Blog & Resources

Reduce your tax - 9 things to consider for 2021 tax planning.

Businesses and Individuals should be reviewing their affairs to ensure the best possible tax outcome for the 2021 financial year.

9 areas to consider:

1.    Reducing assessable income;

2.    Increasing your deductions or tax offsets;

3.    Diverting Income; 

4.    Selecting an appropriate tax vehicle.  

5.    Deferring capital gains events; 

6.    Moving money into lower tax structures, i.e., Superannuation Funds; 

7.    Reviewing your asset register;

8.    Reviewing your stock ledger;

9.    Reviewing your debtors ledger for bad debts.


If you would like to discuss further please contact us:
McNamara & Company - Chartered Accountants, located minutes from the Melbourne CBD
Phone +61 3 9428 1062

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