Chartered Accountant Timothy Quinn leads Tax & Accounting at Lawpath. 16+ years in tax advisory, specialising in startup growth and expansion. Passionate about supporting entrepreneurial clients with early-stage investment incentives, restructuring, international exit strategy planning, and more.
As the financial year draws to a close, many business owners are left wondering if they could have done more to reduce their tax bill. In most cases, they could have—if they had taken action just a few weeks earlier.
That’s where Lawpath’s Tax Planning Reports come in. These reports are designed to help you take proactive steps before 30 June, so you can take full advantage of legal tax-saving opportunities tailored to your business and family situation.
Table of Contents
What is a tax planning report?
A Tax planning report is a personalised, accountant-prepared roadmap that outlines how you can reduce your tax this year. It’s not a generic checklist or AI-generated template. It’s a one-on-one consultation with a qualified accountant who:
- Knows your business
- Understands your goals
- Reviews your financial position
- Identifies tax strategies you can implement now
- Calculates your actual savings from each opportunity
At the end of the process, you receive a report that sets out each strategy clearly, showing how much tax you’ll save and what steps to take to realise those savings.
What’s included in the report?
Every tax planning report is tailored to your individual circumstances. Depending on your structure and situation, it may include:
- Strategies for timing income and deductions
- Superannuation contributions
- Asset write off odds
- Trust distribution planning
- Paying yourself (or family members) in the most tax-effective way
- Reviewing loans, fringe benefits, or Division 7A risks
- Considerations for investment properties or capital gains
- Opportunities for small business tax offsets
Each item in the report is accompanied by:
- An estimate of how much tax it will save you
- A clear explanation of what’s involved
- Practical steps and timing guidance
What do you need to bring?
We often hear clients worry that they need to have everything “perfectly prepared” before booking a tax planning meeting. The good news is: you don’t.
All you really need to bring is:
- Yourself
- A general sense of how your business has been tracking
- Any preferences you might have (e.g. reinvesting profits, paying dividends, distributing to family)
Your dedicated accountant will guide the process from there. However, if you can ensure that your accounting records (e.g. Xero, QuickBooks, MYOB) are up to date to at least the end of April or May, this allows us to provide more precise recommendations for your expected position at 30 June.
But even if you’re not quite there yet, we’ll still be able to give you valuable insights—and help you prioritise any catch-up actions.
Why now is the time
Tax planning is about being proactive, not reactive. Once 30 June has passed, your options narrow significantly. For many strategies, timing is everything—whether it’s paying super before year-end, deciding who receives trust income, or investing in deductible assets.
By booking in before the financial year ends, you give yourself the opportunity to make decisions with real impact. And the earlier you start, the more flexibility and choice you have.
Need Financial or Legal Advice for your small business?
What makes Lawpath’s approach different?
At Lawpath, we focus on helping small businesses, sole traders and growing companies who want clear, practical tax advice. Our Tax Planning Reports are:
- Personalised – tailored to your business and family structure
- Straightforward – written in plain English with clear action steps
- Cost-effective – backed by our guarantee that you’ll save more in tax than the cost of the report
This isn’t about finding loopholes or taking risks. It’s about smart, legitimate strategies backed by experience and delivered with care.
Who should consider a report?
If you:
- Run a business or trust
- Receive dividends, wages or drawings
- Are planning a major purchase or restructure
- Want to minimise your tax while staying compliant
… then a tax planning appointment could save you thousands.
Ready to take the next step?
Booking a Tax Planning Report is easy. Book your report and you’ll be matched with one of our tax accountants who will meet with you (via Zoom or phone), prepare your report, and walk you through the findings.
It’s a simple, effective way to take control of your tax and finish the year strong—without the stress of doing it alone.
Don't know where to start?
Contact us on 1800 529 728 to learn more about customising legal documents, obtaining a fixed-fee quote from our network of 600+ expert lawyers or to get answers to your legal questions.
