Year end tax planning starts now!
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Running Time: 8:37
The financial year has finished – so it’s time to put your feet up and relax, right? No! In fact, now's the time to start tax planning.
You’ll get a much better result if you integrate tax planning with your business activities throughout the year. So says Michael Jones of Cummings Flavel McCormack, who explains for example that you need to be aware of certain things - like trusts, income and deductions - now in order to claim tax concessions at the end of June. Tax planning now can make a big difference down the track, so don't put it off!
Topics: Accounting & Tax
Michael Jones, Cummings Flavel McCormack