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Year end tax planning strategies

Do you know what your expected tax bill will be this Financial Year?

Consider the following Tax Planning strategies before 30 June 2020.

  • Writing off Bad debts before 30 June
  • Adjusting for income in advance
  • Accruing Directors fees/wages before 30 June
  • Paying super pre 30 June/topping up super
  • Bringing forward or prepaying expenses such as rent, interest before 30 June
  • Taking advantage of $150k instant asset write off or writing off SBE Pool Value less than $150k
  • Dividends to repay directors loans
  • Repayment of shareholder loans before 30 June
  • Review and write off obsolete stock/adjust values/valuation method
  • Reviewing any unrealised capital losses to offset potential capital gains

To book a review of your business, contact us for a Tax Planning appointment.

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