Businesses: plan now for tax time
Planning for your tax now enables you to make changes before the end of the financial year – changes which could significantly reduce the size of your tax liability. We encourage all businesses to conduct a tax planning session before 30 March to ensure you have time to take action and improve your tax position.
Benefits of tax planning before 30 June:
- Make changes now so you can potentially pay less tax (only pay what you are legally required)
- Free up cash to meet your tax liability
- Better understand your current overall position, and identify what you need to do to achieve your goals
Take action now, and reap the benefits at tax time.
To be effective, tax planning needs to commence before 30 March. Contact your adviser today on (03) 8888 4000 to arrange a tax planning meeting; we’ll assess your position, identify where you need to take action, and provide you with an action plan to minimise your liability where possible.