Even though the current financial year is winding up, don't assume that your 2012-13 tax outcome is set in concrete just yet.
There are still some legitimate tax planning strategies that can change the ultimate tax you have to pay, and looking into them can ensure you pay not a cent more tax than you have to.
And given that the next financial year is just around the corner, don't forget there are several legislative changes that kick in from July 1. We run over many of the reforms and note how these could affect income tax returns for you or your business going forward.
We also review the eligibility conditions for an immediate $300 deduction that is available for many taxpayers, uncover a method to enable certain taxpayers to boost GST credits that many business owners may not have realised is available, and take a brief look at the ins and outs of family business succession planning.
Click here to read the full issue...
- Last-minute individual tax planning tactics
- Am I eligible for the $300 deduction?
- Changes to the 2013 tax return
- Are you able to boost your GST credit claims?
- A guide on family business succession planning
Should you require more information regarding any topic touched upon in this newsletter, please feel free to contact our office for personal advice on 02 9686 3130.
Disclaimer: All information provided in this newsletter is of a general nature only and is not personal financial or investment advice. Also, changes in legislation may occur frequently. We recommend that our formal advice be obtained before acting on the basis of this information.