Month: June 2024

As the financial year draws to a close, it’s crucial to ensure that you’re well-prepared for tax time. Whether you’re a business owner or an individual taxpayer, nobody wants to pay more tax than necessary. Here are detailed tips and advice to help you minimize your tax liability legally. Why Seek Professional Tax Planning Advice? … Read more

Prepay Expenses: Prepay expenses where possible to get a tax deduction in this financial year. Also, ensure you run the final payroll for this year before June 30th, subject to your pay cycle. Superannuation Contributions: Pay your employees’ superannuation for the June quarter before June 30th to claim a deduction for this financial year. Verify … Read more