Tax planning: Webinar

The Australian Taxation Office (ATO) allows you to arrange your financial affairs to keep your tax to a minimum. This is commonly known as tax planning.

This introductory workshop will explain the rules around tax planning, so you can maximise your return and/or discuss strategies you may wish to implement with your accountant.

Having an up-to-date copy of your business accounts on hand for this session will be of benefit.

Main topics covered

• understanding tax planning rules and how they can benefit you
• determining if you should lodge early or on the last day
• how to ‘optimise’ the amount of tax you pay
• determining whether you should purchase new business assets
• super contributions and your tax
• determining how to pay yourself as a business owner
• how to manage bad debt
• analysing if you should prepay expenses.

Please note: The information provided in this workshop is general in nature. The SBDC recommends that you speak to your accountant or tax professional before implementing any of the strategies discussed.