Businesses and Individuals should be reviewing their affairs to ensure the best possible tax outcome for the 2023 financial year.

Warning - What can tax planning do to the value of your business - https://mcnamaraandco.au/blog/tax-planning-v-value-planning

9 areas to consider:

1.    Reducing assessable income

2.    Increasing your deductions or tax offsets

3.    Diverting income

4.    Selecting an appropriate tax vehicle  

5.    Deferring capital gains events

6.    Moving money into lower tax structures, i.e., Superannuation Funds 

7.    Reviewing your asset register

8.    Reviewing your stock ledger

9.    Reviewing your debtors ledger for bad debts

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

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