In this edition:
Important information for taxpayers
With 30th June fast approaching there are many ways in which entities can defer income, maximise deductions and take advantage of other tax planning initiatives to manage their taxable incomes. Taxpayers should be aware that in order to maximise these opportunities, they need to start the year-end tax planning process early. Of course, those undertaking tax planning should be aware of the potential application of anti-avoidance provisions. However, if done correctly, tax planning can provide a number of tax savings for entities.
Below we look at some of the tax planning opportunities for businesses as well as provide a checklist for our business and SMSF clients to consider before 30 June comes around.
Business taxpayers
Individual taxpayers
Considerations for SMSF Trustees
Trust considerations
Please contact your GCC team member if you have any queries or to assist you in planning for 30 June.
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Baulkham Hills, NSW 2153 Australia
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F: (02) 9899 1524
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