As the end of the financial year approaches, one of the most valuable things you can do is take a proactive approach to your tax, financial structures, and asset protection.
At Growth IQ, we don’t just lodge tax returns after the financial year has ended—we work with our clients ahead of time to ensure they are structured correctly, meeting their obligations, and making smart financial decisions before 30 June.
This process helps you:
- Manage tax effectively—ensuring you’re not paying more than necessary
- Protect your assets—by reviewing your business, investment, and trust structures
- Ensure compliance—so there are no last-minute surprises
- Improve cash flow visibility—so you know what’s ahead
- Tick every financial box—estate planning, insurance coverage, and year-end reviews
If your current accountant isn’t doing this for you, it’s worth asking whether you’re getting the strategic financial guidance you need.
What Happens During Tax Planning?
Between April and June, we take a structured approach to reviewing your financial position and providing clear action steps before the financial year closes.
Step 1: Reviewing Your Projected Taxable Income (By 1 April)
We assess:
- Your projected taxable income for the financial year
- Tax instalments already paid
- Your expected tax position if no action is taken
- Key opportunities to manage tax and optimise your financial structure
Step 2: Sending Your Tax Planning Summary
In early April, you’ll receive an email outlining:
- A high-level overview of your tax position
- Key recommendations and planning opportunities
- A booking link to schedule your tax planning meeting
Step 3: Tax Planning Meetings (28 April – 6 June)
In this one-on-one meeting, we’ll:
- Fine-tune your tax planning strategies
- Review your business and investment structures to ensure asset protection
- Cover year-end reminders such as estate planning, insurance reviews, and compliance checks
- Create an action plan for what needs to be completed before 30 June
Step 4: Finalising Your Plan & Taking Action
After your meeting:
- We’ll finalise your tax planning report with all agreed strategies
- You’ll receive a follow-up email with key action steps
Step 5: Implementing Before 30 June
By mid-June, all necessary actions should be completed—whether it’s prepaying expenses, managing trust distributions, paying employee super early, or reviewing structures.
At this point, you can feel confident that everything is in order and that your financial position is well-managed for the new financial year.
Why This Process Matters
This is not just about tax. It’s about ensuring you have financial security, full compliance, and no unexpected surprises.
By engaging in tax planning, you:
- Take control of your tax position rather than reacting after the fact
- Ensure your business & investments are structured correctly
- Reduce financial risk by keeping everything up to date
- Sleep easy knowing that every box has been ticked before 30 June
Most accountants don’t do this level of planning. They simply prepare tax returns after the year is over. At Growth IQ, we believe that smart financial decisions require forward planning—which is why this process is built into how we work with our clients.
What You Need to Do Next
If you’re a Growth IQ client:
- Look out for your tax planning email in early April
- Book your tax planning meeting as soon as possible
- Review and implement the agreed strategies before 30 June
If you’re not currently working with us but want to ensure you’re structured correctly, protecting your assets, and proactively managing tax, reach out to us.
Many accounting firms don’t offer this level of planning, but we believe it’s essential for business owners, investors, and anyone serious about protecting their wealth.