By deferring your invoicing / billing until after 30 June 2014, you will have an extra year to pay the tax on that income.

Provided your business can support the cash flow effect, i.e., that the invoice will be remitted later than usual by your customer / client, this is a sound method of deferring / minimising your tax liability.

If you would like to discuss further please contact us:
McNamara and Co - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com

Please refer to disclaimer at the bottom of the page.