Money Magazine

5 ways to cut your tax bill

Tax law is complex, so it’s always worth speaking to your accountant or registered tax agent to be clear on what your business can claim in the run-up to June 30. With this in mind, here are five ways to make the most of year-end business expenses to trim your business tax bill.

1 Pay employee super contributions before June 30

Employee contributions owed under the superannuation guarantee (SG) can be paid quarterly, though some super funds, awards and private

You’re reading a preview, subscribe to read more.

More from Money Magazine

Money Magazine3 min read
Letter Of The Month
Paul's response to Tamara about her teenagers’ interest in shares (Ask Paul, February) is insightful. Might I add that an excellent way for teenagers (or anyone, for that matter!) to learn about shares is the biannual ASX Sharemarket Game. Her childr
Money Magazine4 min read
Beware The AI Magic Show
In 1770, at a lavish party in a Viennese parlour, the inventor Wolfgang von Kempelen unveiled his latest invention with a flair that Steve Jobs would have been proud of. To the wonderment of the audience, he revealed a large wooden box with a chessbo
Money Magazine2 min read
Avoid The Rush To Prepare Tax Return
As we approach the end of the financial year, thoughts may be turning to preparing your tax return. You must be able to substantiate your deduction claims, which for many taxpayers can mean a mad scramble to find invoices/receipts. So now is a good t

Related Books & Audiobooks