End of financial year is fast approaching. Now is the time to review your business, assess current financial positions and work on minimising your tax. A great way to minimise tax is to bring forward some of your costs. These costs can include rent, accounting fees, interest expense or low cost repairs and maintenance. If you have excess cash then bringing forward these costs will reduce your current year income which in turn helps to lower your tax.
If you would like assistance in establishing which costs should be brought forward and how to reduce your tax, contact us now. We can provide the guidance you need to comfortably position your business for the end of financial year.
Ellen Mubwandarikwa
Recent Posts
6 Reasons Why Your Job Costing Is Wrong
March 24, 2022
5 Reasons Your Trade Business Might Not Be Performing
February 11, 2022
Building Your Team
January 31, 2022
THE TECHNICAL CORNER: All Roads Lead to Cash
January 27, 2022
How To Set Up Your QBCC Portal To Lodge Your Annual Submission
November 29, 2021