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Tax Planning 2023

Well, it’s tax planning time again when you should be completing Pre-Year End Tax Planning to see the financial position of your business. I believe the next four weeks are the most critical weeks of a financial year as this is when you can work with your Accountant to minimise your tax.

I briefly cover some strategies you can apply to minimise your tax.

  • Review your Debtors

  • Review your stock levels

  • Review your invoices

  • Prepay Expenses

  • Accrue Expenses

  • Maximum Super Contributions

  • Temporary Full Expensing of Assets

If you need help or have any questions on how to minimise tax.

Tim Goode

Director | Ignite Accountants

Mobile | +61 439 030 850

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