Taxation is complicated. But shouldn’t be yours to bear. The tax advisory team at Camphin Boston delivers advice you can trust. Our team undergoes continuing professional education to keep up with changes in the taxation environment to make sure your business is  compliant.

Camphin Boston are experts in:

  • Capital gains tax
  • International tax
  • Fringe benefit tax planning and compliance
  • Indirect tax –stamp duty and payroll tax
  • Major transactions – buying, merging, and selling your business
  • Estate and Retirement tax planning
  • Salary packaging
  • Tax consolidation
  • Tax minimisation
  • Tax return preparation

Let's talk about Taxation Advice

  • What are the most common ways to make a capital gain or loss?

    • Selling or giving away an asset
    • Loss or destruction of an asset
    • Cancellation, surrender or redemption of shares
    • Becoming a non-resident

  • Are there ways to reduce the tax payable when I sell my business?

    Yes. Strategies using superannuation, general Capital Gains Tax (CGT) concessions or small business CGT concessions may be tailored to your circumstances in order to reduce the tax payable when you sell your business. If eligible, you can apply for as many concessions as you’re entitled to until the capital gain is reduced to nil. It’s important to get tax and financial advice as early in the sales process as possible so that issues such as whether to sell shares or business assets can be included in negotiations.

  • How do I maxmise the tax benefits of negative gearing from my investment property?

    You can claim expenses relating to your rental property, but only for the period your property was rented or available for rent. For example, advertising for rent, bank charges, body corporate fees, cleaning, council rates, gardening, insurance, interest, land tax, and property agent fees.

    People often miss out on maximising their negative gearing benefits by not being aware or not claiming deductions for items such as travel costs relating to the inspection of the property and depreciation of the building and/or fixtures and fittings.

    The ATO actively audits rental property claims to ensure capital works and depreciating assets are claimed correctly.

  • Are there ways to reduce my personal income tax?

    Yes. There are a number of strategies that can reduce the amount of tax you pay. Strategies include: use of self-managed superannuation fund transition to retirement income streams, pre-payment of deductible expenses, selling and repurchasing assets to offset capital gains, negative gearing, living-away-from-home allowances, salary sacrificing and salary packaging.

  • Do I have to pay tax on shares received under an Employee Share Scheme?

    Employee Share Schemes can be complex. Your employer should provide you with an annual statement showing the value of any discount you received from an issue of employee shares to include in your personal tax return. In limited circumstances, you can defer paying tax on the shares until the point where they are sold or meet another tax condition.

  • Is my business eligible for the R&D Tax Concession?

    If your business is conducting research and development, it could be eligible for a cash refund or tax rebate. To access the concession, you must lodge an application form, document your R&D plan and maintain adequate records.

"Camphin Boston have been our accountants and tax advisors for over 31 years. They have seen our business expand from $15 million turnover to over $380 million and throughout that period have provided accurate and timely advice in all matters relating to accounting, tax, superannuation and business consulting.

The Camphin Boston team are true to their motto... they always simplified the complex issues like restructuring the business, expanding into new markets, R & D, tax planning etc and have always produced a quality result on time... every time.

Greg and his team have always been proactive when we need to develop business strategies, deal with business and tax issues and look at more efficient ways to run our business. They always have solutions to our business needs and we value their input."

- David and Catherine Harris

"Our group of companies have used Camphin Boston for all our specialist accounting needs for more than 25 years.

Our group of companies is diverse and includes a Property Group, a Sporting Apparel Group and a Marketing Company. Geographically, in addition to Australia, our operations extend to companies in New Zealand, China and Hong Kong.

We have always found the advice given by Camphin Boston to be timely and precise.

An indication of the professional service is exemplified in that we have all of our annual returns, including taxation returns and including the audit of one company completed within 30 days of the end of the financial year, each and every year."

- Tony Magnus

"I had a roundabout of accountants over a number of years. I then met Mark and his team and have been with them for the last 15 years. They provide consistently excellent service. Their work is accurate and responsive. Above all, Mark and his team provide thoughtful strategic business advice that goes beyond compliance."

- David Goding