The countdown is on! With only 17 days until EOFY now is the time to be focusing on tax planning. There are many processes that can be undertaken to minimise your 2014 tax bill (or maximise your refund!). Please think briefly about the following options and whether or not they could apply to you. 1- Deferring assessable income 2- Maximising deductions purchased prior to 30/06/14 3- Using superannuation contributions to lower taxable income 4- Organise private health insurance for those on high incomes 5- Utilise Farm Management Deposits for agricultural enterprises These are just some of the many ways in which we can assist you with your tax planning, and are general in nature. Remember to contact our friendly staff if you have any specific queries in regard to your individual situation.
Posted on: Fri, 13 Jun 2014 05:18:29 +0000
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