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Tax Saving Tips for Year End
Year End Tax Tips for Individuals and Businesses – Save Tax Now – Hurry ends 30 June
- Delay Income – invoice or get paid after 30 June
- Bring forward expenses
- Prepay Expenses up to 12 months in advance
- Maximise Concessional Super Contributions – up to $25,000 or last opportunity for those over 50 to contribute $50,000
- Maximise Medical Expenses as thresholds change next year
- Utilise the Super Co-Contribution –for the last time the Government will match up to $1000 – reducing to $500 from 2012