How to reduce your income Tax - Legally.
‘I am not evading tax in any way, shape, or form. Now of course I am minimising my tax and if anybody in this country doesn’t minimise their tax, they want their heads read because as a government I can tell you you’re not spending it that well that we should be donating extra’
Kerry Packer
This famous paragraph from the late Kerry Packer AC, should resonate with every taxpayer.
This article is mainly for business owners, but some sections are relevant to all taxpayers.
I hope you like the article as it’s of general use only, these are the major ones you should review.
Some of the ways to reduce tax legally, are detailed in the downloadable report. The topics covered are:
- Keep accounts up to date.
- Increasing your deductions or tax offsets
- Delay Income
- Selecting an appropriate tax vehicle
- Moving money into lower tax structures, i.e., Superannuation Funds
- Reviewing your asset register
- 100% instant write off/deprecation.
- Tax planning NOW.
