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Tax Planning time
Margaret Paskin • June 4, 2022
Things to consider -
With a little discussion and thought, tax planning can greatly reduce tax expense and even worse, the fear of an unbudgeted tax debt. EOFY is also a great time to ensure all compliance matters are addressed. Typical items for consideration are:
- Trust distributions
- Bad debt write off
- Asset purchases
- Concessional super contributions
- Carry forward concessional super contributions
- Rental property deductions
- Motor vehicle deductions
For more, see here.
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