Getting Tax Ready For End of Financial Year
If you’re a small business, it’s that time of year to be looking at strategies to minimise your tax. When you’re considering strategies to reduce your tax burden, always keep in mind that spending money to get a tax deduction is secondary to the primary purpose of spending which is to improve profitability. Here are […]
Making Donations in a Tax Effective Way
As you look forward to a new year, you may wish to review your charitable giving and how tax effective your philanthropy is. Not all charitable donations are tax deductible. Registered deductible gift recipients (DGRs) provide you with a receipt stating that the gifts are deductible. The Australian Charities and Not-for-profits Commission (ACNC) has a […]