Ask us how we can help you reduce the amount of tax you pay this financial year

With 30 June looming, now is the time to consider tax planning. To assist, you can download our tax guides for Individuals or Businesses.

Our top tips for 2015/16 are:

Individuals: consider whether you’re maximising your allowable deductions and remember to keep detailed records especially when it comes to motor vehicle and work related expenses.

Businesses and Investors: from 1 July 2015, the income tax rate of small businesses (those with a turnover of less than $2 million) was reduced to 28.5%. Also consider the timing of income and the time frame for payment of any upcoming liabilities which could be completed prior to the end of the financial year.