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