Year End Tax Planning
The end of the 2018/19 financial year is fast approaching, so NOW is the time to consider what actions you can take before 30 June, to reduce your tax and grow your wealth.
The key priorities for taxpayers are likely to revolve around:
- Bringing forward deductible expenses
- Deferring taxable income
- The instant asset write–off (for small business entities)
- Farm Management Deposits (for primary producers)
- Bucket Company allocations (for discretionary trust structures), and
- Superannuation contributions
We have attached Business and Personal Tax Planning Guides to inform you of some of the tax planning opportunities available prior to the 30 June DEADLINE. Please click on the links below the view the guides.
If you are a business client on a Fixed Price Agreement (FPA), that includes our tax planning service, we will be in touch in the near future to obtain the necessary information to project your business profit, consider various tax planning strategies and scenarios, before meeting to discuss the recommendations contained in your comprehensive 2018/19 Tax Plan.
If you are a business client not yet on a FPA, a personal tax return client or a prospective client, please contact our Manjimup office on 97771909 or our Pemberton office on 97761909 as soon as possible, to arrange an appointment to discuss your tax planning requirements, so that you can take the necessary steps to reduce your tax before the 30 June DEADLINE.