Many business clients like to review their tax position before the end of the income year and evaluate any strategies that may be available to legitimately reduce their tax. Traditionally, year-end tax planning for profitable small businesses is based around accelerating deductions and deferring income. […] CONTINUE READING
You will need to provide us with information to assist in preparing your income tax return. Please check the following and provide any relevant statements, accounts, receipts, etc., to help us prepare your return. Income/Receipts: Expenses/deductions. See our website for a list. […] CONTINUE READING
The ATO is focusing on work related expenses, rental properties and failing to include all income on your income tax return this tax time.[…] CONTINUE READING
With the end of the 2023/24 financial year fast approaching, it is again time to consider the rules concerning contributions made to your self managed funds or other superannuation funds for this year. Following are some guidelines regarding current rules and ATO requirements. […] CONTINUE READING
