Tax saving strategies prior to 1 July 2022:

Covered in our end of year checklist are strategies to maximise your deductions and related information required to substantiate your deductions.

Common claims made by Individuals:

1. Depreciating assets costing $300 or less
2. Clothing expenses
3. Self-education expenses
4. Other work-related expenses

Including all information required to collate your income

Maximising deductions for Businesses:

1. Prepayment strategies
2. Accelerating expenditure (including depreciation deductions)
3. Accrued expenditure
4. Small business taxpayer strategies

If you have any queries in relation to your end of year tax planning, please do not hesitate to contact us .