Well, it’s that time of the year again when you should be completing Pre-Year End Tax Planning to see the financial position of your business. I believe that the next eight 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 of the 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
Email | tim@igniteacc.com.au
Mobile | +61 439 030 850