Morrows Knows – Tax Planning
There is something for almost everyone in our items below. Please make some time to review these tips and contact us to implement the best ideas for your situation.
- Small Business Entity (SBE) Strategies
- Changes to use before they disappear
- Income Recognition and Expenditure Reviews – if you have a SBE, consider these
- Special deductions to consider
- Stock, bad debts, wages to children and carried forward losses
- Discretionary Trusts – for existing trusts ensure income distributions are sorted and ask us whether a trust could improve your situation
- Superannuation – a must for tax planning
- Prepayments for specific items
- Other Taxation Considerations including Negative Gearing and the Temporary Budget Repair Levy