Reduce company tax – accruing director fees

Disclaimer. This blog post is a general discussion only, it is not intended as personalised advice. Professional services from accountant and lawyer are strongly recommended. One of the common tax planning strategies for family-owned companies is accruing director...

The Secrets of Right and Wrong Tax Deductions

Many clients ask us if they should spend money to purchase an item before 30 June to get the tax deduction for it. The answer is simple – YES if you really need the item, and NO if you don’t.   Many times, people spend money on things just to get extra tax back,...

2012 Business Tax Planning Strategies

The end of the 2011/12 financial year is almost here, so now’s the time to review what strategies you can use to minimise your tax. 1. Concessional Superannuation Caps The concessional superannuation caps for 2012 are $25,000 for persons under age 50, and...