annual tax bill. Taking the time to really get to know clients and keeping up regular communication allows your Fairway team to identify and recommend those minor actions that can make a big difference come tax time.
Personal Finances and Accounting
How often have you got to the end of a year and wondered where all your earnings have gone or worse: had to struggle to find funds to cover an unexpected expense? Your Fairway team can analyse your personal finances to help you understand where your money goes and provide you with a simple and effective means of monitoring it.
