The best time to implement taxation management strategies is prior to starting business or before the activity or transaction occurs which will result in an income tax or capital gains tax liability. This allows a full range of strategies to be considered which include the choice of a business or asset holding structure and the timing of events which may impact on the amount of taxation which is involved.

PKF can work with you to incorporate other considerations into your taxation management strategies such as asset protection, wealth creation, succession and estate planning.

Sometimes the activity or transaction which has taxation consequences has already occurred and PKF’s role will be to ensure that the available liability management strategies are identified. It may even be a case of just ensuring that the taxation liability is calculated as precisely as possible  and ensuring that all elections, offsets and concessions are identified and considered.