Once the financial year has ended, your tax planning options reduce massively and so does the ability to reduce your tax.
The real secret to saving tax is planning your tax strategy before the end of the financial year.
Superannuation contributions are just one example. Superannuation contributions must be paid and the cheques cleared in order to get a deduction in that financial year.
The right structure for your business is essential. The incorrect structure could cost you thousands in extra tax and also have significant asset protection problems.
We can help you improve your tax planning options by putting in place the right strategy for your business and personal goals.
Contact our tax accountants by completing the form below: