Taking full advantage of Australian Tax Legislation to ensure that you don’t pay anymore tax than you are required to by Law
Good recordkeeping doesn’t have to be expensive but it can save you tax dollars by having your expenses correctly recognised. Correct recognition of your Income and Expenses also enables you to make better management decisions to improve your business.
Looking forward at what your Income & Expenses are likely to be gives you the ability now to implement strategies for the End Of Financial Year to purchase essentialequipment and necessary assets.
Superannuation is your BEST business expense. The ATO gives you a tax deduction for your contributions but ultimately the money is still yours when you retire.